Solana


Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. It is a layer 1 network that offers fast speeds and affordable costs. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

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by COINS NEWS - 2 years ago

Vitalik's comment on Solana situation

Yesterday Vitalik tweeted his thoughts on current situation on solana. Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright f...

by COINS NEWS - 2 years ago

Solana TVL drops 98% from ATH

What is TVL and why is it important? TVL represents the total value of cryptocurrency that is โ€œlockedโ€, or stored, in a DeFi application or smart contract. For most DeFi platforms, especially those related to lending or swaps, TVL is an important met...

by COINS NEWS - 2 years ago

State of Solana

So from Iโ€™ve read it looks like project was massively propped up by SBF fraud money chain is unreliable, often halted, and moving forward some of the infrastructure under it will be turned off (funded by FTX) 75% of developers have left? in the l...