
May 7th, 2025
Anza’s recent upgrade comes only shortly after Solana’s executive, Austin Federa confirmed that multiple developers were making efforts to fight congestion challenges.
The recent congestion events on the Solana blockchain has led to an infighting among different DeFi protocols leading to a major exodus of funds from Marginfi.
Some crypto projects on the network have been forced to postpone their launches indefinitely following the congestion challenges with Solana.
The announcement comes on the back of one of the watershed moments in the history of WOO X: this January, the platform managed to raise $9 million to boost exchange liquidity.
Base’s latest TPS figures have brought about an unavoidable comparison between its network and that of Solana.
San Francisco-based crypto venture capital Paradigm led the $225 million fundraising for Monad Labs to help it compete with other layer-one solutions like Solana.
Because of the congestion, project launches have been indefinitely halted as Solana developers promise to roll out solutions next week.
While other major coins have been riding the bullish wave, Solana (SOL) has been dragging behind.
Crypto exchange OKX quickly introduced the Tensor (TNSR) token on its perpetual futures market while allowing leverage of up to 50x.
GMX price seems to have seen some recovery, finding stability around the $39 mark.
The Ton blockchain has grown to a top-tier Web3 ecosystem with over $123 million in TVL and more than $20 billion in market cap.
In addressing ongoing challenges in the crypto and blockchain industry, Hoskinson reiterated that the problem lies in allowing short-term narratives and carnival barkers to dominate the conversation.
Kang stated that investing in meme coins isn’t fundamentally different from investing in conventional assets that yield substantial returns.
After the strong SOL price rally over the past few months, the Solana blockchain network has hit yet another roadblock recently. The Solana blockchain has been facing unprecedented levels of congestion while leading to a massive failure of transactions.
Solareum has decided to shut down the Telegram trading bot after the exploit as it cannot refund affected users because of a lack of funds.