SolanaBlockchain
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Solana faced two main issues in 2024 so far:
Network Outages: There was a significant outage on February 6, 2024, lasting about 5 hours. This wasn't the first outage, and it raised concerns about the network's stability.
Network Congestion: In the first quarter, a surge in memecoin activity caused congestion on the blockchain. This made it difficult for users to complete transactions. The developers released a beta update in April to address this issue.
Here are some resources for further reading:
Solana Network Performance Report: March 2024 Solana official website
Solana developers rally to combat network congestion The Block
#solana #SolanaBlockchain #solananews #crypto #Megadrop #sol
Network Outages: There was a significant outage on February 6, 2024, lasting about 5 hours. This wasn't the first outage, and it raised concerns about the network's stability.
Network Congestion: In the first quarter, a surge in memecoin activity caused congestion on the blockchain. This made it difficult for users to complete transactions. The developers released a beta update in April to address this issue.
Here are some resources for further reading:
Solana Network Performance Report: March 2024 Solana official website
Solana developers rally to combat network congestion The Block
#solana #SolanaBlockchain #solananews #crypto #Megadrop #sol
LayerZero Expands to #SolanaBlockchain
๐ฐ Crypto holders on Solana will be able to transfer their #assets to Arbitrum, Ethereum, Polygon, and over 70 other connected chains, and vice versa.
๐ The crypto bridging protocol #LayerZero is set to integrate with the Solana blockchain, creating an additional pathway for crypto assets to move between Ethereum and its largest competitor.
๐ #LayerZeroLabs , the developer of the bridging protocol, announced that this expansion will enable seamless asset transfers for Solana users to and from Arbitrum, Ethereum, Polygon, and the numerous other chains it supports.
Hmmm, maybe it will at least help boost activity on the LayerZero network, which has fallen to its lowest level in a year. ๐ง
#EarnFreeCrypto2024
๐ฐ Crypto holders on Solana will be able to transfer their #assets to Arbitrum, Ethereum, Polygon, and over 70 other connected chains, and vice versa.
๐ The crypto bridging protocol #LayerZero is set to integrate with the Solana blockchain, creating an additional pathway for crypto assets to move between Ethereum and its largest competitor.
๐ #LayerZeroLabs , the developer of the bridging protocol, announced that this expansion will enable seamless asset transfers for Solana users to and from Arbitrum, Ethereum, Polygon, and the numerous other chains it supports.
Hmmm, maybe it will at least help boost activity on the LayerZero network, which has fallen to its lowest level in a year. ๐ง
#EarnFreeCrypto2024
#write2earn
SOLANA BOOSTS VALIDATOR EARNINGS WITH NEW GOVERNANCE PROPOSAL
#solana #solanaValidators #SolanaBlockchain $SOL
Solana validators are set for increased earnings with the approval of governance proposal on May 27. This proposal reallocates all priority fees to network validators, removing the token-burning mechanism. Despite some mixed reactions, the proposal garnered significant support, with 77% of the community voting in favor.
Efficiency vs. Inflation
Concerns over the existing system's potential for private deals led to the proposal's creation. Redirecting all priority fees aims to align incentives and improve network integrity. While some validators worry about increased inflation without the burn mechanism, others see it as a step towards enhancing efficiency.
Performance and Challenges
Solana has faced congestion issues in the past, with transaction fees hitting a high in March. Despite impressive transaction throughput, the network has experienced outages due to heavy traffic and bot activity.
However, Solana's unique Proof of Hold consensus mechanism allows for rapid transaction processing.
Looking Ahead
With the fee redistribution, Solana validators are poised for increased earnings, potentially addressing congestion issues and improving network efficiency. As Solana continues to navigate challenges, its unique technology positions it as a contender in the crypto space.
SOLANA BOOSTS VALIDATOR EARNINGS WITH NEW GOVERNANCE PROPOSAL
#solana #solanaValidators #SolanaBlockchain $SOL
Solana validators are set for increased earnings with the approval of governance proposal on May 27. This proposal reallocates all priority fees to network validators, removing the token-burning mechanism. Despite some mixed reactions, the proposal garnered significant support, with 77% of the community voting in favor.
Efficiency vs. Inflation
Concerns over the existing system's potential for private deals led to the proposal's creation. Redirecting all priority fees aims to align incentives and improve network integrity. While some validators worry about increased inflation without the burn mechanism, others see it as a step towards enhancing efficiency.
Performance and Challenges
Solana has faced congestion issues in the past, with transaction fees hitting a high in March. Despite impressive transaction throughput, the network has experienced outages due to heavy traffic and bot activity.
However, Solana's unique Proof of Hold consensus mechanism allows for rapid transaction processing.
Looking Ahead
With the fee redistribution, Solana validators are poised for increased earnings, potentially addressing congestion issues and improving network efficiency. As Solana continues to navigate challenges, its unique technology positions it as a contender in the crypto space.
๐ Solanium Hints at Airdrop: Solanium, a decentralized launchpad built on the Solana (SOL) blockchain, has teased a potential airdrop in a recent announcement. While details remain undisclosed, the post suggests the possibility of an airdrop, asking if the community is ready for it. Solanium (SLIM) is currently trading at $0.2336, up 1.59%. ๐ชโ๏ธ #Solanium #airdropbox #SolanaBlockchain
LIVEDominando Cripto
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#Solana (SOL) reviewed the liquidation levels of the last 7 days and successfully filled the liquidation zones related to the past 30 days. ๐ฅ
In general, the majority of new liquidations are below the current price. A liquidity pool is forming at 64 USD. However, below this value, we have regions at 52, 50, 48, and 37 USD, which are areas of interest for significant liquidations of leveraged traders with long positions.
In summary, it is likely that at any moment, $SOL will experience a Long Squeeze.
In general, the majority of new liquidations are below the current price. A liquidity pool is forming at 64 USD. However, below this value, we have regions at 52, 50, 48, and 37 USD, which are areas of interest for significant liquidations of leveraged traders with long positions.
In summary, it is likely that at any moment, $SOL will experience a Long Squeeze.
Solana Sees Record-Breaking Monthly Active Addresses in December
#sol In a remarkable surge, the #SolanaBlockchain has witnessed an extraordinary increase in user engagement this December. The total count of active addresses on the network has reached a groundbreaking number, surpassing 15.6 million. This figure not only shows a significant jump of approximately 50% from Novemberโs statistics but also outdoes the previous high of 15.2 million seen back in January.Why the Surge in Newcomers?Solanaโs appeal to new users is evident from the 6.8 million brand new addresses registered in December alone, edging past the previous high of 6.6 million in May 2023. This influx of new users signifies a growing interest and trust in the #Solanaecosystem , marking an important milestone for the network.Solana has been making strides in enhancing its platformโs stability and transaction efficiency, which are key factors for user retention and attracting new participants.Despite these impressive figures, Solanaโs non-voting transactions, which include monetary transfers and smart contract activations, havenโt yet surpassed their November numbers. These transactions are critical as they reflect actual user activity on the network.On a different note, Solanaโs market value seems to be hitting a plateau. Technical indicators, such as the Relative Strength Indicator (RSI) and trading volumes, are showing a divergence from the increasing prices, suggesting that a bearish trend might be on the horizon.Market Movements and Future PredictionsSolanaโs current market position indicates a possible shift. If the market takes a downward turn, $SOL โs value might drop below the $100 mark, aligning with the 0.382 Fibonacci retracement level. On the flip side, a rise above the $130 mark, which aligns with the 0.5 Fibonacci line, could propel the value towards $155.At press time, SOL was worth $112. The network has recently surpassed the 38.2% Fibonacci retracement level, taking into account its performance from November 2021 to December 2022. #investors are now keenly watching the 50% retracement level, around $134, to gauge the networkโs future trajectory.Considering all these factors, Solana seems all ready for a bull run. The combination of a significant increase in active and new addresses, along with its current market position, paints a heavily promising picture.๐ฃ๐ฃEmpower Our Mission: Tips For Dedicated Service. ๐ฃ๐ฃ๐Users are encouraged to support the mission by offering generous tips.๐ฃThis empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #BinanceWish @WISE CRYPTO NEWS
๐ Crypto Market Update: Meme Tokens Facing Challenges Amidst Market Struggles! ๐๐
The crypto sphere is witnessing fluctuations, impacting meme tokens on the Solana (SOL) blockchain. Notable tokens like Bonk (BONK), dogwifhat (WIF), and analoS (ANALOS) are experiencing varying trajectories.
Bonk (BONK): A Battle for Support
With BONK trading at $0.00001102, marking a 20.70% decline in the last seven days, attention focuses on its critical support at $0.00001129. Bulls need to defend this level for a potential recovery. If sustained, a retest of $0.00001565 could be on the horizon. Signals from the RSI hint at renewed bullish momentum, projecting a possible move to $0.000012.
Dogwifhat (WIF): Signs of Recovery
WIF showcases a different narrative, exhibiting signs of recovery. With a strategic move flipping resistance at $0.28, WIF climbed to $0.32. Increased buying pressure may propel WIF to $0.40, supported by indications from the Bollinger Bands and Awesome Oscillator.
AnaloS (ANALOS): Struggling Amidst Decline
ANALOS faces a challenging scenario with a 93.85% decline from its all-time high. Positioned at number 914 in market cap rankings, it struggles to garner buyer interest. The MACD indicates bearish momentum, and the
Accumulation/Distribution (A/D) suggests limited recent accumulation, minimizing the chances of a significant revival.
๐ Conclusion: Meme Tokens at a Crossroads
Meme tokens navigate a complex market environment, with BONK poised for potential recovery, WIF showing signs of resilience, and ANALOS facing uphill challenges. Traders and enthusiasts closely watch these dynamics, anticipating shifts in momentum.
#TradeNTell #BONK #WIF #SolanaBlockchain #Write2Earn
$BONK $BTC $ETH
The crypto sphere is witnessing fluctuations, impacting meme tokens on the Solana (SOL) blockchain. Notable tokens like Bonk (BONK), dogwifhat (WIF), and analoS (ANALOS) are experiencing varying trajectories.
Bonk (BONK): A Battle for Support
With BONK trading at $0.00001102, marking a 20.70% decline in the last seven days, attention focuses on its critical support at $0.00001129. Bulls need to defend this level for a potential recovery. If sustained, a retest of $0.00001565 could be on the horizon. Signals from the RSI hint at renewed bullish momentum, projecting a possible move to $0.000012.
Dogwifhat (WIF): Signs of Recovery
WIF showcases a different narrative, exhibiting signs of recovery. With a strategic move flipping resistance at $0.28, WIF climbed to $0.32. Increased buying pressure may propel WIF to $0.40, supported by indications from the Bollinger Bands and Awesome Oscillator.
AnaloS (ANALOS): Struggling Amidst Decline
ANALOS faces a challenging scenario with a 93.85% decline from its all-time high. Positioned at number 914 in market cap rankings, it struggles to garner buyer interest. The MACD indicates bearish momentum, and the
Accumulation/Distribution (A/D) suggests limited recent accumulation, minimizing the chances of a significant revival.
๐ Conclusion: Meme Tokens at a Crossroads
Meme tokens navigate a complex market environment, with BONK poised for potential recovery, WIF showing signs of resilience, and ANALOS facing uphill challenges. Traders and enthusiasts closely watch these dynamics, anticipating shifts in momentum.
#TradeNTell #BONK #WIF #SolanaBlockchain #Write2Earn
$BONK $BTC $ETH
#$SOL $BTC $ETH ๐ Solana's Soaring Journey: Unraveling the Crypto Efficient Revolution! ๐
๐น SOL Price Update: $93.9 โ 9.36% Surge in the Last 24 Hours! ๐
๐ฎ Dive into the Future: Solana Price Prediction Unveiled! ๐
๐ Stats Snapshot:
- Market Cap: $13.45B
- Circulating Supply: 416.86M SOL
- 7-Day Change: +34.41% ๐
๐ Technical Insights:
- 50-Day SMA: $58.35 ๐
- 200-Day SMA: $30.83 ๐
- 14-Day RSI: 67.69 ๐
๐ก Why Solana? Explore the Bullish Sentiment and Greed Index at 70! ๐๐
๐ฎ SOL Price Forecast: Brace for a Thrilling Ride! ๐ข
- Predicted Drop: -4.43% by December 23, 2023 โณ
๐ Join the Solana Revolution! #sol #SolanaGems #SolanaBlockchain #BinanceWish #sol
๐น SOL Price Update: $93.9 โ 9.36% Surge in the Last 24 Hours! ๐
๐ฎ Dive into the Future: Solana Price Prediction Unveiled! ๐
๐ Stats Snapshot:
- Market Cap: $13.45B
- Circulating Supply: 416.86M SOL
- 7-Day Change: +34.41% ๐
๐ Technical Insights:
- 50-Day SMA: $58.35 ๐
- 200-Day SMA: $30.83 ๐
- 14-Day RSI: 67.69 ๐
๐ก Why Solana? Explore the Bullish Sentiment and Greed Index at 70! ๐๐
๐ฎ SOL Price Forecast: Brace for a Thrilling Ride! ๐ข
- Predicted Drop: -4.43% by December 23, 2023 โณ
๐ Join the Solana Revolution! #sol #SolanaGems #SolanaBlockchain #BinanceWish #sol
๐ $SOL falls 4% within the hour amid reports of the blockchain experiencing downtime
โณ The last major outage for Solana's blockchain occurred on Feb 25, 2023, lasting 18 hours and 50 mins.
#SolanaDown #SolanaBlockchain
โณ The last major outage for Solana's blockchain occurred on Feb 25, 2023, lasting 18 hours and 50 mins.
#SolanaDown #SolanaBlockchain
Solana NFTs are experiencing more trading volume compared to those on the Ethereum network.
#SolanaDeFi #SolanaBlockchain #NFTs๐๐ผ๏ธ๐ฉ๐ช #CryptoisBetter #CryptoNews๐๐ฐ๐ซ
#SolanaDeFi #SolanaBlockchain #NFTs๐๐ผ๏ธ๐ฉ๐ช #CryptoisBetter #CryptoNews๐๐ฐ๐ซ
Securing Your Crypto Investments
๐ Protect Your Investments: The Power of Advanced Security Features
In the fast-paced world of cryptocurrency, security is paramount. With increasing incidents of rug pulls and scams, it's crucial to have robust protection mechanisms in place. Innovative solutions like AI-driven anti-rug pull technologies are revolutionizing the way we secure our assets. Stay ahead of the curve and safeguard your investments with cutting-edge security features.
#SolanaForgeStrong #SFGToken #InvestmentProtection #SolanaBlockchain #BinanceLaunchpool
๐ Protect Your Investments: The Power of Advanced Security Features
In the fast-paced world of cryptocurrency, security is paramount. With increasing incidents of rug pulls and scams, it's crucial to have robust protection mechanisms in place. Innovative solutions like AI-driven anti-rug pull technologies are revolutionizing the way we secure our assets. Stay ahead of the curve and safeguard your investments with cutting-edge security features.
#SolanaForgeStrong #SFGToken #InvestmentProtection #SolanaBlockchain #BinanceLaunchpool
๐ Discover the Latest Innovations in the Helium Network ๐
Helium, the pioneering decentralized wireless network, has unveiled a series of groundbreaking updates in 2024. From strategic partnerships to technological advancements, Helium continues to shape the future of connectivity.
๐น Migration to Solana Blockchain: Experience enhanced scalability and lower transaction costs as Helium transitions to the Solana blockchain.
๐น Partnership with Telefรณnica: Explore Helium's expansion into new markets with mobile hotspots in Mexico.
๐น Network Expansion: Witness the growth of the fastest-growing decentralized wireless network, now with over 850,000 Hotspots.
๐น Price Performance: Delve into the market's response to Helium's developments and its impact on HNT's value.
๐น Future Outlook: Gain insights into AI predictions and the potential price increase for HNT following the 2024 Bitcoin halving.
Stay ahead of the curve in the ever-evolving world of decentralized connectivity. Check out our comprehensive analysis and discover what these updates mean for Helium and the broader wireless network ecosystem.
๐ Read the full article here
Share your thoughts and join the conversation on Helium's journey in #2024 .
Let's explore the boundless possibilities of decentralized connectivity together!
#HeliumNetwork #DecentralizedConnectivity #SolanaBlockchain
#HotTrends
Helium, the pioneering decentralized wireless network, has unveiled a series of groundbreaking updates in 2024. From strategic partnerships to technological advancements, Helium continues to shape the future of connectivity.
๐น Migration to Solana Blockchain: Experience enhanced scalability and lower transaction costs as Helium transitions to the Solana blockchain.
๐น Partnership with Telefรณnica: Explore Helium's expansion into new markets with mobile hotspots in Mexico.
๐น Network Expansion: Witness the growth of the fastest-growing decentralized wireless network, now with over 850,000 Hotspots.
๐น Price Performance: Delve into the market's response to Helium's developments and its impact on HNT's value.
๐น Future Outlook: Gain insights into AI predictions and the potential price increase for HNT following the 2024 Bitcoin halving.
Stay ahead of the curve in the ever-evolving world of decentralized connectivity. Check out our comprehensive analysis and discover what these updates mean for Helium and the broader wireless network ecosystem.
๐ Read the full article here
Share your thoughts and join the conversation on Helium's journey in #2024 .
Let's explore the boundless possibilities of decentralized connectivity together!
#HeliumNetwork #DecentralizedConnectivity #SolanaBlockchain
#HotTrends
SPL Token-2022 on Token Metadata
If you're familiar with the world of NFTs (non-fungible tokens) on the Solana blockchain, you've probably come across the term "token metadata." But what exactly is token metadata?ย
Token metadata refers to the information associated with an NFT. It provides essential details about the token, such as its name, description, image, attributes, and more. Think of it as the digital passport of an NFT, containing all the necessary information to identify and understand the token.
SPL Token-2022 is the latest token program on the Solana blockchain.
What is SPL Token-2022?
SPL Token-2022 is a token program built on the Solana blockchain. It provides a framework for creating both fungible and non-fungible tokens. With SPL Token-2022, developers can easily create and manage tokens with unique properties and functionalities.
To use Token-2022, you need to specify it as the token program to use when creating or interacting with mint and token accounts. You can also use the Token Metadata program to initialize a Token-2022 mint, create metadata and mint tokens using the Create and Mint instructions. The Token Metadata program also enforces restrictions on the type of extensions that can be present on mint and token accounts based on the Token Standard.
Token Metadata and SPL Token-2022
SPL Token-2022 introduces a standardized approach to Token Metadata on the Solana blockchain. It allows developers to associate metadata with their tokens, making it easier to identify and display token information accurately. This standardization ensures consistency and compatibility across different applications and platforms.
Want to learn more about Token Metadata? Check out the official twitter of Metaplex ๐ @ metaplex
#SPLToken2022 #TokenMetadata #SolanaBlockchain #SOL #solana
Token metadata refers to the information associated with an NFT. It provides essential details about the token, such as its name, description, image, attributes, and more. Think of it as the digital passport of an NFT, containing all the necessary information to identify and understand the token.
SPL Token-2022 is the latest token program on the Solana blockchain.
What is SPL Token-2022?
SPL Token-2022 is a token program built on the Solana blockchain. It provides a framework for creating both fungible and non-fungible tokens. With SPL Token-2022, developers can easily create and manage tokens with unique properties and functionalities.
To use Token-2022, you need to specify it as the token program to use when creating or interacting with mint and token accounts. You can also use the Token Metadata program to initialize a Token-2022 mint, create metadata and mint tokens using the Create and Mint instructions. The Token Metadata program also enforces restrictions on the type of extensions that can be present on mint and token accounts based on the Token Standard.
Token Metadata and SPL Token-2022
SPL Token-2022 introduces a standardized approach to Token Metadata on the Solana blockchain. It allows developers to associate metadata with their tokens, making it easier to identify and display token information accurately. This standardization ensures consistency and compatibility across different applications and platforms.
Want to learn more about Token Metadata? Check out the official twitter of Metaplex ๐ @ metaplex
#SPLToken2022 #TokenMetadata #SolanaBlockchain #SOL #solana
