Tag Archives: solana

On Tuesday, the Solana network experienced five hours of unusability. Validators, crucial components of Solana’s infrastructure responsible for processing and validating blockchain transactions, restarted the network before 10 am Eastern Time. Solana Labs attributed the recent five-hour blockchain downtime on February 6 to a bug that made transactions enter an infinite loop.  The Post-Mortem According to a post-mortem report released by Anza co-founder Jeff Washington, a bug...

CoinspeakerADGM Teams Up with Solana to Boost DLT Projects in Abu Dhabi Hamad Al Mazrouei, CEO of the ADGM registration authority, described the collaboration as a "key milestone" in strengthening ADGM's position in the blockchain sector. ADGM Teams Up with Solana to Boost DLT Projects in Abu Dhabi

Solana price started a downside correction from the $106 zone against the US Dollar. The price is now trading below $100 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $97 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $92 and $89 support levels to start another increase. Solana price is trading above $92 against the US Dollar, like Bitcoin. SOL is...

CoinspeakerSOL Price Dips below $94 after Solana Network Outage At the time of writing, the network was still down amidst a call for validators to install the new software batch before restarting the network. SOL Price Dips below $94 after Solana Network Outage

Investment products for digital assets received significant influxes of $708 million last week, contributing to year-to-date inflows of $1.6 billion and increasing the total global assets under management to $53 billion. However, trading volumes in ETPs dropped to $8.2 billion from the previous week’s total of $10.6 billion, though they still surpass the 2023 weekly average of $1.5 billion. According to CoinShares’ latest report, these volumes represent 29% of Bitcoin’s...

CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets flows turned positive after two weeks of outflows. Solana’s weekly inflows improved as Ethereum recorded more outflows. Global Crypto Assets Record $708 Million in Weekly Inflows

TL;DR Solana-based meme coins such as Bonk Inu, dogwifhat, and Myro have gained popularity, with their ability to outperform Dogecoin depending on technological advances, community growth, and market acceptance. Their success is closely tied to SOL’s performance, which has recently rallied substantially. What are the Odds? Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have taken center stage as of late, charting explosive gains and...

The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins. Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven...

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Despite the recent growth, Solana's weekly volume is behind Ethereum’s 7-day DEX volume, with $5.518 billion compared to Ethereum's $7.971 billion.  Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

CoinspeakerDelegate and LayerZero Introduce Naming Protocol Clusters In parallel to the Clusters launch, LayerZero has announced its intention to airdrop 12 million $ZRO tokens in the first half of 2024. Delegate and LayerZero Introduce Naming Protocol Clusters