#solana

Circle, the company behind the euro-backed stablecoin EURC, has expanded its availability. In addition to networks like Ethereum, Avalanche, and Stellar, EURC is now accessible on the Solana blockchain.

Telegram trading bot Unibot is set to introduce a new token, UNISOL, specifically for its project's iteration on Solana. This token will operate independently from Unibot's original Ethereum-based UNIBOT token. The initial announcement met with some dismay among the community, but the developers were quick to address concerns: revenues generated by Unibot on Solana will be equally shared between holders of both tokens.

Leading telecommunications company Telefónica announced a partnership with the Solana-based decentralized wireless network Helium Mobile to launch hotspots in Mexico.

In recent weeks, tokens on the Solana blockchain have been showing a consistent downward trend, following a period of growth in late 2023. A notable example is the popular token BONK, which has declined by around 70% since its peak on December 15, 2023.

Paxos, the stablecoin issuer, has received the green light from the New York State Department of Financial Services (DFS) for introducing its products to the Solana blockchain.

Solana Mobile recently reported that last week's demand for the Saga smartphone far surpassed expectations, leading to the shipment of 20,000 devices globally. This overwhelming demand resulted in the total exhaustion of their available stock.

The search volume for Solana on Google has seen a significant uptick, almost tripling in the last two months. This increase comes after a period of relative stability in searches until mid-October.

The cryptocurrency SOL, once championed by Sam Bankman-Fried of the now-bankrupt FTX exchange, has witnessed a remarkable rise, currently priced around $75. At the start of 2023, its cost was approximately $14, indicating an increase of over five times.