Tag: SOL

Wormhole Adds Binance Smart Chain Support to Network Bridge

Wormhole Adds Binance Smart Chain Support to Network Bridge

During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the token and NFT bridge platform. […]

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Crypto staking platform Stader Labs raises $4 million in seed funding

Crypto staking platform Stader Labs raises $4 million in seed funding

Stader Labs, an India-based crypto staking project, has raised $4 million in a seed funding round. The round was led by Pantera Capital, with participation from Coinbase Ventures, True Ventures, Jump Capital, Huobi Ventures, TerraForm Labs, Solana Foundation, Near Foundation, and others. Several angel investors, including Anchorage CEO Diogo Monica, Coinbase head of crypto Nemil […]

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Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for being hypocritical toward blockchains like […]

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Wormhole Releases Solana and Ethereum NFT Bridge — A Bi-Directional Highway for Blockchain Collectibles

Wormhole Releases Solana and Ethereum NFT Bridge — A Bi-Directional Highway for Blockchain Collectibles

Last Friday, blockchain project the Wormhole Network launched the protocol’s ethereum ↔ solana bridge which enables users to exchange assets from both networks in a cross-chain fashion. Five days later, the Wormhole Network team announced the launch of a non-fungible token (NFT) bridge for transferring NFTs between both blockchains. Wormhole Launches Ethereum ↔ Solana NFT […]

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Solana-based Grape protocol raises $1.2 million in seed funding

Solana-based Grape protocol raises $1.2 million in seed funding

Grape Network, a Solana-based “DAO infrastructure” protocol has raised $1.2 million in a seed funding round.  The round was led by Multicoin Capital, with participation from SkyVision Capital, Definitive Capital, LongHash Ventures, Double Peak Group, and Solana Capital. The seed funding round comes soon after Grape raised $600,000 via a so-called IDO (initial DEX offering) […]

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Solana-based DEX Orca raises $18 million from Three Arrows Capital and others

Solana-based DEX Orca raises $18 million from Three Arrows Capital and others

Orca, a Solana-based decentralized cryptocurrency exchange, has raised $18 million in a Series A funding round. Three Arrows Capital, Polychain Capital, Placeholder VC co-led the round, with Coinbase Ventures, Jump Capital, Sino Global Capital, Collab+Currency, DeFiance Capital, Zee Prime Capital, and Solana Capital also participating, among others. This was a token funding round, meaning Orca […]

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Breaking: VanEck Plans to Offer Solana ($SOL) ETF in Germany

VanEck, the global investment manager and ETF issuer has reportedly filed for a Solana ($SOL) ETF in Germany. This signifies the growing institutional interest in the relatively new cryptocurrency Solana, which has had a phenomenal past two months reaching new ATH and entering price discovery mode. The altcoin rose by nearly 7X from August rising […]

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Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to […]

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Wormhole Network Launches Ethereum Solana Bridge, Solana AMM Saber Surpasses $4 Billion TVL

Wormhole Network Launches Ethereum Solana Bridge, Solana AMM Saber Surpasses $4 Billion TVL

On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from Wormhole V1 to V2. Wormhole […]

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Solana Restarts Mainnet, SOL Users Complain, Dev Says Network Stall Not Similar to ETH in 2016

Solana Restarts Mainnet, SOL Users Complain, Dev Says Network Stall Not Similar to ETH in 2016

The blockchain network Solana had issues processing blocks on September 14 and according to a status report on September 15 at 2: 01 a.m. (EST), the Solana validator community “successfully completed a restart of Mainnet Beta.” Solana Validators Restart Mainnet Beta Solana is now a member of the club of blockchains that have stalled for […]

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