Interest-paying cryptocurrency launched on Solana

The cryptocurrency is issued by Sollayer Labs, a restaking protocol on Solana. The yield obtained is 4.33% in Treasury bills. Solayer Labs, a re-staking protocol on the Solana network, has introduced the Solayer USD (sUSD) stablecoin on its platform, a crypto asset designed to generate interest for its holders. “Cryptocurrencies are not just numbers, but … Read more

Solana is already more valuable than PayPal

The rise is fueled by the success of its memecoin creation platform, pump.fun. Solana is the fifth most important cryptocurrency on the market. The cryptocurrency Solana (SOL) surpasses PayPal, one of the world’s leading online payment systems, in terms of market capitalization. In the last week, the price of the Solana digital network increased above … Read more

Red Solana is worth more than Ethereum, what happened?

On October 24, the real economic value of Solana was 4 times that of Ethereum. The 3 memecoins with the highest capitalization on Solana exceed USD 5 billion. On October 19, 2024, the real economic value of the Solana (SOL) network exceeded that of Ethereum (ETH), according to a report on-chain from Blockworks Research. On … Read more

Solana faces historic resistance that slows its rise. How will the market continue?

Different technical analysis indicators of the financial market show that the Solana cryptocurrency (SOL) could be on the verge of a bullish cycle if it manages to break historical resistance. In the last 30 days, SOL’s price rose more than 15% and its price is above the $172 line. As seen in the following graph … Read more

VanEck adds staking to solana-based investment product

The ETN is traded on Euronext Amsterdam. Investors get 75% of the rewards, the remaining 25% goes to VanEck. VanEck, an investment firm, reported that it included staking rewards in its solana-based market-traded notes (ETN) (SOL) traded on the Euronext Amsterdam in the Netherlands. From now on, the rewards generated by VanEck Europe They will … Read more

Solana memecoin generator to launch its own token

The token would be used for governance of pump.fun. Additionally, pump.fun introduced a new version of its protocol. Pump.fun, the star platform in the creation of memecoins on the Solana network, reported the launch of its own token. The team behind the platform explained that This new crypto asset will be part of an airdrop … Read more

Memecoins on Solana make this DEX surpass Uniswap

Raydium is, at least temporarily, the most in-demand exchange in the world. This DEX absorbs only 21% of the market share of all decentralized exchanges. Raydium, a Solana decentralized exchange (DEX), is surpassing Uniswap, considered the world’s largest DEX, in net daily spot trading volume. To be precise, said Raydium volume, on Solana alone, exceeds … Read more

Solana recovered to pre-FTX crash levels

In September 2023, Solana had the least network activity after the exchange crash. Volumes on DEX have a growth that Hashdex describes as “impressive.” The Solana network has seen a resurgence since late 2023, returning to activity levels prior to the FTX exchange collapse. Although FTX was a crucial pillar for the project, Solana has … Read more

Through this bridge you can pass USDT to the Solana network

USDT has been on Solana for a long time, but this is a new access route. Users can connect USDT from Ethereum Virtual Machine to Solana natively. Allbridge announced the integration of USD Tether (USDT) into the Solana network through its bridge, facilitating a direct connection from the Ethereum Virtual Machine (EVM) to that network. … Read more

Memecoins on Solana are worth almost as much as Cardano cryptocurrency

The market capitalization of memecoins on Solana exceeded $10 billion. Among the most popular are Dogwifhat, Bonk and PopCat. Today, October 12, 2024, the market capitalization of the memecoins of the Solana ecosystem exceeded 10.2 billion dollars. This capitalization was $2 billion below the market capitalization of ADA, Cardano’s native cryptocurrency and one of the … Read more