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).
IQ Protocol a decentralized money market for digital asset renting and on-chain subscriptions, announced its partnership with MetaMerge.
This partnership of IQ Protocol with MetaMerge will...
The Orca Whirlpools’ public launch has arrived and is now open to the entire Solana ecosystem with seven new Whirlpools!
Following the success of the Closed Beta, Whirlpools will now...
Maple has officially launched on Solana, with $45M to fund ecosystem growth provided by X-Margin, Circle, Coinshares, and Solana natives.
Maple is officially launched on Solana and has begun...
IQ Protocol announced its partnership with Nekoverse, a Play-to-Earn MMORPG in development on Solana.
Nekoverse is a Play-to-Earn Massive Multiplayer Online Role-playing Game (MMORPG) built...
Crema Finance announces its partnership with Lido Finance, an industry-leading multichain liquid staking protocol.
Lido Finance is building a high-performance validator set on multiple...
Atrix Protocol for automated orderbook liquidity provisioning strategies built on Solana and the Serum protocol introduces the Atrix Launchpad.
The Atrix Launchpad will enable projects to...
Dragon War announced that its INO launchpad will launch on Magic Eden, to bring exclusive NFTs to mass buyers!
The cooperation with Magic Eden will improve the values of non-fungible tokens...
SolanaPrime announced a collaboration and formed a strategic partnership with Generous Robots, a Solana NFT Collection of 5555 randomly generated robots.
SolanaPrime and Generous Robots are...
Squads announced its integration with Katana, the premier protocol for structured products and automated vault strategies on Solana.
With the support of Katana, Squads users will be able...
Larix, the first Metaverse-based Finance Protocol on Solana introduces Bonfida as its first lending pool.
Larix’s vision is to anchor itself within the development of the Solana...
MonkeyLeague is the next-gen esports game on the metaverse that enables players to Create, Play, Compete, and Earn announced its partnership with Rainmaker Games, a free global gaming...
Mango has successfully been integrated into Solrise Finance and is live on Solana mainnet! Fund managers are now able to go long and short on a growing list of assets using an intuitive...
Tiny Colony is an expansive pixelated ecosystem on the Solana Blockchain announced its upcoming Tiny Colony Character mint on Fractal Marketplace on Apr 28th at 3pm PST.
Character NFTs play...
Umbrella Network is delighted to announce its partnership with VERA — a Solana-based project that has built VERA Currency – A timeless store of value representing all assets weighted...
Viraverse earns real rewards for community building, built on Solana formally presenting the Viravault.
The Viraverse allows token creators to reward users for completing community-building...
Atrix is a protocol for automated orderbook liquidity provisioning strategies built on the Solana blockchain and the Serum protocol.
Atrix has seen massive adoption of Automated Market...
StarAtlas is a next-gen gaming metaverse built on Solana and uses Figment DataHub for its Web3 infrastructure and analytics.
Star Atlas, a blockchain-based metaverse gaming experience,...
Alf Protocol is a capital deployment protocol on Solana that enables liquidity provision and yield farming, both with and without a margin of up to 200, has collaborated with Soldex, a...