Solana (SOL) | ForkLog

ForkLog 12 17.04.2024

Parcl Protocol on Solana Sees 40% TVL Drop Amid Airdrop

Following the snapshot on April 3, users withdrew over 40% of locked funds from the real estate market betting platform Parcl, according to DeFi Llama data. Data: DeFi Llama. The “snapshot” was intended for an airdrop, which occurred on April 15. However, during its execution, the TVL of the Solana-based project plummeted from $185.6 million […]

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ForkLog 11 16.04.2024

Solana-Based DEX Drift to Launch Governance Token and Conduct Airdrop

The decentralized exchange (DEX) on Solana, Drift, has announced the launch of its governance token, DRIFT. Introducing $DRIFT — the Drift Governance Token. DRIFT is the governance token of Drift Protocol, the largest open-sourced perpetual futures exchange built on Solana. pic.twitter.com/BGTBANpThH — Drift Foundation (@DriftFDN) April 16, 2024 The total supply will be 1 billion […]

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ForkLog 8 15.04.2024

Ethereum Funds Experience Fifth Consecutive Week of Outflows

Cryptocurrency investment products saw an outflow of $126 million from April 6 to April 12, including $28.7 million from Ethereum funds, according to analysts at CoinShares. In the previous two weeks, there was a combined inflow of $646 million and $862 million. Experts attributed the trend reversal to “market participants’ uncertainty” amid a pause in […]

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ForkLog 32 15.04.2024

Solana Team Releases Update to Address Network Congestion

Developers at Solana have updated their software in an effort to combat blockchain congestion, which has been causing transaction delays. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network. — Solana Status (@SolanaStatus) April 15, 2024 “The […]

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ForkLog 12 11.04.2024

Half of Solana Pre-Sales Deemed Fraudulent

Approximately 50% of projects on the Solana network that employed token distribution through pre-sales have been found to be fraudulent, according to a CoinDesk report citing Blockaid. Malefactors utilised social engineering tactics on Telegram, X, and Discord to deceive users into interacting with malicious smart contracts or websites, experts noted. “[Criminals] focus on both meme […]

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ForkLog 13 10.04.2024

Zeta Markets to Distribute 100 Million Tokens on Solana

The Solana-based decentralized crypto derivatives exchange, Zeta Markets, is set to conduct an airdrop of 100 million governance tokens, Z. We’re proud to introduce $Z — the future of decentralized trading.$Z powers the governance and protocol growth of Zeta Markets, @solana‘s fastest perpetuals exchange, which has facilitated +$4B in trading volume serving 71.6k monthly active […]

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ForkLog 14 09.04.2024

Solana Leads the Charge in Blockchain Payments, Says Bernstein

Amid rising market liquidity, improved investor sentiment, and stablecoin dynamics, the Solana network has “taken the lead” in the push for blockchain payments, reports The Block, citing a report by Bernstein analysts. “A major shift in this cycle is Solana’s dominant market share (43%) in terms of stablecoin transfer value, compared to the previous rally’s […]

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ForkLog 21 08.04.2024

FTX Investors Outraged by Discounted $1.9 Billion SOL Sale

FTX creditors have expressed strong disapproval over the sale of Solana (SOL) tokens, valued at approximately $1.9 billion, by the bankrupt exchange at a 62% discount. According to Bloomberg, FTX administrators sold about two-thirds of the company’s SOL reserves, worth $2.6 billion. Sources revealed that 25-30 million tokens were sold at $64 each, while the […]

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ForkLog 11 08.04.2024

Solana Developers Address Network Congestion Challenges

Developers at Solana are seeking solutions to tackle network congestion, though this will take time, according to Solana Labs co-founder Anatoly Yakovenko. dealing with congestion bugs sucks so much more than total liveness failure. the latter is one and done, bug is identified and patched and chain continues. the former has to go through the […]

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ForkLog 28 05.04.2024

Bitcoin Resilience, Uniswap’s $2 Trillion Milestone, and Solana’s Ongoing Woes: A Market Overview

Bitcoin shows resilience amid bearish selling, while Solana faces transaction processing difficulties. ForkLog compiles the latest news and expert opinions on the market situation. Bitcoin’s Strength The leading cryptocurrency holds steady at $66,000-$67,000 despite trader pressure. Sellers have failed to trigger a classic bull market correction in this cycle, according to analyst Checkmate. Still my […]

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ForkLog 18 05.04.2024

Trader Nets $1 Million in a Day from EPIK Meme Token

A trader multiplied their investment by 195 times with a meme token on the Solana blockchain, as noted by analysts at Lookonchain. In just 1 day, this guy made 5,906.4 $SOL($1.03M) with only 30.3 $SOL($5.3K) on #Solana, a gain of 195x. He spent 30.3 $SOL($5.3K) to buy 261.27M $EPIK and sold 231.27M $EPIK for 5,936.7 […]

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ForkLog 28 03.04.2024

URF Meme Token Developers Execute $450,000 Rug Pull

The team behind the meme coin URF vanished with 2400 SOL (~$450,000) collected during the token’s presale, as reported by on-chain researcher ZachXBT. Influencer @BryceHall made multiple posts promoting a sketchy Solana presale for a meme coin called URF helping them raise ~2400 SOL ($450k). The team disappeared less than 24 hrs after launch and […]

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