Drift Protocol, a major DeFi platform on Solana, suffered a severe attack on April 1, 2026, causing its total value locked (TVL) to drop by over 53%, from $550 million to $255 million. Loss estimates vary widely, ranging from $136 million to as high as $270 million, with deposits and withdrawals suspended as the team works with security firms and exchanges to contain the breach. This incident, affecting about 2% of Solana's DeFi TVL, raises concerns about smart contract security and may impact investor confidence across the ecosystem. Users are advised to monitor official updates for recovery progress and potential fund freezes by exchanges.
Solana achieved a record $3.47 billion in tokenized equities volume for June 2026, capturing over 96% of the global on-chain tokenized equity market. This milestone highlights Solana's strong position and efficiency in blockchain technology, maintain...
SPX6900 surged over 12% in 24 hours driven by a 62% volume increase and strong buying from Solana whales, who raised holdings by 65%. Ethereum network activity also picked up, with transfers nearly quadrupling and transactions doubling, supporting th...
Trading volumes for major cryptocurrencies have declined since July 2024, reflecting weak demand and low market confidence. This trend is driven by macroeconomic pressures, Bitcoin ETF outflows, and bearish price action. Despite this, Solana (SOL) ha...
Morgan Stanley's Denny Galindo highlights that Solana (SOL) has historically been a better diversifier in crypto portfolios than Ether (ETH), despite SOL's higher volatility. Bitcoin remains a low-correlation asset with traditional markets, but addin...
Solana is currently defending a crucial support level around $75.20, which could confirm a false breakdown and lead to a recovery targeting $98 and potentially $120. However, buyers must reclaim the $82-$94 resistance zone to confirm a stronger upwar...
