Solana

Solana has released a crucial update to tackle the ongoing congestion on the Solana Network. Version 1.17.31 is the first in a series of planned updates.  Solana has been plagued by congestion issues in recent months, caused by an unending meme coin frenzy that has led to a huge spike in user activity and bumped up network demand.  Solana Releases Crucial Update  Solana announced the release of the new software update on its official X handle, stating that the update…

A new wave of memetic excitement is set to burst onto the Solana blockchain, with the esteemed Slothana token launching on DEXs in thirteen days. It is currently in its closing presale stages, having raised a whopping $10 million in its first two weeks. An unwavering market appetite derives from Slothana’s similarities to earlier Solana-based presale giants Book of Meme and Slerf. Traders can buy $SLOTH from the project’s website or by sending SOL to its wallet address (linked on…

Solana’s price saw a notable recovery on Monday after a steep decline over the past seven days. This was supported by positive developments in the Bitcoin (BTC) and Ethereum (ETH) markets, which came alongside the approval of exchange-traded funds (ETFs) for both cryptocurrencies in Hong Kong.  Additionally, Solana addressed its ongoing network congestion issues with a new update, aiming to rectify transaction failures and outages. New Update Tackling Implementation Bug According to Mert Mumtaz, CEO of Helius Labs, Solana’s recent…

Chris Burniske has drawn parallels between the recent Celestia (TIA) movement and the meteoric rise of Solana (SOL) back in 2020. Burniske highlights the importance of understanding and tolerating downside swings in volatile assets like TIA.  In a recent tweet, Venture capitalist Chris Burniske, a former crypto analyst at ARK Invest and current partner at Placeholder, has drawn parallels between the recent Celestia (TIA) movement and the meteoric rise of Solana (SOL) back in 2020. Burniske has highlighted similarities between…

Lately, the Solana network has been having issues that have caused a lot of transaction failures. However, on April 6, Fantom network’s Creator expressed his immense support for Solana, even with transaction and network issues. He is one of the most successful thought leaders in the DeFi space, and this declaration means a lot in the crypto community. Amidst various challenges, Ethereum continues on a bullish trend, proving itself as the best of the top altcoins in the market. Also,…

The post Solana Flashes Mixed Signals Near $150 Amid Bearish On-Chain Metrics: Is The SOL Price Setting A Trap? appeared first on Coinpedia Fintech News Today, Solana’s price is on the rise, triggered by a strong recovery in the crypto market. This rebound comes after the crypto market experienced its most bearish week since June 2023, driven by Iran’s drone attack on Israel over the weekend. However, following a network upgrade on the SOL blockchain and approval of the spot…

A few days into April, several crypto tokens have recorded price instability, mostly due to the ongoing price correction, market sentiment and whale movement. These whale investors are particularly diverting from low-performing protocols to ones with huge profit potential.  These whale investors have sparked interest in Kelexo (KLXO), leading to massive profit potential in the presale stage 2.  Kelexo (KLXO) features spark interest from whale investors  The foremost Kelexo (KLXO) feature sparking interest among investors is the simplified p2p lending.…

The Solana crypto recently went into a frenzy, as it climbed by 776.4% year-to-date (YTD). This engaged an optimistic outlook for the broader crypto market. As many began to see the positive uptrend for the overall market, traders and investors began to diversify their holdings.  Out of the many DeFi coins available however, 5 gained significant attention both due to their recent price uptrend, alongside their technologies and overall innovations. Today, we will explore KangaMoon (KANG), Lido DAO (LDO), Aave…

Solana has become a booming topic of discussion throughout the last few months. The network became home to hundreds, if not thousands, of meme coins, and many are touting it as the better alternative to Ethereum. The reasons are simple – Solana is quicker and cheaper. A transaction on Ethereum can cost upwards of $100 during peak network utilization, whereas the same swap on Solana would usually cost less than a cent. But it doesn’t come without its issues. Solana’s…