Solana
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Solana Stable Currency Project “Cashio App” Transferred 3000 ETHs to Tornado Cash
According to reports, according to PeckShield monitoring, the Solana ecological algorithm stable currency project Cashio App has transferred about 3000 ETHs (approximately $5.1 mil
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The Rise of USDC and its Increasing Circulation on Solana Chain
According to reports, according to Usdc.com data, the current total circulation of USDC is 33.91 billion US dollars, and the circulation of USDC on the Solana chain is 708 million
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Introduction
On March 24th, Phantom, an encrypted wallet, announced the introduction of a priority fee on Solana in a social media release. During network congestion, the fee will be automatica
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Solana Named One of the World’s Largest Proof of Entitlement Networks in March 2023 Verifier Health Report
According to reports, the Solana Foundation officially released the March 2023 Verifier Health Report, which stated that Solana is currently one of the world\’s largest proof of ent
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Solana’s Independent Contracts Reach All-Time High
According to statistics from Artemis, the number of independent contracts deployed on the Solana network has recently increased, reaching the highest level for the year. As of the writing of this article, 75 different contracts are active. A few weeks ago, this number increased to 98, further confirming the deployment volume in March. Data: The number of contract deployments on the Solana network increased in March Analysis based on this information:The Solana network has seen a steady increase in the number of independent contracts deployed recently. According to Artemis statistics, the network experienced a significant surge in the number of independent contracts, and as of now, there are 75 active independent contracts. Further confirming the deployment volume of the Solana network in March, the number of independent contracts deployed rose steeply to 98 from the previous figures. This year has seen the highest level of independent contracts deployed in Solana, indicating that the platform is preferred amongst developers. Solana’s technology…
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Algorand’s Layer 1 Protocol Needs Improvement: A Look at 16.4 Million Addresses in Loss State
According to reports, according to data from the encryption analysis platform IntoTheBlock, the Layer 1 Proof of Rights Protocol Algorand (ALGO) currently has more than 16.4 million addresses in a loss state, accounting for more than 98% of the total registered addresses on the Algorand chain, and its performance also lags behind peers such as Ethereum, Cardano, Solana, and Avalanche. (u.today) Data: More than 98% of Algorand’s addresses are in a loss state Analysis based on this information:According to reports, Algorand’s Layer 1 Proof of Rights (PoR) protocol is currently experiencing significant issues, serving as a major obstacle to the blockchain’s growth and adoption. Data from the encryption analysis platform IntoTheBlock shows that Algorand has more than 16.4 million addresses in a loss state, accounting for more than 98% of the total registered addresses on the Algorand chain. This alarming figure is almost twice that of Ethereum’s, a cryptocurrency that currently accounts for 60.7 million addresses. The layer 1 protocol…
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Formfunction Closes its Website on Solana-based NFT Platform
It is reported that Formfunction, an NFT platform based on Solana, will close its website on March 29. Formfunction recommends that creators on the platform remove their projects from the shelves by March 29. Formfunction was launched in February 2022 to support the “one of one” NFT creator on Solana. Solana based NFT platform Formfunction announced that it will be closed on March 29 Analysis based on this information:Formfunction, an NFT platform based on the Solana blockchain, has announced that it will be shutting down its website on March 29, 2022. The platform, which was launched in February of the same year, is primarily focused on supporting “one of one” NFT creators on Solana. It’s imperative to note that the platform has recommended that creators remove their projects from the shelves by March 29. The reason behind Formfunction’s shut down is not clear at the moment. However, it appears that the move could be a posthumous aftermath of the platform…
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Solana Ecological NFT Market Formfunction will Shut Down on March 29
According to the official blog, the Solana Ecological NFT Market Formfunction announced that it will close on March 29, and users still have full ownership of NFT. “After many discussions and careful consideration, we have come to the conclusion that we cannot continue to run Formfunction. We will continue to maintain Formfunction until March 29. After that date, users will no longer be able to access our website.” The NFT market Formfunction announced that it would close on March 29, and completed a funding of $470 a year ago Analysis based on this information:The Solana Ecological NFT Market Formfunction, a platform that allows users to buy and sell Non-Fungible Tokens (NFTs), has announced that it will shut down on March 29, 2022. According to the official blog post, the decision to close the platform was made after “many discussions and careful consideration.” The statement also assures users that they will retain full ownership of their NFTs even after the platform…
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Helius Launches Solana NFT Compression to Reduce Costs for Developers
On March 10, Helius, a provider of Solana development tools, has launched Solana NFT Compression. Developers can cast a large number of NFT at low cost through…
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Elusiv Launches Zero-Knowledge Based Privacy Agreement on Solana’s Network
On March 9, it was reported that Elusiv, a zero-knowledge-based and compliant privacy agreement, had been launched on the main network of Solana, allowing user…
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Solana Whales Transfer Nearly $70 Million of SOL to Coinbase
It is reported that according to Whale Alert data, a batch of Solana whales have transferred nearly US $70 million of SOL to Coinbase. These whales have carrie…
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Solana’s Tensor Platform Offers Lucrative Airdrop Awards for NFT Traders
It is reported that Tensor, the Solana ecological NFT trading platform, provides Solana NFT traders with first-quarter airdrop awards. Among them, anyone who h…
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Blockasset Moves to Chiliz Chain 2.0 with Equity Investment
It is reported that the sports NFT platform Blockasset will shift from Solana to Chiliz Chain 2.0. Blockasset also acquired the equity investment of Chiliz.<br…
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Solend V2 Whitepaper Released: Striving for Decentralization and Better Risk Management
It is reported that Solend has released the Soland V2 white paper on the loan agreement on Solana to introduce risk management and improve decentralization. Ac…
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Magic Eden Launches 12 Web3 Games as Part of Mint Madness
On March 3, the NFT trading platform Magic Eden announced that it would launch at least 12 Web3 games on Ethereum, Solana and Polygon in March. The centralized…
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Solana’s Network Stagnation: Computing Power Wasted on Failed Transactions
It is reported that according to the analysis report of Jito Labs, an encryption infrastructure company, although Solana developers are trying to prevent garba…
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Ellipsis Labs Launches DEX Phoenix on Solana Main Network
It is reported that Ellipsis Labs announced that DEX Phoenix is online on the main network of Solana (beta), and traders can obtain liquidity through Jupiter E…
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Visa and Xinhua News Agency launch Voyager in partnership with Solana
7:00-12:00 Keyword: Visa, Voyager, Xinhua News Agency, Solana
Summary of important developments at noon on March 1
Interpretation of the news:
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Solana co-founder’s plan for network upgrade improvement
According to reports, Anatoly Yakovenko, the co-founder of Solana, released a \”plan to improve the network upgrade\”, which will improve the Solana upgrade proc…
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The Solana Network Outage and Controversial Claims
On February 28, the Twitter user DBCryptoX released a controversial post about the network outage of Solana on February 25, indicating that a large number of v…