Solana faces backlash over its “100,000 TPS” claim, with critics alleging inflated metrics amid post-crash recovery. Developers clarify that 100,000 TPS reflects validator processing capacity, not finalized transactions—debunking FUD claims. Despite controversy, SOL price rebounds 5.5% to $208, holding key support zones and maintaining its long-term bullish trend. Solana again finds itself in the spotlight…
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In Brief Solana has surged 10% over the past week, trading within an ascending parallel channel that signals continued bullish momentum. RSI shows buying interest outweighing selling, while the Elder-Ray Index’s positive reading reinforces bullish market sentiment. SOL is trading at $181.79, just below the $186.52 resistance; a breakout could target $190, while renewed selling…
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In Brief Solana has lost nearly 10% in a week, falling to $129 amid rising US-Iran tensions and broad market uncertainty. Key metrics like the Chaikin Money Flow (-0.13) and Elder-Ray Index (-20.74) show strong selling pressure and waning investor demand. If SOL fails to regain $130 support, it risks sliding further to $123. Bulls…
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In Brief Crypto exchange Bybit is set to launch its first onchain trading platform, Byreal, on the Solana network. The decentralized exchange is designed to blend centralized exchange performance with DeFi transparency. The testnet for Byreal is scheduled to go live on June 30, with a mainnet launch expected later this year. Bybit, one of…
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In Brief SEC may soon approve a Solana ETF, with issuers reportedly asked to update S-1 forms within 30 days, signaling potential approval. Solana’s price surged by over 4.5% as optimism about ETF approval increased, especially within the Polymarket community. While Solana’s ETF prospects have gained traction, other altcoin ETFs, such as XRP, saw only…
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In Brief The Solana Foundation has launched the Solana Attestation Service (SAS), a decentralized identity protocol. This tool simplifies crypto compliance efforts and enables reusable credentials across DeFi platforms. Its launch aligns with rising institutional interest in Solana’s infrastructure for its speed and cheap transactions. The Solana Foundation has launched the Solana Attestation Service (SAS). This is…
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In Brief US predictions platform Kalshi now accepts Solana (SOL) deposits, following Bitcoin, Worldcoin and USDC support. The move integrates SOL into US-regulated prediction markets, expanding its utility beyond DeFi and meme coins. This development could enhance SOL’s liquidity and adoption among a broader user base. Kalshi opened Solana deposits today, letting users fund their accounts directly…
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In Brief Solana leads all chains with $27.9 billion in weekly DEX volume, topping Ethereum and BNB Chain for the fourth straight week. Ecosystem strength grows as four Solana apps rank among the top 10 fee generators, led by Believe App with $3.68 million in daily fees. Technicals like RSI and Ichimoku suggest cooling momentum,…
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In Brief Solana (SOL) rebounds after hitting a 12-month low of $95, rising 17% to $124.81 amidst market recovery. An ascending trend line and rising RSI indicate increasing demand, signaling a potential rally to $138. Support levels at $120.74 could help sustain upward momentum, while a drop below this level may revisit $95. Solana plunged to…
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In Brief Solana’s TVL dropped to $9.90B before a slight recovery, reflecting ongoing ecosystem concerns. Bearish momentum is weakening, but SOL remains below key resistance levels, limiting recovery potential. A trend reversal could push SOL to $220, but failure to break resistance may continue the bearish trend. Solana (SOL) Total Value Locked (TVL) recently hit $9.90…
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