Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network
Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network. The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale. High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerge, and Solana (SOL)....
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SOL price continues to climb, with Solana’s TVL also hitting a new high of nearly $14 billion. The price of Solana’s native SOL coin edged up on Oct. 25 in the wake of a marketwide rally led by Bitcoin (BTC), with the total value locked (TVL) on Solana hitting record highs and SOL’s price seeing a promising technical setup.Bitcoin triggers marketwide rallySOL climbed by more than 6% to hit an intraday high of around $214. The price of SOL is now up a little over 35% over the past week, pushing it closer to its record high of about $222 set in early September.Bitcoin’s run-up to its new....
Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform. Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At the later stages of the....
Coinbase has added wallet support for SOL and Solana-based tokens, and has outlined that it will look to support NFTs and dApps on the blockchain in the future too. Top U.S. crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL). Coinbase cited the surging interest in Solana over the past 12 months as investors look for low-cost alternatives to Ethereum as a key reason behind adding support to the network.The expanded wallet support comes just a few days after the firm launched Coinbase Pay, which enables users to fund their wallets....
Decentralized finance (defi) protocols continue to shine as the total value locked in defi is over $260 billion. While Ethereum started the defi trend and holds the lion’s share of TVL in defi, a great number of decentralized applications (dapps) are supporting a slew of alternative blockchains.
Today’s Most Popular Dapps Support More Than One Network
On November 7, the total value locked in defi is $260 billion according to defillama statistics on Sunday. When defi first started making waves, most of the dapps that people interacted with leveraged the Ethereum....
Here are some underdog coins that could stay a bit under the radar until next year as the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas expected to gain traction in 2022, so it’s worth following them. We can also expect several new projects to emerge on the scene and shake things up. Here are some coins to watch headed into 2022. The 3 Altcoins Ready For 2022 Solana (SOL) One of the strongest altcoins in 2021 that went silent recently but can be expected to have steady growth in 2022 is Solana. It is built on a....