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Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?

SOL price jumped 20% after falling to its worst level since February 2021 with Solana's technicals suggesting that more upside is possible.

Continue ReadingSolana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?

Solana Suffers Major Setback as Development Activity Plunges, SOL Dumps Hard

Wading through the wreckage of FTX and Alameda, it is clear that some communities were hit a lot harder than others. Several DeFi protocols sporting close ties with the two…

Continue ReadingSolana Suffers Major Setback as Development Activity Plunges, SOL Dumps Hard

2 NFT Projects Plan to Transition From Solana to Alternative Blockchains

Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the…

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TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17,…

Continue ReadingTVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021

Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project

Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days.…

Continue ReadingSolana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project