Solana

Digital Asset Inflows Reach $1.76 Billion, Marking 10 Weeks of Growth: CoinShares

In the past week, investments in digital asset products surged by $176 million, marking the 10th consecutive week of continuous inflows. The total inflow over this period reached $1.76 billion, constituting 4% of the assets under management (AuM). This streak of inflows is the largest since October 2021, when the US witnessed the launch of...
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Digital Asset Investments Hit $1.14 Billion YTD: CoinShares

Digital asset investment products saw inflows amounting to $293 million over the past week. This extended a seven-week streak of inflows surpassing the $1 billion milestone. Year-to-date inflows now stand at $1.14 billion, marking the third-highest annual inflows on record. Ethereum witnessed a massive turnaround in sentiment, welcoming its largest inflow since August 2022 of...
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Solana Priced at $328? Grayscale SOL Shares Soar

Solana’s price is flying high again on crypto exchanges. However, regulated investors value SOL tokens at an astounding premium in Grayscale Solana Trust (GSOL). The average SOL price on crypto exchanges was just under $62 Saturday afternoon U.K. time, according to data from CoinGecko. That puts the smart contract blockchain platform up over 49% in...
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Solana Surpasses Polygon in Daily DEX Volume Amid Price Rally

On-chain data shows that the Solana network has surpassed the layer-2 Ethereum-based scalability blockchain Polygon in daily decentralized exchange (DEX) trading volume. According to charts on the digital assets data platform Artemis XYZ, Solana currently has a daily DEX trading volume of $240.47 million, while Polygon sits at $137.49 million. Solana Flips Polygon In Daily...
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Bitcoin Dominates Institutional Inflows on the Back of Recent BTC Price Rally

According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, digital asset investment products received a total of $326 million in inflows, marking the highest weekly influx since July 2022. The asset manager speculated that the rising optimism from investors that the US Securities and Exchange Commission would approve a spot-based Bitcoin...
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Solana-Based Products Lead with 74% AUM Increase in October: CCData

October witnessed significant advancements in the industry owing to the launch of six ETH Futures ETFs, offering investors a chance to delve into Ether futures. Bitcoin responded positively to the developments. Further gains were fueled by speculations about BlackRock’s application approval of a spot BTC ETF in the United States. As a result, the total...
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Solana’s Largest DeFi Protocol Restricts Access to UK Users

Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, has recently initiated a process to block access for users based in the UK. This decision follows a similar action by Orca Finance and is responding to “compliance concerns” related to the Financial Conduct Authority (FCA) regulations. Marinade Finance Blocks UK Users Marinade...
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Solana Introduces Limited-Time Offer Zero Fees for Asset Transfers from MetaMask

Solana has introduced a limited-time offer for users seeking to transfer assets from their Metamask wallet, reducing the associated fees to 0%. This fee reduction is made possible through a collaboration between the layer 1 blockchain, DeBridgeFinance, and the Solana-based wallet – Solflare. According to the official announcement, whenever a MetaMask wallet is connected to...
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Year-to-Date Inflows to Solana Hit $74 Million as SOL Price Shot Above $30: CoinShares

Market sentiment has experienced a significant upturn, with a noticeable trend in digital asset investment products attracting inflows for four consecutive weeks, accumulating a total of $66 million. This recent four-week streak of inflows has now reached $179 million. Following a recent increase in prices, the total Assets under Management (AuM) have surged by 15%...
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Solana’s Strong Recovery in 2023: SOL vs ETH Ratio Hits Yearly Highs

Solana had a strong association with FTX, and the latter’s collapse last year had significant repercussions for the SOL token. However, the seventh-largest crypto-asset has pursued a strong recovery this year. According to Nansen’s latest analysis, SOL has been trending positively since the summer. In fact, the SOL vs ETH ratio was found to have...
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Lido DAO Votes to Sunset the Lido on Solana Project

The Lido on Solana project will wind down following the inability of the P2P team to sustain the project due to financial constraints. According to the team, the sunsetting of the project will happen over the coming months, with stSOL token holders given until February 2024 to unstake through the Lido on the Solana frontend....
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Solana Foundation Offers $400,000 Bounty to ‘Turn Off Solana’

The Solana Foundation is offering a reward of $400,000 for anyone who can discover the code that could potentially “turn off Solana.” This development comes while SOL’s price has dipped by 8.4% in the past week following several mentions in Sam-Bankman Friend’s trial. Jacob Creech Announces $400,000 Bounty Jacob Creech, the Head of Developer Relations...
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How Solana is Thriving Despite FTX/Alameda-Induced Challenges: Report

A Nansen analyst recently published a report diving deep into the Solana ecosystem, exploring the on-chain data, network developments, and other findings. As per the findings, amidst challenges like network halts and the FTX/Alameda saga, the Solana blockchain shows significant resilience and continuous improvements, achieving a 100% uptime year-to-date. Solana’s Performance Till Date The report...
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Solana Emerges as the Most Loved Altcoin This Year With $5M Inflows: CoinShares

Digital asset investment products witnessed inflows last week, with a total of $21 million coming in for the first time in 6 weeks. Interestingly, earlier in the week, it appeared that outflows would persist, but the tide turned towards the end of the week, particularly on Friday. CoinShares said this shift can be attributed to...
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Ripple (XRP) Becomes the Top Traded Altcoin on US Crypto Exchanges

The native token of Ripple – XRP – has topped another recent ranking by becoming the most traded alternative coin on US-available cryptocurrency exchanges this year. The asset and its surrounding developments have been among the trendiest topics in the crypto community lately, possibly playing a role in the increased trading volume.  Leaving DOGE and...
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Eclipse Unveils New L2 Architecture, Bringing Solana Advantages to Ethereum

On Sept. 19, Eclipse announced a new L2 architecture, which will leverage the Solana Virtual Machine while operating on Ethereum, hence bringing the advantage of the former’s speed and scale in transaction settlement. The newly promoted L2 architecture aims to redefine the scaling world by touching on areas like Ethereum settlement, execution using SVM, availing...
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Ripple, Cardano, Solana Products See Weekly Inflows, Bitcoin, Ethereum With Large Outflows: CoinShares

Investor sentiment remained sour as digital asset investment products witnessed yet another week of extensive outflows. However, Bitcoin was still the most loved investment product according to the latest edition of CoinShares’ report. In the past week, digital asset investment products experienced outflows totaling $54 million, marking the fifth consecutive week of such withdrawals. In...
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Lido on Solana Seeks $1.5 Million Financial Aid to Continue Operations

The team behind the Lido on Solana project is struggling to meet its initial objectives and is looking to the community to fund the project with $1.5 million for growth and development. However, its staking solution on the Solana network could cease if the project does not get financial assistance. A $1.5 Million Budget to...
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Founder, Team Members of Solana-Based Clockwork to Step Away From Protocol

The team behind Clockwork, a decentralized automation protocol for the Solana blockchain, will no longer maintain the codebase, stating that there was not enough profit to continue developing the project. The announcement comes a year after Clockwork received seed funding from backers like Multicoin Capital and Asymmetric. Clockwork Team Leave Project to the Community Nick...
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Short Bitcoin Outflows Halt for the First Time in 14 Weeks: CoinShares Report

The summer period’s lackluster trading activity is evident as digital asset investment products recorded outflows of $107 million this week. The profit-taking has gathered tremendous pace lately, with weekly trading volumes in investment products 36% below the year-to-date average. The wider on-exchange market has experienced a more significant decline, with volumes down 62% relative to...
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Solana Network Hasn’t Gone Down in 5 Months: Report

The Solana network has not suffered any outages in the last five months and has been 100% uptime since February. The enhanced network performance marks a striking transformation from the previous year when layer-1 network outages caused severe disruptions. A new report released by Solana Foundation stated that the subsequent upgrades, including the rollout of...
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Polygon, Solana Join Cardano in Dismissing the SEC’s Allegations

The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded...
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NBA Star Shaquille O’Neal Faces Lawsuit for Promoting Solana-Based Crypto Project Astrals

American basketball legend Shaquille O’Neal is facing a new lawsuit for promoting the Solana-based crypto project, Astrals. According to the class action lawsuit filed with a Floridan court by plaintiff Daniel Harper, Shaquille shilled the Astrals token through posts and videos on several of his social media handles. O’Neal Faces Lawsuit Over Astrals Project According...
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Google Cloud Introduces New Web3 Startup Program

Google Cloud announced plans to assist Web3 startups and projects to build and scale faster and more securely. The new offering expands on the existing initiative called – “Google for Startups Cloud Program” by including additional Web3-specific benefits. The Initiative According to the official press release, eligible Web3 technology projects and startups from pre-seed to...
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Solana Sees Significant Growth Across DeFi, NFTs: Messari

After a turbulent 2022 owing to macroeconomic headwinds, Solana’s performance improved substantially in the first quarter of the year. Data suggested that its market cap increased by more than 118% QoQ along with the broader market. Furthermore, numerous ecosystem developments fueled fee payer and transaction activity during Q1. Solana’s Performance in Q1 Solana’s network outages...
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FTX-Linked Project Serum Shilling Shitcoins on Twitter: Report

According to on-chain sleuth Zachxbt, the official Twitter account of the Solana-based decentralized finance project Serum, which had over 200,000 followers, has been renamed ‘Luka.’ The original Serum account is speculated to have been sold to a different user since all the previous tweets have been deleted. Sharing a screenshot of the account, ZachXBT revealed...
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Solana Announces Saga Mobile Launch Date, But Network Activity Declines

On April 13, Solana said that its flagship, security-conscious, crypto-first Android device from Solana Mobile is available to those who pre-ordered. The firm will begin taking new orde1111rs for the device on May 8, it added. The Saga crypto smartphone was originally announced in mid-2022. It stated that the team has been using Saga for...
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Injective Unveils First-Ever Solana Rollup for Cosmos

Injective – a  layer 1 blockchain – announced the first-ever Solana rollup launch for Cosmos. According to the official press release shared with CryptoPotato, the “Solana Sealevel Virtual Machine (SVM)” will be deployed within the Cosmos ecosystem with the help of roll-up provider Eclipse. By bringing the Solana development environment to the broader Cosmos ecosystem,...
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Solana Network Suffers 20-hour Outage, Root Cause Still Unknown

Solana outages have yet again sparked questions about the design of the premier Layer 1 blockchain. The validators tried to restart the network twice over the weekend after the on-chain activity froze. At one time, Solana was processing only 93 TPS. Following the performance degradation, the validator community eventually had to opt for a synchronized...
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Solana Spaces Close Less Than a Year After Opening

Solana Spaces, two retail stores that opened up this summer in New York and Miami, will be closing down by the end of February. The retail stores for Solana-based projects were the idea of San Francisco-based investor @vibhu, who wanted to offer a more face-to-face onboarding experience to those interested in NFTs and the blockchain...
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Bitcoin (BTC) $ 98,141.29 3.91%
Ethereum (ETH) $ 3,489.20 2.11%
Tether (USDT) $ 0.998966 0.01%
XRP (XRP) $ 2.30 1.80%
BNB (BNB) $ 703.27 1.41%
Solana (SOL) $ 198.87 3.92%
Dogecoin (DOGE) $ 0.33335 3.07%
USDC (USDC) $ 0.999576 0.09%
Lido Staked Ether (STETH) $ 3,484.08 2.19%
Cardano (ADA) $ 0.924916 1.33%