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).
Apricot Finance, a Solana-based DeFi service provider, is excited to announce the closing of a $4 million financing round.
Apricot Finance is grateful to have the support from outstanding...
MatrixETF is thrilled to announce they had finished the seed and private funding round.
The investors include Spark Digital Capital, CMS Holdings, Morningstar Ventures, Ascensive Assets,...
Cropper Finance is thrilled to announce its partnership with Halborn cybersecurity ahead of its token and farm launch for a full audit of its platform and continuous security advisory for...
Animoca Brands, a world-class leader in digital entertainment, blockchain, and gamification, joined Star Atlas in a partnership to Revolutionize the Future of Entertainment.
Through this...
Slope Finance has raised $2.3M in seed round backed by Alameda Research, Solana Capital, GSR, Rarestone Capital, Skyvision Venture, Fundamental Labs, NGC Ventures, Signum Capital, Ausvic...
HydraSwap gladly announces a strategic investment from early-stage blockchain and cryptocurrency investor Kyros Ventures.
The HydraSwap private fundraising round gets underway, Kyros joins...
Allbridge is delighted to unveil its latest partnership with Impossible Finance. Their unique project is aimed at redefining the entire launchpad experience for the DeFi ecosystem, and...
Unicrypt and Platinum joined forces to develop token-locking technology for Solana blockchain. This partnership will help them expand their range of decentralized finance services and...
Aleph.im, a cross-blockchain decentralized storage and computing network, is proud to announce the release of decentralized indexing for the high-performance Proof of Stake blockchain...
Port Finance is thrilled to work together with GRAPE Protocol to unveil an exciting new initiative that will increase participation within the Port Finance ecosystem and incentivize Solana...
Mercurial Fi gladly announces its strategic partnership with Serum to collaborate on key projects to improve the utility and liquidity for assets on Solana.
This partnership starts with...
Swim provides a simple way to transfer tokens across chains via multi-token liquidity pools and Solana’s Wormhole. No more delays, centralized bridges, or wrapped assets.
Swim’s goal...
Plutos Network is a Multi-chain DeFi synthetic hub, gladly announces its collaboration with Larix, the Lending Gateway of Solana. The two teams will work together to bring new values to...
Drift Labs is thrilled to announce a new brand that mirrors the team’s long-term vision of a lightning fast, decentralized derivatives protocol. Drift brings on-chain, cross-margined...
CropperFinance is delighted to count SkyVision Capital as one of its early investors. SVC is a renowned venture capital fund that invests in digital assets and crypto start-ups and will...
Sunny Aggregator is thrilled to announce they had been deployed to Solana Devnet.
To try Sunny, the composable yield aggregator on Solana, just visit the Sunny Devnet reference app at...
HydraSwap is delighted to welcome Momentum 6 to their list of Strategic Investors.
Momentum 6 is an investment and growth advisory firm focusing on the digital assets and blockchain...
Synchrony is an on-chain copy-trading and composable indexing protocol facilitated by a friendly Solana marketplace and explorer.
While some DeFi users want total control over their trading...