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).
Lexy Finance proudly announces Xangle as their new partner to solve the overflowing amounts of information on the crypto landscape and to determine the quality of crypto projects.
Lexy...
The Solarians project was launched on 07 Apr 2021 with the 1st Solarian minted (https://solarians.click/view/1), and they are the first on-chain generative NFT on Solana.
Solarian robots...
Kolsana is a community NFT and DeFi project in the Solana ecosystem launching on September 12, 2021, at 11 pm UTC.
10,000 unique, cute, funny Koalas with proof of ownership in the Solana...
HydraSwap proudly announces the strategic integration of the Pyth Network into its DeFi cross-chain platform to feed high-fidelity market data to its smart contracts.
Through the Pyth...
Bancambios chooses Solana Blockchain to build its decentralized finance platform.
Bancambios DeFi is the first impact-driven DeFi platform on Solana powered by the launch of the BX...
Saber has partnered with Lido and Chorus One to create a stSOL/SOL pool, making staking on Solana liquid and accessible to all.
Lido Finance is the biggest decentralized liquid staking...
Burnt Finance launched its private early access to its Spark testnet, anyone can begin to mint new NFTs, participate in auctions, and make purchases with the lowest fees.
Spark will provide...
Everlend is thrilled to announce a strategic collaboration with Delphi Labs who will incubate Everlend and help with the long-term growth and success of its project.
Everlend is very excited...
Raydium proudly announces the upcoming launch of DropZone — an initiative by Raydium to promote the growth of NFTs on Solana while supporting project teams with the infrastructure needed...
SolRazr is the first decentralized developer ecosystem for Solana, has completed $1.5 million in its strategic funding round.
Led by Moonrock Capital, Ascensive Assets, and Morningstar...
Playground is excited to share more details about its first artwork on the platform, Waves.
Playground is a new experiential platform focused on generative works of art stored immutably...
Marinade, the first liquid staking protocol built on Solana, introduce $MNDE, Marinade’s Secret Sauce
Marinade Finance witnessed exciting growth:
⚡️ 870,000+ SOL staked,...
HydraSwap proudly announces its strategic investment from leading blockchain investor and incubator Titans Ventures.
Titans Ventures investment follows investments from leading crypto VCs,...
CRYOWAR is the real-time multiplayer PVP arena NFT game that was developed in Unreal Engine and on the Solana network.
⭐️ Cryowar
CRYOWAR is a real-time multiplayer PVP arena NFT game...
SolDate is built on the foundation of turning community involvement into a large force that supports the growth and development of the entire Blockchain space. They are excited to announce...
Leveraging the power of Solana NFTs and the Metaplex Protocol, Blockbeats are building a platform for unique music licensing and expansive web3 capabilities.
Whether you are a creator,...
Saber is excited to launch the first Polygon-bridged USDC liquidity pool in partnership with Allbridge.
Allbridge provides the bridging solution that makes this possible, connecting...
Fluidity is going to launch soon and is excited to share with the community the future of money. Money designed to be moved.
Each time you spend or trade a Fluid Asset, you gain the chance...