Tag Archives: solana

During the ongoing Solana Breakpoint conference in Lisboa, Ohanian said he wants to participate in the development of a decentralized social media based on the Solana blockchain, which is the reason behind the multi-million dollar investment. The American Internet entrepreneur, arguably best known for his role of co-founding Reddit, outlined his plans at the Breakpoint conference earlier on November 9th. While speaking to Solana’s co-founder – Raj Gokal – Ohanian firstly said...

SolFlare, the popular wallet built for the Solana blockchain, has launched Android and iOS mobile versions. Aside from buying, selling, and storing SOL and Solana-based tokens, users will also be able to stake them through the app version. SolFlare’s Mobile SOL Wallet Arrives The press release shared with CryptoPotato explained that the newly-launched mobile version of the SolFlare wallet is the first Solana mobile wallet supporting such features as the aforementioned ones....

Phantom is one of the most popular and used wallets in the Solana ecosystem. Today, the company revealed they will be releasing a mobile version of their wallet as well. Phantom Rolling Out a Mobile App Phantom is a non-custodial cryptocurrency wallet built for the Solana ecosystem, and it’s one of the most popular apps in the field. According to a press release shared with CryptoPotato, the team will also be expanding its reach upon crossing 1 million weekly active users and...

The Decentralized Finance (DeFi) sector is riding strong in October after a month-long market lull. The latest charts show figures hitting all-time highs with respect to liquidity stored on these protocols. The total value locked (USD) has established a new peak after soaring above $236 billion on October 26th. According to Defi Llama, the TVL figures have maintained a steady uptrend over the past month. In addition to the broader cryptocurrency realm, DeFi too had a rather...

Public blockchain platform Solana just broke its previous all-time high from September. The new record comes amidst a rising crypto market in which Solana has been especially successful. Last week, Solana almost painted a fresh all-time high but came a few dollars short before retracing back. This happened very shortly after Bitcoin had marked a new all-time high. Today, we saw something similar. As Bitcoin rests and consolidates following last week’s rally, Solana has now...

To say that last week was exciting would be a serious understatement. Bitcoin went on to chart a brand new all-time high at around $67K, we saw the approval of the first-ever futures BTC ETF in the US, a massive flash-crash on BinanceUS, and a correction towards $60K. Let’s dive in. Starting with Bitcoin. The price was trading around $62K last this time last week and even dipped below $60K briefly on Monday. However, the market was propelled higher from then, and this...

Solana – the fast-rising public blockchain platform – has reached an all-time high in TVL on its Defi protocols. This comes amidst a booming cryptocurrency market in which altcoins are beginning to reclaim market share. According to Defi Llama, the TVL in DeFi on Solana reached a new record of $12.7 billion earlier on October 21st. It has since receded to about $12.34 billion at the time of writing. Total Value Locked on Solana. Source: Defi LlamaThis is a greater volume than...

As innovative as it may be, blockchain technology faces particular challenges, including high fees, scalability issues, low throughput, and more. Several projects in the DeFi space compete to become the first web-scalable blockchain and ensure that users have the best experience by tackling these common issues. One of these, which is gaining traction in the DeFi community, is Solana. This open-source, censorship-resistant blockchain leverages a comprehensive set of...

One of the largest short-videos sharing platforms in India – Chingari – has successfully raised $19 million from investors such as Kraken, Alameda Capital, Galaxy Digital, and more. The company aims to launch its own token, enter the NFT world, and tap into the Solana blockchain. Chingari Raises $19M The press release shared with CryptoPotato explained that aside from the aforementioned investors participating in the fund round, other prominent names included Republic Crypto,...

Two of the largest digital wallet providers, namely Skrill and Neteller, will enable their millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid rise in terms of adoption and SOL’s price surge as of late. SOL on Skrill and Neteller Aside from allowing customers to interact with SOL, the announcement shared with CryptoPotato explained that both companies will provide direct fiat purchases due to the crypto...