#solana

The digital asset world is evolving rapidly, bringing with it an array of new investment tools. Following the successful debut of Bitcoin and Ethereum ETFs, it appears that Solana’s turn may be approaching.

Solana-based NFT marketplace Magic Eden is expanding. The platform announced adding support for 2 more blockchains: Berachain and ApeChain, bringing the total number of supported blockchains to 9.

The Ethena Labs community has proposed using Solana (SOL) as collateral for the synthetic stablecoin USDe, which is backed by hedged trades and reserves. This initiative is now under review by the independent Ethena Risk Management Committee, which has seven days to evaluate the proposal.

Dan Albert, Executive Director of the Solana Foundation, dismissed claims of network centralization, arguing that coordinating updates with validators is consistent with decentralization principles. The concerns emerged after a confidential discussion and the release of a security patch by validators and developers.

Adam Cochran, a crypto commentator, has suggested that Martin Shkreli may have violated his parole terms by being involved with the DJT token on the Solana blockchain.

On October 28, Phantom, the most widely used crypto wallet on the Solana network, reported intermittent service issues.

In addition to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the stablecoin Tether (USDT), MoonPay users can now add XRP to their portfolios. This expansion aligns with the growing demand for this cryptocurrency and broadens the platform’s capabilities.

Raydium, an Automated Market Maker on the Solana blockchain, has announced a new feature enabling transfers from EVM networks to Solana.

After the success of its previous device, the Solana Saga, Solana Mobile unveiled its newest smartphone, the Solana Seeker. This new model features significant upgrades, including an upgraded camera, a longer-lasting battery, and a more affordable price than its predecessor.

Sonic, a second-layer gaming blockchain built on Solana, has raised $12 million in its latest funding round, reaching a diluted valuation of $100 million. Prominent venture firms like Bitkraft Ventures, Galaxy Interactive, OKX Ventures, and others participated in the investment.