Solana (SOL) Sees Drop In NFT & DeFi Usage
Is Solana summer over? Seasonality might suggest so, but if that’s enough for you, the blockchains usage across both defi and NFT landscapes has been falling recently. Competing chains are making targeted and dedicated efforts to get more involved in both defi and NFTs, leading to major growth and investment in the space at large. […]
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A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporations, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury. Solana Treasury Companies Are […]
Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet On Thursday, Solana-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simply portfolio management for Solana users. As told by Solflare, it would make transfers between one's custodial and non-custodial balances trivial by enabling users to manage FTX funds directly from their Solflare web extension and later via the mobile wallet. Of course, FTX know-your-customer rules would still apply to link one's exchange accounts with Solflare.In....
DeFi Development announced the launch of DFDV UK, the very first Solana public treasury vehicle in the UK. The move is part of the company’s strategy to expand Solana treasury vehicles across the global market. Joseph Onorati, CEO of DeFi Development, declared in the official press release: DFDV UK is a milestone: the first Solana […]
Solana’s AI narrative is gaining fresh support from crypto investors who argue that SOL may be positioned as a core financial infrastructure asset in an agent-driven economy. Parker White, COO of DeFiDevCorp, and Delphi Ventures founding partner Tom Shaughnessy both pointed to Solana’s speed, liquidity and developer ecosystem as reasons the market may be underpricing the asset. Solana’s AI Thesis Is Heating Up White, known on X as @TheOtherParker_, said on May 9 that he remains bullish on SOL because Solana combines “s-tier technology, user adoption, and liquidity.” He pushed back on the....
After a period of heightened performance and adoption, the Solana network is starting to witness a slowdown in users’ activity and interest. A report has emerged showing that the active wallet addresses on the SOL network have fallen sharply, raising questions about its impact on prices. A Steep Decline In Solana’s Active Wallet Addresses Currently, […]