https://t.me/Solana_Updates

2022-12-07 12:22:02 Solana Co-Founder Breaks Silence on SOL Burning as New Proposal Raised

First, the proposal itself involves setting a dynamic base fee, calculated on the basis of the current load on the SOL network, and charging for each computing unit requested by the transaction. According to Yakovenko, the solution should reduce fees during periods

Thus, if the average load over the last eight blocks exceeds 50%, the base fee is increased by 12.5% and vice versa. The minimum fee is retained, and there is no maximum fee. Such changes have reminded some of the Ethereum fee market, where they vary from network load level. Responding to this jab, Solana's co-founder said they had dynamic base fees even before their main competitor.

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2022-12-06 14:44:02 Solana-Based DEX Orca Partners With Stripe for Fiat Transactions

Orca, a Solana-based decentralized exchange (DEX), has integrated with payments heavyweight Stripe to to power its fiat-to-crypto transactions.Users will now be able to make fiat purchases for tokens such as USDC and SOL via an onramp built inside Orca using Stripe's fiat-to-crypto system.

Orca is powered by an automated market maker (AMM), the underlying protocol of a DEX which enables trading without the input of an intermediary as in a centralized exchange. Orca is one of the most prominent DEXs on Solana. DEXs may witness a surge in popularity in the months and years ahead, should the dramatic collapse of FTX.

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2022-12-05 18:05:04 Magic Eden Launches Solana NFT Tool to Enforce Creator Royalties

NFT space, especially on Solana, where effectively all marketplaces with any significant share have stopped requiring traders to pay the fees. But now the leading Solana marketplace, Magic Eden, has taken a step towards creating a more durable system to enforce creator royalties.

The $1.6 billion startup today announced the Open Creator Protocol (OCP), an open-source tool that creators of new Solana NFT projects can implement to ensure that royalties are paid whenever their assets are traded on secondary marketplaces. It’s built on top of Metaplex’s existing SPL token standard for NFTs on Solana.

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2022-12-04 16:51:02 Solana-based market maker integrates Stripe for fiat-to-crypto transactions

The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM).

The AMM revealed an integration with Stripe that will power its new fiat-to-crypto on-ramp, making decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases along with fiat-to-crypto transactions. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools.

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2022-12-03 05:24:02 Solana-Based NFT Marketplace Magic Eden Launches Tool to Enforce Creator Royalties

The non-fungible token (NFT) space may have been spared the brunt of the catastrophic fall of FTX, but the battle for market share continues. Amidst the chaos, Magic Eden – the most popular marketplace for Solana NFTs – announced the launch of a new tool that will enforce royalties on all new collections that opt-in.

According to the official press release, creators adopting OCP will be able to ban marketplaces that have not imposed royalties on their collections. The tool will impact creators launching new collections starting December 2nd. Royalties will remain optional on Magic Eden’s marketplace for new collections that do not use OCP. However, it faced stiff competition from rival NFT marketplaces on Solana.

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2022-12-02 16:38:02 SOL NFT Transaction Volume Has Reached A New All-Time High

Solana (SOL) has been having a rough few weeks following the FTX meltdown, and has slowly been fading from the top ten list of the biggest cryptocurrencies. However, Solana’s NFT ecosystem has been showing some promising growth. The post SOL NFT Transaction Volume Has Reached A New All-Time High appeared first on Coin Edition.

Over the last week, a variety of new NFTs were listed on Solana, including Panda, Pixel Boy, ACF, Moo Doo, and Claynosaurz. In addition to this, Solana’s NFT transaction volume has also made some notable progress. Just a few hours ago, Solana announced on its Twitter page that its NFT transaction volume has reached a new all-time high. Solana’s NFT ecosystem has been showing some promising growth.

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2022-12-01 12:07:02 Over $643,000,000 in Solana (SOL) Now Controlled by Liquidators as Part of Alameda Research Bankrutpcy Process: On-Chain Data

Solana Compass reveals that Sam Bankman-Fried’s bankrupt trading firm Alameda Research previously controlled 48,636,772 SOL tokens worth over $643 million at time of writing. With Solana down nearly 95% from its all-time high of $259.

According to the platform, the SOL stash is now subject to chapter 11 bankruptcy, and it will likely stay frozen until the liquidation process is complete. The on-chain analytics platform also clarifies that the SOL tokens in question are in locked stake, which means none of them can be sold in the open market as the coins are currently not in circulation.

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2022-11-30 13:11:02 Solana’s Top Crypto Wallet Looks to Ethereum, Polygon Next

Phantom, the leading crypto wallet in the Solana ecosystem, said Tuesday it will add support for assets on the Ethereum and Polygon blockchains, with the roll out beginning in about three months, according to a representative.

The self-custody wallet, which is built on closed-source code, will take aim at Ethereum ecosystem stalwarts such as Metamask, which is open source. Phantom’s likely bet is that its slick user interface will power it forward on the system, just as it did for Solana, where it says it has 3 million active users.

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2022-11-29 22:09:02 Solana ecosystem explodes by over 8M daily new NFTs

The growth of the Solana non-fungible tokens (NFTs) ecosystem could be pointing to a possible return to bullishness for SOL. The Solana NFT ecosystem has exploded in activity during 2022 despite a cross-crypto market price slump. Solana ecosystem has been set back by an over 59 percent price crash.

Crypto market intelligence platform Messari points out in its “State of Solana Q3 2022” report that the total number of daily new NFTs in the Solana ecosystem increased to over 8 million. This represented a 19.3 percent growth from Q2 which itself saw a 46.5 percent increase. The Q3 Solana NFT space activity also saw an approximately 8.5x increase from NFT.

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2022-11-28 18:50:05 SBF’s Alameda Research Holds 13.25% Solana Coins In Circulation

Cryptocurrency commenter Twitter account Altcoin Daily has posted on November 27 that Sam Bankman-Fried’s trading form, Alameda Research holds 13.25% Solana Coins currently in circulation. At the time of writing Solana is trading at USD $14.34, with potential for more loss due to the FTX’s invetsment into the project.

Solana has recently lost 50% in value as the Solana ecosystem collapse due to exposure to Sam Bankman-Fried’s bankrupt cryptocurrency exchange, FTX. Meanwhile, leading cryptocurrency exchange, Biannce announced it will be removing the trading pairs of Serum token, a project in partnership with FTX, Alameda Research, and Solana, in order to minimize the contagion spread by FTX.According to cryptocurrency influencer, BitBoy.

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