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).
Seeded Network is delighted to announce its first official partnership and integration with Waggle Network.
Waggle’s mission is to empower all retail investors through opportunities to...
SolarDust is a collectible NFT RPG game built on the Solana Blockchain.
There is an RPG battle experience in the meta world, where you mine, harvest, and fight other players. Once you have...
Sentre calls $SEN The Native Utility Token and The Heart Of its Ecosystem.
With $SEN as an optional presence in every pool available in SenSwap, they offer users the chance to get these...
The NFTYLabs team is thrilled to announce a partnership with The CryptoHogs Gang, a Community-driven NFT collection (4k art) project riding on the incredibly fast and cheap Solana...
Solanium is thrilled to have GooseFX as their upcoming IDO project! GooseFX is your premier destination for everything DeFI. They plan to offer stocks and...
Saber proudly announces the launch of the first xSOL/SOL pool on Solana in partnership with Synthetify!
Saber users can trade and deposit liquidity to earn trading fees now, and SBR rewards...
Aleph.im is a cross-blockchain decentralized storage, and computing network, proudly announces Orca, as its fourth decentralized indexing integration.
Orca is the easiest, fastest, and...
MonkeyBall is super excited and proud to announce they have completed a $3M in the initial round of funding, from Crypto’s leading VCs and founders, including Solana Capital, Republic,...
Squads Team is excited to announce the two versions of Squads are coming to mainnet and Devnet on November 9.
📌 Squads v0.1 mainnet beta
Squads v0.1 mainnet will act as a multi-governance...
Bonfida is excited to announce the launch of the new On-Chain Messaging Service that is now available on the Solana Name Service (SNS).
On-Chain messaging allows users to send encrypted...
DeltaFi, the world’s most efficient and user-friendly intelligent AMM design built for traders, market makers, and liquidity providers.
DeltaFi team are ready to make the ascent and push...
RiskSwap is delighted to announce the start of Solana-based perpetuals demo trading public testing.
The team has presented perpetual futures alpha on Solana’s Ignition Hackathon and...
A DeFi aggregator is a platform that leverages numerous decentralized exchanges (DEX) and performs various buying and selling strategies to assist users to maximize profits, as well as...
Friktion introduces an Automated Portfolio Manager (APM) into the DeFi ecosystem, offering both active and passive strategies, known as Volts.
The APM provides a set of profit...
Cropperbros Research will now support SonarWatch as investing partner. SonarWatch’s platform allows users to track their Yield Farming and Liquidity Pool performance on the Solana DeFi...
Saber is excited to announce the first Avalanche BTC pool on Solana with Allbridge! aaWBTC is Allbridge’s Avalanche Wrapped Bitcoin, and renBTC is BTC bridged directly from the Bitcoin...
LIQ Protocol is a leading on-chain liquidation protocol on the Solana network, is integrating Chainlink Price Feeds to upgrade the security, reliability, and precision of the oracle...
Allbridge announces a new bridge for Avalanche USDT. In collaboration with Saber, the leading cross-chain AMM for pegged assets on Solana, bringing even more stablecoin liquidity to the...