🔴 #Solana⁩ has released version 1.17.31, aimed at addressing network congestion issues that have been prevalent due to increased transaction failures linked to its rising popularity and bot activities.

Following this update, $SOL saw a price increase of 10%.

#solananews #TrendingTopic

Solana has impacted Africa’s crypto market maturity — Exchange exec: Adopting any technology is based on the strength of its community and Solana has proven that with its African community. #CryptoNewss $SOL #solananews
#BinanceSquareFamily

NEW: Monthly active addresses on Solana surpass 30 million, a new all-time high.

#solanAnalysis #solananews #CryptoTradingGuide

📊 Solana’s share of DEX volume has skyrocketed from 0% in early 2021 to over 24% by May 2024.
The blockchain captured over 60% of incremental #DEX volume in May 2024 alone 🤯

#Solana #Solanadex #solananews #TrendingTopic

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

🚩 Solana's team is "tirelessly" addressing a spike in failed transactions, now exceeding last month's 54% failure rate.

The issue affects non-voting transactions by users and voting transactions by validators.

#Solana⁩ #SolanaStruggles #solananews #TrendingTopic

WHY IS EVERYONE TAKING THEIR SOLANA ($SOL ) OFF EXCHANGES? 😱👇

In just one week, a whopping $200 million worth of Solana tokens were taken off various exchanges (like Binance, Bybit, Bitfinex, etc.). This move shows investors are really confident about SOL and are moving their tokens to their own wallets for safekeeping and long-term investment. Using a hardware wallet is safer because you're fully in control; there's no risk of it running off with your funds or collapsing like FTX. But it's not just personal wallets getting these tokens; some are being sent to Solana validators and others to different protocols. The rise in popularity of memecoins on the Solana network is also making investors stake their SOL to get in on meme token sales (initial coin offerings, ICOs).

This big move of cryptocurrencies out of exchanges is a sign that investor attitudes and strategies are changing. They're betting that SOL's price will hit its previous peak of $251 again, so they're positioning their investments for potentially higher returns in the future.

#SolanaUpdate #solananews #SolanaPrice #SolanaMemeCoin #learntoearn

WHY EVERYONE IS MOVING $SOL OUT OF EXCHANGES? 😱👇

In just 1 week, Ton of Solana tokens ($200 million value) have been moving out from several exchanges (e.g. Binance, Bybit, Bitfinex, etc). That indicates strong confidence among investors and as a consequence they transferred their SOL tokens to their personal wallets for long-term holding. This procedure enhances security because an hardware wallet is entirely under your control. It cannot run away with your money and fail like FTX did. Personal wallets were not the only destination; some of them were moved to Solana validators, while others were transferred into protocols. In fact, the popularity of memecoins on the Solana network has pushed investors to stake their SOL to participate in meme token sales (initial coin offerings, ICOs)

Remember, the movement of cryptocurrencies from exchanges indicate shifts in investor sentiment and trading strategies. Remember, the movement of cryptocurrencies from exchanges can indicate shifts in investor sentiment and trading strategies. Investors believe that SOL's price will soon revisit its previous all-time high of $251 and as a consequence, they are moving their funds 'in the future' for higher returns

#SolanaUpdate #solananews #SolanaPrice #SolanaMemeCoin #learntoearn

Guys, Follow Me For More Information And Perfect Predictions,
Must Read 3 Exchanges Report,
WHY EVERYONE IS MOVING $SOL OUT OF EXCHANGES? 😱👇

In just 1 week, Ton of Solana tokens ($200 million value) have been moving out from several exchanges (e.g. Binance, Bybit, Bitfinex, etc).

That indicates strong confidence among investors and as a consequence they transferred their SOL tokens to their personal wallets for long-term holding.
This procedure enhances security because an hardware wallet is entirely under your control. It cannot run away with your money and fail like FTX did. Personal wallets were not the only destination; some of them were moved to Solana validators, while others were transferred into protocols.

In fact, the popularity of memecoins on the Solana network has pushed investors to stake their SOL to participate in meme token sales (initial coin offerings, ICOs)
Remember, the movement of cryptocurrencies from exchanges indicate shifts in investor sentiment and trading strategies.
Remember, the movement of cryptocurrencies from exchanges can indicate shifts in investor sentiment and trading strategies. Investors believe that SOL's price will soon revisit its previous all-time high of $251 and as a consequence, they are moving their funds 'in the future' for higher returns

#SolanaUpdate #solananews #SolanaPrice #SolanaMemeCoin #learntoearn
$SOL $SOL

$SOL URGE MORE LAYERS 2 🚨 Here Is Why 👇

Solana's Blockchain is facing congestion due to a massive increase in users. That's causing a "negative" impact on SOL's price. In fact, congestions cause transaction failures and many users are complaining about that. Watching at data, up to 70% of transactions have failed recently! In order to solve this problem, SOL should implement more scaling soultions. In fact, layers 2 solutions increase the network's capacity in order to handle more transactions simultaneously. Basically is like to add more lanes to a highway to reduce traffic congestion.

If you are curious about Solana Blockchain/Market Data, I recommend you to go on:
- explorer.solana.com
- theblock.co/data/on-chain-metrics/solana
- messari.io/project/solana/charts/market

DYOR & STAY SQUARED 💪🔥

#solananews #SOLUpdate #cryptoalerts #SOLAnalysis

Why are people taking their Solana ($SOL ) off exchanges?

In the past week alone, around $200 million worth of Solana tokens were moved from exchanges like Binance, Bybit, and Bitfinex. This indicates that investors have strong faith in SOL and are transferring their tokens to personal wallets for safekeeping and long-term holding.

Storing tokens in a hardware wallet provides greater security because you have full control, unlike exchanges that could face risks like collapse or mismanagement. Additionally, some tokens are being sent to Solana validators or used in various protocols.

The increasing popularity of meme coins on the Solana network is encouraging investors to stake their SOL for meme token sales (initial coin offerings, ICOs). This trend of moving cryptocurrencies off exchanges signals a shift in investor behavior and strategies. Investors are optimistic that SOL's price will reach its previous peak of $251, so they're positioning themselves for potential future gains.

#SolanaUpdate #solananews #SolanaPrice #SolanaMemeCoin #learntoearn

THIS $SOL UPDATE PUMPED ITS PRICE! 🚀 What, Why & How 🤔👇

Solana has finally decided to address its main problem that has significantly impacted its network in recent weeks. In fact, as I mentioned in my previous article, SOL's data showed up to 70% of transactions failures and as a consequence, an update occurred! In order to fix the network congestion, Solana has released the v1.17.31 update. This aims at reducing failed or delayed transactions. But how actually work? I'll try to simplify it as much as I can:
- It now optimizes the way data chunks are grouped together while reducing unnecessary memory usage
- A new filter has been added to improve the way transactions are processed
- It now adjusts the network settings to prioritize staked nodes
- It treats nodes with a very low staking as if they're not staked to improve network efficiency

Following this development, it looks like SOL's Price reacted positively but personally I would be still in alert according to the recent geopolitical news. Also, although this update, I still believe that Solana requires layers 2 solutions to handle more transactions simultaneously!

STAY TUNED! 💪
#solananews #SolanaUpdate #SolanaPrice #SolanaPriceSurge #SolanaCommunity

🤯 A trader recently made $1.4 million from just $310 worth of $SOL

✍️ He spent 5.288 $SOL to buy 2.58 million #dogwifhat $WIF tokens, a Solana memecoin, on November 26, 2023.

With the recent 58% increase in the price of $WIF , the ROI hit a remarkable 4,530x return.

#WIF #SolanaMemeCoins #solananews #CryptoNews🔒📰🚫

3 PROJECTS RECENTLY FUNDED BY $SOL 🔥👇

Since 2024, Solana Ventures accelerated the growth of several crypto projects on its blockchain. SOL Ventures is also well known to spot talented teams and consequently fund them properly. Recently, it founded the following 3 projects that concern the Defi and the Gaming Sector:

Parallel - 28 March 2024 - Gaming
It is a competitive card game set in a sci-fi universe. Players construct decks, engage in battles, accumulate energy, and raise armies to determine the future of humanity

Meso Network - 20 February 2024 - DeFi
It enables easy sharing while keeping control over personal storage. It swiftly and securely transfers funds from your bank to your wallet, cutting out delays and excessive fees

SAROS - 8 January 2024 - DeFi
It is a collection of DeFi products built on Solana. It consists of three main components: SarosSwap, SarosFarm and SarosStake, with SarosSwap serving as the central feature of the entire ecosystem

#NewProjects #newproject #solananews #SolanaCommunity #Altcoins2024