Going short on SOL? You may want to consider what is at ‘stake’
Solana’s transaction fees declined along with its development activity Solana lost interest from stakers as well Solana’s transaction fees declined over the past year, according to new data by token terminal. Reportedly, after the FTX collapse, $946.66k was collected in fees over the past 30 days. Out of this, $473.33k was paid to SOL stakers, […]
Solana Restores Network; Big Validators Still Struggling
After suffering a major network outage, the Solana blockchain is reportedly back up and running successfully. A single misconfigured node took down the entire network. However, Solana has tolerated a series of shutdowns over the year. Solana validators struggles Solana informed that its network is not able to process the transactions. Developers are working to The post Solana Restores Network; Big Validators Still Struggling appeared first on CoinGape.
Here’s How Descending Triangle Pattern Limits The Solana Coin Recovery
The daily technical chart shows the Solana coin price is in a short-term range-bound rally. Furthermore, this sideways is restricted within the top resistance of $47.4 and bottom support of $26. The coin holders should keep a keen eye on these levels as they will have a significant impact in the near term future. Key The post Here’s How Descending Triangle Pattern Limits The Solana Coin Recovery appeared first on CoinGape.
Here’s How Solana Outperformed Ethereum In The Bear Market
Data from CoinMarketCap shows that Solana’s L1 smart contract platform outperformed both Ethereum and BNB Chain in terms of the number of daily active users. CoinMarketCap compared the number of daily active addresses on each smart contract platform since November 2021. Solana Beats Ethereum, BNB Chain According to the data, Solana managed to increase its The post Here’s How Solana Outperformed Ethereum In The Bear Market appeared first on CoinGape.
XRP Lawyer Warns Of More Class Actions After Solana Lawsuit
Another major trouble has emerged in the world of cryptocurrency. Solana Labs has been slapped with a class action lawsuit. It is been alleged of making illicit profits by promoting unregistered security. Will Solana case affect crypto market? The consequence of this lawsuit can lead to a vital impact on the global crypto market. Solana The post XRP Lawyer Warns Of More Class Actions After Solana Lawsuit appeared first on CoinGape.
Move-To-Earn Token STEPN Rallies 35% in April, More Gains In Store?
STEPN, a move-to-earn project based on Solana, saw its governance token GMT spike over 35% in April, broadly outpacing the crypto market. While the token has consolidated from record highs hit during April, it appears to have begun May on a high note. GMT is up 1.1% in the past 24 hours at $3.53. GMT’s The post Move-To-Earn Token STEPN Rallies 35% in April, More Gains In Store? appeared first on CoinGape.
Move-To-Earn Token STEPN Dashes Into Top-50 Cryptos, Here’s How
Solana-based move-to-earn token STEPN (GMT) is now the 45th largest cryptocurrency by market value, following a recent price surge. The token’s latest rally is spurred by the addition of the project to several popular marketplaces. GMT, the governance token of the project, rallied nearly 20% in the past 24 hours to a record high of The post Move-To-Earn Token STEPN Dashes Into Top-50 Cryptos, Here’s How appeared first on CoinGape.
This Solana-Based Token Was Bought The Most By ETH Whales
Solana-based DeFi token Serum (SRM) marked a strong rally over the past 24 hours, as optimism over an NFT launch, coupled with major whale accumulation sparked a jump in trading volumes. SRM jumped 10% in the past 12 hours, hitting a high of $2.542. It also appeared to be recovering sharply from a near one-month The post This Solana-Based Token Was Bought The Most By ETH Whales appeared first on CoinGape.
These Top Altcoins Are Expected To Surge On Institutional Demand
A recent crypto rally has largely favored altcoins, with most top tokens outpacing their bigger peers Bitcoin (BTC) and Ethereum (ETH). Institutional buying, which is a key factor behind the rally, could be set to balloon in the coming weeks. Top altcoins rose on Friday after exchange operator CME Group said it was launching indexes The post These Top Altcoins Are Expected To Surge On Institutional Demand appeared first on CoinGape.
Crypto Adoption Could Benefit From A Bond Market Crash, Here’s Why
Recent weakness in the bond market could potentially drive capital flows into crypto, given that the space offers relatively higher returns. Institutional interest in crypto has already picked up this year. Concerns over a possible recession and a hawkish Federal Reserve recently caused an inversion in the U.S. yield curve, as bond markets experienced heavy The post Crypto Adoption Could Benefit From A Bond Market Crash, Here’s Why appeared first on CoinGape.
The times they are a-changin’ for Bob Dylan as he enters the NFT market
Bucking the trend that says technology favors the young, legendary troubadour Bob Dylan is the latest name to enter the non-fungible token (NFT) market. The Nobel laureate has backed a project called Snowcrash along with his son, Jesse. The NFT platform is a partnership with Sony Music Entertainment and Universal Music Group and will “bring … Continued The post The times they are a-changin’ for Bob Dylan as he enters the NFT market appeared first on BeInCrypto.