DeFi protocol Sky, formerly Maker, has launched its stablecoin, USDS, on the Solana blockchain. Announced on November 19, the rollout establishes USDS as Solana's first major DeFi-native stablecoin, broadening opportunities for lending, borrowing, and trading within the ecosystem. Sky described the launch as a pivotal step in its mission to ...
The Solana price has recently broken out of the long-term downtrend, giving hope for a decent rally in the coming few months. However, a new altcoin is rising quickly and gaining popularity among traders for its tremendous growth potential. Let’s examine the Solana price action and the new altcoin to ...
Solana-based DeFi wallet provider Phantom has released an emergency update for its iOS app after users reported potential security vulnerabilities. The reports, which surfaced across social media and online forums, were majorly about unexpected app resets that left some unable to access their wallets without their recovery phrases. The wallet ...
Layer 2 blockchain network Eclipse, one of the most anticipated network launches of the year, officially went live for public use on November 7, after 11 months of beta testing. Eclipse is pioneering a hybrid approach that leverages the Ethereum mainnet's security and Solana's high-speed transactions. Specifically, it allows users ...
Altcoins could be in for a challenging period ahead if historical patterns in market cycles are repeated, according to crypto analyst and ITC crypto founder Benjamin Cowen. Cowen shared in a recent post on X that a significant "altcoin reckoning" could be approaching as trading pairs between altcoins and Bitcoin ...
In the final week of September 2024, decentralized exchanges (DEXes) on Solana saw a notable 45.74% increase in trading volume, surpassing $7.87 billion in total trades. This surge underscores Solana's growing prominence in the DeFi sector, especially in comparison to Ethereum, which registered a modest 1.3% rise over the same ...
Bitget has teamed up with Solayer, a Solana staking platform, to launch a liquid staking offering for Solana (SOL). According to a press release shared with DeFi Planet, this new service enables users to stake their SOL tokens using BGSOL, a liquid staking token. BGSOL enables SOL holders to earn ...
Crypto experts are backing RCO Finance (RCOF) and Popcat (POPCAT) to lead the next big trend on the Ethereum and Solana blockchains. POPCAT has surged 40% recently and is maintaining momentum on Solana. Meanwhile, RCO Finance stands out as Ethereum's pioneering AI-powered investment platform. Crypto experts also expect 100x gains ...
Global payment giant Worldpay is reportedly preparing to expand its presence in the cryptocurrency sector by becoming a validator for blockchain networks. According to a Bloomberg report from September 26, the company is in talks with several blockchain networks to take on this new role, which would involve monitoring and ...
Solana (SOL) has experienced a bearish trend over the past week, with a 5% decline in price and a significant reduction in market value since Sunday, June 23. According to CoinMarketCap data, Solana's market cap dropped from $61.74 billion to $58.8 billion, representing a 5.09% decrease from the previous day. ...
