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).
Streamflow, a token distribution platform, announced its partnership with Nosana, the first decentralized computation platform powered by the Solana Network, and fueled by the NOS...
Amulet, a decentralized insurance protocol built for the Rust-based ecosystem, announced its official partnership with Tulip Protocol, the first yield aggregation platform, built...
Apricot, a next-gen lending protocol that supports leveraged yield farming on Solana announced its integration with OneRing Finance, a multi-chain cross-stable yield optimizer...
Hubble Protocol, a DeFi and stablecoin project announced its partnership with MonkeDAO, the first NFT DAO on Solana.
Partnership Highlights
The partnership is to bring value to daoSOL...
Slope Finance is building the World’s Best Mobile Decentralized Exchange and Wallet announced a partnership with Dialect and has launched Web3 Wallet Messaging.
Slope Finance understands...
SolanaPrime, a Solana-powered, fully decentralized IDO launchpad platform, announced to host IDO for the launching of $GIG, the token native to the GIGCO platform.
SolanaPrime is excited to...
Edensol, a fantasy gaming metaverse that combines fun-packed action with P2E features and the use of collectible NFTs on the Solana blockchain, announced its upcoming sale on MagicEden, the...
Notifi, a messaging infrastructure for dApps to engage with their users in Web3, announced its integration with Zebec, a Multisig Treasury Management and Streaming Payments built...
GameSol, an online multiplayer Robot war game based on the Solana blockchain, announced its strategic partnership with Stream Money, building PlugNPlay Utility transfer protocol for NFT,...
Allbridge, a DAO-style multi-chain hub, announced that Kudelski Security, a cybersecurity solutions provider had completed the Allbridge audit!
Allbridge proudly shares that Kudelski...
The first-ever incubator, and Launchpad Powered by NFTs and Token utility VispX has announced its launchpad partnership with Bloomverse, the first platform of its kind, a metaverse by gamers...
Raydium, an on-chain order book AMM powering the evolution of DeFi, is thrilled to announce its further action toward decentralized, ecosystem-wide liquidity on Solana: Ecosystem...
Soladefy, a GameFi launchpad built on the Solana network, announced its strategic alliance with BAGG (Battle Arena Gaming Guild), bridging GameFi and SocialFi with Esports.
BAGG has...
Amulet, a decentralized insurance protocol built for the Rust-based ecosystem, announced its official partnership with Port Finance, a suite of money market products built on Solana.
Amulet...
MonkeyLeague, the Web3 Esports Gaming on Solana, announced its partnership with Hooga Gaming, a Play-to-Earn collective created by those who believe in a shared economy free from...
GamerHub, a Multichain Crypto Game Aggregator, announced its strategic partnership with MoonXBT, a Certik-certified first social cryptocurrency trading platform.
This strategic partnership...
OLA GG announced its partnership with Genopets, the world’s first Free-to-Play, Move-to-Earn NFT mobile game on Solana.
Genopets is the world’s first Free-to-Play, Move-to-Earn NFT...
marginfi, a decentralized portfolio margining protocol for trading on Solana, announced its partnership with Wordcel, and will be using Wordcel Club as an archive for all their long-form...