Tag: Solana

Stacks rallies 11% as bitcoin, solana fall

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite widespread losses in the cryptocurrency market on May 3, stacks (STX) is up 11% on the last trading day, outperforming bitcoin and most crypto assets. Stacks roars The cryptocurrency market is retracing, with some top coins, such as bitcoin (BTC) and solana (SOL), reversing gains. To illustrate, BTC is currently down 1.22%, holding the demand zone at $28,000. Meanwhile, SOL fell 4.02% as ethereum (ETH) dropped 0.2% in the same period at the time of…

Helium Network’s IOT Token Surges 370% Following Migration to Solana (SOL) Blockchain

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Solana Labs’ ChatGPT plugin allows AI to fetch blockchain data

Solana (SOL) users will soon be able to interact with the network through an open-source plugin enabled on OpenAI’s artificial intelligence (AI) chatbot ChatGPT. The plugin will allow ChatGPT to check wallet balances, transfer Solana-native tokens and purchase nonfungible tokens (NFTs) when OpenAI makes plugins available, according to an April 25 tweet by Solana Labs, the development firm behind the Solana blockchain. Solana Labs is also encouraging developers to test out the open-source code to retrieve on-chain data that they may be interested in. (1/2) Solana Labs has created an…

Polygon, Cardano and Solana See Rise in NFT Sales

It appears the overall NFT market has cooled amid an extended crypto winter, with a handful of collections eliciting brief spikes in trading over the past few months. According to a Dune dashboard by SeaLaunch, the number of unique users across top NFT marketplaces including Blur, OpenSea and LooksRare fell to 7,805 on April 19, a low not seen since July 2021. The number of sales across NFT marketplaces also fell sharply, with 16,149 sales recorded on April 19, according to the same data from Dune. The last time the…

Solana launches emissions dashboard to spur blockchain carbon footprint transparency

The Solana Foundation, in collaboration with data platform Trycarbonara, announced the launch of a real-time tracking dashboard to measure carbon emissions on the Solana blockchain.  1/ Today, the Solana Foundation is leading the charge in the climate fight by making Solana one of the first blockchains to have its emissions measured in real time, thanks to a new data portal created with TryCarbonara. Learn more: https://t.co/k4QsZmtjHn pic.twitter.com/gqPwpKtv3u — Solana (@solana) April 21, 2023 According to a blog post from the foundation, this represents the first “major smart-contract blockchain” to measure…

Solana ($SOL) Annual Carbon Footprint Equals 8 Flights from London to New York

Solana’s servers emitted 10,651 metric tons of carbon dioxide in the 12 months prior to April 1, 2023, according to the dashboard built by footprint calculator Carbonara. That’s roughly equivalent to eight flights from London to New York, based on CryptoX estimates derived from data showing that route would produce about 1,300 metric tons. Source AnnualCarbonEqualsFlightsFootprintLondonSOLSolanaYork CryptoX Portal

Blockchains like Solana brag about TPS — but it’s misleading

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The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to downplay other considerations, such as decentralization and security. The blockchain trilemma, of course, acknowledges that succeeding in all three areas is challenging, though not impossible. There is no denying that throughput and scalability are important, indeed vital if blockchains are eventually to become the rails on which the financial system is run. However, there is a major misconception surrounding the metric used to…

Solana on-chain and derivatives data highlight the limitations of SOL’s potential price breakout

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Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by Solana blockchain and the retail trading debut of Grayscale’s Solana Trust shares. The developments along with bullishness in the broader market, boosted the price of SOL by 29.05% from April 11 to a monthly high of $26.03. While the mobile launch positively boosts the Solana ecosystem, the Saga phone appears overpriced at over $1,000 apiece. Nevertheless, the smartphone received positive reviews in user experience and quality. Independent cryptocurrency investor, Amy Wu, noted that…

Decentralized Wireless Project Helium Begins Move to Solana Blockchain

The transition aims to make it faster and cheaper to operate on Helium, a project attempting to globally deploy decentralized wireless infrastructure that relies on cryptocurrency as an incentive mechanism. Until Tuesday its tokens lived for nearly four years on the Helium blockchain, a custom layer 1 that lacked the broad appeal of Solana, Ethereum and other smart contract platforms Source

SOL price risks 20% drop despite Grayscale Solana Trust’s retail debut

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On April 17, the price of Solana (SOL) crept lower in the wake of similar price moves across the top-ranking cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). SOL’s price dropped over 4% under $24.50 despite rising to $26 — a two-month high — earlier in the day. In comparison, BTC’s and ETH’s prices dropped 3.5% and 3%, respectively, hinting at a bearish start to the week. SOL/USD hourly price chart. Source: TradingView SOL price in a technical correction The SOL/USD selloff on April 17 started after it entered its 2023 resistance…