Browsing: Solana

Hyperliquid, Ethereum, and Solana have all seen notable price increases, each rising by over 20% in the past 24 hours. Hyperliquid’s native token HYPE was around $72.19 with a 23.1% gain, while Ethereum’s ETH stood at approximately $1,921.93. Solana’s recent surge is attributed to ongoing developments within its network, rather than a single major market…

Solana has published an analysis of the validator and market-structure trade-offs involved in a proposal to reduce target slot time from 400 milliseconds to 200 milliseconds. The Aug. 19 analysis describes the change as a staged, feature-gated path through 350, 300, 250 and 200 milliseconds.

Top altcoins, such as Ripple (XRP), Solana (SOL), and Cardano (ADA), are holding steady on Thursday after a bullish rebound as the broader crypto market rebounds on US Treasury bond buybacks. The technical outlook for XRP and SOL suggests further upside, while ADA risks losing the recent gains. 

The number of active addresses holding Solana-based stablecoins has surpassed 1.7 million, marking a record high for the network, according to on-chain analyst Darkfost. This milestone underscores the growing role of stablecoins in Solana’s ecosystem, with total stablecoin supply on the chain now reaching $16.3 billion.

Solana is tightening near $76 as traders watch for a breakout from long-term resistance after months of weakness. While one chart points to a potential move toward $170 and beyond, another argues $SOL has already formed its cycle bottom and could eventually climb above $1,000.