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Solana price, market cap on Coin360 heatmap

Solana(SOL)

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$14.0327
(0.33%)
0.00082628 BTC
Market Cap (Rank#15)
$5,107,402,400
300,735 BTC
Vol 24h
$191,181,395
11,257 BTC
Circulating Supply
363,963,180.47
Max Supply
488,630,611
1h agocryptodaily
Web3 Aims To Foster Creator-Fan Economies Driven By Real Value
Sparked by millions of content creators and their legions of fans, the Web2 ecosystem laid the foundation for a creator-focused economy. As smartphone penetration continued to rise and the internet became easily accessible to billions of users across the globe, this fledgling ecosystem of creators has positioned itself at the epicenter of Web2. However, Web2, due to its overly centralized nature, hasn’t been able to deliver on its promises of a creator-focused ecosystem fully. As of now, dominant Web2 platforms like YouTube, Facebook, Twitter, TikTok, and dozens more effectively control both user-generated content (UGC) and the means of monetization. Web2 Platforms Don’t Really Care About Creators and Fans The hype centered around the creator economy has gradually eroded across the Web2 spectrum, primarily because of the shortcomings of the Web2 model. Historically, most Web2 platforms have forever opted for a more “hands-off” approach toward creator monetization. Creators spend thousands of hours and put in unlimited efforts to create content that they use to build an audience. Unfortunately, existing content-sharing platforms offer little to no support for creators who wish to monetize their content. A few scenarios, such as YouTube’s ad revenue program or TikTok’s billion-dollar creator fund, are exceptions, but they, too, come with several caveats. Meanwhile, mainstream platforms like Instagram, Facebook, and Twitter have forever ignored opportunities to facilitate transactions between creators and their audiences or between creators and brands. The problem here is that most platforms either want to be directly involved in the process, meaning they want to control the entire monetization spectrum, or they want to create models where content creators become fully dependent on their Web2 gatekeepers. For now, content creators only have a handful of options to monetize their content. One option is to strike brand deals and sponsorships. Another potential option is to embed third-party solutions (external links) like Patreon to raise funds. Most social platforms don’t encourage embedding third-party links and sometimes even block such accounts or restrict the reach of their content. This leaves the majority of content creators at the mercy of the platform itself. For example, YouTube content creators have become overly dependent on the platform’s ad revenue model. After all the work and meeting stringent qualifications, creators only receive roughly 45% of the ad revenue. While this sounds enticing, it also means that YouTube essentially controls the content. If content doesn’t meet community standards defined by a handful of executives, creators can be demonetized or lose their channels. And in this tug-of-war between content creators and content-sharing platforms, the fans are generally overlooked. These fans who spend countless hours across platforms, consuming content from their favorite creators, receive nothing in return. Shifting The Web2 Paradigm With Novel Incentivization Models This is where Web3 initiatives come to the rescue. Driven by new-age technologies like blockchain, digital currencies, and NFTs, these platforms are gradually transforming the Web2 approach by granting more power, control, and ownership to both content creators and fans. These initiatives aim to remove centralized authorities and intermediaries from the process, thereby unlocking novel monetization models for creators and their fans. Take, for instance, the community-first approach of Snapmuse. As a full-fledged Web3 ecosystem, Snapmuse overcomes the shortcomings of Web2 platforms by empowering content creators and fans to build (and foster) communities supported by genuine value. The platform takes an uncanny approach towards monetization by allowing content creators to mint NFTs of their content and embed a portion of their ad revenue in these NFTs. This approach works in favor of both content creators and their fans. On the one hand, fans can purchase the NFTs from their favorite content creators, which allows the content creators to unlock an additional revenue stream. This means that creators no longer have to depend on one single monetization source but can instead generate passive revenue streams by both direct NFT sales and subsequent sales across secondary marketplaces. Simultaneously, this approach unlocks potential revenue streams for fans. In the Web2 model, content consumers are largely overlooked. Via Snapmuse’s Web3 model, fans gain their fair share of passive income by supporting content creators they like. Every time a fan purchases an NFT, they unlock a share of the creator’s ad revenue directly embedded in the NFTs. This means fans receive a share of the creator’s ad revenue as well. Snapmuse’s approach lays the foundation for redefining Web2 standards by allowing creators and fans to come together and forge communities driven that are value-added while also revolutionizing the social media experience for millions of creators and fans. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1h agocryptopotato
Calm Before the Storm? Bitcoin Consolidates at $17K (Market Watch)
Bitcoin continues consolidating around $17K, begging the question if this is the calm before the storm.
1h agocryptodaily
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for misrepresenting its financial position. A $36 Million Default It has emerged that crypto firm Orthogonal Trading has defaulted on $36 million worth of loans taken on DeFi lending protocol Maple Finance. The default came after it was revealed that Orthogonal Trading’s funds had become tied up with bankrupt crypto exchange FTX. The default is considered significant, impacting 30% of all active loans on the lending protocol. As a result of the default, Maple Finance has severed all ties with Orthogonal Trading. Orthogonal Trading runs a credit business and a crypto hedge fund. According to the statement released by Maple Finance, it is removing the firm as a borrower on the Maple Finance platform, and also removing Orthogonal Credit as a delegate, and shutting down its lending pools. M11 Credit Issues Default Notice Orthogonal was due to repay a $10 million USDC stablecoin loan from a credit pool managed by M11 Credit. The company was a significant borrower on Maple Finance and also a manager and underwriter of a credit pool on the DeFi protocol. As a result of the default, M11 Credit issued a notice of default to Orthogonal for all of its outstanding loans on Maple’s USDC Stablecoin Pool. The majority of the defaults, amounting to around $31 million, are in the M11 USDC pool, run by M11 Credit. The default notice also covers Orthogonal’s wrapped ether (wETH) loans worth around $5 million. This loan is from another M11 Credit-managed lending facility on Maple. In a blog post, M11 stated that Orthogonal misstated their exposure to FTX. The post added, “We believe that Orthogonal Trading previously purposefully misstated their exposure and has therefore committed a serious breach of the Master Loan Agreement (MLA). Rather than cooperating with us and disclosing their exposure, they attempted to recover losses through further Trading, ultimately losing significant capital.” According to M11 Credit, Orthogonal only informed them on the 3rd of December that it had incurred larger than disclosed losses due to its exposure to FTX and, as a result, would not be able to repay its debt. “We are extremely shocked and disappointed by the actions of Orthogonal Trading. Purposefully misstating information during the numerous contacts we have had over the last weeks severely impacted our ability to manage our outstanding credit risk.” Maple Finance Severs Ties As a result of the default, Maple Finance decided to sever ties with Orthogonal, stating that the company had misrepresented its financial position. In a scathing statement, Maple stated that Orthogonal was “operating while effectively insolvent” and did not communicate to Credit M11 or Maple Finance that it would be unable to service the debt. The statement added, “It is now clear that they [Orthogonal Trading] have been operating while effectively insolvent, and it will not be possible for them to continue operating a trading business without outside investment. Misrepresentation like this is in violation of Maple’s agreements, and all appropriate legal avenues to recover funds will be pursued, including arbitration or litigation as necessary.” According to a Maple Finance spokesperson, the firm expects to recover at least $2.5 million, which will be used to cover the damage from the default. These funds will come from the pool cover and fees accrued by Orthogonal, which are still on the platform. M11 Credit is also considering legal action against Orthogonal, hoping to recover some of the funds. Maple Finance Founder Disappointed By Events Sid Powell, the founder of Maple Finance, revealed that he was shocked and disappointed by the incident. However, he also acknowledged the growing need for more stringent due diligence when it comes to undercollateralized lending. He added that the platform might look to introduce partially collateralized loans moving forward. Powell also assured users that the protocol locks pool funds in separate smart contracts and that the losses were limited only to the impacted pools. Funds in other pools remained safe, Powell stressed. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
15h agocryptopotato
Orthogonal Trading is “Effectively Insolvent,” According to Maple Finance
Orthogonal allegedly lied about its exposure to FTX, which has rendered it unable to pay off its debts.
18h agocryptopotato
Bitcoin Pushes Above $17K But is Another Crash Inbound? (BTC Price Analysis)
Following a massive decline in early November, Bitcoin’s price has consequently suffered from extremely low volatility. The cryptocurrency has been consolidating with serious downward momentum since this significant drop. Technical Analysis By Shayan The Daily Chart After falling below both the yellow trendline and the significant support level of $18K, the price is seeing very […]
19h agocoindesk
Most Influential Artist: Federico Solmi
The Italian artist, a resident of New York City, created a 3D image of Vitalik Buterin and the Ethereum developers for their role orchestrating The Merge, the most consequential upgrade in blockchain history.
19h agocoindesk
Most Influential Artist: Federico Solmi
The Italian artist, a resident of New York City, created a 3D image of Vitalik Buterin and the Ethereum developers for their role orchestrating The Merge, the most consequential upgrade in blockchain history.
19h agocryptodaily
Sparklo (SPRK) opens presale and sells over 15 million tokens in 30 seconds
Sparklo, a new alternative investment platform, has recently launched its presale and is receiving a lot of attention. Within 30 seconds from its pre-sale launch, Sparklo sold over 15 million tokens. This presale performance is quite impressive compared to the success of other popular cryptocurrency projects like Solana (SOL) and Dogecoin (DOGE). Dogecoin (DOGE) Is Losing Its Momentum Dogecoin (DOGE) is the oldest and the most popular meme coin. Even though it is a meme coin, it is possible to see Dogecoin (DOGE) being ranked within the list of top 10 cryptocurrencies. However, Dogecoin (DOGE) is losing momentum now. It reached peak popularity in 2021, but since then, the value of the Dogecoin (DOGE) token has continued to drop. Therefore, investing money in Dogecoin (DOGE) is not a good idea to be considered at all. Solana (SOL) Is Failing To Deliver Significant Returns Solana (SOL) has made significant progress by introducing a super-fast blockchain system for users. Investors are quite thrilled as well because Solana (SOL) is known for delivering outstanding returns for them. However, the current trading value of the Solana (SOL) token is only $13.88. This is expected to fall further in the future. Hence, investors are not encouraged to invest in Solana (SOL). Sparklo (SPRK) Opens Up A New Alternative Investment Opportunity Cryptocurrency investors who are searching for an excellent alternative investment may take a look at Sparklo. Sparklo, being a new initiative, has the potential to deliver promising returns in the future as a potential blue-chip cryptocurrency. Sparklo will be the first cryptocurrency that enables users to buy NFTs backed with real-world assets like gold, silver and platinum. Users who purchase the entire NFT can have the asset delivered to their doorsteps. The Level 1 Presale of Sparklo is happening now and anyone interested can invest in it. The current presale price of Sparklo is only $0.013. This is expected to grow by 4,000% in the next few months. Sparklo has been audited by Interfi Network, and the liquidity of Sparklo will be locked for 100 years, this delivers a safe long-term investment opportunity for everyone. We feel that Sparklo will be a successful investment for those early investors. Find out more about the presale: Buy Presale: https://invest.sparklo.finance Website: https://sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
19h agocryptodaily
The Hideaways (HDWY) Becomes The Best Crypto To Buy Next To Shiba Inu (SHIB) And Solana (SOL)
A new cryptocurrency called The Hideaways (HDWY) appears to have more promise than some of the more established coins like Shiba Inu (SHIB) and Solana (SOL). For the same reason, a lot of people are moving forward with plans to put money into The Hideaways (HDWY). Shiba Inu (SHIB) Stacking Rewards Will Eventually Be Profitable Unlike Dogecoin, which benefits from Musk's support, Shiba Inu does not. The staking benefits offered by the 'Dogecoin killer,' however, set it apart from other cryptocurrencies and could prove to be a major factor. Investors can participate as validators and contributors to the cryptocurrency pool simply by staking or "burying" Shiba Inu coins. Then, as time progresses, they are rewarded with one of three tokens: BONE, SHIB, or LEASH. Therefore, investors can still earn a healthy return by simply holding onto Shiba Inu, even though the cryptocurrency is now experiencing a rough patch. On top of that, since Shiba Inu (SHIBA) is often associated with Dogecoin, Shibas' value may rise with its canine competitor's. Solana (SOL) A Leading Blockchain Platform Since its launch in 2017 on the cryptocurrency market, Solana (SOL) has been a fan favorite among crypto traders. Since then, there has been a dramatic increase in the coin's popularity and user base. Compared to other cryptocurrencies on the market today, Solana (SOL) stands out thanks to its unparalleled combination of security, decentralization, and scalability—it can process up to 65,000 transactions per second. In addition to its impressive transfer rates, the Solana (SOL) network also has several other distinct advantages. It's rare among blockchains because it offers such low-cost transactions. Many cryptocurrency investors consider Solana (SOL) to be one of the best purchases one can make because of the market's emphasis on its practicality. The Hideaways (HDWY) The Next 200x Project According to our crypto specialists, a 200x return is expected for The Hideaways holders by 2023. The Hideaways have paved the door for investors to purchase luxurious properties by offering fractionalized NFTs. More justifications for putting money into The Hideaways (HDWY) are: The German firm Solidproof has previously conducted an audit of the platform to evaluate its efficacy and reliability. The Hideaways (HDWY) developers have taken extra precautions to protect their project by freezing tokens for two years and locking away the liquidity forever. We can confidently predict that The Hideaways (HDWY) will continue to be a successful investment. We strongly advise you to go to the pre-sale for The Hideaways right now and take advantage of the cheap entry price. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
19h agocryptodaily
CBDC track record far inferior to crypto so far
Central bank digital currencies are touted by central banks as the solution to the world’s monetary problems, but they are poorly taken up by populations. As the world’s debt-based monetary system struggles to keep going, the central planners are trying to lay the foundations for a planet-wide roll out of central bank digital currencies. The Bank of International Settlements (BIS), the central bank of central banks, has published an edict that obliges all central banks to issue a CBDC within the next 2 to 3 years. However, as many countries are developing their CBDCs, some countries have already implemented them, and it appears that they haven’t been particularly successful so far, except in the case of China, where a piloting phase is still in operation. e-Naira, JAM-DEX, and DCash The Nigerian iteration of a CBDC is called the e-Naira, and it’s been in circulation since October of 2021. According to Tech Monitor, only 200,000 transactions of the e-Naira, worth around $9.5 million, have been recorded. As of May this year only 80 retail merchants had signed up to use the e-Naira, while downloads of the app had only been made by a mere 0.25% of the population. In the Caribbean it was a similar story. The Jamaican JAM-DEX and DCash were issued in the Eastern Caribbean, though only 3.4% of Jamaicans downloaded the Lynk app for the JAM-DEX, and only 1.72% downloaded the app for DCash. Problems so far have included onboarding merchants, which the Tech Monitor article described as “embarrassingly difficult”. Also, DCash went offline for two months after the certificate for the network that hosts it expired. Crypto vs CBDCs in India India is the fourth largest adopter of cryptocurrencies worldwide. Perhaps this is due to a heavy use of remittances in the country. This particular market was valued at $100 billion this year by the World Bank. However, be that as it may, the Indian government has cracked down heavily on the crypto industry, imposing a 30% tax on crypto trading, and even trying to ban it outright, although this was overturned by India’s Supreme court. It has been posited that CBDCs could theoretically make faster remittance payments, but then that still leaves the not so small matter of Indian citizens completely losing their monetary independence with CBDCs. Bitcoin is a way out Crypto may have gone through the mill over the last few months with all the turmoil from collapsing centralised exchanges, but Bitcoin is still there, and still provides a door out of a future where citizens are beholden to the central bank to be able to spend their money. It could be that CBDCs might not be successful, or citizens could outright refuse to use them. If this should happen, then Bitcoin will be waiting patiently in the wings to provide a sovereign form of real money that holders can spend when and to who they like. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
20h agocryptodaily
Tron (TRX) Falls Behind Litecoin (LTC) And Both Fall To The Hideaways
Over the previous 24 hours, Litecoin (LTC) had a 28% increase. After several weeks of significant losses for cryptocurrencies, Tron falls behind LTC's price increase, falling behind 12.7% in the last week. Litecoin continues to lead the crypto market, leaving Tron and other cryptocurrencies behind. But there still might be hope for TRX. Stop investing in dino-coins like Tron and Litecoin and research new coins such as The Hideaways (HDWY). Is There A Chance For Tron Revival? With a market value of almost $4.7 billion, Tron (TRX) was trading at $0.051675 and had experienced a negative 4.5% increase over the previous day. The oversold reading on TRX's RSI appeared bullish. This gave TRX a good impression since it suggested that the trend would soon reverse. Moreover, during the past week, TRON's development activity has seen positive progress, which is a good indicator of the coin. The remaining metrics, however, were against a price increase. Over the past week, TRON's NFT ecosystem has seen a downturn as its overall NFT trade count and trading volume in USD decreased after peaking. As bears surround TRX, it might struggle to reach a price reversal in the coming months. Litecoin Shoots Up 28.9% Litecoin (LTC) is the 13th largest cryptocurrency in market capitalization. Users are starting to think of LTC as a store of value as the coin's trading volume has increased by 123.12% in the last 24 hours. LTC Foundation stated last week that over 60 million Litecoins had been kept in deep freeze for over a year, guaranteeing bullish signs to investors. To reach the $5 billion market cap, Litecoin will decrease its fresh issuance of LTC from 12.5 to 6.25 for every transaction. Veterans are claiming LTC as the next Bitcoin due to the coin being a low-risk investment. Why The Hideaways Is The Best Utility Token Are you looking for a crypto investment to help you buy your dream property? Thanks to The Hideaways' fractionalized NFT, you can start investing in your dream house for an incredibly cheap price. The team decided to put a two-year time limit on HDWY tokens and a 999-year liquidity freeze, so your investment will be well-spent! Let go of your fear of crypto scams. With the Hideaways, your investment is 100% safe and fool-proof. A leading security and auditing firm, SolidProof, ensured that HDWY smart contracts were safe. The Hideaways Give Investors The Means To Start investing in your dream house for as little as $100. Make stock market investments from the comfort of their own homes. Join a remarkable group of successful real estate investors. If you’re looking for a good investment opportunity, you should look into The Hideaways presale. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
20h agocryptosrus
Vitalik Buterin’s one-stop solution to survive in the crypto market is all you need to know
Vitalik Buterin prioritizes technology over price watching to have a long run in the crypto market Crypto market has lost at least $2.9 billion to crypto scams in 2022 The Ethereum [ETH] co-founder Vitalik Buterin advised weary crypto investors to focus on technology instead of price watching and trading. Buterin shared this advice with […] The post Vitalik Buterin’s one-stop solution to survive in the crypto market is all you need to know appeared first on CryptosRus.
21h agocoindesk
The Teen Dropping $20M in NFTs
Following his breakout year as an NFT artist, this 19-year old sold a generative art collection of "paint drop" NFTs for $20 million. That’s why FEWOCiOUS is one of CoinDesk’s Most Influential 2022.
21h agocryptodaily
The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience
Amsterdam, Netherlands, 5th December, 2022, ChainwirePioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. The ambitious move is designed to raise the bar for the wider digital fashion industry, and lead a shift in focus away from the bear market to building Web3 experiences that create long-term, high-value engagement. The OG digital fashion player is famous for its world-leading craftsmanship, gaining global prominence when it was founded as the world’s first digital fashion house in 2018. It sold the first-ever digital garment on blockchain for 54 ETH in 2019 ($9,500 at the time). Notable collabs with physical brands such as Off-White, Adidas and World of Women contributed to it raising $14M in Series A funding in April this year. Wholeland is described as a digital fashion story and a visually rich journey of self-discovery that unfolds across 7 chapters. Each chapter includes digital couture, AR wearables, co-creation, fashion shows, metaverse meet-ups and airdrops. Access to Wholeland can only be gained through minting one of The Fabricant’s pieces of AR facewear, called XXories, that act as a key to the wider experience. Anyone can apply to Join the waitlist to mint an XXorie through The Fabricant website. The WHOLELAND concept asks participants to fearlessly express all that they are through digital fashion, exploring parts of their identity that they might not share in the physical world. Digital fashion fans will see the story unfold as they journey through the different chapters, with the ability to take advantage of various benefits as they progress. Wholeland’s opening chapter has multiple points of interaction for participants: The XXories, 7 pieces of bold digital facewear that elevate virtual self-expression, and act as a key to the experience The Kappers - headpieces that mix historic Dutch style with a contemporary clubland aesthetic ready for co-creation The Looks, Couture garments that invite fearless digital fashion expression Secret Drops and groundbreaking collabs with the hottest digital artists and innovative brands And ultimately, the Wholeland metaverse - an immersive digital fashion world of highly crafted visual storytelling It all starts with the mint of the XXories in February, so sign-up to the waitlist to get access to the most innovative fashion experience in Web3. About The Fabricant thefabricant.com | @thefabricant | @the_fab_ric_ant | discord.gg/thefabricant The Fabricant is a digital-only couture house that splices fashion with tech to redefine craftsmanship for the virtual space. It was founded in 2018 from a desire to sabotage the fashion world’s cultural complacency and reimagine what fashion could be as an entirely non-physical experience. Through its co-creation platform, it is leading a digital fashion revolution that puts creators first and is committed to building a sustainable and equitable fashion industry where everybody thrives.ContactTheo LasserreThe [email protected]
21h agocoindesk
Empire of the Bored Apes
Yuga Labs has grown beyond the wild success of its Bored Ape Yacht Club collection to become an NFT powerhouse with a $4 billion valuation and big plans in the metaverse. That’s why Wylie Aronow, Greg Solano and Nicole Muniz are three of CoinDesk’s Most Influential 2022.
21h agocoindesk
Crypto Developers Reveal the Perils of Anonymity
The total value locked on the Solana network reached billions of dollars, based in part on sham protocols by two brothers working under multiple aliases. For showing how divorced TVL can be from the truth, Ian and Dylan Macalinao share a spot on CoinDesk’s Most Influential 2022.
22h agocointelegraph
SEBA Bank partners with HashKey for institutional crypto adoption
The two firms will create solutions for institutional investors seeking to dive into the crypto ecosystem.
1 day agocointelegraph
Bitcoin price consolidation could give way to gains in TON, APE, TWT and AAVE
If Bitcoin rises above its overhead resistance, TON, APE, TWT and AAVE could begin to tack on outsized gains.
2 days agocryptodaily
DAM Deploys Testnet For Decentralized d20 Omnichain Stablecoin
Web3 banking DAO, DAM Finance (DAM), has successfully rolled out its Moonwalker v1 testnet on Moonbeam’s Moonbase Alpha and Ethereum’s Goerli Testnet. The testnet, now live on both networks, allows users to experiment with DAM’s innovative lock-and-mint solution backed by the omnichain stablecoin d20, DAM’s proprietary dReservoir, and its Linked Multi-Collateral Vault (LMCV). Users can now first-hand experience minting d20 stablecoins on one chain and seamlessly “teleporting” them onto another chain, and vice-versa, with the Moonwalker v1 testnet. Upon completion of the testnet phase, DAM will introduce its mainnet, unlocking support for a broader range of assets. Interested users can access the Moonwalker v1 testnet by connecting their Metamask wallets. Once connected, users should add Moonbase Alpha and Goerli Testnet as supported networks under their Metamask accounts. After adding support for the testnets to their accounts, participating testers can acquire Moonbase Alpha’s native DEV token and Goerli Testnet’s Goerli ETH token. Users can then swap their Goerli ETH to USDC by accessing the Goerli Uniswap interface and then login to the latest version of the DAM app deployed on Netify. On the DAM app, testnet users can test the functionality of DAM Finance’s protocol by simply swapping their USDC for d20. This enables users to teleport d20 from the Goerli Testnet to Moonbase Alpha, and then teleport it back to Goerli Testnet, before finally burning the d20 to release an equivalent amount of USDC. The DAM team has also urged participants to provide feedback and share their experiences about their product's overall user experience and interface, which they will implement in future updates before the mainnet is live for public use. Overcoming Cross-Chain Liquidity Problems Unlike other centralized stablecoins, DAM Finance’s d20 is designed as a portfolio-backed omnichain stablecoin, meaning users can mint d20 on any EVM-compatible chain with existing assets at a 1:1 ratio, move them to another independent chain, as well as move them back to the originating chain to swap them for other assets. The distinctive selling point of DAM Finance is its function that enables borrowers to mint d20 stablecoins from baskets of tokens that are deposited all at once in a single transaction. In contrast to the "wrapped token" feature currently available via cross-chain bridges, DAM's Layer-0 infrastructure makes it possible to easily teleport d20 across chains as a native-level asset through its dReservoir and the Linked Multi-Collateral Vault (LMCV), bridging liquidity between standalone networks. This functionality gives borrowers more leeway in the generation of purchasing power and the management of vaults while making it possible to use a wider variety of blockchain-secured assets as collateral. DAM’s Co-Founder Harrison Comfort explains, “We want to champion innovation by making it easier to securely direct stablecoin liquidity away from Ethereum towards newer networks without the constant vulnerabilities posed by bridges. d20 will help accelerate the adoption flywheel of emerging networks, and this is our first step towards making our omnichain promise a reality.”
2 days agonulltx
Experts Recommend Dropping Solana (SOL) and Polkadot (DOT) For Orbeon Protocol (ORBN)
With altcoins and new crypto projects springing up on the market every single day, it’s hard to find promising ones before they skyrocket to the moon. With that in mind, there are some hidden gems, however, that could still see you reap massive benefits in 2023 and beyond. If you’ve already heard about Solana (SOL), […] The post Experts Recommend Dropping Solana (SOL) and Polkadot (DOT) For Orbeon Protocol (ORBN) appeared first on NullTX.
2 days agocryptodaily
ApeCoin (APE) And Enjin Coin (ENJ) Hit Roadblocks As Flasko (FLSK) Soars
The cryptocurrency industry has been devastated by the negative downturn this year, with the second most popular crypto exchange filing for bankruptcy a few weeks ago. These events have made some investors doubt the viability of renowned currencies like ApeCoin (APE) and EnjinCoin (ENJ). New initiatives have responded to the situation and shined a bright beacon of hope due to sharply lowering costs. One of these initiatives, Flasko, has attracted much interest and is presently in the second round of its presale. ApeCoin (APE) To Soon Introduce Staking Implementing ApeCoin (APE) staking is now the most vital driver for the coin. Horizon creator Horizon Labs has been focusing on the capability to stake ApeCoin (APE) these last few months. Unfortunately, the unique weekly members of ApeCoin (APE) have been progressively falling over the past few months and haven't yet reached the currency's initial high. Even though ApeCoin (APE) is intended to be used as a transaction token in the APE ecosystem, its price is currently $4.10, and holders are jumping ship. Enjin Coin (ENJ) Under Serious Pressure Players may purchase game goods in various Metaverses and virtual worlds using the Enjin Coin (ENJ). It acts as a standard currency that users may trade for advantages in addition to being employed to buy NFTs. But, with the Metaverse not taking off like predicted, the Enjin Coin (ENJ) has also suffered. The Enjin Coin (ENJ) is currently worth $0.3139, a 31% drop in the last month. This fall is a bad omen, and Enjin Coin (ENJ) holders are looking for another coin with more profit potential to add to their investment portfolio. Flasko (FLSK) To Offer Substantial Improvements While Enjin Coin (ENJ) and ApeCoin (APE) are waiting for broader Metaverse adoption, the presale for Flasko is advancing. But what does it offer? Flasko presents an alternative investment platform that enables purchases of premium champagne, wines, and whiskeys which Flasko will create as fractionalized NFTs. The benefit of purchasing a full NFT over a fractional one is that you can get the actual bottle(champagne, whiskey, or wine) underpinning the NFT. When we mention Flasko, we also must mention security. Flasko excels with an audit complete through Solid Proof and locked liquidity for 33 years; these are significant measures to prevent rug-pull scares! Flasko is relatively young but has reached Stage Two in just a blink of an eye. And with a current price of just $0.099, we can see why interest keeps growing. Buying early will bring you more profits in the future. And that notion is true, with crypto experts predicting a 4,000% surgeand a price of $4 by May 2023. If you would like to be a part of this future blue-chip token, visit the links below: Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
2 days agocryptodaily
Flasko (FLSK) To Be A Strong Competitor To Huobi Token (HT) And The Sandbox (SAND
Investors are searching for profitable investment opportunities due to the unfavorable economic climate that caused the FTX and BlockFi collapse. Nearly all coins have been impacted by this downward trend, with some falling and losing 90% of their value. It's hard to locate a currency that the industry's total downswing hasn't influenced. The Huobi Token (HT) and The Sandbox (SAND), two well-known coins, are not immune to this sudden price drop. Despite the unfavorable market, coins with solid foundations, like Flasko, are ready to outperform other currencies. Huobi Token (HT) Not A Viable Long-Term Investment The Huobi Token (HT) offers a few particular advantages to Huobi users, but its primary purpose is to maintain the efficiency of Huobi's exchange. The Huobi Token (HT) is used as a tool to take on Binance and its native BNB cryptocurrency. In the last seven days, Huobi Token (HT) saw a rise of 31% because Huobi partnered with Dominica to help launch its national token, DMC. Nevertheless, an investment in Huobi Token (HT) is not a good idea since it went down 5% on the last day alone. Investing in projects with more room for growth is the way to go. The Sandbox (SAND) With More Price Drops To Come Last year, the Metaverse coin The Sandbox (SAND) came on the scene with a bang. The hype surrounding The Sandbox (SAND) helped it reach its peak of $8.44, but it has all been downhill since then. It is currently down 93% from that point while trading at $0.5881. And with the recent 35% drop in just one month, we can see that The Sandbox (SAND) bearish trend continues. Experts predict that this price will continue to sink, and The Sandbox (SAND) holders are migrating to better projects with upside. Flasko (FLSK) Has Actual Use Cases Compared To HT And SAND As seasoned investors know, finding projects with unique ideas and real-world applications is the fastest method to progress in cryptocurrencies. And that is why Flasko is a better investment than Huobi Token (HT) and The Sandbox (SAND). Flasko will introduce the first and best alternative-investment platform that will combine the cryptocurrency sector and the trillion-dollar appreciating wine, whiskey, and champagne industry. This rising industry provides investors with 28% yearly returns; thus, tapping into it is bound to yield profits! On the Flasko platform, fractionalized NFTs backed by real-world asset will be made available for buying and selling. Flasko will partner with up-and-coming premium beverage start-ups to give them a platform to market their products and reach a new audience. For users who invest a tremendous amount, Flasko will provide three VIP tiers or Clubs, as they call them: Wine, Whiskey, and Champagne. These come with many perks and benefits! There has never been a better time to invest in Flasko and benefit from its distinctive value offer than now when tokens are available for only $0.085 each. And with the price predicted to surge 4,000% in 2023, we recommend checking Flasko out! Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days agocointelegraph
NFT Steez and Victor Solomon chat about building in Web3 and the Metaverse
This week NFT Steez spoke to award winning artist Victor Solomon about basketball, the Metaverse, Web3 and his unique NFT collection.
3 days agocryptopotato
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About Solana

The live price of Solana (SOL) today is 14.0327 USD, and with the current circulating supply of Solana at 363,963,180.47 SOL, its market capitalization stands at 5,107,402,400 USD. In the last 24 hours SOL price has moved 0.1498 USD or 0.01% while 197,904,670 USD worth of SOL has been traded on various exchanges. The current valuation of SOL puts it at #15 in cryptocurrency rankings based on market capitalization.

Learn more about the Solana blockchain network and how it works or follow the price of its native cryptocurrency SOL and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in March 2020 by software engineers Anatoly Yakovenko and Greg Fitzgerald, Solana (SOL) is a third-generation blockchain that aims to solve the blockchain trilemma of accomplishing three crucial objectives - security, scalability and decentralization.

Allowing for the easy creation of efficient DApps, Solana is widely perceived as a direct competitor to Ethereum. While Ethereum’s scalability issues were tackled through Layer-2 blockchains, Solana aimed to overcome its own by creating a much-improved underlying infrastructure, capable of providing cost-effective and faster transactions.

Owing to its unique hybrid consensus model, Solana has gained rapid popularity among individuals as well as big institutional investors/traders.

Solana’s decentralized blockchain supports the development of a wide array of DeFi (Decentralized Finance) solutions, including the creation of user-friendly and scalable smart contracts, and decentralized applications. Some of the well-known projects developed on Solana include Saber (DEX), Hoglympics (P2E Game), Orca (DeFi) and Solsea (NFT Marketplace).

One of the biggest reasons behind Solana's popularity is its affiliation with FTX and its founder Sam Bankman-Fried, who is a vocal supporter of the network.

SOL price

SOL price fluctuated between $0.5 and $4 during 2020. According to our SOL live price chart, the coin proved to be one of the best-performing crypto assets during the bull run of 2021. It began its surge in early February 2021, touching $18.2 by Feb 24, and then closing in on $60 in May. 

SOL coin’s all-time high arrived later in November 2021, when it breached multiple resistance levels and peaked at almost $260 on Nov. 6, 2021. SOL’s fully diluted valuation at the time was over $125 billion.

Many other cryptocurrencies were also registering their own ATHs on the back of bullish market sentiment around this time. However, in SOL’s case, the coin was also receiving market-wide support and forming noteworthy institutional alliances, including with the likes of FTX crypto exchange and Grayscale investments. The price of SOL has lost a fair bit of ground since its 2021 surge, plummeting down to under $40 in Q2, 2022.

How SOL works

Solana employs an innovative hybrid consensus algorithm that combines the conventional Proof-of-Stake (PoS) system with a novel Proof-of-History (PoH) mechanism, thus adding new blocks every 400 milliseconds. An internal scalability test conducted on Solana revealed that it can process over 47,000 transactions per second at peak levels. PoH plays a key role in Solana’s functioning, by serving as its Chain Selection Rule. PoS, on the other hand, is the Solana blockchain’s Sybil Resistance Mechanism. 

Solana’s super-efficient hybrid protocol facilitates significantly reduced validation times for both smart contract execution as well as the processing of transactions. The blockchain has been created to serve the interests of both enterprise users and small customers.

SOL, the native token of Solana, is used to pay transaction fees for running smart contracts (DApp interactions) and processing transactions on its network. The coin is also used for staking purposes. SOL holders can either directly stake their coins, or delegate their SOL holdings to validators, who in turn help secure the network. SOL has an inflation rate of 8% per annum, which will decrease by 15%, year-over-year, thus accomplishing the long-term fixed inflation rate of 1.5% per annum, in the future.

SOL news, updates and highlights

The New York-based crypto asset management firm, Grayscale Investments, added Solana to its list of offerings in October 2021, after SOL witnessed an amazing bull run that year. It included the coin as a part of the Grayscale Digital Large Cap Fund (GDLC) portfolio and allocated over 3% of its investments to SOL. 

In another significant SOL news, Coinbase, the top-most crypto exchange in the United States, added wallet support for SOL coin as well as Solana-based tokens. The company cited growing investor interest in SOL as the main reason behind this development. With Ethereum still facing scalability issues owing to its high fees and low transaction throughput, investors are looking for low-cost alternatives, and as per Coinbase, Solana is just the right fit.

Frequently asked questions about SOL

  • Can you mine or stake SOL?

No, you cannot mine SOL. However, it’s possible to stake your SOL coins and earn inflation rewards. Learn more here.

  • What are some of the best SOL wallets?

Some of the best SOL wallets as recommended by Solana's official website are Phantom, StrikeX, Trust Wallet, Trustee Wallet, Solareum Wallet, Atomic and Exodus.  

  • What can you do with SOL coins?

You can use your SOL coins to pay transaction fees on the Solana network. You may even stake your tokens to secure the Solana blockchain and earn staking rewards in return.

  • How to buy SOL?

Check SOL trading pairs with coins like BTC, ETH, USDT, XRP, MATIC, etc. on established crypto exchanges, to buy SOL cryptocurrency.

Solana Price14.0327 USD
Market Rank#15
Market Cap5,107,402,400 USD
24h Volume191,181,395 USD
Circulating Supply363,963,180.47 SOL
Max Supply488,630,611 SOL
Yesterday's Market Cap5,033,958,000 USD
Yesterday's Open / Close13.6811 USD / 13.8309 USD
Yesterday's High / Low14.1428 USD / 13.6231 USD
Yesterday's Change
0.01% ( 0.1498 USD )
Yesterday's Volume197,904,670 USD
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