Solana’s blockchain reportedly suffered another DDoS attack earlier today, but the network seems to be back in good standing as of now. This appears to be the third similar incident in the past several months. Solana’s Tryst With DDoS According to the prominent Chinese journalist Colin Wu, Solana went down on January 4th. The attacker...Read More
Grayscale Investments, the digital asset manager with over $50B in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust. The company’s press release, dated November 30th, explained that the new Trust will “solely and passively” invest in SOL – the native cryptocurrency of the popular blockchain project, Solana. The product...Read More
Solana has emerged as a viable alternative to a host of blockchains. In fact, the network is not only efficient when it comes to conducting transactions but is also greener than web browsing giant Google, at least according to a recent report. At a time when the carbon footprint of Proof-of-Work (PoW) based assets has...Read More
The team behind Solana yesterday gave a detailed report on how its validators from all over the world rescued the network from an outage that lasted nearly 18 hours. IDO Bots Responsible for Solana’s Downtime According to the report, the network outage was a result of Grape Protocol’s IDO, which launched on the Raydium exchange...Read More
Solana mainnet has stopped processing transactions. The popular blockchain halted over 7 hours ago. Meanwhile, Ethereum layer 2 solution Arbitrum has experienced an outage. Potential Restart Incoming As tweeted by Solana Status, the Solana mainnet began experiencing “intermittent instability” several hours ago, and developers are still getting to the bottom of it. The account followed...Read More
Solana’s network saw explosive growth this year, but it appears that it’s not just NFTs that are driving it higher. The total amount of USDC that circulates on Solana is now up to $2.5 billion. Data from the Solana explorer reveals that the current supply of USDC on the network is just shy of $2.5...Read More
American songwriter, singer, and dancer Jason Derulo revealed today that he invested in crypto, particularly Solana (SOL) back in June and it has been a great ride. Jason Derulo’s Bet on Solana Paid Off Well Expressing his delight, Derulo tweeted saying “I betted on Solana in June. Wow, what a ride! #crypto.” While the celebrity...Read More
