Solana: Assessing the odds of SOL surviving the latest crypto bloodbath

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Solana [SOL] has emerged as one of the biggest losers from the 19 August bloodbath in the crypto market. The famed Ethereum [ETH] killer has now lost the highest value among top 10 cryptocurrencies per Coin Market Cap. The SOL token is currently down 21.6% over the past week as the market showed a sharp […]

a NFT burning mechanism. This feature allows users to “safely remove spam and clean up Collectibles tab” from inside the wallet. Moreover, users will be able to gain SOL rewards from the process. Phantom is also working on a phishing alert system to draw users’ attention to potentially malicious transactions. These attempts are the latest in line to protect the user base on the Solana network.that it build Solana’s open-source core infrastructure.

As per the announcement, “network to billions worldwide”. Jump Crypto wrote in its announcement that it will “propose significant upgrades to Solana’s open-source core software.” It says this is an important step in the continued decentralization of Solana’s network.Despite the latest nosedive of the SOL token, Solana has managed to conclude the week on a high. The partnership with Jump Crypto represents a major coup as it strives to hold out its network outages.

 

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