Solana News
What is Solana (SOL)?
Solana is a blockchain platform known for its speed and efficiency. Solana aims to provide a high-performance, low-latency platform for decentralized applications (dApps).
The project began in 2017 with the goal of creating a blockchain that can handle over 10,000 transactions per second. Solana has grown to become one of the largest cryptocurrencies in the world.
How does Solana SOL work?
The Solana project is intended to be the first of a new kind of blockchain. It was inspired by Bitcoin, Ethereum, and other blockchains, but it has been designed to be very different from them. The purpose of the project is not only to create a new cryptocurrency; its creators have also built an entirely new kind of blockchain.
What makes Solana unique?
Solana is a new blockchain protocol that uses proof of history, and a unique algorithm to validate transactions. Most blockchains use either a proof-of-work or proof-of-stake consensus mechanism, with proof-of-stake being the more efficient option. Solana uses a hybrid protocol that combines proof-of-stake with proof-of-history for even faster processing
One of the most exciting developments with Solana has been Solana Pay, a free-to-use payments framework. It allows merchants to accept payments directly from customers through the Solana network. Payments are made in stablecoins such as USD Coin which are designed to maintain a stable price.
Is Solana better than Ethereum?
While both Ethereum and Solana were created as open-source platforms that allow users to build and design their own applications, Solana boasts some benefits over Ethereum, including its ability to process transactions nearly instantly, at a fraction of the cost.
Is Solana a good investment?
Solana is a high-speed, low-cost, and secure blockchain that supports decentralized apps (dApps). The Solana blockchain is highly efficient and very stable, and it offers low transaction fees for users. These factors combine to give the coin potential as a good long-term investment as far as cryptocurrency goes. SOL is currently trading closer to its lows, potentially making it a good deal.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Credora, the Private Credit Oracle, announced its partnership with Cega, a decentralized exotic derivatives protocol that recently launched its mainnet on Solana.
Credora and Cega Form...
Soladefy, a GameFi launchpad built on the Solana network, announced its partnership with Dapp Play Store, first Dapp marketplace that connects to all web3 applications.
Dapp Play Store is...
RageEffect, the First AAA-graphics Play-and-Earn FPS game on Solana announced its partnership with Mones, a new generation MMORPG game on the BNB Chain.
This partnership of RageEffect with...
Synchrony, is a composable indexing protocol, DeFi explorer and asset management platform built on Solana is integrating Chainlink Price Feeds to Support AI-Powered Decentralized Asset...
Hxro Network, composable liquidity, risk, and margining primitive for derivatives built on Solana announced its integration with Convergence, an On-chain RFQ primitive for provisioning...
Port Finance, a non-custodial money market protocol on Solana, launches Hedge Innovation Zone, in partnership with Hedge Labs, a protocol that enables the minting of USH, a stablecoin...
Invariant, the First significant AMM DEX providing concentrated liquidity on Solana announced its collaboration with Hubble Protocol, a decentralized finance and stablecoin project on...
MonkeyLeague, the Web3 Esports Gaming on Solana, announced its strategic partnership with BAYZ, a web3 gaming powerhouse in Brazil.
MonkeyLeague proudly announces its strategic...
Everlend Finance, a decentralized, meta lending protocol with an in-built money market and yield/loan aggregator, built on Solana, announced that their smart contracts have been completely...
Notifi, embed notifications and messaging into decentralized applications, announced its integration with Sharky.fi, first Escrow-less NFT lending protocol.
Notifi Network is pleased to...
Amulet is building a vision of simple, reliable insurance for everyone in Web3, and announced its official partnership with Delta One, the one-click shop for delta-neutral, sustainable yield...
Rage Effect, the First AAA graphics Play-and-Earn FPS game on Solana, announced its partnership with ChainPlay, a one-stop Hub for Blockchain Gaming and NFT Gamers.
Partnership...
Legends of Aria has decided that the future of its MMORPG will be a multi-chained.
Legends of Aria is a fully-developed MMORPG that is in the process of moving on-chain. And brings you back...
Wordcel, a blogging platform on Solana that uses Arweave to store content, announced its integration with Bundlr Network, a reliable multichain solution for Arweave.
Wordcel announced its...
Solaunch, the first contagious launchpad for DeFi, art and games, has announced its partnership with Parrot, a Liquidity Network for lending and borrowing, built on Solana.
Introduction to...
Streamflow, a token distribution platform, announced its partnership with Nosana, the first decentralized computation platform powered by the Solana Network, and fueled by the NOS...
Amulet, a decentralized insurance protocol built for the Rust-based ecosystem, announced its official partnership with Tulip Protocol, the first yield aggregation platform, built...
Apricot, a next-gen lending protocol that supports leveraged yield farming on Solana announced its integration with OneRing Finance, a multi-chain cross-stable yield optimizer...