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).
Saber is proud to announce the second of the Solend cToken pools, cSOL/cmSOL!
Saber is excited to work with Solend on increasing access to yield-bearing assets for users across...
Metapreme aspires to be a one-stop-shop gaming launchpad and gaming aggregator, enabling the community to access the latest and highest quality GameFi and Metaverse projects on the...
Plutos Network has partnered with myMessage, a leading SocialFi, and Web3 project in terms of technical integration, staking services, and more!
Plutos Network will soon launch its V3...
Allbridge is excited to announce that a new handy feature will be available to its bridge users. Allbridge are finally launching bridge Analytics — the tool that gathers all the data in...
Saber is proud to announce the first of the Solend cToken pools, cUSDC/cUSDT!
Saber is excited to work with Solend on increasing access to yield-bearing assets for users across...
YGG SEA announced that it has invested in Dappie Gang NFT, a unique GameFi character with DeFi utilities in Dappio Wonderland.
Dappie Gang is the NFT subsidiary project of Dappio...
Friktion is proud to welcome Channel to their team to accelerate the next stage of its development.
Friktion focus has always been to bring full-stack portfolio management into DeFi....
Atrix Protocol is proud to be strategically partnered with PsyOptions, which is decentralizing the PSY token and providing liquidity to Serum via Atrix.
Users can now stake their PSY-USDC...
LTO Network is investing in a partnership with Dutch metaverse, and decentralized gaming experts Your Open Metaverse (YOM).
YOM’s team will collaborate with LTO Network to deliver a number...
Cega is building the next evolution in decentralized finance derivatives.
Cega are the first protocol focused purely on exotic derivatives, a class of options products that combine basic...
DROPP is proud to announce its newest partner, Genopets, the world’s first Move-to-Earn NFT Game.
Dropp looks forward to welcoming players of the Genoverse into its ecosystem and...
Allbridge is thrilled to announce the integration of native NEAR Protocol!
Allbridge become the first bridge to connect NEAR Protocol with Terra, Solana, and Celo ecosystems, enabling...
Allbridge is bringing more unique assets to Solana and is proud to announce its collaboration with Orca following the success of the AVAX launch. Orca has built a DEX with the most...
Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data point launches Non-Ethereum Virtual Machine (EVM) Support with Solana...
Saber proudly announces the first Soluna pool, solUST-UST (Wormhole) is now live!
Soluna, a cross-chain protocol to access stable, high yields on Anchor assets from Solana.
The protocol...
Allbridge is excited to announce the upcoming integration with Stacks — an open-source blockchain network that leverages the security and capital of Bitcoin for decentralized apps and...
Crema Finance announces a strategic partnership with Port Finance, the first non-custodial lending protocol on Solana. Under this partnership, both parties will cooperate actively on...
Burnt Finance is excited to announce a partnership with Bonfida to help any Solana user to ‘verify’ their Twitter handles permissionless.
‘Verification’ doesn’t...