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).
Mercurial Fi gladly announces its strategic partnership with Serum to collaborate on key projects to improve the utility and liquidity for assets on Solana.
This partnership starts with...
Swim provides a simple way to transfer tokens across chains via multi-token liquidity pools and Solana’s Wormhole. No more delays, centralized bridges, or wrapped assets.
Swim’s goal...
Plutos Network is a Multi-chain DeFi synthetic hub, gladly announces its collaboration with Larix, the Lending Gateway of Solana. The two teams will work together to bring new values to...
Drift Labs is thrilled to announce a new brand that mirrors the team’s long-term vision of a lightning fast, decentralized derivatives protocol. Drift brings on-chain, cross-margined...
CropperFinance is delighted to count SkyVision Capital as one of its early investors. SVC is a renowned venture capital fund that invests in digital assets and crypto start-ups and will...
Sunny Aggregator is thrilled to announce they had been deployed to Solana Devnet.
To try Sunny, the composable yield aggregator on Solana, just visit the Sunny Devnet reference app at...
HydraSwap is delighted to welcome Momentum 6 to their list of Strategic Investors.
Momentum 6 is an investment and growth advisory firm focusing on the digital assets and blockchain...
Synchrony is an on-chain copy-trading and composable indexing protocol facilitated by a friendly Solana marketplace and explorer.
While some DeFi users want total control over their trading...
Mango Markets has integrated with Investin, a decentralized fund management protocol, live on Solana and Binance Smart Chain.
Investin is a decentralized fund management protocol that...
QuickNode Archival Nodes arrives on Solana, to provide full access to all historical data going back to the original genesis block.
QuickNode Archive Nodes combine the full nodes that...
PARSIQ is thrilled to announce its newest partnership with Solster, one of the first launchpads to be created on the Solana blockchain.
What is Solster?
Solster is an ecosystem built...
Solbridge changed its name to Allbridge to reflect its current standing better and to consider its major goal to be the global interoperability between chains.
Their unique expertise...
PolkaCipher is delighted to announce its partnership with Plutos Network, which is a cross-chain synthetic issuance & derivative trading platform. This collaboration will allow both...
Burnt Finance proudly announces that they will be joining the DeFi Alliance, an organization that is committed to advancing the broader DeFi ecosystem, as 11th acceptance for Accelerator...
Solend is now live on Solana mainnet at solend.fi. You can lend and borrow in the blink of an eye! Solend has markets for SOL, USDC, ETH, and BTC.
Deposit Limits
There’s an initial...
HydraSwap introduces several new rule Based Order Type that will enable traders to achieve greater automation and improved price slippage while executing trades.
⇒IF-DONE Orders:
Rule...
Swanlana is a decentralized, Exchange, an NFT Marketplace, mixing social media built on Solana blockchain. $SWAN, Swanlana offers fans a unique way of connecting with the creator they love....
After the launch into the Solana ecosystem, here is a brief analysis of what happened and what is to come on Port Finance.
Port Finance would like to thank everyone who participated in the...