Solana ecosystem updates, DeFi and NFT growth, and the latest on performance and network development.
On Wednesday, a hacker managed to steal 80,000 ether (ETH) out of Solana through the Solana-Ethereum bridge Wormhole. Here’s how the hacker pulled it off.
While cross-chain bridging solutions are popular, many users do not realize the full risks associated with using them.
Available information on Twitter suggests that OpenSea could be looking to support Solana-based NFTs soon.
Solana’s recent outage took it offline for over 24 hours and left some of its counting their losses.
Solana’s actual transaction per second stands at actually 3000 which is still very far ahead of Ethereum’s 10.
Solana-based NFTs have been able to record a total NFT sales of $1 billion.
So-called “Eth-killers”, Layer-1 blockchains competing with Ethereum, are supposed to be much faster and much cheaper. While this is true for fees, are Eth-killers really as fast as they claim to be?
The amount of USDC stablecoin issued on the Ethereum blockchain has surpassed that of the number one stablecoin USDT. The “flippening” is telling of the recent growth of USDC.
Solana’s cheaper transaction fees and higher transaction speed would help it to continue competing with Ethereum.
