Solana handled more transactions than the next 9 chains combined. Solana was the third-highest revenue generator in March. In Q1 2024, Solana (SOL) stood out as the most frequently used blockchain, gaining significant popularity. A look at Solana’s Q1 achievements In the first quarter, Solana processed an impressive number of transactions totaling 2.4 billion, as … Read more
Smart contracts deployed on the Avalanche network declined significantly over the last few weeks. Activity and DEX volumes on the network also fell, however, TVL remained high. Over the past few weeks, AVAX, or Avalanche, has remained relatively stable without showing significant reaction to market fluctuations. Yet, behind the scenes, the Avalanche network itself has … Read more
Over the past two days, approximately $200 million in user funds have been withdrawn from MarginFi, a Solana lending protocol, due to the unexpected departure of its CEO and subsequent allegations of misconduct from rival platforms. April 10 saw Edgar Pavlovsky, previous CEO of MarginFi, unexpectedly stepping down from his position. He attributed his departure … Read more
Michael Sonnenshein, Grayscale’s CEO, mentioned that their leading Bitcoin (BTC) exchange-traded fund (ETF) will decrease its fees in due time, which is currently the highest among all US spot Bitcoin ETFs. However, he added that this reduction would occur once the products have fully developed. At Canaccord Genuity’s Digital Assets Symposium on April 10, Sonnenshein … Read more
Soon, investors can purchase representative shares, equivalent to a 4,500 sq ft Hampton by Hilton hotel in El Salvador, through tokenized investments on the Bitcoin Liquid Network’s second layer. Bitfinex Securities, El Salvador’s first licensed and registered digital asset provider, will help the country facilitate its first tokenized asset fundraising event. Debt for this initiative … Read more
BONK’s price has fallen by almost 30% in the last month. Readings from its price charts suggest the possibility of a further decrease. Despite the surge in the memecoin market over the past month, Bonk (BONK), which runs on the Solana blockchain, went against the flow and experienced a 27% price drop based on CoinMarketCap’s … Read more