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).
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...
Skill Guilds, a platform that helps investors, games, and players find and join the best performing guilds has announced a partnership with Angelic, a Narrative Multiplayer Strategy RPG...
DROPP is the first-ever NFT minting platform to work with renowned artists enabled by geo-minting technology Introduces $DROPP: A New Age of Utility. Creating and rewarding long-term holders...
Crema Finance is the first concentrated liquidity protocol built on Solana that provides superior performance for both traders and LPs is thrilled to announce a strategic partnership with...
Honey Finance is thrilled to announce its cross-chain expansion, in partnership with Wormhole. Honey Finance integrates the Portal bridge for NFT cross-chain borrowing, lending, and...
Fulbo Galaxy officially announced that its Solana native token $FULBO will make its debut on SolanaPrime! The offering will take place shortly after the launch of their public demo in the...
Apes Planet is a play-to-earn Solana NFT Fighting Game with a civilization of 7,777 unique Ape Warriors created with 1000+ traits has announced integration with Chainlink Price...
DFlow, the first order flow markets protocol on Solana, has raised a $2M seed round co-led by Multicoin Capital and Framework Ventures, with participation from Cumberland (DRW), Parataxis...
IQ Protocol is delighted to welcome PocketPay Finance into its ecosystem! PocketPay is a multifaceted platform, bringing together a number of functions into a single mobile app.
PocketPay...
Coin98 has decided to multiply the use case of the C98 native token on Solana with Pyth Price Feed, a next-generation oracle specially designed to publish high-fidelity financial market data...
Nirvana is building a sustainable reserve currency for Solana will launch its $prANA token on Raydium Protocol AcceleRaytor Launchpad on April 5, 2022.
The AcceleRaytor launch will be for...