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...
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...
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...
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...
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...
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: 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: 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 initiated a proposal to introduce a per-account borrow limit of $50 million. The limit will be rolled out gradually, starting with the per-account borrow limit at $120 million and reducing it till $50 million is reached. Solend recently rolled back a proposal to take over...
Summary: Solana developers have unveiled a flagship Android smartphone dubbed Saga. The phone will be available for pre-orders immediately and delivery in early 2023. Saga will also feature unique Solana functionality integrated within. Solana developers also debuted Solana Mobile Stack, an open-source SDK for Android enabling Web3 apps on Solana....
Summary: Today is the first day of CoinGecko’s 2022 GeckoCon which will run from the 14th to the 15th of July (9 am to 3 pm EST). This year’s GeckoCon will focus on how Web3 will empower the decentralized future. One of the sessions today discussed the future of DeFi....
Leading Solana NFT Marketplace Magic Eden announces support for Ethereum NFTs The firm will also be adding comprehensive features to allow users to trade ETH NFTs and make payments in SOL/ETH or via credit cards. Magic Eden, the Solana-centric NFT platform is expanding its base and has recently announced multichain...