Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit…
Solana (SOL) has witnessed a remarkable recovery in the past week, showcasing a string of steady gains. Presently, SOL has increased by 10% and is actively traded at $21.80, reflecting a slight uptick in the crypto’s price. While it’s important to note that SOL remains significantly distant from its all-time high of $260, the recent…
Solana has observed an increase of more than 20% in the past week. Here’s what on-chain data says regarding whether this is sustainable or not. Solana Trading Volume Has Remained Low Despite Price Rise In its latest insight post, the on-chain analytics firm Santiment has looked at the underlying metrics of Solana to see what…