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Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week.According to CoinShares’ Aug. 23 Digital Asset Fund Flows Weekly report, $7.1 million flowed into Solana investment products between Aug. 15 and Aug. 20.While the price
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Blockchain technology is reaching a crucial stage in its development. The theory has been vetted, and people are slowly becoming aware of the benefits of a decentralized economy. DLT is a competitive space, and with awareness about the technology slowly spreading to more and more people, the number of blockchain-based
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Making its way into the crypto top 10 by market cap, Solana (SOL) has reached a new all-time high briefly hitting over $80 in the past day. At the time of writing, SOL trades at $76,38 with a 15% profit in the daily chart. SOL with minor losses after a rally
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Up almost 20% in the past 24 hours, Solana (SOL) has been on an incredible rally across the board. In higher timeframes, the cryptocurrency records a 70% and 141% profit in the 7 day and monthly chart. SOL on a rally in the daily chart. Source: SOLUSDT Tradingview Perceived as one of
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Almost a year and a half after its mainnet beta launch in March 2020, Solana — perhaps the hottest blockchain of the moment — is soaring. It is one of the world’s first web-scale blockchains and fastest networks, thanks to its speed and claimed throughput of 50,000 TPS (transactions per
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Solana blockchain’s native asset, SOL, soared to a new record high on Monday.The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango Markets.Solana
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Will Solana be the one? The race to be the prime smart-contract-enabled blockchain is heating up. Many projects are chasing Ethereum’s tail, offering faster and cheaper transactions plus technological innovations. What does Solana offer? An internal clock. An incredibly higher number of transactions. Fees so low that are almost non-existent.
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Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and
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The Solana Foundation has announced Stake Pools to increase the network’s security, promote censorship resistance, and rewards SOL holders in the process. The announcement was made via their official Twitter handle. The Stake Pool program was enabled via an on-chain governance process, as the Solana Foundation said. Any SOL holder can
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