Category: Solana

Layer by Layer Issue 17: Fantom, Solana, Harmony, and NEAR

Layer by Layer Issue 17: Fantom, Solana, Harmony, and NEAR

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Blockchain ecosystems are now emerging faster than ever with the help of EVM, bridges, and incentives Growing L1 networks continue to face unexpected […]

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Cardano surpasses Ethereum in transaction volume, ADA shoots up 13% – here’s why

Cardano (ADA) has surged 13 percent in the day and surpassed Ethereum in terms of transaction volume. Investors highly anticipate the launch of SundaeSwap DEX this Thursday, along with the developments following it. Cardano (ADA) is the current highlight of the crypto space following recent achievements and expected developments. ADA has gained over 13 percent […]

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Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin

Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin

The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below Global Average According to the […]

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Bank of America: Solana Could Become The Visa of Crypto

Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the […]

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$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks

$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks

This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales. NFT Monthly […]

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Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL […]

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Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network

Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network

Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several […]

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JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues

JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues

A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this […]

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Serum community foundation raises $75 million in token sale from Tiger Global and others

Serum community foundation raises $75 million in token sale from Tiger Global and others

The Incentive Ecosystem Foundation, a community-led foundation of Project Serum, has raised $75 million in a new funding round. Serum is a Solana-based decentralized exchange and liquidity infrastructure platform. Tiger Global, Commonwealth Asset Management, Tagus Capital, executives at Golden Tree Asset Management, and several other investors participated in the round. This was a token funding […]

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Terra to Deploy $139 Million in DeFi Projects to Enhance UST Use Cases

Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant […]

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