The Solana network had been one of the winners of 2021 after gaining widespread popularity among crypto users. Its incredibly fast transaction times had been one of the pulls, as well as the ability for developers to create decentralized applications (DApps) on the network. Since the beginning of 2022, the network has been racing toward an important milestone, which it has now successfully broken through. Solana Surpasses 100 Billion Transactions Solana’s transaction count had been ramping up over the last couple of months. In just 2 years, it has become one of the most used blockchains in the space. Solana had taken the decentralized finance (DeFi) and non-fungible tokens (NFTs) space by storm, now commanding the second-largest market share of the NFT space of any blockchain. Related Reading: Why Investing In Terra Classic (LUNC) May Be A Bad Idea Last week, the network made it past the 100 billion transaction mark. Interestingly, the network is still in Beta testing, and it has grown so much. It had been able to grow above the delay transaction count of its largest competitor Ethereum after it clocked more than 40 million daily transactions. SOL price trending at $35 | Source: SOLUSD on TradingView.com Solana continues to maintain its high transaction processing even with the massive growth it has experienced. At the time of this writing, the transactions per second (TPS) in the last 30 minutes were averaging around 3,000 TPS, according to data from Solana Explorer. SOL NFTs Rival Ethereum Ethereum NFTs had been the dominant tokens in the market and, understandably, remain so, even at this time. However, there have been numerous developments in the Solana NFT ecosystem that shows that the network is gearing up to rival Ethereum in this regard. One of the most recent NFT launches on the Solana blockchain, the y00ts NFT collection, is now billed as the “most hyped” NFT launch in history. It came from a critically acclaimed team behind the Dead Gods NFT collection. It sparked renewed interest in SOL NFTs, which helped to push the floor price higher. Related Reading: Staked ETH Nears 14 Million As Ethereum Readies For Breakout On Monday, Sentiment reported that SOL NFT sales had crossed 1.65 million. Solana NFT ecosystem Metaplex had also reported a significant uptick in the number of NFTs that are being minted on the platform over the month of September. However, it is hard to predict how long this growth trend will last, given that interest in the NFT space, in general, is down. The number of new addresses that are using NFTs since its peak in mid-September is down more than 60%, from 30k to 8k. Featured image from The Market Periodical, charts from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
As many bitcoin mining firms struggle to remain operational, CleanSpark is poised to emerge from this bear market stronger than ever.
Crypto enthusiasts are always looking for ways to improve their portfolios. Some cryptocurrencies offer a higher return potential than others, making it hard to choose which one to pick for your portfolio. Presales present the best opportunity to get involved in a cryptocurrency while the token price is low. Tamadoge (TAMA) is a new P2E […]
The 3air project aims to resolve the perennial issues that created and continue to contribute to the economic underdevelopment of many regions globally, starting with African cities. The project will launch on the global MEXC exchange on the 22nd of September, 2022 at 10:00 AM / 12:00 PM CET. The project arrives at a pivotal time in global history when the world depends on connectivity for many reasons, including global economic participation. 3air leverages its novel wireless broadband Internet connectivity solution – K3 Last Mile – to provide stable internet connection in places where it was previously impossible using traditional methods. It also provides access to innovative financial and digital identification solutions available through the 3air platform. 3air’s success has come with the aid of an impressive list of partners and backers that have supported its growth in achieving its goal to foster global economic equality and access to financial opportunities using blockchain-based innovations. 3air raised more than $3.5 million from its Seed, Private, Public and IDO rounds. 3air’s native token ($3AIR) will be officially listed on the MEXC exchange on the 22nd of September, 2022, at 10:00 AM UTC / 12:00 PM CET. The 3air Project 3air aims to connect people in African cities to the global economic ecosystem using its proprietary technology to bring affordable, high-speed, and stable broadband internet, digital TV, and IP telephony. 3air uses K3 Last Mile technology to provide up to 1 Gbps dedicated internet connectivity, over 150 digital TV stations, and IP telephony through the air. 3air’s blockchain-based platform will allow easy access to digital services, identity management, payments, and credit line building. Its native token, 3AIR, is currently available on BSC, with deployment on the SKALE blockchain in view. It will be used as the payment method for 3air’s digital services, including digital identities, internet broadband services, digital TV, and IP telephony. The 3air project will be executed over three stages – The first stage is expanding throughout Africa, providing broadband connectivity to everyone, everywhere. The second stage is the implementation of the 3air platform. The platform will facilitate access to telecom services, identity management, payment solutions, and credit line building. The final stage involves leading the revolution within the telecom industry as the premier blockchain-based, decentralized, permissionless ISP platform, tokenizing bandwidth and other services. It also aims to facilitate secondary markets, improve security, roaming, IoT, and connect ISPs globally. Providing Free Broadband Access Locally The 3air project is progressing steadily towards its goal to provide the infrastructure to connect users in African cities to the internet at high speed and low rates. As part of its development plan, 3air, in collaboration with K3 Telecom, installed its novel K3 Last Mile solution at Saint Joseph’s Secondary School (SJSS) to provide internet connectivity at the school. The project will provide a fast, reliable, and stable connection to access educational resources and growth opportunities more easily. The SJSS internet connectivity project highlights 3air’s dedication to providing the infrastructure to improve the quality of opportunities throughout African cities, starting from Sierra Leone. Launch on Synapse The native token – $3AIR – opened on the Synapse Network. The IDO had an allocation of $50 000 at $0.065 price per token. It opened to the winners from the Gleam competition (50 winners) on Wednesday, 14th September at 09:00 AM UTC (11:00 AM CET). The FCFS sale for SNP stakers and the general public opened on Thursday, 15th September. Token Launch The 3air token’s launch is a few days away, and we are prepared for a monumental event in our roadmap. Our launch will happen on the MEXC exchange on the 22nd of September, 2022 at 10:00 AM (12:00 PM CET). Our launch will mark the debut of the 3air platform along with its ecosystem of blockchain-based connectivity and financial solutions. The excitement is palpable within the 3air community, and our CEO, Sandi Bitenc, appreciates the support we have received so far. “Counting is never fun, but counting down to our launch has been surreal. It is a lot of hardwork, but seeing our efforts over the last few years come together coupled with the support we’ve had so far has made the ride smoother than we could have thought. Under the proper conditions, blockchain technology can and will resolve the problems that underserved regions face, and we are excited to be leading this initiative in Africa. Our experience, proprietary technology, and ecosystem of partners combine to become the perfect solution for perennially underserved regions, and we are delighted to facilitate equal growth opportunities globally.” – Sandi Bitenc, CEO of 3air. Learn more about 3air by visiting 3air.io or reading the documentation at docs.3air.io.
State representatives in South Carolina are particularly well-positioned to understand and support Bitcoin.
In recent weeks, Lucky Block has emerged as a leading crypto and NFT competition site. The LBLOCK token has been profitable for certain investors due […]
Though altcoins use Bitcoin to gain people’s trust, they’re simply a reimagining of fiat incentive alignment.
Are P2E a sustainable way to profitability? The quick answer, in general, is no, but there are exceptions. The specifics of each game and its […]
AngelBlock is a platform that connects knowledgeable investors with vetted, notable crypto and FinTech startups. The goal is to enable fully on-chain, decentralised financing and support from investors to new ventures in the cryptocurrency, blockchain, and FinTech space that focus on early-stage investments. In addition to supporting three promising startups with a 90,000 USDT grant […]
The crypto market has seen its returns over the last month wiped away in a matter of days. While the market was pumping, cryptocurrencies in the space were returning double-digit gains, with the investor sentiment rapidly growing with it. However, with bitcoin’s rejection at $25,000, the entire market had seen a swift downtrend. Now, investor sentiment has worsened, and the digital assets which had enjoyed the period of growth are now in the red. Crypto Indexes Lose Gained Value Back at the beginning of August, when the crypto market was recovering, all indexes in the space had seen tremendous growth. The most prominent of these had been the gains that the small and Mid Cap indexes had returned. As expected, these highly volatile assets had swung high since crypto investors were gaining their risk appetite once more. Related Reading: Why Ethereum Is An Attractive Investment Right Now However, as the month draws to an end and hype around the Ethereum Merge dies down, the market has swung back into the red. For last week, the Small Cap Index saw the most losses, which is expected in such a market. It is currently at -85 in returns for the month. The Mid and Large Cap Index also followed the same route with 8% losses. Bitcoin was the only one out of the three that managed to hold a bit better to its value, although not by a very large margin. The pioneer digital asset recorded losses of 7% during the same time period, all of this a stark contrast to the 12% overall gains that were seen in the crypto market back in the middle of August. Crypto market losses gains | Source: Arcane Research What Is The Reason? It is quite easy to see where the problem is coming from when one takes a look at the market at the beginning of August compared to now. Back then, investors began taking larger risks as prices recovered and more people became bullish. With the recent dump, investors have been burned and thus are less likely to take risks. There is also the fact that this reduced tendency to take risks also sent investors running to cover. So the market saw investors moving their funds out of volatile cryptocurrencies into more stable options. Total market cap at $1.022 trillion | Source: Crypto Total Market Cap on TradingView.com The result of this was stablecoins stealing more market share from assets such as Ethereum. This was the same trend that was recorded back in July before the pump. However, one difference is there is less movement to Bitcoin than previously recorded. Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead? Unless there is a significant boost in market sentiment, it is expected that this climate of bearish sentiment will continue. Nevertheless, stablecoins will remain winners in such markets, with USDT, USDC, and BUSD increasing their market share in the last week by 0.77%, 0.50%, and 0.32%, respectively. Featured image from Forkast News, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Lucky Block has made some serious news since its launch in January 2022. The team’s vision behind making NFTs fun by including some amazing prizes […]
Vitalik cheers ETH community for the pushback that they organized against the harsh Canadian crypto rules that impose annual buy limits on crypto for Canadian citizens. Vitalik Cheers ETH Community Vitalik Buterin, co-founder of Ethereum, praised community members for speaking out against new Canadian regulations banning crypto purchases. Glad to see Ethereum people pushing against […]
A recent Pew Research Center survey found that only 19% of women aged 18 to 29 invest in cryptocurrencies, compared to 43% of men in the same age group. However, the disparity in representation in the cryptocurrency and blockchain industries dwarfs these figures. According to a 2019 report, the proportion of women working in those […]