Tag: Solana

Record-low volatility and potentially positive macroeconomic data are providing crypto traders with a few opportunities. While 2022 ended on a grim note with macro headwinds providing little hope of a revival in 2023, the start of a new year has surprised bears with a surge in Bitcoin, Ether and altcoin prices. The period of sparse volatility in…

DeGods and y00ts, two of the most significant NFT projects on Solana, announced a migration to other blockchains. DeGods plans to migrate to Ethereum, while y00ts will be bridged to Polygon. DeGods and y00ts, two of the leading NFT collections on Solana, have announced plans to migrate to Ethereum and Polygon next year, the teams…

Solana has been tangled in FUD since the Solana ecosystem was affected by the FTX collapse, and this has drastically lowered the price of the SOL token. However, this did not deter the Solana team from working on new developments for the network. One example of an upcoming Solana update scheduled to rollout, The Firedancer,…

Solana developers are forking Serum, the FTX-developed liquidity hub widely used on Solana, after it may have been compromised in the FTX hack. Meantime, some Serum-related Solana apps have begun limiting their exposure, citing security concerns. On Nov. 11, an unknown attacker made unauthorized withdrawals of more than $400 million from FTX. The situation has…

Neon Labs plans to deploy an Ethereum Virtual Machine (EVM), an Ethereum smart contract layer, on the Solana blockchain on Dec. 12. The solution will allow developers to port Ethereum-based decentralized applications (DApps) to the Solana ecosystem. The new solution – also known as Neon EVM – aims to bring support for Ethereum Virtual Machine…

Circle, the issuer of stablecoin USDC, is expanding Euro Coin to the Solana blockchain in the first half of 2023. The payments firm plans to launch its cross-chain protocol, and it will also be expanded to Solana. In June, Circle launched Euro Coin as a European take on its popular stablecoin USDC but pegged to…