• 19 November, 2024

Tag: Solana (SOL) News

Solana, often referred to as the “Ethereum killer,” shares significant similarities with Ethereum. The Solana Foundation was founded in 2018 and later launched Solana, an open-source project.

The Solana blockchain uses a proof-of-history consensus mechanism, unlike earlier blockchains. Solana blockchain’s native token is Solana (SOL). Notably, Solana uses “a mixture of time-tested cryptographic strategies and fresh innovations to address the shortcomings of crypto’s first-wave solution,” as quoted by CEX.IO COO Konstantin Anissimov. With its unique combination of proof of history and delegated proof-of-stake algorithms, Solana is aimed at solving Ethereum’s scalability issues.

Solana offers faster transaction speeds than its closest competitors, Ethereum and Cardano. Compared to Ethereum’s 15 transactions per second, Solana can process about 2,600 transactions per second. Thus, Solana is identified to be one of the fastest blockchain platforms. To know what’s happening in the Solana ecosystem, read from CryptoTale.

Market News
Bitcoin Slips Below $65K: A Detailed Market Overview Amidst Crypto Decline

Bitcoin Slips Below $65K: A Detailed Market Overview Amidst Crypto Decline

Renowned crypto analytical platform CryptoRank recently shared insights in an X post, shedding light on the current state of the

Market News
Solana Faces Persistent Decline Down 37% Despite Bitcoin’s Stability

Solana Faces Persistent Decline Down 37% Despite Bitcoin’s Stability

Solana (SOL) has been experiencing a persistent decline, according to analyst DonAlt. Despite Bitcoin’s stability, SOL has seen consistent red

Market News
SOL ETF Incoming? 3iQ Pioneers Solana-Focused Investment Product in Canada

SOL ETF Incoming? 3iQ Pioneers Solana-Focused Investment Product in Canada

3iQ Digital Asset Management has unveiled plans to launch North America’s first Solana exchange-traded product (ETP) , hence the possibility

Markets
Fear & Greed Index at 64: Ethereum, Solana on the Rise, While Toncoin Slips: What’s Next?

Fear & Greed Index at 64: Ethereum, Solana on the Rise, While Toncoin Slips: What’s Next?

Bitcoin continues its impressive run, trading above $65,000. The cryptocurrency market shows mixed movements among the top 10 cryptos. As

Market News
Solana’s Market Resilience Tested at Key Support Level, Says Analyst

Solana’s Market Resilience Tested at Key Support Level, Says Analyst

Solana, as highlighted by crypto analyst Jelle, is showing signs of potential stability despite the recent heavy fluctuations in its

Market News
Solana vs TON: The Tale of Two Blockchains in a Bear Market

Solana vs TON: The Tale of Two Blockchains in a Bear Market

The Solana (SOL) and TON blockchains have emerged as significant contenders. Renowned crypto analyst Asta.SOL recently shed light on the

Market News
Top Solana DeFi Players: Jito, Marinade, and Raydium Lead the $4.27 Billion TVL Charge

Top Solana DeFi Players: Jito, Marinade, and Raydium Lead the $4.27 Billion TVL Charge

Solana’s DeFi ecosystem is showing remarkable activity, with a Total Value Locked (TVL) of $4.27 billion. The platform’s financial metrics

Market News
Bitcoin Slips Below $67K as Top Cryptos Diverge; Market Capitalization Sees Dip

Bitcoin Slips Below $67K as Top Cryptos Diverge; Market Capitalization Sees Dip

In the latest market update by CryptoRank, Bitcoin’s price has dipped below $67,000, reflecting ongoing volatility in the cryptocurrency landscape.

Market News
Critical Resistance Ahead for Solana: Will $160-$170 Be Broken?

Critical Resistance Ahead for Solana: Will $160-$170 Be Broken?

The daily price chart of Solana (SOL) has shown significant volatility, with sharp movements both upward and downward. According to

Market News
Solana Market Watch: Crypto Analyst Highlights Crucial Trading Levels

Solana Market Watch: Crypto Analyst Highlights Crucial Trading Levels

Solana’s price movement has become a focal point after CryptoTony, a prominent cryptocurrency analyst, highlighted its activity in a recent

Market News
Crypto Market Sees Mixed Trends: Bitcoin Steady Above $67K, Solana and XRP Decline

Crypto Market Sees Mixed Trends: Bitcoin Steady Above $67K, Solana and XRP Decline

Bitcoin’s meteoric rise continues as it trades above $67K, maintaining its dominant position in the cryptocurrency market. As highlighted by

Market News
BTC’s Next Big Move Hinges on CPI and FOMC Reports: Will A Bullish Trend Emerge?

BTC’s Next Big Move Hinges on CPI and FOMC Reports: Will A Bullish Trend Emerge?

Bitcoin enthusiasts are on high alert today as the market braces for a potentially significant move. According to CryptoBusy, a