Solana – Page 54

Terra LUNA Hits All Time High of $112, Founder Do Kwon Share Future Plans

Terra’ LUNA cryptocurrency has surged to a new all-time high of $112 registering another 10% gain earlier today. As of press time, LUNA is trading at a price of $11.79 with a market cap of $39 billion. Furthermore, Terra is also the third-largest blockchain platform in terms of total staked value and sits underneath Ethereum (ETH) and Solana (SOL). The latest price rally in LUNA comes as the Luna Foundation Guard (LFG) has been on an aggressive Bitcoin buying spree in...

Solana (SOL) Rallies To Become Sixth-Largest Cryptocurrency, Here’s Why

Solana (SOL), the native token on the popular proof-of-stake (PoS) blockchain, became the sixth-largest cryptocurrency by market capitalization following a stellar rally over the past week. The token jumped two spots in the list on Thursday, overtaking Ripple (XRP) and Cardano (ADA) while also avoiding broader weakness in the crypto market. SOL jumped nearly 17% over the past seven days and was last trading around $120, its highest level since late-November. The token also rose 0.4% in the past 24...

Opera Brings Solana ($SOL), Polygon ($MATIC), and Others to ‘Tens of Millions’ of Users

Popular pro-cryptocurrency web browser Opera has revealed its built-in crypto wallet and web 3.0 browser, has announced it’s adding support for several major networks, including Solana ($SOL), Polygon ($MATIC), Axie Infinity’s Ronin, Nervos, Celo, and IXO. According to an announcement the firm published, Opera’s “tens of millions” of...

Sequoia Investors And FTX Raise $135 Million In Series A Funding

The multi-chain future, where users of blockchain technology no longer have to choose only one platform, is approaching rapidly. LayerZero, an omnichain interoperability protocol, has completed a Series A+ funding round.

LayerZero raises $135 million at a $1 billion valuation

Forbes reports that the funding round was co-led by Sequoia Capital, Andreessen Horowitz, and FTX Ventures. Other investors include Coinbase Ventures, PayPal Ventures, Tiger Global, and Uniswap Labs. The investors raised a total of $135 million which raised the valuation of LayerZero...

Exclusive: Crypto ETP Issuer 21Shares’ President on Success of $SOL and $DOT Products and Why They Use CryptoCompare’s Price Data

Ophelia Snyder, co-founder and president at Switzerland-based firm 21Shares AG, which is considered one of the pioneers in issuing cryptocurrency exchange-traded products (ETPs), has revealed that some of its most successful products at launch were products offering exposure to Solana ($SOL) and Polkadot ($DOT). In an exclusive interview...

Acala Integrates Wormhole, Taking Polkadot Multi-Chain

Key Takeaways

Acala and Karura will integrate with the Wormhole cross-chain bridge. The update will enable users to send tokens from other Wormhole-connected Layer 1 networks to the Polkadot and Kusama ecosystems. While Wormhole has helped create a more interconnected blockchain ecosystem, recent hacks have raised concerns over bridge security.

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Acala and Karura have announced plans to integrate with the leading cross-chain bridge, Wormhole. The move will connect the Polkadot and Kusama ecosystems with eight other Layer 1 chains, including...

What Is STEPN and Why Is GMT Going Parabolic?

Key Takeaways

STEPN's GMT governance token has soared in value over the past week, climbing 138%. The app lets users earn tokens by walking, jogging, or running outdoors, similar to Axie Infinity's play-to-earn model. Widespread speculation of a partnership with a major sportswear brand has fueled the recent GMT token rally.

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STEPN touts itself as a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. The app lets users earn tokens by walking, jogging, or running outdoors and hopes...

Binance Unveils New Channel To Convert Ether Tokens To BEP20 Tokens

Binance is taking its first step to scaling its BNB Smart Chain to support multiple blockchains. Binance announced that it has reworked its previously decommissioned cross-bridge platform Binance Bridge, now naming it Binance Bridge 2.0.

Binance Bridge 2.0 launches within the Binance app

In a press release today, the global company revealed that Binance Bridge 2.0 will allow BNB Smart Chain (BSC) support tokens from other blockchains, starting with ERC20 tokens. Most importantly, the platform will allow the use of this...

Try out Solana and Multiply Your Winnings on 1xBit

The world keeps evolving, and so does the course of adaptation; to accommodate more users, 1xBit now supports Solana as a new payment method on its platform. Solana is one of the few projects that has revolutionised the world of Cryptocurrency using a unique blockchain infrastructure. This singular...

Axie Infinity Network Hit by $551.8M Exploit

Key Takeaways

Ronin Network, the sidechain used in the popular play-to-earn game Axie Infinity, suffered a major exploit on Mar. 23. A hacker compromised five validator nodes and stole 173,600 Ethereum and 25.5 million USDC from the Ronin bridge at a value of around $551.8 million. The Ronin team discovered the exploit six days later. The Ronin team has paused the bridge and is taking various steps to track the hacker, a blog post confirmed.

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The Ronin bridge...