Tag Archives: solana

Solana Labs is inviting startups to take part in the Incubator program. They have time till November 30 to submit their applications. Ecosystem builder Solana Labs has announced the launch of its Solana Web3 Incubator program. Speaking on the development, the Product Manager at Solana Labs, Emon Motamedi noted that Web3 start-ups require time and resources to build new solutions that benefit their audience. Motamedi identified that these founders frequently face challenges relating to Web3...

Solana price started a steady increase above the $25.00 resistance against the US Dollar. The price is now trading above $28.50 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $30.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $32.00 and $32.80 to continue higher in the near term. Solana price is trading in a positive zone above $28.50 against the US Dollar, like...

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 a Solana app, users will also gain access to a trusted Solflare companion. This Solflare widget boasts a...

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% from their September lows, reaching nearly $33 billion, marking the highest point since mid-August, according to...

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 been breaking higher, nearing highs not seen all year. Since the collapse of FTX, SOL has declined more than ETH, meaning ETH has...

Solana price started a decent increase above the $22.40 resistance against the US Dollar. The price is now trading above $23.50 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $23.20 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $24.40 and $25.00 to continue higher in the near term. Solana price is trading in a positive zone above $23.50 against the US...

The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and business development aid from the Solana Foundation. An official announcement states that Solana Foundation’s support would be provided to the DMCC Crypto...

Solana price started a decent increase above the $22.00 resistance against the US Dollar. The price is now trading below $23.50 and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $23.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $21.50 and $20.40 support levels to start another increase. Solana price is trading above the $20 support against the US Dollar,...

Beyond its crypto options offerings, the exchange has set its sights on obtaining a brokerage license in the European Union (EU). Deribit, one of the world’s leading crypto options exchanges, has recently made a significant announcement that it is set to introduce options contracts linked to three prominent alternative cryptocurrencies: XRP, Solana (SOL), and Polygon (MATIC). This expansion initiative comes on the heels of Deribit’s continued efforts to cater to the evolving needs of...

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 shared via an X thread by Nansen on Oct. 5 began by highlighting the current TVL...