Solana blockchain has witnessed an unprecedented surge in nonfungible token (NFT) trading, culminating in a staggering sales volume exceeding $5 billion over the past four
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MarginFi introduces a new era in decentralized finance (DeFi), offering a comprehensive platform for trading, lending, borrowing, and liquidity provision. Built on blockchain technology, it promises transparency, security, and efficiency. Key features include a point farming system for user engagement and potential airdrop opportunities. This guide covers how to farm points, leverage trade operations, and tips for navigating the MarginFi ecosystem successfully.
Jito, a Solana-based staking project, has announced that members of its own community, Coinbase Cloud, and the Solana Foundation will make up its first governance
Abu Dhabi Global Market collaborates with the Solana Foundation to develop a blockchain ecosystem, emphasizing regulation and compliance. Abu Dhabi, a burgeoning hub for crypto firms due to its strategic location and policies, launched a $2 billion initiative to support Web3 and blockchain companies. New rules in the free trade zone aim to attract investment and enhance market efficiency.
Pyth Network has launched the second phase of its token airdrop, targeting 167 dapps utilizing its oracle data with 100 million PYTH tokens, roughly $47 million. The allocation supports various DeFi applications and aims to boost on-chain governance participation. Some dapps have started claiming tokens, pending KYC processes. The first airdrop reached over 51,000 users, distributing 163 million PYTH and expanding to 90,000 wallets with an updated snapshot. PYTH tokens are based on the Solana blockchain, with prices up 45% since the first airdrop phase.
On Tuesday, the Solana blockchain experienced a five-hour outage, halting transactions and causing its SOL token to briefly drop in value. Engineers and validators identified a fix, issuing a software update while preparing for a network restart. The April hiccup was Solana’s last significant downtime over a year prior.
The guide examines the top 5 Solana DApps with high trading volumes, exploring their significance and potential growth. As a high-throughput blockchain, Solana supports innovative DApps with low fees and fast transactions, gaining popularity in DeFi and other sectors. Success is gauged by analyzing trading volume, user engagement, functionality, security, and sustainability.
Unibot Solana, a platform on the Solana blockchain, offers fast and secure transactions for digital asset management via Telegram, including an airdrop rewards program. It features automated trading, low fees, and advanced tools like limit orders and sniper tools. Users can set up wallets, purchase, and sell tokens, as well as engage with the community to qualify for airdrops and maximize their experience with the platform’s extensive functionalities.
Bonk DAO has invested $500,000 in Colosseum, a Solana startup fund, marking its first venture check and a milestone in its focus on fostering Solana blockchain innovation. Colosseum, led by former Solana head Matty Taylor, aims to incubate early-stage projects through hackathons. This investment is part of Bonk DAO’s broader strategy to invigorate the Solana ecosystem and influence decentralized finance, highlighting the increasing impact of meme-based cryptocurrencies in blockchain development.
The Jupiter airdrop on Solana has led to a trade volume exceeding $1.2 billion, surpassing Uniswap V3’s $854 million on Ethereum. Jupiter’s DEX aggregator set a record with 955,000 eligible wallets claiming 1 billion JUP tokens. Future airdrops are planned with an additional 3 billion tokens reserved, fueling trader enthusiasm.