DeFi Development Corp. prices CHAD preferred stock IPO at $8 per share, raising $11M to expand its Solana treasury with a 13% annual dividend DeFi Development Corp. prices CHAD preferred stock IPO at $8, raising $11 million for Solana treasury.
Solana's reliance on Pump.fun for revenue highlights potential risks of dependency, despite strong transaction activity across its ecosystem. Solana app revenue surges to $143M in August, with Pump.fun carrying 40% of the load.
SOL holds above $97.70 as traders watch $106-$107 liquidity and the next major resistance at $120.23.
SOL broke a bullish chart pattern and rose 5.31% to $104.98, as analysts cite rising app revenue and AI payment tools to project $500 and $1,000 targets.
A two-month-old Layer 2 chain is out-earning every blockchain on Earth, powered by a memecoin casino and a gas subsidy that expires at the end of September. Two months ago, Robinhood launched a blockchain.
Korea Gold Exchange Digital Asset partners with Flowra to explore using a gold-backed digital asset as collateral to secure solana tokens for network validators. Capitalizing on Onchain Real-World Assets Solana blockchain infrastructure firm Flowra has signed a memorandum of understanding with Korea Gold Exchange Digital Asset.
x402 activity is way past the competition, and Solana is August's app revenue leader too!
Solana payment channels processed more than 1 million payments per second during a test involving 100,000 unique wallets. The system lets agents authorize a spending limit once, process multiple payments offchain, and settle the final amount in a single onchain transaction.
Solana's meme coin market may be booming again, but profits remain concentrated among a tiny minority.
Solana Mobile's hackathon fosters innovation and strengthens the mobile Web3 ecosystem, enhancing global developer engagement and platform adoption. Solana Mobile's CLOCK IN hackathon offers $135,000 in prizes for mobile dApp builders.
A majority backed the reform, but the supermajority rule left implementation authority with validators and stakers.
Solana's dominance in app revenue highlights its scalability and competitive edge, pressuring other blockchains to enhance performance and capacity. Solana leads August app revenue with $143M, capturing 38% share.