• Solana is struggling under US$90, but NFT sales are increasing

    Solana is struggling under US$90, but NFT sales are increasing0

    Solana continued to trade below US$90 at 12 p.m. HKT on Tuesday, despite Solana’s non-fungible token (NFT) secondary sales rebounding sharply, rising more than 95 percent in the past 24 hours, following a network outage over the weekend. At press time, Solana was trading at around US$88.32, down more than 35% from around US$140 a

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  • Bots infiltrate the network, causing the 7th outage in Solana

    Bots infiltrate the network, causing the 7th outage in Solana0

    Due to a huge amount of transactions from nonfungible token (NFT) minting bots, the Solana (SOL) network went down for seven hours between April 30 and May 1. The network became congested after a record-breaking 4 million transactions, or 100 gigabits of data per second, caused validators to lose consensus, resulting in Solana going dark

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  • Institutional money is moving away from ETH and into altcoins

    Institutional money is moving away from ETH and into altcoins0

    Institutional investors have recently moved their focus away from Ethereum (ETH) and toward competing Layer 1 blockchains, with capital inflows into altcoin investment products growing last week and outflows into Ether products for the third week in a row. Investors piled up on $3.5 million worth of Avalanche (AVAX), Solana (SOL), Terra (LUNA), and Algorand

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