Tokenization
Solana NFT protocol Cardinal to halt operations in August
The team said its code would remain open-source for anyone to easily redeploy a new version.
Solana
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DeFi
Maple Finance offering allows global investors to access US Treasury bills
Maple Finance said it ensures the safety of lender funds with a tri-party agreement and real-time monitoring of holdings.
Technology
Helium’s native blockchain halted as project shifts to Solana
The primary goal behind Helium's migration to Solana is to improve the network's stability, scalability and lower transaction costs.
Tokenization
Only 6 coins outperformed BTC in the past 24 hours
Bitcoin's rally past $30,000 made it the 7th best performer in the past 24 hours, with its 6.41% rise surpassed by FTM, SOL, INJ, STX, CFX, and RNDR.
Tokenization
Render token rises 8% as community votes on proposed Solana migration
Render Network says the Solana migration was necessary because of "future network growth."
Staking
Lido to sunset staking on Polkadot, Kusama by August
Lido developer MixBytes said Polkadot's DeFi lack of liquidity undermined the value proposition of liquid staking.
NFTs
Magic Eden to refund users who bought fake NFTs via its platform
The platform said the exploit affected only 4 NFT collections through which users bought 25 NFTs.
Analysis
Lido now has the highest DeFi TVL as LDO increases 17%
CryptoSlate data shows that Lido's native token is up by over 17% in the last 24 hours to $1.16 as of press time.
DeFi
Ethereum L2 language Cairo’s TVL surpasses Solana’s Rust
Ethereum-related languages dominate the top three largest smart contract languages by TVL.
Technology
Solana active developers decline 90% in 2022, but SOL devs dispute findings
Developers within the Solana ecosystem have disagreed with the data from the aggregator, describing it as a joke.
Analysis
Solana crashes 55% in November but NFT trades still booming
According to CryptoSlate data, SOL was one of the worst-performing digital assets in the last 30 days.
Bear Market
Solana Foundation reveals minimal exposure to FTX
FTX and Alameda had bought over 50 million SOL from the Solana Foundation between 2020 and 2021.