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).
UXD Protocol proudly announces they have raised $3 million in a seed round led by Multicoin Capital with participation from Alameda Research, Defiance Capital, CMS Holdings, Solana...
GooseFX is delighted to announce to the community their project movement over the last month, including an updated roadmap, development updates, and its code audit.
Development Update
The...
Saber is thrilled to announce an integration and partnership with Switchboard, a community-curated oracle ecosystem on Solana.
Switchboard’s goal is to enable censorship-resistant access...
Evan Luthra joins Soldex as Lead Advisor and Investor. He has been in crypto since 2014 and early discoverer in Eaze.com (Fastest growing on-demand Tech company in 2016) and Wheelys Cafe...
Bonfida is delighted to announce its latest partnership with 3Commas.io, a leading non-custodial Order Management System (OMS) and incubator for DeCommas, which will provide a plethora of...
Pyth Network is thrilled to welcome Jane Street, a premier and dynamic market-making firm.
In order to rewire the current financial infrastructure in a way that is not only faster and more...
Allbridge gladly announces its new partnership with Hedget, a decentralized options trading platform.
With Ethereum/BSC bridge for Hedget’s token, users on multiple chains can hedge the...
Project SEED is thrilled to announce the launch of its brand new play-to-earn website today, after a period of hard work and dedication.
The brand new website provides players, partners, and...
Serum joined by Barrett from the off-piste team is a decentralized pre-IPO synthetic derivatives protocol leveraging Serum’s DEX. Barrett shares his pertinent insights into price...
CoreStarter has integrated across different blockchains for more interoperability. It has maximized blockchains such as Ethereum, Solana, Binance Smart Chain, PolkaDot, and Cardano. Its...
Allbridge proudly announces its partnership with QiDao, Polygon’s first native stablecoin protocol. Using their expertise as a multi-chain token bridge they are going to expand access to...
Sypool Protocol gladly announces its collaboration with Define to launch NFT PLUS, an interesting and special NFT product.
NFT PLUS!
Sypool is partnering with Social NFT Platform DeFine to...
All-Art introduces SolSea, the first open NFT marketplace on Solana, with integrated minting, NFTs with embedded licenses, FTX-Pay support, Rarity index, and many more features.
The Solana...
Everlend is thrilled to announce that they will focus and persevere into building a yield aggregator for all money markets built on Solana.
Their team is determined to make Everlend the...
Allbridge proudly introduces KingDeFi, the first AI Multi Chain Yield Aggregator, as their new partner.
Allbridge will bridge their token KROWN between the supported EVM blockchains and...
SupraOracles is proud to join forces with Allbridge in expanding the decentralized finance (DeFi) ecosystem.
Allbridge has built a modular and expandable token bridge that will ultimately...
Symmetry Swap overview and comparison with other decentralized exchanges, and provide some information about its current state and future updates.
DEX Comparison
Swap Fee...
Parami Protocol announced its new strategic partnership with 1Sol to explore community growth and DAO governance.
1Sol Protocol will cooperate with Parami on its liquidity mining mechanism...