Divided opinions over Solana’s viability as an ‘Ethereum killer’ amid repeated outages

Touted as the poster child of Ethereum killers during most of 2021, blockchain network Solana‘s reign has been increasingly infested with network outages and performance issues recently. It suffered one of its slowest bouts amidst the crypto market crash-induced network congestion last week, leading to failed transactions and suspended withdrawals on the network. Interestingly, Solana … Read more

Here’s what led to a week of turmoil on Solana’s network

Solana, which was somewhat of a star performer in 2021, has suffered a week of turmoil. Solana had identified that its mainnet beta was experiencing high levels of network congestion. Interestingly, this is not the first time this has happened either. Earlier this month, users experienced delays and failure in transactions on Binance as well. … Read more

Solana gains momentum as NFT sales volume hits $1B, should Ethereum be worried

Solana has been a cryptocurrency blockbuster this year, and even 2021. However its token (SOL) went into free fall, following technical difficulties in its network. But did that hinder its growth? Well, not really. In fact, it gained more support- just recently JP Morgan, one of the largest banks in the world gave a vote of … Read more

Unlike BTC and ETH, ‘investor favorite’ Solana registers another week of inflows

The cryptocurrency industry has had a rough beginning in 2022 as much of it has remained on a downward spiral for the past few weeks. Its global market cap was sitting at $2.1 trillion at the time of writing, having shed off over 3% of its valuation in the past day. Much of this can … Read more

‘All in on Solana:’ Is Mike Tyson trying to pump the project

American former professional boxer Michael Gerard Tyson has recently stormed into the crypto-verse. He had recently stated that he was, “All in on Solana” On 16 January, when he took to Twitter to discuss SOL’s price, many of his followers responded, not so pleased with his endorsement. While some thought that he is trying to … Read more

BoA: Solana is primed to beat Ethereum and be the ‘Visa of digital asset ecosystem’

The Solana network’s shot in the spotlight might just be far from over as yet, especially now that the Bank of America has expressed future optimism for the top smart contract platform, even analogizing it as the “Visa of the digital asset ecosystem” after it managed to facilitate a large number of transactions over the … Read more

Solana finds some support at $130 but can it hold on to the level

Solana faced some problems such as slow transactions and network congestions in recent weeks. Against this backdrop, the price has been steadily declining, with the latest sell-off from $170 forced by Bitcoin’s drop below $45.8k. It appeared likely that continuation of the downtrend was in store for Solana, although a bounce into a lower high … Read more

Here’s what it means for Solana as it faces yet another issue on Binance

Slow Solana transactions are an issue that has been hurting the network for a month. The market was raging with speculations of Solana facing yet another distributed denial-of-service (DDoS) attack. Later, it was clarified that the network went down in lieu of “some congestion due to mis metered transitions”. Nonetheless, some users experienced delays in … Read more

Analyst bets on Solana, calls Ethereum ‘overly complicated, expensive, and awkward’

Just like the bloodbath seen across the rest of the crypto-market, Ethereum has also lost over 17% of its value in a week. At the time of writing, the coin was hovering close to the $3,165-level. Meanwhile, analyst Peter Brandt indicated in a tweet that ETH appeared to be in a bear trend as it … Read more

Polygon co-founder responds to ‘Solana v. Polygon for smart contracts’ debate

How much of a role does heavyweight marketing play in a decentralized crypto-system? Well, according to Polygon co-founder Sandeep Nailwal, it could be a lot. Poly want a contest? In December 2021, crypto-analyst Spencer Noon opined that while Web3 enthusiasts might consider Solana to be the second-most used smart contracts platform, the ‘daily active users’ … Read more