Serum price soars 140% in one week amid FTX ‘exit pump’ fears

Serum, a “decentralized exchange” on the Solana blockchain, has performed exceptionally well in terms of its SRM token price, despite it ties to the defunct FTX exchange. SRM price up 140% in one week On the daily chart, the SRM/USD pair has gained 140% in the last seven days, hitting $0.319 on Nov. 21 versus […]

FTX integrate Bonfida's flagship service to enable domain withdrawal function

Bonfida, a multifunctional infrastructure built around Solana blockchain, has announced that their Solana Name Service, or SNS, will be integrated into cryptocurrency exchange FTX in a bid to expand the former’s digital footprint and adoption rate. Alongside the SNS, Bonfida is recognized within the industry for its deployment of the inaugural decentralized exchange, or DEX, on […]

DeFi tracker Step Finance raises $2M from Solana ecosystem investors

Step Finance, a Solana-native decentralized finance protocol, announced the completion of a private token sale for $2 million, which will help build and develop its platform. The round, disclosed on Tuesday, saw participation from notable Solana backers including Alameda Research, the hedge fund known for launching and backing FTX and Serum. Other investors include Raydium, […]

Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike

Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches for “bear market” spiked 102%. One trend that remained strong was NFT-related, with NFTs receiving an 86% increase in WeChat searches over the seven-day period. Token sales were another hot item with interest in Casper Labs surging after signups […]

Solana DeFi hackathon winners focus on DEX order books, interoperability

Solana and Serum announced the winners of a recent two-week hackathon focusing on building decentralized finance projects on the Solana blockchain. A total of nine projects were eligible for the hackathon’s official prize pool, with an additional project winning a community prize. The winning projects are primarily new DeFi protocols, though some infrastructure and tooling […]