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).
Zebec, a Multisig Treasury Management and Streaming Payments built on Solana, announced a partnership with Banksea Finance, an NFT Price Discovery Protocol and Pool-based Lending...
Meta2150s is a multi-chain platform for GameFi and NFT that integrates LandFi, marketplace, NFT staking, and DAO structure, announced its partnership with 0xgen, the ultimate-liquidity...
Cricket Star Manager, a Play-to-Earn mobile-first cricket manager game, announced its partnership with Streamflow, a token distribution platform.
Partnership Highlights
Streamflow is pleased...
Only1, an NFT-powered social platform where users earn, launch memberpass NFTs and post exclusive content for your fans, has integrated Chainlink Price Feeds on Solana mainnet.
Integration...
Amulet Protocol announced its long-term partnership with Francium, a DeFi Yield Strategy platform built on Solana, to collaborate on protecting web3 user assets.
Long-Term...
Nosana, the first decentralized computation platform powered by the Solana Network, and fueled by the NOS token, announced its partnership with WEYU.
Partnership HighLights
Nosana...
Streamflow announced its partnership with Phantasia Sports, the Future of Fantasy Sports built on the Solana blockchain.
Partnership HighLights
Streamflow announced a partnership with...
Streamflow, a token distribution platform, announced its partnership with Compendium Finance, a compendium of useful tools to help make life in the crypto markets and metaverse...
Port Finance, a suite of money market products built on Solana, announced its latest integration with Notifi, a messaging infrastructure for dApps to engage with their users in...
Swim Protocol, a multi-chain AMM for native assets designed to make bridging easy, announced its strategic partnership with Ratio Finance, a Solana-native DeFi application for...
Cega, a decentralized exotic derivatives protocol, announced its Mainnet Launch on Solana, a decentralized blockchain built to enable scalable, user-friendly apps for the world.
The...
Socialogue, the social NFT marketplace, announced its collaboration with Trush, the first scalable DeFi banking protocol with the most user-friendly U.I. on the Solana ecosystem by evolving...
Magic Eden, a fast-growing Solana NFT marketplace, announced a partnership with Phantom, the leading crypto wallet provider, to create enhanced browser and mobile experiences for NFT lovers...
PsyDO, developing a decentralized ecosystem of financial products introduces a new and improved version of PsyFinance Vaults V2.
PsyDO Introduces PsyFinance V2 which made a ton of...
StreamFlow announced its partnership with Tulip Protocol, the first yield aggregation platform, built on Solana with auto-compounding vault strategies.
This partnership with Tulip Protocol...
Agoraverse, the Shopping center Metaverse on Solana, has announced its integration with Neko Wallet, a non-custodial multi-chain wallet exclusively designed for NFT degens and Web3...
Hubble Protocol, a decentralized finance and stablecoin project on Solana, announced its integration with Notifi, embedded notifications and messaging into your decentralized...
Kreechures, the 1st NFT project and play-to-earn game on the Solana blockchain, announced its integration with Neko Wallet, a non-custodial multi-chain wallet exclusively designed for NFT...