Solana validators support a proposal to switch to a resource-based fee model that ties transaction fees and token burns to computing resources used, potentially increasing daily token burns from 650 to up to 9,000 SOL. Another proposal aims to double the annual deflation rate, accelerating supply reduction and reaching a lower inflation rate by 2029 instead of 2032. These changes could significantly reduce circulating supply and make Solana's tokenomics more responsive to network demand, similar to Ethereum's EIP-1559. The network is also rolling out performance upgrades and governance reforms, but the real impact depends on sustained high compute demand and governance outcomes.
Bitcoin and Ethereum posted small gains while overall crypto market activity slowed, with Bitcoin dominance increasing to 58.76%. This suggests investors prefer large-cap assets like Bitcoin for liquidity and safety amid cautious market conditions. A...
Solana's price rallied in early July but failed to sustain gains above $80, currently trading near $74. Weak trend strength, declining trading volume, and modest ETF inflows indicate buyers lack conviction for a strong breakout. Institutional demand ...
US Senators Elizabeth Warren and Richard Blumenthal have called on the SEC to investigate the $TRUMP memecoin on Solana after its value plummeted by about 97-98%, resulting in nearly $3.8 billion in losses for almost 1 million investors. They allege ...
Cryptocurrency prices are fluctuating with Bitcoin trading around $64,232, up 0.75%, and Ethereum at $1,874, up 0.40%. Several altcoins show mixed performance, with some like ZEC and AVAX gaining over 2%, while others like BEAT and LDO face significa...
Solana announced a nine-player lineup for the WSOP: Solana Showdown, featuring prominent crypto creators competing in a World Series of Poker-branded event. This initiative highlights creator-led visibility by merging online crypto personalities with...
