Global #Solana

Robinhood's European cryptocurrency branch has introduced Solana staking, allowing users to earn approximately 5% APY (annual percentage yield) at launch, as stated by Johann Kerbrat, the general manager of Robinhood Crypto, in an interview with Blockworks.

Since the beginning of April, there has been a surge in the creation of new tokens, surpassing 1 million in total. Ethereum saw over 370,000 new tokens emerge, while Solana witnessed the launch of over 640,000 new tokens, primarily memecoins.

CoinGate, a well-known cryptocurrency payment processor, has unveiled the incorporation of the Solana (SOL) network into its payment gateway

The Solana (SOL) network has witnessed significant activity recently, largely driven by the surge in popularity of meme coins.

Solana experienced a 5% drop in value in a single day due to concerns about further sell-offs by FTX, potentially putting $125 million at risk if it rebounds, as it has done in the past.

The team behind Ore, a proof-of-work powered cryptocurrency native to Solana, recently clinched the "Grand Prize" at a Solana Foundation-sponsored hackathon, despite the project being implicated in a major disruption of the blockchain last month.