October Boosts Solana’s TVL to $6.1 Billion, Driven by Meme Coins and Trading Activity
TL;DR Solana surpassed $6.1 billion in total value locked (TVL) in October, the highest level since 2022. Raydium has driven much of the growth, with an
Solana is a layer 1 blockchain platform whose main goal is to compete with Ethereum‘s network. Improving scalability and reducing gas fees.
Solana aims to boost the development of new applications, offering an environment with greater scalability and higher transaction speeds, which would make it a blockchain accessible to everyone.
SOL, the native token of the Solana blockchain, has seen significant growth during 2021, capturing the attention of the entire investment community.
In this section, you will find the latest news about Solana and SOL.
TL;DR Solana surpassed $6.1 billion in total value locked (TVL) in October, the highest level since 2022. Raydium has driven much of the growth, with an
TL;DR Bybit has had a successful first month with bbSOL, the first exchange-backed liquid staking token on Solana. bbSOL has outperformed other exchange-backed staking tokens in
TL;DR Jupiter Exchange has launched its Mobile App, designed to facilitate access to Solana (SOL) for both new and experienced cryptocurrency users. The app allows users
TL;DR User-Friendly API: Coinbase’s new SOL staking API simplifies the staking process, allowing users to easily connect their wallet and stake SOL without technical hassles. Attractive
TL;DR Six DeFi protocols on Solana have surpassed $1 billion in TVL, marking the first time this milestone has been reached since November 2021. The total
TL;DR Zero-Fee Transactions: Travala.com now supports zero-fee transactions for travel bookings using Solana (SOL), Tether (USDT), and USD Coin (USDC) on the Solana network. SOL Rewards:
TL;DR Sky, formerly MakerDAO, will launch its stablecoin USDS on Solana using the Wormhole protocol. Sky will offer incentives of up to 2 million SKY tokens
TL;DR Explosive Gains: Sui has surged by 115% against Solana since August, significantly outperforming Solana’s 6% gain against Ethereum. Technical Superiority: Sui boasts a theoretical maximum
TL;DR Solana Seeker Presales Soar: Solana Mobile’s new Web3 smartphone, the Seeker, has sold over 140,000 units in presales across 57 countries. Innovative Features: The Seeker
TL;DR Wormhole has integrated World ID with the Solana blockchain, allowing Solana developers to access identity verification features. World ID, which has been subject to audits
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
Ads
© Wealth Growth Insights