Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization.
Solana-based stablecoin exchange Saber has raised $7.7 million from Chamath Palihapitiya's Social Capital, Jump Capital, and others. The post Solana-based stablecoin exchange Saber raises $7.7 million from Chamath Palihapitiya’s Social Capital and others appeared first on The Block.
The Solana Foundation, Audius and Metaplex are trying to get 1,000 creators to start building on Web 3.
The cloud division of IEX — made famous by Michael Lewis's 2014 book "Flash Boys" — is jumping into DeFi with Solana-based data project Pyth. The post ‘Flash Boys’ exchange IEX dives into DeFi through Solana-based data project appeared first on The Block.
Three factors have propelled Solana: technology, products and partnerships, plus the "SBF factor." Could these help it take on Ethereum?
DeFi wallet Phantom, currently supporting the Solana blockchain, has raised $9 million in Series A funding led by A16z. The post DeFi wallet Phantom raises $9 million in Series A funding led by A16z appeared first on The Block.
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