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The self-custody wallet, which is built on closed-source code, will take aim at Ethereum ecosystem stalwarts such as Metamask, which is open source. Phantom’s likely bet is that its slick user interface will power it forward on the system, just as it did for Solana, where it says it has
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Sollet Bitcoin (soBTC), a so-called “wrapped” asset supposedly backed 1-to-1 with bitcoin, plummeted $10,000 at around 2:00 p.m. ET, according to decentralized finance protocol Raydium. It had already spent much of the day trading below its bitcoin peg on the news that FTX had filed for bankruptcy protection. Original Source
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A record amount of SOL was unstaked as investors reclaimed their tokens from the blockchain's security mechanism. But it could have been a lot more. The SOL price jumped 18%. Source
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Solana (SOL) co-founder Anatoly Yakovenko says the past year has been mired by the network's reliability issues and outages, but recent updates will help the blockchain resolve its reliability issues. During the Breakpoint 2022 annual conference in Lisbon, Portugal on Nov. 5, Yakovenko discussed the past and future of the blockchain,
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“Should we tell our followers the big news?,” Google Cloud tweeted an hour before revealing what it was doing with Solana. Original Source
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The Solana protocol faces a massive challenge in convincing people to use its phone to do things they can do with existing phones. Original Source
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SOL price struggles as $30 support failed to hold, with many buyers sweating on their open SOL position. SOL price breaks below 50
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Network outages continue to be the Solana network’s biggest challenge, according to its co-founder Anatoly Yakovenko.Launched in 2020, the Solana network has suffered a number of network outages, which have come from a number of different congestion and spam events, according to Yakovenko. In a Sept. 2 interview with Real
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Already, Solend’s 21 whitelisted lending pools supply Solana’s DeFi markets with $471 million in borrowable tokens such as SOL, USDC and wrapped assets like BTC. Its team vetted those permissioned pools to weed out the inevitable scammers; if something goes wrong, Solend’s treasury insurance fund will back up platform users. Original
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In the second day of the exploit that’s stolen at least $6 million in various in tokens from users of the Slope and Slope-tied Phantom wallets, the Twitter account tied to the blockchain’s marketers is blaming the software of the wallets, and not its own code, for the attack. Source
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