https://t.me/Solana_Updates

2022-12-17 05:59:02 Solana active developers decline 90% in 2022, but SOL devs dispute findings

Solana’s (SOL) active developers have declined by over 90% to 75 developers from around 2,500 recorded in January, according to Token Terminal data. According to the data aggregator, developers within the Solana ecosystem peaked on Jan. 9 when it hit 2,453.

Token Terminal determines an active developer based on an ecosystem through the “number of distinct GitHub users that made 1+ commits to the project’s GitHub repositories during the past 30 days.”.Superteam, a community of developers working on projects within the Solana ecosystem, tweeted, “this is incorrect to say the least. There were more devs on our community call yesterday.”

Source

@Solana_Updates Open / Comment

2022-12-16 19:15:03 Solana NFT marketplace Magic Eden Will Reward Loyal Traders With Discounts, Free NFTs

Magic Eden, the largest Solana NFT marketplace by sales volume, today announced a rewards initiative that will give its frequent traders special benefits including fee discounts and free NFTs. The Magic Eden Rewards program, which kicks off later this afternoon.

Each step up the ladder provides greater benefits, the company said, including deeper discounts and access to NFT rewards. For traders that have used multiple Solana wallets to trade NFTs on the platform, they can link all of them to a single Magic Eden account to maximize rewards considerations, rather than having each account based solely on a single wallet.

Source

@Solana_Updates Open / Comment

2022-12-15 13:05:05 Charles Hoskinson Says Solana (SOL) Could Become Sidechain of Cardano (ADA)

Charles Hoskinson thinks smart contract protocol Solana (SOL) could theoretically become a sidechain of the Cardano (ADA) network. During a new YouTube AMA session, Hoskinson lays out what sidechain partnerships look like on Cardano.

The Cardano founder says a sidechain can have its own computation model, its own notion of data availability, its own network stack and its own consensus algorithm. Hoskinson says Solana would be in a much better position if it teams up with Cardano.Hoskinson also floated the idea of leading memecoin Dogecoin (DOGE) becoming a sidechain for Cardano.

Source

@Solana_Updates Open / Comment

2022-12-14 12:33:02 Discord Adds Solana Integration for Linked Roles, Boosts Web3 Identity

The latest Solana partnership with Discord brings Web3 identity alongside traditional Web2 idenity. Discord has added Solana wallet integration to its Linked Roles features. The move is a big plus for Solana gamers and the Web3 community.

Users can now, based on the December 12 announcement, link their Solana wallet and qualify for roles on Discord. The new integration will use metadata such as holdings, number of txs, or age of the wallet to like the Solana wallets with the Discord IDs. Discord moderators can use these metrics to enable roles inside servers. Solana community have celebrated the arrival of the integration on Twitter.

Source

@Solana_Updates Open / Comment

2022-12-13 21:48:02 Solana Records Biggest Loss on One DeFi Metric As BNB Chain Shows Resilience: DappRadar

DappRadar report finds that last month’s crypto market meltdown caused the total value locked (TVL) on smart contract platform Solana (SOL) to freefall. The data acquisition and analysis firm reports that Solana saw a 71% decrease in TVL month-on-month from October to November, crashing to $366 million.

The TVL of a blockchain represents the total capital held within its smart contracts and is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. SOL is trading for $13.70 at time of writing. The 18th-ranked crypto asset by market cap is down more than 57% since November 1st when it was trading at $32.24.

Source

@Solana_Updates Open / Comment

2022-12-12 13:07:02 Solana (SOL) Remains Huge, This Data Confirms It

Despite the doomtalk around Solana that has persisted in the industry since the FTX implosion, the network still remains one of the biggest networks in the industry. After comparing it to Ethereum, it becomes clear that Solana easily reaches.

In one of his most recent posts, Chris Burniske shared surprising data and highlighted the fact that Solana had executed just as many NFT transactions as Ethereum to date. Such numerous transactions tied to NFT should not surprise users that much: back in 2021, Solana became one of the most popular networks among NFT creators.

Source

@Solana_Updates Open / Comment

2022-12-11 12:15:02 Solana founders see now as a time to bridge the blockchain and the physical world

After FTX collapsed, a number of crypto entities once tied to the bankrupt crypto exchange are trying to pick up the pieces and move forward. As for Solana — a prominent layer-1 blockchain that was backed by FTX.

Developers in the space who weathered the last crypto market cycle see Solana’s ability to handle high levels of transaction throughput as an advantage over some other blockchains and remain bullish on the underlying technology more generally, Gokal explained. “They’re not just paying attention to what’s happening in the market.

Source

@Solana_Updates Open / Comment

2022-12-10 11:15:05 Tensions Erupt Between Magic Eden and Metaplex Over Future of Solana NFTs

Solana has been ground zero for the ongoing industry debate over enforcing NFT creator royalties, and now long-simmering disputes between major players in the space have spilled out onto social media as builders try.

Metaplex—the creator of Solana’s NFT standard—alleged that top Solana marketplace Magic Eden was leading a “coordinated pressure campaign” to try and take control of the standard. A standard sets the parameters and functionality of a token, in this case a non-fungible token (NFT) with features unique from other similar tokens.

Source

@Solana_Updates Open / Comment

2022-12-09 12:46:02 Life After FTX: How Solana DeFi Is Starting Over—Without SBF’s Serum

The fall of Sam Bankman-Fried didn’t just topple a $32 billion cryptocurrency exchange in FTX—it also threatened to undo the fabric of decentralized finance on the crypto wunderkind’s blockchain of choice, Solana.

Serum, founded in August 2020 by a consortium that included the Solana Foundation and Bankman-Fried’s FTX and trading desk Alameda Research, was a core decentralized exchange platform and liquidity provider for the burgeoning Solana DeFi ecosystem. Its order book was crucial for DeFi on Solana, integrated into virtually all of the biggest DeFi projects on the network.

Source

@Solana_Updates Open / Comment

2022-12-08 18:18:02 SOLANA (SOL)’S VALUE DROPS TO $4 BILLION AFTER THE FTX CRASH

Solana (SOL)’s price records double-digit gains in today’s charts. But the recent surge is not enough to put it back in the ranks after falling to 16th place this week. Solana (SOL) is one of the cryptocurrencies that suffered huge losses from the FTX wreckage.

Solana (SOL) received the FTX crash worse than most of its counterparts due to its direct financial ties with Sam Bankman-Fried enterprises. FTX filed for a Chapter 11 bankruptcy last week and dragged all 130 companies under its watch down the hole, including Alameda.FTX and Alameda Research, both companies owned by Bankman-Fried.

Source

@Solana_Updates Open / Comment