Tag: Solana

Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht’s new collection… and more

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Solana (SOL) NFT holders will soon have a new option for where to trade, with OpenSea teasing its integration of the Solana blockchain. A 16-second video shared by the OpenSea Twitter account opened with the phrase “wen solana???” being typed into a search box and revealed that Solana will be supported by the marketplace in April. The best kept secret in web3 pic.twitter.com/xuZn64cZ4U — OpenSea (@opensea) March 29, 2022 Rumors of OpenSea supporting Solana NFTs have circulated for months. Security researcher Jane Manchun Wong — who made Forbes 30 under…

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What is Solana (SOL) Pay, and how does it work?

[ad_1] PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed far ahead of its time, facilitating instant payments between customers, businesses and more while utilizing the internet. Solana (SOL) Pay is considered by many to be the next innovation in the payments processing arena, facilitating payments while taking nonfungible tokens (NFTs) and Web3 into account. Some are going so far as to call Solana’s new payment protocol the Visa or PayPal of Web3. This post will…

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Bank of America Says Solana Could Take Market Share From Ethereum, Become the ‘Visa of the Digital Asset Ecosystem’ – Altcoins Bitcoin News

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[ad_1] Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published a research note on cryptocurrency this week arguing that Solana could take market share away from Ethereum. The Bank of America analyst described that Solana “produces a blockchain optimized for consumer use cases by…

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3 reasons why Solana (SOL) price could see additional upside in 2022

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[ad_1] Solana (SOL) has become a top contender in the smart contract industry and in the past year the network’s total value locked (TVL) grew by $660 million and stretches across more than 40 decentralized applications to hit an all-time high above $11 billion. Even with this growth, investors have reason to question whether the current $56 billion market capitalization is justified and how it compares to competing networks like binance smart chain (BNB), Avalanche (AVAX) and Polygon (MATIC). Avalanche, Solana, Binance Coin, and Polygon, priced in USD. Source: TradingView…

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Michael Jordan and Son Reveal First Tech Venture, Heir Platform to Feature NFTs and Leverage Solana – Bitcoin News

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[ad_1] The legendary former professional basketball player Michael Jordan and his son Jeffrey Jordan have revealed they are getting into blockchain and Web 3.0 technology, according to an announcement published on December 15. The father and son duo’s first tech venture is called Heir Inc., a platform that aims to connect loyal fans with popular athletes. Furthermore, Jordan’s tech platform aims to launch a token called “heir” built on the Solana blockchain. Jordan Duo to Launch Heir Platform in 2022, Heir Token to be Built on Solana Michael Jordan and…

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Solana on-chain development increases after a recent DDoS attack

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[ad_1] Solana — whose native crypto, SOL, is the fifth-largest cryptocurrency by market capitalization — is leading on-chain development charts despite a recent distributed denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12 and Monday, followed by Polkadot at 76 and Cardano at 65. Daily GitHub submissions Bitcoin, Solana, Cardano and Polkadot from Nov. 12–Dec. 13, 2021. Source: Santiment…

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Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week

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[ad_1] Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders’ confidence. The SOL/USD exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend that began after it topped out near $221.38 on Sept 9. As a result, SOL’s price has almost crashed by 40% since its all-time high last week, despite more than tripling their value in the past 30 days. Outage hurts SOL price Solana…

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Solana and Arbitrum knocked offline while Ethereum evades attack

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[ad_1] Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Sept. 14 at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a 45-minute period. Six hours after announcing the incident, Solana Status explained that a large increase in transaction load to 400,000 per second had overwhelmed the network to create a denial-of-service and cause the network to start forking. 1/ Solana Mainnet Beta encountered a large increase…

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Solana pumps to all-time high as Bitcoin, altcoins lag

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[ad_1] Solana’s native SOL token is charting new highs on Sunday, gaining in U.S. dollars and in Bitcoin (BTC) on the back of growing network adoption and a key technical breakthrough.  The SOL token peaked at $52.42 on Sunday, according to TradingView, having gained 24% over the 24-hour trading cycle. That marked a new all-time high for SOL and the first definitive break above the psychological $50 level. As Cointelegraph previously reported, Solana rallied to a high of $49.99 on May 2 before losing some of its momentum. The $50…

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Serum (SRM) hits a new all-time high as Solana adoption gains traction

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[ad_1] Decentralized finance (DeFi) has reshaped the face of the cryptocurrency market over the past year, attracting the attention of both institutional investors and retail traders alike as the traditional financial sector continues to warm up to blockchain technology.  While the majority of largest DeFi protocols that have a significant amount of volume and value locked in the platform operate on the Ethereum (ETH) network, high fees and slower transaction times have allowed projects like Serum (SRM), a decentralized exchange (DEX) that operates on the Solana (SOL) blockchain, to rise…

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