Solana developer cavemanloverboy introduced proposal SIMD-547 to overhaul SOL tokenomics by adding a new base fee for transactions, increasing the amount of SOL tokens burned. This change aims to reduce inflation and could make SOL deflationary during periods of high network activity, potentially boosting daily token burn from 648 to up to 64,800 SOL. While supported by Solana co-founder Anatoly Yakovenko, some critics like Michael Hubbard warn it may hinder new institutional and AI use cases by raising transaction costs. The proposal is under community consideration and could significantly impact Solana's economic model if approved.
David Hoffman, co-founder of Bankless and a longtime Ethereum supporter, has sold his ETH holdings, signaling growing bearish sentiment for Ethereum. This move comes amid declining network activity, with daily active addresses dropping from over 1.5 ...
Kalshi, a CFTC-regulated exchange, has filed to offer perpetual futures contracts on 12 cryptocurrencies such as Ethereum, XRP, Solana, and Dogecoin. This move would mark a significant expansion into crypto derivatives for Kalshi, providing a regulat...
Phoenix Trade, a Solana-based on-chain perpetuals exchange, now offers full trading access through mobile browsers without requiring app downloads. The mobile platform provides the same features as desktop, including limit orders, on-chain settlement...
Cryptocurrency markets display varied price changes, with Bitcoin falling 2.62% to $71,490, while Ethereum slightly rises by 0.36% to $2,002.88. Several altcoins like TON, LAB, and NEAR see significant gains, up to nearly 68%, reflecting selective in...
Solana has reached a milestone of 200,000 holders driven by rising adoption of tokenized stocks on its network, marking it as a leader in on-chain equity use. While U.S. equities, especially tech stocks, continue to attract capital and outperform cry...
