Tag: Solana

Solana DeFi Lender MarginFi Attracts Record Growth, Airdrop Farmers

One token that keeps hitting the max is bSOL, the LST issued by Solana validator service SolBlaze. The 5,000 bSOL tokens currently deposited on MarginFi represent nearly 7% of all bSOL tokens in existence; even more are waiting on the sidelines, said the pseudonymous founder of SolBlaze (who goes by SolBlaze). The founder is cutting trading deals across Solana DeFi to increase bSOL’s prominence, and thus its liquidity, and therefore its caps on MarginFi. Source

Solana price hits a 2023 high, but do strong fundamentals back the SOL rally?

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Solana’s (SOL) price briefly surged to a new year-to-date peak on June 14 after Ripple’s partial win against the United States Securities Exchange and Commission in the case contesting XRP’s (XRP) position as a security.  The token recorded gains of 48.09%, reaching a peak of $32.40 as news of the court ruling spread, before retracing below the $30.00 level. The positive gains following the verdict not only eliminated the losses from June 2023 when the SEC considered SOL a security in its lawsuit against Binance and Coinbase, but it also reclaimed…

Ethereum, Solana, Cardano Tops New Crypto ESG Ranking, Bitcoin Downgraded for Energy Usage

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The benchmark measured environmental, social and governance risks for and opportunities of digital assets, taking into account a range of metrics including decentralization, energy consumption, community engagement. Then, the points for each metric were aggregated and weighted for an overall score of maximum 100 points, making up the final grade from AA (best) and E (worst). Original

Solana ready to take over the market alongside InQubeta 

Solana (SOL) has emerged as a prominent player in the crypto space, often hailed as the “Ethereum killer.” With its lightning-fast transaction speeds and low fees, Solana is poised to disrupt the market and attract investors seeking alternative blockchain solutions. Even so, another project, InQubeta, has caught the eye of investors with its unique value proposition and fast-selling presale.  InQubeta: the AI crowdfunding ecosystem InQubeta is an AI-focused crypto project that aims to connect investors with artificial intelligence (AI) startups through a transparent funding platform. Let’s explore the features that set…

Solana surpasses Ethereum in 24h NFT sales

In the past 24 hours, Solana’s NFT daily sales volume increased, surpassing Ethereum’s for the first time since May 2022. During a 24-hour period from June 30, the Solana (SOL) network produced more NFT sales in volume than Ethereum (ETH). This contrasts with the high-value Ethereum NFT market, which has recently declined in trade volume. According to information provided by CryptoSlam, the sales of Solana NFTs on the secondary market generated close to $24.2 million over the previous day, while sales of Ethereum totaled $21.2 million. Blockchain sales by NFT…

Celsius to Potentially Sell More Than $170M in Cardano (ADA), Polygon (MATIC), Solana (SOL) and Altcoins for BTC, ETH

According to court documents from last December, Celsius controlled 90 million MATIC, 103 million ADA, 161,000 SOL, 3.3 million LINK, 1.8 million polkadot (DOT), 200,000 litecoin (LTC) and 106,000 AAVE on November 25, 2022. It was not entirely clear what the company’s current positions are in those assets and how much of those are to be excluded from the sale. Source

New deBridge Feature Lets Solana Users Easily Access Any Ethereum-Based Blockchain

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