Solana (SOL) Witnesses High Blockchain Activity, Polygon (MATIC) to Experience a Hard Fork, Snowfall Protocol (SNW) Becomes the Talk of the Crypto Town

While Solana (SOL) has rapidly started to recover and experienced a surge in activity, and Polygon (MATIC) will undergo a hard fork on 17th January, Snowfall Protocol (SNW) also continues to make waves, and wins the heart and money of investors. Keep reading below to learn more.

Timeline of Polygon, Solana

Solana price analysis is showing signs of bearish activity, as the bears have returned back to the price charts. After spiking high earlier, the price went down during the last few hours, but the bulls also managed to escape the bearish pressure at some points.

The Solana price explosive move since late December has seen investors rush back to the project in the wake of the FTX implosion. Recovery began with a final dip to $8.05, riding on the momentum created by BONK, the first meme token on the Solana blockchain.

Polygon [MATIC], the sidechain connected to the main Ethereum [ETH] blockchain, completed a hard fork to its proof-of-stake (PoS) network on 17 January. The purpose of the hard fork, as stated in a 12 January blog post, was to make the Polygon network more efficient by introducing two key changes.

Solana (SOL) has grown quickly over the last two years to rank among the top blockchains in market capitalization and usage. Yet Solana was the crypto platform most adversely impacted by the FTX meltdown.

Key Points: The Solana Foundation and the blockchain platform Ripple announced on January 17 that they are collaborating with the industry body Global Blockchain Business Council (GBBC) to advance the deployment of encryption-based solutions to tackle climate change. Solana Foundation, Ripple, and GBBC have formed partnership to support crypto climate change solutions.

Key Points: Synergy Land, a web3 action role-playing game presently in production, stated on January 17 that it will migrate from the Solana blockchain to Polygon. The blockchain musical chairs game does not appear to be slowing down.

Polygon announced the completion of its proof-of-stake hard fork upgrade in an attempt to reduce gas spikes and chain reorganizations(reorgs) on January 17. The post Polygon completes hard fork upgrade to minimize gas fee spikes, chain reorgs appeared first on CryptoSlate.

Solana is enjoying a positive start to 2023 after spending most of 2022 in decline due to the crypto winter. Also, SOL's exposure to FTX caused its price to decline rapidly following the FTX saga in November 2022.

Polygon has announced it will be performing a hard fork, upgrading its proof-of-stake chain to boost performance. The post Polygon Hard Fork Aims to Tackle Gas Price Spikes, but Can It Keep up With Ethereum?

To help transfer Synergy Land's resources onto the EVM chain, Xternity proposed a process — via its network migration tool — that can be used to migrate games or projects across chains.