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.
Explore Solana's price outlook, key resistance levels, market momentum, and the next potential bullish target for SOL.
A Rain contract exploit drained $1.1 million from Solana stablecoin card users on Aug. 28, Blockaid reports.
Solana (SOL) is currently changing hands near $99 following a modest correction of approximately 3% over the last 24-hour period. However, this short-term retracement hasn't diminished the impressive 35% gain SOL has registered across the previous two weeks.
Backpack US appointed Multicoin cofounder Kyle Samani to its board as the company expands its regulated financial services.
On September 1, Anza initiated Transaction V1 on the testnet of Solana, allowing for the final rehearsal of this upgrade prior to its launch on September 9.
Solana's token unlocks could lead to market volatility, affecting token prices and investor sentiment, especially with political influences at play. Solana ecosystem braces for nearly $100M in token unlocks this September.
August activity reached a new high after the memecoin fee boom that inflated revenue a year earlier had faded.
Solana's plan to double its annual disinflation rate has drawn criticism from SOL Strategies CEO Michael Hubbard, who has argued that the network's current inflation of about 4% to 4.5% does not justify an accelerated reduction.
Solana (SOL) is targeting a mid-term rally toward $120 if it successfully defends its $100 psychological support. The uptrend is fueled by an 11-day streak of positive ETF inflows, higher protocol fees, and rising active addresses.
Solana's expanded transaction capacity could significantly enhance scalability, enabling more complex applications and improving developer efficiency. Solana's Transaction V1 goes live on testnet, tripling max transaction size.
Solana price is holding near the key $100 level despite a mild cryptocurrency market correction that interrupted its recent rally. SOL declined 2.95% over 24 hours to around $99.35, underperforming the broader crypto market, but remains roughly 35% higher over the past two weeks.