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2022-12-27 09:14:02 Top Solana NFT projects DeGods & y00ts are headed to Ethereum and Polygon

DeGods and y00ts, two of the leading non-fungible token collections on Solana, have announced plans to bridge to Ethereum and Polygon early next year, the teams announced on Twitter. NFT projects on the Solana blockchain regarding floor price.

The DeGods collection will migrate to Ethereum, aiming to compete with NFT blue chips like Bored Ape Yacht Club, CryptoPunks and others. Its floor price is 460.00 SOL ($5,221), which tops the entire NFT market on Solana. Meanwhile, y00ts — with a floor of 140 SOL ($1600) — is planned to move over to Polygon, a sidechain of Ethereum that allows for faster and cheaper transactions.We want to make sure that it's airtight,” the DeGods team noted.

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2022-12-26 17:18:02 Solana SOL Hits 1-Month Low on Saturday

Solana fell to a one-month low to start the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday

Solana (SOL) was in the red on Saturday, as prices moved lower for a fourth straight session. SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was trading at $11.95. Today’s drop saw solana fall to its lowest point since November 22, when price hit a low of $10.94.As can be seen from the chart, Saturday’s decline came as the 14-day relative strength index (RSI) broke out of a floor at 34.00.

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2022-12-25 13:10:03 Solana Becomes 2 Ecosystem

Despite all the technical issues, a massive sell-off during the FTX implosion and the practical death of the NFT and DeFi industries, Solana remains the biggest and most relevant Ethereum rival, and certain data confirms this thesis.

According to market data provided by Delphi Digital, Solana is the second biggest network after Ethereum in terms of selling volume on NFT markets. Despite having a significant lead at this point in time, Ethereum is not taking a 100% stake in the market.Prior to this cycle, Solana had the biggest stake on the NFT market. The situation has changed after the most recent spike in NFT trading volume.

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2022-12-24 04:56:02 Solana Becomes Second Largest NFT Ecosystem

Nonfungible token (NFT) activity on the Solana network has remained positive despite the recent FTX imbroglio. According to analysis by institutional research firm Delphi Digital, Solana has become the number two ecosystem for NFTs.

The 30-day sales volume metric has topped $50 million, according to Cryptoslam data. Other NFT networks such as ImmutableX, Cardano, Polygon, Flow, and BNB Chain are way behind. As of Dec. 8, Solana NFTs had $60 million in 30-day sales volume, which is more than 4x the next ecosystem, ImmutableX.30-day NFT sales volume on Ethereum was around $400 million, according to the data.

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2022-12-23 18:20:05 Solana (SOL): Impact of Proof of History on Its Network

Solana (SOL) is considered one of the fastest cryptocurrencies on the crypto market. The scalability of its blockchain comes from its hybrid consensus model of proof of stake (PoS) and proof of history (PoH). PoS is already well known in the blockchain industry

The need for a fast network increases every day with the arrival of new users to this market, and the consensus model of each cryptocurrency is responsible for ensuring that the altcoin does or does not conform to this demand.Proof of history, the consensus idea introduced by Solana.

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2022-12-22 16:11:02 Real Vision CEO Says Solana Team Is ‘Unlocking Something Big’

Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history.

Solana aims to enable smart contracts to allow developers to build a wide range of decentralized finance (DeFi) apps, new crypto tokens, games, and more. When users stake their crypto, they make the underlying blockchain of that asset more secure and more efficient. they are rewarded with additional assets from the network, which are paid out as rewards.

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2022-12-21 11:05:05 Crypto Trading Protocol Drift Relaunches Into Rocky Solana DeFi Landscape

As Solana decentralized finance (DeFi) staggers through the rubble of FTX, a long-absent player of its crypto derivatives trading scene is ready to take the stage once again.

Drift, a Solana-based perpetual swaps trading protocol that handled billions of dollars in volume during the 2021-2022 bull run before collapsing during the Terra crash, is going live with its revamped second version on Friday. Many of those services are in short supply in the Solana ecosystem right now, making Drift’s return a potential bright spot.

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2022-12-20 19:41:02 Solana Maintains Strong Developer Activity Despite FTX Collapse

Solana has seen its price fall over 65% since the FTX/Alameda collapse a month ago, but the developer activity on the blockchain appears to be stickier than previously imagined.

According to a report by Messari, the number of GitHub developer repositories and the number of unique daily programs are up 2.5x year-over-year despite SOL prices dropping 95% over the same period. The Web3 developer report published by Alchemy discovered a similar story. According to the same report, this growth rate is better than the growth.

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2022-12-19 10:35:05 Solana’s hack story continues with Raydium Protocol as the new victim

Radiyum Protocol, an order book AMM (Automated market Maker) on the Solana [SOL] network, was hacked on 16 December. Reportedly, the hacker extracted funds from various Raydium liquidity pools without owning or burning any LP tokens.

Through the help of multiple organizations, the team at Radium Protocol figured out how the attack took place. Allegedly, the hacker took owner authority, through which he could access these funds. The attack stemmed from a Trojan attack that was sent to the pool’s owner account along with a compromised private key. After getting access to the owner’s account.

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2022-12-18 10:30:18 Solana Soars, Flow Falls as NFT Market Declines Further

Turmoil across the cryptocurrency market in November spilled into the NFT space, with falling crypto prices and declining NFT valuations further impacting an ever-weakening market. New data from DappRadar suggests that total NFT trading volume fell again in November.

According to data provided by the analytics firm, the overall NFT market produced about $643 million worth of organic trading volume in November. That’s down over 8% from October, when Decrypt tallied about $702 million worth of volume between partial data from DappRadar paired with additional marketplace data from Dune. U.S.-dollar terms has dropped by 88% since then.

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