Solana Foundation: Firedancer, a node validator developed by Jump Crypto, has been launched on the testnet
On October 31st, Solana Foundation announced at the Breakpoint, the annual conference of the Solana community, that the second node validator for Solana, Firedancer, developed by Jump Crypto, has officially launched on the testnet. <br>
SOL breaks above $33
The market showed SOL breaking through $33, now reporting at $33.01 with a daily increase of 3.81%. The market is volatile, so please be prepared for risk control.
Solana Labs Launches Web3 Incubator Program to Support Startups in the Web3 Industry
Solana Labs has launched its Solana Web3 Incubator program to support Web3 start-ups facing challenges with integrations and fundraising. The program will provide resources such as engineering, go-to-market and fundraising support, user experience feedback, and guidance on integrations with the Solana blockchain. Solana Labs aims to remove obstacles facing founders so that they can focus on solving problems for their users. The company hopes that the program will bring more sustainable businesses to the Solana ecosystem and help the Web3 industry grow. Solana is also being touted as a reliable indicator for tracking Bitcoin price movements.
Solana Labs launches incubator Solana Incubator
On October 27th, Solana Labs announced the launch of its incubator, Solana Incubator, with an application deadline of November 30th.
The selected teams will work directly with Solana Labs to meet their specific needs, including participation in blockchain development, design and product launch planning, fundraising support, and venture capital introductions, among others.
FTX cold wallet address has transferred approximately 470,000 SOL on Solana
PeckShield has monitored that FTX's cold wallet address on Solana has transferred approximately 470,000 SOL (about $15 million). Some of the funds have been sent to CEX, such as Binance. FTX's cold wallet address on the Ethereum chain has transferred approximately $2.5 million worth of cryptocurrencies, including 11,000 COMP and about 97,400 RNDN to Wintermute's Binance deposit address.
Solana ecosystem protocol Marinade begins blocking UK users
Website of Marinade, a liquidity staking protocol on Solana, has started blocking users from the UK, but it has stated that UK users can still use its SDK for unstaking and other operations. In addition, Orca Finance, a DEX on Solana, has also restricted access for UK users. Both actions are due to concerns about regulation by the UK Financial Conduct Authority.
Top Crypto Trader Predicts Floodgates Will Open for Solana Once Resistance is Broken
A prominent trader who accurately predicted the bottom of Bitcoin's bear market in 2018 believes that Solana (SOL) is poised for a breakthrough once it surpasses its multi-month accumulation range. The trader, known as Bluntz, suggests that SOL is likely to break out against both Bitcoin and the US dollar. Bluntz is also bullish on Ethereum (ETH), which he believes may be setting up for a rally after respecting support at $1,550 and printing a bullish higher-low setup. At the time of writing, Solana is worth $29.44 and Ethereum is worth $1,632.
SOL/ETH exchange rate hits 23-year high
According to the market data from Eu Yi OKX, the SOL/ETH exchange rate has reached a 23-year high of 0.018 and has returned to the level of November 9, 2022. As previously reported , SOL fell 30% on November 9, 2022 when FTX announced the closure of its withdrawal function.
Solana Networks TVL rises to $348 million
According to DefiLlama data, Solana network's TVL has increased to $348 million.
Solana Price Rally Continues with Potential for 20% Increase
Solana, a competitor to Ethereum Layer-1, has seen a 10% surge in price, breaking through the resistance level of $25 and currently trading at $25.96. Technical indicators suggest that the price rally is likely to continue, with the Relative Strength Index (RSI) indicating strong bullish sentiment and the Awesome Oscillator (AO) confirming the dominance of bulls.