https://t.me/Solana_Updates

2022-05-03 13:20:03 Solana Shuts Down After Bots Spam NFT Transactions

Solana, a cryptocurrency in the top 10, recently shut down for a 7-hour period on Saturday after bots spammed the network with "Candy Machine" NFT microtransactions. This is not the first time the network has experienced this fate, like in September, when their team admitted that a denial of service attack (DOS) halted the network.

Phantom, Solana's biggest DeFi wallet, released a statement saying that the network was unusable, and account balances may not even show up.The Solana team seems to be prioritizing transactions per second as opposed to network decentralization. High network fees have plagued smart contract blockchains like Ethereum for a long time, but Solana's micro-fees allow bots and hackers to effortlessly congest the network with malicious transactions.

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2022-05-02 14:31:02 Crypto community projects over 40% upside for Solana by May 31, 2022

Solana (SOL), a blockchain platform for hosting decentralized apps (dApps) and presently the sixth-ranked cryptocurrency in terms of market value, has had a rocky start to the new year.Overall, votes from 3,074 members of the CoinMarketCap community were taken into consideration to arrive at the final price estimate.

Despite the fact that the DeFi asset is still a long way from the all-time highs it reached in 2021, the cryptocurrency community at CoinMarketCap is expressing a great deal of confidence for the price of the token, predicting that Solana will trade at $131.79 by the end of May 2022. The projected price reflects a 40.15% or $37.76 increase over the product’s existing price, at the time of publication.

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2022-05-01 18:34:02 Solana Is Coming For Ethereum’s Crown As NFT Project Hits New Record

Solana is gunning for Ethereum’s crown as the battle for supremacy among smart contract platforms rages on. Even though Ethereum continues to lead the pack in this regard, it has not discouraged others who have been rapidly growing to steal market share from it.

Solana has no doubt been the most powerful of these contenders, especially with the growth of its NFTs space.These NFTs have been doing quite well on the network, attracting millions of new users to the Solana blockchain. Ethereum remains ahead in terms of volume but it seems this may not be for much longer as some Solana NFT projects have been breaking records.

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2022-05-01 10:12:29 Sphere Finance is a project dedicated to acquiring governance, farming liquidity and incubating projects that generate deep liquidity with the aim of taking over projects all over Polygon, and later other chains. It yields profits and sends them out in the form of $SPHERE tokens.

It is going to come out with a V2 contract soon. If you think you're late to the hype train, think again! They will make the APY sustainable, earn even more governance while also making the market whale proof. No whales are going to manipulate this. So far, they've also incubated 3 projects and have a huge share in them! Join the S&P 500 of Crypto now!

Telegram: https://t.me/SphereDeFi
Discord: https://discord.gg/w5BxKy7tJX
Twitter: https://twitter.com/SphereDeFi
Website: https://sphere.finance/ Open / Comment

2022-04-30 08:21:02 Seven infrastructure firms add support for Pyth oracle network on Solana

Seven blockchain infrastructure companies have added support for Pyth Network, an oracle service on the Solana blockchain. These include Everstake, P2P, Syndica, Figment, Triton, Coinbase Cloud, and Blockdaemon.

According to a media statement from Pyth Data Association, a Swiss association managing the project, these companies will support Pyth’s data providers and assist them in maintain their node infrastructure. Pyth Network's oracle solution aggregates off-chain data needed by applications such as those in the decentralized finance sector.These data publishers give accurate information for DeFi applications on Solana that hold over $6.5 billion in total locked assets.

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2022-04-29 17:23:02 Nifty News: Solana NFT Okay Bears tops charts, South African wine NFTs rake it in and more

Okay Bears, a Solana-powered NFT topped OpenSea’s 24-hour sales charts on Thursday, while a South African fine-wine NFT auction takes off netting raising more than $180,000.The Solana network has been gaining traction as a contender in the Ethereum-dominated NFT market. As of Thursday, it is the second most active blockchain by NFT sales volume over the last 24 hours.

Okay Bears, a Solana (SOL)-powered nonfungible token (NFT), managed to top OpenSea’s 24-hour sales tracker for the first time earlier on Thursday, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana NFT project has reached the top spot in thpopular NFT marketplace OpenSea’s 24-hour sales tracker.The Solana-based NFT, which features a collection of 10,000 diverse images of bears, told its Twitter followers it had sold out its collection only a day after its launch.

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2022-04-28 14:39:02 Crypto Lender Becomes First Credit Shop to Expand on Solana

Maple’s product primarily targets institutional lenders, including individuals, aiming to allocate otherwise “idle” capital to a “diversified” liquidity pool, according to a statement Monday. The protocol also said it has become the only multichain capital markets solution in the industry.

Following its recent, fast expansion onto the Ethereum blockchain, Maple said it was hoping to capture a portion of the “massive financing needs” of the Solana ecosystem. Mounting ether gas fees (fees to power network transactions), as well as Solana’s high number of big-money investors, have helped drive Maple’s expansion to seek alternatives, it said.

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2022-04-27 19:07:02 PeckShield Detects Phishing Sites Impersonating Solana-based Web3 App

PeckShield has detected a slew of phishing websites impersonating Solana-based Web3 lifestyle app, Stepn.The Web3 landscape appears ripe for cybercriminals as they continue to either craft new technical attacks or replicate phishing techniques of the past to dupe victims.

While Web3 promises enhanced security in the form of blockchain-based architecture, malicious entities are translating old threats into the new space. Web2-style attacks such as phishing campaigns continue to pose a threat.In the latest development, the prominent Blockchain analytics company, PeckShield revealed detecting a slew of phishing websites impersonating – Stepn – which happens to be a Solana-based Web3 lifestyle app.It is a fitness app enabling users to access in-game features. This includes – minting virtual sneakers, upgrading “gems,” and participating in governance voting.

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2022-04-27 17:07:03 FINAL DROP IS LIVE

3D PUBLIC MINT IS LIVE! Last chance to mint 3D Sol Kitties!
Get on Magic Eden Launchpad now!
April 27th - 15:00 UTC


Sol Kitties is a prime quality and innovative Solana NFT project that was sold out in 55 seconds. Driven by the community and backed by agile industry professionals, Sol Kitties, has been in development with the purpose of delivering steadily growing returns to investors through multiple channels.

Hurry up: https://discord.gg/4xEbdJqDZs Open / Comment

2022-04-26 19:10:39 The Franklins nft is here to bring back our Childhood memories !
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To join, just go on discord and say hi, all the Franklins are cool

Discord.gg/thefranklinsnft
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