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).
Juiced Protocol is a basis yield farm, built on Solana and Serum has introduced its very own token $ZEST!
Juiced is an interest-rate arbitrage pool that uses delta neutral positions to...
Legends of Elumia, a Play-to-Earn, Massively Multiplayer Online RPG on Solana, playable on PC and mobile announced it has completed funding rounds led by Alameda Research and Animoca Brands...
Compendium Finance is a compendium of useful tools and gadgets to help make life in the crypto markets, metaverse, and Web3 simpler is thrilled to announce its strategic partnership with...
StarLaunch is delighted to announce the upcoming public sale of Legends of Elumia, a Play-to-Earn, Massively Multiplayer Online RPG (MMORPG) playable on PC and mobile.
The whitelist sale...
Project Serum, a liquidity infrastructure protocol for DeFi protocols built on the Solana blockchain proudly announced the release of its Serum Surfers as a collection on Burnt Finance’s...
Umbrella Network announced the launch of its Layer-2 decentralized oracle solution on the Solana blockchain.
Developers now from the fastest growing blockchain ecosystem can leverage...
Phantasia is a Fantasy Sports platform that leverages blockchain technology, bringing the benefits of the blockchain to the end-users has introduced Paid Contests + Staking on...
Coherence Finance is a DeFi platform for buying, selling, and creating crypto ETFs built on Solana, announced integration with Chainlink Price Feeds on Solana.
By integrating the...
Dropp is excited to announce that Spartan Group, a digital asset venture capital, hedge fund, and investment banking advisory has joined DROPP LAND!
Spartan Group is a blockchain advisory...
Campus Legends announced an investment from Solana Ventures, the fastest blockchain in the world and the fastest-growing ecosystem in crypto.
Campus Legends becomes the only officially...
Orca, the most user-friendly decentralized exchange on Solana introduces a new Aquafarm Rotation: Whirlpools Edition.
The Whirlpools Beta continues for another fortnight with two new...
StrataProtocol is an open-source protocol to launch tokens around a person, project, idea, or collective on Solana has raised a $1.5 million strategic round for the first permissionless...
NeoNomad Finance, an all-in-one DeFi ecosystem that includes a decentralized exchange, payments services, and an NFT marketplace, is integrating Chainlink Price Feeds on Solana mainnet.
By...
PsyFinance and Serum have teamed up to launch an SRM Covered Call Vault on PsyFinance’s new v2 vault architecture!
Not only does the new vault give SRM holders an additional way to...
Crema Finance, 1st Concentrated Liquidity Protocol on Solana is delighted to announce its exciting strategic partnership with iZUMi Finance, a pioneering platform that focuses on...
SolanaSail has joined the Penguin Bond Family, and they will be going on a new adventure with SolanaSail to collect Protocol Owned Liquidity via bonding/staking!
Penguin will work with...
Aleph.im, an open-source cross-chain decentralized cloud project finishes its roadmap for Q1 with its Load Balancers going live on the network!
Aleph.im, introduces its load balancers for...
Solanium, a decentralized fundraising and trading platform on the Solana blockchain just turned 1 year old and they thought it is a good time to provide their community with an update about...