At the Token2049 conference, blockchain experts debated the Ethereum chain’s current problems. Experts from the blockchain industry discussed the latest innovations and development opportunities during a panel discussion at the Token2049 conference in Dubai. The discussion participants also touched upon the Ethereum blockchain, which is considered the dominant smart contract platform. According to the panelists, Ethereum has...
Solana-powered decentralized exchange Drift shared plans to roll out its governance token alongside a 100 million token airdrop. The governance token will allow holders to vote on future protocol decisions coordinated by the Drift Foundation and proposed by community contributors. An April 16 announcement said 180,000 users would receive 10% of DRIFT’s 1 billion total supply based on interactions...
To alleviate congestion on the Solana network, the pseudonymous creator of the Ore project, Hardhat Chad, announced an immediate halt to all mining. Ore, a blockchain-based project launched on Solana, is exploring the right distribution method by using a proof-of-work (PoW) token distribution mechanism. The project is experimenting with combining PoW’s security with Solana’s fast transaction...
The Parcl protocol on Solana lost 40% of the total value locked after airdropping the PRCL token. According to data from DefiLlama, users withdrew more than 40% of the total value locked (TVL) from the betting platform for the real estate market Parcl. Source: DefiLlama The snapshot was intended for an airdrop that took place on April 15. However, against the...
Anza has introduced updates in version 1.18.11 of its validator client to address Solana’s network congestion issues. Validator clients are crucial software tools used in proof-of-stake (PoS) blockchains such as Solana (SOL) and Ethereum (ETH), enabling validators to authenticate transactions and uphold network rules. According to a representative from Anza, an update aims to solve Solana’s congestion issues. “The...
Due to the ongoing meme coin frenzy, DEXs on the Solana network have taken up the majority of trading volume over the past 24 hours. According to CoinGecko, Solana-based decentralized exchanges (DEXs) accounted for most trading volume over the past 24 hours. The top three were Raydium, Jupiter, and Orca. Raydium’s volume in the last 24...
Anza Network is set to roll out updates to fix the recent congestion issues on the Solana blockchain. “The short version is: significant progress has been made to overcome the current congestion challenges, and we expect to begin releasing fixes next week,” the Solana-focused software development firm confirmed. “In collaboration with other core contributors, we have...
While FTX creditors decried unfair bankruptcy proceedings and decisions, the defunct crypto business offloaded a trove of Solana tokens at a massive discount. FTX’s estate, under bankruptcy administrators led by CEO John J. Ray III, traded 25-to-30 million Solana (SOL) coins well below market prices as the company tried to plug a $16 billion hole left...
The volume of venture investments in the crypto industry reached $2 billion in the first quarter of this year. Crypto Koryo experts noted that the $2 billion figure broke a two-year downward trend and notched a 38% increase in investments compared to the fourth quarter of 2023. The number of transactions increased by 49% to 250. Although...
The CONDOM meme coin team on the Solana network collected 4,965 SOL as part of the coin’s presale and deleted its X page. The funds raised were estimated at $906,000 at the time. Whale Insider reports that the community suspects the CONDOM team of committing a rug pull. User X, who used the pseudonym Harfordton, called for...
