Solana's token (SOL) is now accessible for trading on the XRP Ledger's native decentralized exchange through a wrapped SOL asset issued by Axelar. This development enhances interoperability between the Solana and XRP Ledger ecosystems, allowing users to trade SOL via multiple interfaces like XPMarket and First Ledger. XRPL Foundation director Hussein Zangana emphasized that Axelar is currently the only legitimate issuer of wrapped SOL on XRPL, warning users to beware of fake tokens. The wrapped SOL on XRPL is a cross-chain representation and not native SOL, meaning users should verify the issuer address before trading. This launch builds on Axelar's earlier integration of Solana with its interoperability network, enabling cross-chain transfers and messaging between Solana and over 70 other blockchain ecosystems.
Solana's decentralized exchange (DEX) recorded over $65 billion in trading volume in October, maintaining its position as the top DEX across blockchain networks for 15 consecutive months. This continued dominance highlights Solana's strong liquidity ...
The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...
Solana's blockchain has operated without a network-wide halt for 1,000 days since February 6, 2024, marking a record in technical stability. However, the SOL token price has fallen to $92.78, its lowest since August 21, reflecting a 22% drop over 30 ...
The Binance hacker has swapped nearly half of their 970,000 SOL holdings ($95.9 million) into Bitcoin, increasing selling pressure on Solana. This activity, combined with rising short positions and a 12% drop in the SOL/BTC ratio in October, signals ...
In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...
