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).
Credix, a next-generation credit ecosystem, raises $11.25M in a Series A round led by Motive Partners and ParaFi Capital.
Credix raises $11.25M in a Series A round, the next major step in...
Secretum, a revolutionary secure messaging and trading app, announced its partnership with HolyGrail Markets.
Secretum is thrilled to announce its partnership with HolyGrail Markets, the...
Nebula Wallet, the all-in-one multichain NFT wallet, built by Solarsoft, announced its integration with Chainlink Price Feeds on Ethereum and Solana mainnet.
Nebula Wallet, one of the...
MathWallet, the multichain wallet for web3, announced its integration with WalletConnect v2.0 to help its users unlock multichain experiences using just their wallet.
MathWallet launches...
Kamino Finance is Solana’s ultimate liquidity destination, built on DEXs operating concentrated liquidity market makers.
Kamino Finance is on a mission to become Solana’s ultimate...
Friktion is Solana’s leading portfolio management platform, announced its partnership with Fireblocks, an all-in-one platform for building your digital asset business.
Friktion announced...
SolaDefy, the pioneering Play-to-Earn IDO launchpad and ecosystem, announced its partnership with Animal Reckless Party Club.
Animal Reckless Party Club is a collection of 7777 turtles...
DeQuest, the first multi-chain and cross-metaverse GameFi platform announced its partnership with ev.io.
The most played game on Solana, ev.io is delighted to announce its partnership with...
SolanaFM, a user-focused Solana blockchain explorer for simplifying transaction information, and reducing the complexity of money flow visualizations, raises $4.5M in a Strategic Seed...
Arb Protocol, an automated arbitrage vaults earning yield across the Solana ecosystem announced its partnership with Zebec for Multisig Treasury Management.
Zebec has officially announced...
Hedge, an interest-free, low minimal collateral ratio lending protocol on Solana, announced its partnership with Snowflake.
Hedge is thrilled to announce its partnership with Snowflake, a...
Ratio Finance, a Collateralized Debt Position protocol on Solana, uses Socean Streams to purchase its own liquidity.
Ratio Finance uses Socean Streams for its governance. It is a protocol...
Sentre, is the First Solana All-in-one Open Platform with DApps Store and Universal Protocol for Liquidity, introduces Sen Store – The DApp Store for All Things Solana!
Sen...
Everlend Finance, a decentralized, meta lending protocol with an in-built money market and yield/loan aggregator, built on Solana, raises $2.6 Million in a Strategic Round.
Lending...
A Multisig Treasury Management and Streaming Payments built on Solana, Zebec, announced its official partnership with Hawksight, one of Solana’s fastest-growing DeFi yield strategy...
xHashtag, a Web3 Credentials for Future of Work, announced that they launching Soul Bound Tokens (SBTs) on Solana.
xHashtag is proud to announce that they officially launching Soul Bound...
Zebec, a Multisig Treasury Management and Streaming Payments has officially announced its partnership with Aver Exchange, the fully decentralized, peer-to-peer, orderbook-based prediction...
Canoe Finance, previously MetaDEX, is a simple MetaFi integration with an upgradable SDK, has announced its integration with ALL.ART, empowers all artists to succeed in the realm of...