Institutional Demand and Firedancer Upgrade Fuel Solana Rally: Can SOL Hold $...
Institutional confidence in Solana (SOL) remains strong, making it one of the stable altcoins in the market. Treasury wallets now hold over 20.9 million SOL, roughly 3.64% of the total supply, indicating that large investors are increasingly viewing SOL alongside Bitcoin and Ethereum as part of diversified crypto portfolios. Related Reading: XRP Supply Shock Incoming As Axelar And Flare Target 8 Billion Tokens Companies like Forward Industries and Brera Holdings have disclosed their asset exposure, while ARK has added Solana-related equities and continues to emphasize the network’s....
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Jump Crypto has unveiled a new bug bounty initiative, targeting the inaugural release of Firedancer, a third-party Solana validator client. Developed by Jump Crypto, Firedancer v0.1, also known as Frankendancer, is set to enter an intensive security vetting phase, accompanied by a $1 million prize pool facilitated through the cybersecurity platform, Immunefi. Firedancer represents a […]
Solana’s futures Open Interest (OI) has reached a new all-time high. This record level of activity highlights growing demand and institutional participation in SOL, signaling deeper liquidity and confidence in its long-term role within the digital asset ecosystem. Derivatives Demand Highlights Rising Confidence in Solana In an X post, crypto analyst Tom Tucker has revealed that Solana Open Interest (OI) has reached a new all-time high of $13.68 billion, a key indicator suggesting that traders are placing significant bets on SOL’s upside. This record-breaking figure comes as SOL....
Jump Crypto (developers from Firedancer) have proposed to eliminate Solana’s fixed compute block limit. By doing so, the Web3 infrastructure company plans to boost the network’s performance. It’ll also encourage validators with lower-end hardware to upgrade their systems for greater speed and rewards. If all goes as planned, it could be highly beneficial for Solana-based […]
Solana (SOL) has seen a “dramatic increase in allocations” from institutional investors, according to a recent survey conducted by CoinShares. The Digital Asset Fund Manager Survey, involving responses from 64 investors managing a cumulative $600 billion in assets, points to a burgeoning interest in altcoins, with Solana leading the charge among emerging favorites. Solana See […]
Solana ($SOL) isn’t just the world’s sixth-biggest cryptocurrency and a fantastic ROI opportunity (it’s up 2,600% in the past three years). It’s also the lifeblood of the DeFi and Web3 ecosystem. That’s why it has been gaining a lot of attention, especially with expectations of a crypto bull run. Solana’s Total Value Locked (TVL) now […]