The Protocol: Is Solana's Rebound The Real Thing?:
Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme ...
coindesk.com/tech/2024/01/03/the-protocol-is-solanas-rebound-the-real-thing/
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The Protocol: Is Solana's Rebound The Real Thing?: Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme ...
coindesk.com/tech/2024/01/03/the-protocol-is-solanas-rebound-the-real-thing/
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Key FactsSolana Surpasses Ether and Bitcoin in Record Time
Oct 23, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: coindesk.com
Summary created with AI assistance · Source: coindesk.com
- Solana (SOL) has outperformed Ether (ETH) and Bitcoin (BTC) amid a surge in blockchain activity.
- The latest memecoin trend, driven by AI agents, is predominantly centered around Solana, contributing to a significant increase in network revenues.
- Solana reached a new record price against Ether and showed relative strength against Bitcoin, while open interest in futures rose to over 18 million SOL.
- Network revenues exceeded $4 million per day, with active users on the platform hitting record highs of over 8 million.
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Solana suffered its second outage in a month, sending price plunging: In recent years, Solana has been gaining traction in the NFT and DeFi ecosystems because ...
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Key FactsNetwork Shock: Solana Outage Sparks Sell-off
Jun 2, 2022 · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- Solana, one of the largest cryptocurrencies after bitcoin and ether, fell more than 12% on Wednesday when its blockchain suffered a second outage in the last month.
- Validators in the network were not processing new blocks for several hours, forcing applications built on Solana's blockchain offline.
- The Solana Status account flagged the incident at about 1 P.M. Eastern; validators had to restart following linked instructions and the outage lasted four and a half hours.
- The chain's high throughput of 50,000 transactions per second and average fee of $0.00025 attracted investors, including a $314 million private token sale in June 2021, but repeated outages have exposed reliability trade-offs.
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