
April 18th, 2025
The Solana ecosystem has, however, shown its market resilience with the total value locked (TVL) up over $79 million from December lows to approximately $279 million today.
The huge popularity of Bonk, a Solana-based meme coin, has significantly increased the overall SOL demand in the crypto world market.
An exploit on Magic Eden led to the creation of fake NFTs for the popular ABD and y00ts collections. Magic Eden has said to have resolved the issue for now.
Despite a major correction in SOL price after the implosion of FTX, Ethereum co-founder Vitalik Buterin believes that Solana has a bright future.
Since reaching its all-time high back in November, Solana has shed approximately 96% of its value.
The new initiative comes after Magic Eden announced its integration with Polygon.
The digital currency ecosystem has recorded so many mishaps this year that it is now practically impossible for investors not to maintain a skeptical view of stocks across the board.
Coinbase wallet decided to end support for these four altcoins owing to low usage.
According to Game7, most Web3 games are still in their infancy and cannot attract mainstream users due to their lack of sophistication.
As far as the crypto industry is concerned, Multicoin Capital said it does not believe FTX will be the downfall of the industry.
Despite the reassurances, the bleeding of SOL has not stopped as SOL continues to dive.
The Solana Foundation has 3.24M shares of FTX Trading LTD common stock, 3.43 million FTT tokens, and 134.54M SRM tokens.
The browser extension wallet will allow users to manage and secure store, send and receive nearly 8 million tokens across all EVM chains and Solana. It plans to add support for non-EVM chains very soon.
Several Solana-based DeFi protocols started unplugging from Serum as they weren’t sure who wielded absolute control over it.
The outcome of the US mid-term elections seems to have little impact on the crypto space which is still suffering the jolt of FTX collapse. Bitcoin makes a fresh 2022-low.