Magic Eden follows OpenSea with NFT royalty enforcement tool

Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections. It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November. According to a Dec. 1 statement, the open-source royalty enforcement tool is built on […]

Solana TVL drops 32.4% as FTX turmoil rocks ecosystem

The total value locked (TVL) on the Solana chain has plummeted 32.4% in the last 24 hours, as news stemming from the collapse of FTX has sent waves through the crypto ecosystem.  According to DefiLlama, at the time of writing, Solana’s TVL has fallen to $423.68 million, down 32.4% in the last 24 hours, a […]

Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’

Solana (SOL) is on the track to log its worst daily performance on record. On Nov. 9, SOL’s price dropped more than 40% to around $16 primarily due to its association with Sam Bankman-Fried, the founder of crypto-focused hedge fund Alameda Research and cryptocurrency exchange FTX. SOL/USD daily price chart. Source: TradingView Sam tokens get […]

Solana’s co-founder addresses the blockchain’s reliability at Breakpoint

Solana co-founder Anatoly Yakovenko says the past year has been mired by the network’s reliability issues and outages, but recent updates will help the blockchain resolve its reliability issues.  During the Breakpoint 2022 annual conference in Lisbon, Portugal on Nov. 5,  Yakovenko discussed the past and future of the blockchain, noting the network has faced difficulties […]

‘Performing as expected’ — Aptos Labs defends day 1 criticism

After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) has finally launched its mainnet, though it has been marred by mixed reception.  The much-anticipated proof-of-stake blockchain, dubbed by some as a “Solana killer” due to its claimed 160,000 transactions per second (TPS) has launched its mainnet on Oct. 17. However, […]

Ongoing Solana-based wallet hack has already seen millions drained

A security vulnerability impacting the Solana ecosystem has reportedly seen millions in funds drained across a number of Solana-based wallets. At the time of writing, Solana (SOL) is currently trending on Twitter as countless users are either reporting on the hack as it unfolds, or are reporting to have lost funds themselves, warning anyone with […]