Allmight’s Kevin Ricoy blasted the Solana Foundation, calling it elitist and urging a shutdown date to redirect funds to grassroots builders. Kevin Ricoy, founder of crypto media startup Allmight, has ignited a fiery debate in the Solana ecosystem after he wrote a scathing open letter urging the Solana Foundation to set a date for…
While Ethereum laid down the groundwork for smart contracts,21Shares found that Solana’s speed and cheap transactions are driving adoption across a broader spectrum, faster than Ethereum. Solana’s revenue engine has matured at a pace few in the industry could have anticipated, and has now clearly surpassed Ethereum’s early growth trajectory. From meme coin mania,…
Bitcoin faced $946 million outflows last week, yet altcoins like Ethereum, Solana, and XRP gained millions. Despite turbulence across crypto markets, investors treated Ethereum’s weakness as a buying window. During the week, investment funds dedicated to ETH pulled in $205 million in inflows during the week. The strongest momentum came from a 2x leveraged…
The Solana network’s economic activity contracted for the second consecutive quarter. Solana witnessed a notable economic slowdown as its active addresses took a plunge of 30% and operational efficiency collapsed by over 40% in the third quarter of the year. But data suggest that the network’s stablecoin activity came to the rescue. Solana’s Network…
Vitalik Buterin and Anatoly Yakovenko debate whether Ethereum’s Layer-2 networks truly ensure security and decentralization. A public exchange between Ethereum co-founder Vitalik Buterin and Solana co-founder Anatoly Yakovenko has gotten attention in the X crypto community. The debate centered on the level of security that Ethereum’s Layer 2 (L2) networks offer. Security and Centralization…
The issuers used an automatic SEC rule to launch the ETFs despite parts of the U.S. government being shut down. The U.S. market is about to welcome its first spot exchange-traded funds (ETFs) for Solana (SOL), Litecoin (LTC), and Hedera (HBAR). The funds, issued by Bitwise, Canary Capital, and Grayscale, are set to start…
Hong Kong investors will soon access Solana via ChinaAMC’s first spot ETF, which joins the company’s existing Bitcoin and Ethereum ETFs. Hong Kong’s financial regulator has granted approval for ChinaAMC’s spot Solana (SOL) exchange-traded fund (ETF), setting the stage for its debut next Monday. The Securities and Futures Commission (SFC) confirmed on its website…
Hype around Solana and XRP ETFs appears to have cooled, with inflows tapering to $93.3 million and $61.6 million as traders reassess the market. Even as crypto prices dipped following renewed US-China tariff tensions, investors poured $3.17 billion into digital asset funds last week. The week closed quietly with just $159 million in outflows…
The self-custodial wallet will now allow SOL purchases with fiat. The Layer-1 (L1) blockchain, which powers internet capital markets, payments, and crypto applications, is at the center of a collaboration between industry giants. The “everything wallet” teams up with a leading payments framework provider. Extending The Reach Into Web3 In a press release shared with…
Solana plans to raise block capacity from 60M to 100M Compute Units under SIMD-0286, boosting throughput by 66% to reduce congestion. The Solana blockchain is reportedly gearing up for another major scalability leap, with its block capacity poised to go from 60 million to 100 million Compute Units (CUs) under the SIMD-0286 upgrade first…
