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Key takeaways:Solana’s DeFi dominance and growing fees sustain network demand, boosting investors’ long-term confidence.Institutional investors’ interest in SOL futures, ETP exposure and staking yield add to SOL’s resilience.Solana’s native token SOL (SOL) dropped 15.5% since reaching $209.80 on Thu…
Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previousl…
Kamino's removal of utilization caps on their SOL lending could impact the price of Kamino (KMNO) positively. By removing these caps, Kamino allows more SOL to be borrowed, possibly increasing liquidity and usage of its platform. This change might boost user confidence and attract more investors. Mo…
Solana continues to prove that it’s one of the top blockchains for this cycle. After its rally, which gained 35% over the past 60 days, the popular Layer 1 blockchain is back in the news with more on-chain activities. According to recent data, Solana’s DeFi Total Value Locked or TVL increased to $5.…
A recent report from crypto data and research firm Messari has shed light on the performance of the Solana (SOL) ecosystem during the third quarter of 2024. The report highlights a mixture of growth and challenges faced by the blockchain amid broader volatility in the cryptocurrency market during th…
For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits. According to DefiLlama data, Jito (JTO), Kamino, Jupiter (JUP), Raydium (RAY), Marinade, and Sanctum all surpassed $1 billion or more on layer-1 blockchain…