Summer Inside Crypto Winter: Solana Steals The Lead From Ethereum

Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network.

Timeline of Solana

Coinbase has announced details of the latest expansion of its staking offerings. Here is how Coinbase describes Solana: “Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims

Aver, a Web3 betting and prediction exchange, recently launched its public beta on Solana. The public launch follows the project's $7.5 million seed round earlier this year and “a successful closed-beta period in June.

Recently Solana price analysis shows that the prices have surged upwards and are currently trading near the $33.06 level. Strong support is formed near this level, and the prices will likely continue to increase in the coming days.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana's [SOL] recent drop below its 38.2% Fibonacci support provoked a robust decline toward the 61.8% level.

The U.S. Department of Justice (DOJ) is pressing charges against a Solana (SOL) non-fungible token (NFT) developer who allegedly pulled the rug on investors. According to a new press release, the DOJ is charging Vietnamese national Le Anh Tuan with one count of conspiracy to commit wire fraud and one count of conspiracy to commit The post DOJ Announces Charges Against Solana-Based NFT Developer for Alleged Rug Pull Scheme appeared first on The Daily Hodl.

Nansen added analytics data on solana for 53,000 NFT collections so now traders can access in-depth data for the rising projects which were only available for users on Ethereum up until now, so let's read more today in our latest blockchain news. Nansen is a blockchain analytics platform that is used by Defi markets and

In this episode of The Scoop, Solana Labs co-founder and CEO Anatoly Yakovenko chats about the company's new mobile division. The post The Solana phone is the leap that Google and Apple won't take, says Anatoly Yakovenko appeared first on The Block.

CryptoSlate spoke to the founder of Amulet Protocol, Rupert Barksfield, about launching the first DeFi Insurance platform on Solana. The post DeFi insurance is coming to Solana to protect users against exploits appeared first on CryptoSlate.

Recently Solana price analysis shows that the prices have found strong support at the $31.06 level and have risen to face resistance at the $35.26 level. Solana prices have seen a lot of movement in the past few hours as the market tries to find its footing after a weekend of heavy selling.

The market is in red, and Solana appears poised to return to a critical support level after losing 10% in the past 24 hours Key Support levels: $27 Key Resistance levels: $44 Today's trading session saw a significant selling pressure which intensified as the day passed and pushed Solana closer to the key support at