Summary: Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round at a $1.6 billion valuation. The funds will expand Magic Eden’s primary and secondary marketplaces. The Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round led by Electric...
Summary: The Solend team has done a one-eighty-degree turn on an approved proposal to take over a Solana whale account facing liquidation that could have strained the platform’s liquidity. The team at Solend has explained that the decision to invalidate the first proposal was made due to community feedback and...
Summary: The team at Solend is concerned that a Solana whale might be liquidated, causing a cascade of liquidations that would hurt the platform’s liquidity. The Solend team has attempted to contact the SOL whale to no avail. They have since proposed to grant Solend Labs emergency power to temporarily...
Summary: Solana has released a postmortem report examining the most recent 4.5-hour outage on June 1st. The outage resulted from a runtime bug triggered by the durable nonce transactions feature. The Solana team will disable the durable nonce transaction feature in releases v1.9.28/v1.10.23. The team at Solana has released a...
Solana suffers another global outage that lasted nearly four and half hours. This is the second network outage that the blockchain has encountered this month. Cryptocurrency Solana suffered a major global outage on Wednesday, resulting in the network halting its activities temporarily. The network outage that lasted for nearly four...
Solana-based NFT marketplace Magic Eden has topped OpenSea in terms of the daily trading volume. The marketplace has reported nearly 275,000 transactions in the last 24 hours. NFT marketplace Magic Eden has topped OpenSea in terms of daily transaction volume. According to crypto market tracker CoinGecko, Magic Eden has reported...
Summary: Ledger is working on launching a browser extension on Safari called Ledger Connect. Ledger Connect will see users of Ledger Hardware wallets connected directly with Web3 applications. Initially, Ledger Connect will only be compatible with Ethereum and Solana. Ledger Connect will first be compatible with the Ledger Nano X...
Summary: Solana has announced plans to introduce a feature that allows its users to specify an additional fee per transaction The feature comes in the wake of the Solana Network suffering a seven-hour outage due to spambots Two other mitigations have been proposed to prevent a similar outage They include...
Quick take: For almost seven hours, the Solona network was not processing blocks Bots had swarmed the popular Solana NFT minting tool known as Candy Machine, halting the network The outage started on Saturday around 4:32 pm till around 11 pm EST To prevent a similar outage, the developers at...
Summary: Legendary NWA and Westside Connection rapper, Ice Cube, has purchased a DeGod NFT for 265 Solana Ice Cube purchased the mutated version of a DeGod commonly referred to as a DeadGod DeGod NFT owners and fans were quick to welcome Ice Cube to the community Ice Cube is no...
Summary: Legendary Orlando Magic Hall of Famer, Shaquille O’Neal has joined the NFT community with the purchase of DeadGod #3836 Shaq spent 250 Solana (SOL), roughly $28k, for the DeGod NFT The floor price of DeGod NFTs has hit a new all-time high of 182 Solana as a result of...
