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).
Solend, the autonomous interest rate machine for lending on Solana, is thrilled to announce its partnership with Basis Markets, a decentralized liquidity pool owned by you, powered by a...
Onering, a multi-chain cross-stable yield optimizer platform, announced its Beta is officially live on Solana Foundation.
Introducing OneRing (Solana)
OneRing proudly announces that their...
Hedge, an interest-free, low minimal collateral ratio lending protocol on Solana, announced its integration with Chainlink Price Feeds on the Solana mainnet.
Integration HighLights
As...
Era Spheres, a play-to-earn game for hardcore gamers, announced a collaboration with SolanaPrime to hold its upcoming IDO on the SolanaPrime launchpad.
SolanaPrime and Era Spheres...
Zebec, a continuous settlement protocol built on Solana, announced its partnership with Trush, the future of finance that solves the lack of scalability and interoperability in the banking...
SolaDefy, a GameFi launchpad built on the Solana network, announced its strategic alliance with Ludufi, a world-first P2P blockchain gaming platform with trustless NFT lending and digital...
Bitliberte, a DAO-based ecosystem for FashionFi, that brings like-minded individuals closer, has announced its strategic partnership with The Ticket Finance.
Partnership Highlights
To...
PathDAO, a decentralized autonomous organization that creates value for investors and players, proudly announced its partnership with Genopets, the world’s first Free-to-Play, Move-to-Earn...
Solaunch, the first IDO platform with contagious marketing built on Solana, has formed a strategic alliance with Penguin Finance, A Liquidity-as-a-Service Platform, to boost the growth of...
Unlockd, the decentralized, cross-chain protocol that provides NFT liquidity while keeping ownership perks, announced its partnership with Wormhole, a generic message-passing protocol that...
Edensol, a Fantasy gaming Metaverse on the Solana blockchain, announced a partnership with ChainMyth, a gaming ecosystem.
Partnership Highlights
Edensol and ChainMyth partnership both value...
Pyth Network, which delivers real-time, on-chain, high-fidelity market data, announced its partnership with Serum and Burnt Finance to Launch NFT Collection.
Partnership Highlights
To begin...
Solaunch, the first contagious launchpad for DeFi, art, and games, announced its strategic cooperation with Bitliberte, a DAO-based ecosystem for FashionFi, bringing like-minded individuals...
Hubble Protocol, a DeFi and stablecoin project on Solana, announced its partnership with Lido Finance, an industry-leading multichain liquid staking protocol.
Partnership HighLights
This...
Genopets, the world’s first Free-to-Play, Move-to-Earn NFT mobile game on Solana, announced its Game Elements: GENE, KI & The Dual-Token System.
Genopets announced its Game Elements,...
Race Poker, a Web3 online poker platform on the Solana blockchain, leveraging decentralized technology, has announced its partnership with SolDoge, a next-gen meme coin with attitude,...
Friktion is thrilled to announce its collaboration with Paradigm, the leading institutional options liquidity network for traders.
Friktion believes that sustainable yields in the long term...
Zebec, a continuous Settlement Protocol built on Solana introduces ZAApps – A Fully Functional One-Stop App Store for DeFi Projects on Solana.
App Store for DeFi: The Next Step in...