Tag: Solana

The Weekly Crypto Recap: New Bitcoin ATH of $67K As ETFs Live

To say that last week was exciting would be a serious understatement. Bitcoin went on to chart a brand new all-time high at around $67K, we saw the approval of the first-ever futures BTC ETF in the US, a massive flash-crash on BinanceUS, and a correction towards $60K. Let’s dive in. Starting with Bitcoin. The […]

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Solana, Avalanche Price Analysis: October 22

Solana rewards patient holders as it climbs above $200 amid the mission for all-time highs at $215. Avalanche is on the way to $80; the uptrend has been bolstered by a break above a key descending trend line. Solana kept the uptrend unbroken on Thursday as Bitcoin and Ethereum slowed down and even pulled back. […]

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Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Solana – the fast-rising public blockchain platform – has reached an all-time high in TVL on its Defi protocols. This comes amidst a booming cryptocurrency market in which altcoins are beginning to reclaim market share. According to Defi Llama, the TVL in DeFi on Solana reached a new record of $12.7 billion earlier on October […]

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Solana-based asset management platform Synchrony raises $4.2 million

Solana-based asset management platform Synchrony raises $4.2 million

Synchrony Finance, a Solana-based asset management protocol, has raised $4.2 million in strategic funding. The funding was secured in two rounds — seed and private — and both were via Simple Agreement for Future Tokens (SAFT) sales, Synchrony co-founder Andrew Fraser told The Block. Investors in the rounds included Sanctor Capital, Wintermute Trading, GBV Capital, […]

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Solana-based play-to-earn NFT game MonkeyBall raises $3 million

Solana-based play-to-earn NFT game MonkeyBall raises $3 million

MonkeyBall, a crypto startup building a play-to-earn NFT game based on Solana, has raised $3 million in a seed funding round. The round saw participation from several investors, including Jump Capital, CMS Holdings, Solana Capital, 6th Man Ventures, and NFX, among others. Angel investors, including billionaire Shalom Meckenzie, one of the largest shareholders in sports-betting […]

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A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks later another $22 billion has […]

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Layer by Layer Issue 11: Solana, Binance Smart Chain, Terra, and Cosmos

Layer by Layer Issue 11: Solana, Binance Smart Chain, Terra, and Cosmos

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 As the crypto market approaches new all-time highs, incentive programs continue to prove effective, both for individual protocols and for ecosystems overall This […]

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Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell

Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell

Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion. Total Value Locked in Defi Jumps Over the […]

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FTX Launches Solana NFT Marketplace in the United States

The Solana NFT Marketplace has been officially launched, according to an Oct. 12 tweet from the FTX exchange. Any NFT pieces or collections on the new platform must be on the Solana blockchain; however, there are also plans to support Ethereum-based tokens, which are the industry standard. The FTX.US North American affiliate of the popular […]

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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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