Solana Based NFT Marketplace Bags $130 mln Funding

Non fungible tokens' (NFT) sales might have hit a hard rock since the beginning of this year. However, Solana based NFT marketplace, Magic Eden has bagged $130 million in a Series B funding round.

Timeline of Solana

The Solana whale who came on the verge of getting liquidated last week has started moving their funds to mitigate risk to Solend. The post Solana whale shuffles $25 million to reduce risk to DeFi protocol Solend appeared first on The Block.

  The folks from the crypto town have been probing the credibility of Solana, ever since it had its first DDoS attack. Fast forward to this date, the top-tier blockchain has been a victim of a number of congestions and troubles. In a very recent event, Solana's lending and borrowing protocol Solend. Has been in question …

Solend's governance proposal overturned the vote to take over the risk-whale wallet and take over the DEFI lending protocol's wallet got invalidated after a follow-up vote as we can see more today in our latest cryptocurrency news. The decentralized autonomous organization governing Solend which is a Solana-based lending platform invalidated a previous vote which allow

The Solana-based marketplace for non-fungible tokens (NFTs) plans to launch on more blockchains in the near future. The post Solana-based NFT marketplace Magic Eden reaches $1.6 billion valuation appeared first on The Block.

As CoinGape reported, the Solana-based “decentralized” lending protocol Solend has been grappling to avoid a liquidity crisis amid the SOL price crashing and the whale accounts having huge margin calls. Earlier, the Solend protocol planned to overtake the whale accounts with emergency powers.

Two community proposals by Solana-based DeFi protocol Solend were voted on recently to mitigate risks from whales that operate on large margin positions. The post Solend Community Passes Counter Proposal After SLND1 Criticism; Forfeits Emergency Powers to Overtake Accounts appeared first on BeInCrypto.

The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform's liquidity. The team at Solend has explained that the decision to invalidate the first proposal was made due to community feedback and improved crypto market conditions.

After voting for a “forced takeover” for a whale account, Solend users have revisited the ballots to decide that Sunday's “Emergency Powers” plan must be invalidated.  Extreme Measures - “Whale” Account Takeover The crypto market downturn is causing ripples throughout the industry, causing many DeFi protocols to take drastic measures to protect liquidity.

The Solana DEFI platform Solend voted to control whale accounts and the users granted emergency powers to Solend Labs to take over the whale account temporarily so let's read more today in our latest Solana news. The users of the Solana-based lending service Solend voted on Sunday to force a takeover of the protocol's biggest

Last week, the crypto market cap dipped below $850 billion for the first time in almost 18 months. However, the recent jump in digital assets like Solana, Cardano, and Polkadot has pushed the total market cap of cryptocurrencies to above $900 billion.