MakerDAO Co-founder proposes a Solana fork for NewChain development

Rune Christensen, the co-founder of MakerDAO, proposed a significant shift in the project's technological foundation. Christensen suggested that MakerDAO's upcoming native chain, known as “NewChain,” should be developed using a fork of Solana's codebase rather than the Ethereum Virtual Machine (EVM).

Timeline of Maker, Solana

As the bullish sentiment around the Bitcoin ETF started to fade, the crypto market witnessed a sudden downturn in a majority of prominent digital coins. The price drop recuperated the bearish momentum in the market indicating the downward trend may continue in the coming days.

Rune Christensen stated that Solana's codebase should be the foundation of MakerDAO's upcoming blockchain, as he highlighted that it's optimized for building “highly efficient blockchains.”

A widely followed crypto analyst says that Solana (SOL) has enormous upside potential in the next bull cycle. In a new video update, Coin Bureau host Guy Turner says that Solana could go on a huge rally as other digital asset projects compete against SOL in the crypto space.

In the times when the crypto markets have remained quiet, floating around the market capitalization of $1.05 trillion, Maker (MKR) has successfully held the gains that the other altcoins lost in the recent plunges.

“The more broken a staking model and design is,” Chorus One chief information officer Xavier Meegan says, “the more urgent a liquid staking solution is needed for that network.”

In an unexpected turn of events, the brains behind the brilliant Solana-based innovative contract automation program, Clockwork, have revealed their decision to remove critical platform infrastructure.

Over the last six weeks, the Solana coin has undergone a notable correction phase. Commencing from its peak at $32.13, the cryptocurrency's value has declined 36.8%, leading to its present trading price of $21.39.

Leading e-commerce platform Shopify will now allow users to make USDC payments thanks to its recent integration of the Solana Pay app. Seamless Integration with Shopify Shopify, a cornerstone of global e-commerce facilitating transactions worth a staggering $444 billion worldwide, has opened its doors to Solana Pay.

Finnish fintech company Membrane Finance has launched the first euro stablecoin on the Solana blockchain. Named EUROe, the stablecoin is expected to be fully MiCA-compliant, aligning with the Markets in Crypto Assets regulations set to take effect in 2024.

According to an August 24 Forbes report, the Drug Enforcement Administration (DEA) recently made a costly and embarrassing mistake in the handling of cryptocurrency seized during a narcotics investigation. Federal agents fell victim to a relatively common “address poisoning” scam.