Here are the latest news #solana
1. Significant inflow of assets to the Solana network
Over $300 million has been transferred from other blockchains to the Solana network in the past week, with over $200 million in assets transferred from Ethereum. This movement underscores Solana’s growing appeal among blockchain users and developers.
2. Address Poisoning Attacks on the Solana Network
Recently, there have been cases of address poisoning attacks on the Solana network, resulting in the loss of 272 SOL to two users. In total, the same attacker has caused losses of over $3.1 million in the past month through such attacks. This highlights the need for increased vigilance and the implementation of robust security protocols to protect digital assets on the Solana blockchain.
3. Growing number of developers on the Solana platform
According to a recent report by venture capital firm Electric Capital, Solana has become the most popular blockchain for new developers in 2024. Of the 39,148 new developers who started learning about cryptocurrencies this year, 7,625 chose Solana, representing an 83% increase in the number of developers on the network compared to last year. This growth rate surpasses Ethereum’s performance for the first time since 2016.
4. Solana price and market capitalization growth
On November 22, 2024, Solana (SOL) reached a new all-time high of $264.39, with a market cap exceeding $125 billion. At the time of writing, the price of $SOL is $195.85, indicating a significant increase in the asset's value over the past year.
5. The growth of the Solana-based memecoin #Fartcoin
Fartcoin, a meme coin based on the Solana blockchain, has grown by 113% in the last 30 days, reaching a market cap of $1 billion on December 18. This is a testament to the popularity of meme coins and their impact on the cryptocurrency market.
These events highlight both the growing popularity and development of the Solana ecosystem, as well as the challenges associated with network security.