Latest Solana News

Crypto.com has recently applied for a national trust bank charter, allowing it to operate as a regulated bank in the United States. This move is expected to enhance the exchange's credibility and competitiveness in the market. Meanwhile, the Bittensor community is celebrating the approval of TAO's ETP, a significant milestone for the artificial intelligence project. With the AI sector projected to grow 25 times by 2030, institutional investors are keen to tap into this promising market, and those who invested in TAO five years ago have seen their investments soar by 100 times. The crypto market appears to be entering an "ETP season," with multiple announcements of exchange-traded products (ETPs) occurring simultaneously. Notable launches include the TAO ETP by Safello in partnership with Deutsche Bank, the Toncoin ETP by CoinShares, and Grayscale's Solana ETP. ETPs provide a government-approved way for institutional investors to gain exposure to cryptocurrencies without holding the tokens directly. This trend is likely to continue, with more cryptocurrencies expected to receive ETPs in the coming weeks, including Doge and XRP. Among the top cryptocurrencies to consider are DeepSnitch AI, Bittensor (TAO), and Crypto.com (CRO). DeepSnitch AI is gaining traction with its presale, which has raised over $475,000 and surged by 37%. The project aims to democratize information for small investors through its AI intelligence dashboard. Bittensor remains a strong contender in the AI space, while Crypto.com is benefiting from its partnership with Trump Media and its bank charter application. As the market evolves, these projects present significant opportunities for investors looking for substantial returns in the near future.

As the cryptocurrency market transitions from a volatile October, November is shaping up to be a promising month with historical average gains exceeding 40%. Market analysts are particularly optimistic about several key players, including Bittensor, Polkadot, Solana, and the emerging PayFi solution, Remittix (RTX), which are expected to yield significant returns for investors. Bittensor (TAO) has emerged as a standout token, experiencing a remarkable 40% price increase over the past month. This growth is attributed to a robust ecosystem and a shift in staking behavior, which has generated heightened interest in subnet tokens. Analysts predict that if the bullish trend continues, Bittensor could potentially reach a price of $470, making it a focal point for investors looking for high returns. Polkadot is also making strides with governance reforms that limit its total supply to 2.1 billion DOT and enhance its treasury management through a decentralized autonomous organization (DAO). With over $3 billion in total value locked (TVL) across its parachains, Polkadot is establishing itself as a multichain economy. Experts forecast a price range between $4.01 and $13.90 by 2025, driven by its technical capabilities and real-world integrations. Meanwhile, Solana is leveraging institutional demand with the approval of spot ETFs in Hong Kong, which could significantly boost its price. Lastly, Remittix is gaining traction as a revolutionary PayFi solution, having raised over $27.7 million and confirmed listings on major exchanges, indicating strong institutional interest and retail engagement.

Powerledger has successfully integrated Wormhole’s Native Token Transfers (NTT) standard, allowing its POWR token to function as a multichain asset. This integration marks a significant milestone, enabling POWR to exist natively on both Ethereum and Solana without the need for wrapped or synthetic tokens. By leveraging this approach, Powerledger aims to enhance user experience and maintain the authenticity of the POWR token across multiple blockchains. The decision to expand to Solana was driven by the desire to provide users with more flexibility and access to a high-speed, low-cost transaction environment, complementing Ethereum's robust DeFi ecosystem. The advantages of using Wormhole’s NTT over traditional bridging solutions are substantial. Unlike typical bridges that create wrapped versions of tokens, which can lead to liquidity fragmentation, Wormhole’s NTT allows POWR to be deployed natively on each blockchain. This ensures that the POWR token remains consistent across networks, preserving its integrity and value. Additionally, the NTT standard simplifies the user experience, allowing for seamless cross-chain transfers and reducing potential confusion among users regarding token versions. This unified approach enhances liquidity and pricing efficiency, making it a strategic choice for Powerledger as it looks to expand further into other blockchains. The collaboration with Wormhole not only enhances the POWR token's functionality but also aligns with Powerledger's mission to democratize access to energy markets globally. By enabling easy cross-chain transfers and providing users with the flexibility to choose their preferred blockchain, Powerledger is empowering its community. This multichain rollout is a testament to the potential of cross-chain innovation, showcasing how collaboration can lead to improved user experiences and greater adoption of blockchain technology in the energy sector. As Powerledger looks to the future, it remains committed to exploring additional networks while maintaining the high standards established through its partnership with Wormhole.

Solana (SOL) is poised for a significant price rally in the upcoming weeks, having recently retested key macro support levels. The altcoin has demonstrated strong fundamentals that could support a parabolic rise for the SOL/USD pair. Following Bitcoin's rebound above $111k, Solana has experienced a notable increase of around 9% over the past three days, trading at approximately $193. Analysts are optimistic, predicting that if SOL can break through the resistance levels between $174 and $247, it will confirm an inverse head and shoulder pattern, further solidifying its bullish trajectory. The bullish sentiment surrounding Solana is reinforced by various technical indicators. The SOL/USD pair has rebounded from a crucial rising logarithmic support level established since late 2023. Additionally, the squeezing of the weekly Bollinger Bands and the recent rebound of the Relative Strength Index (RSI) above the 50 level suggest that further upside is likely. Market analyst Aksel Kibar highlights that a rally towards $247 would mark a significant milestone in Solana's ongoing bullish phase, potentially leading to a new all-time high. Moreover, Solana's recent price surge has coincided with a remarkable increase in transaction volume, reaching levels not seen since early this year. This uptick in activity is attributed to the Solana network's growing prominence in the Decentralized Physical Infrastructure Network (DePIN) sector, particularly following regulatory clarity in the United States. With 63 DePIN projects currently on the Solana network, including notable names like Helium and Hivemapper, the ecosystem is well-positioned for expansion, especially in the Asia-Pacific region. The upcoming Accelerate APAC event in Shanghai aims to foster collaboration among local tech firms and the global Solana community, further enhancing its growth potential in the region.

Grayscale's recent report highlights Solana (SOL) as a leading "hosting network" for blockchain applications, showcasing its significant role in the crypto ecosystem. The report reveals that Solana powers a diverse array of protocols, including Raydium, Pump.fun, and Helium, which contribute to substantial on-chain activity. Currently, the Solana ecosystem generates approximately $425 million in monthly fees, translating to an impressive annualized revenue of $5 billion, while maintaining an average transaction cost of just $0.02. This efficiency underscores Solana's scalability and effectiveness as a smart contract platform. The report further emphasizes Solana's growing developer community, with over 1,000 full-time developers actively building on the network, placing it second only to Ethereum in terms of developer count. This robust developer base is crucial for fostering long-term innovation and resilience within the ecosystem. Solana's diverse application landscape sets it apart from other networks, as it not only facilitates speculative trading but also supports real consumer and infrastructure applications, ensuring consistent on-chain demand. Grayscale's analysis also touches on the economic dynamics of the $SOL token, which serves as both a digital commodity and an investment vehicle for the broader Solana ecosystem. With an annual supply growth rate of about 4%–4.5%, the token's staking dynamics provide a nominal yield of around 7%, offering incentives for long-term holders. As Solana continues to expand its user base and transaction volume, the demand for $SOL is expected to rise, reinforcing its position as a key asset in the evolving crypto landscape. Overall, Solana's trajectory appears promising, with its unique value proposition and operational efficiencies paving the way for future growth in the decentralized application space.

Akash, a decentralized compute project founded by Greg Osuri, has announced plans to deprecate its current Cosmos SDK-based chain and migrate to a new network that can better secure its operations. This decision marks the beginning of a public evaluation process for potential candidates both within and outside the Cosmos ecosystem. While the specific destination chain has not yet been disclosed, Osuri emphasized the importance of strong security, a vibrant community, deep liquidity, and growth potential in selecting the new home for Akash, which will maintain IBC compatibility. Originally launched as a Cosmos appchain, Akash operates a decentralized marketplace that connects AI and cloud buyers with independent providers of GPU and compute capacity. The recent Mainnet 6 upgrade introduced Nvidia GPUs, allowing users to benefit from lower costs compared to traditional centralized cloud services. Osuri also reassured users regarding staking concerns, indicating that while staking may appear to be disappearing, it is actually evolving into a more advanced model. He mentioned that Solana is a strong contender for Akash's new network, but the team will be cautious in making their final decision. This shift to a new base-layer represents a significant architectural change for a decentralized physical infrastructure network (DePIN). Osuri's criteria for the migration reflect a broader search for scalable solutions as demand for AI compute rises. The Block's data indicates that DePIN is becoming a multi-billion-dollar asset class, with web3 cloud and AI compute identified as leading segments. However, challenges such as hardware access, network scalability, and regulatory uncertainties remain. The Akash team has not set a timeline for the migration, but they plan to engage the community in an open discussion about the trade-offs involved in the decision-making process.

The Grass Foundation is an innovative project that operates as a Decentralized Physical Infrastructure Network (DePIN) on the Solana blockchain. It enables users to earn passive income by sharing their extra bandwidth, which is utilized for the development of artificial intelligence tools. With over 2 million active users, the platform has garnered attention, but it has also faced skepticism due to various scams impersonating the project. This article aims to clarify the legitimacy of the Grass airdrop and provide a comprehensive guide for interested participants. The Grass airdrop functions similarly to other DePIN projects, rewarding users for their contributions of bandwidth. Participants can earn Grass Points by installing the Grass App or a web extension, which can later be converted into GRASS tokens. To be eligible for the airdrop, users must have a compatible device and a legitimate wallet address. However, the system is vigilant against fraudulent activities, and any detected misconduct may result in penalties, including the withholding of tokens. Despite the project's rapid growth and backing from reputable investment firms, users are advised to ensure they are accessing the official Grass website to avoid scams. The Grass Foundation has successfully conducted multiple airdrop campaigns, distributing a total of 100 million GRASS tokens to eligible participants. With the recent launch of its mainnet, the airdrop remains active, and the process for claiming Grass Points has been simplified. Users can easily withdraw their earnings by directing the system to transfer GRASS tokens to their wallets. While the Grass Foundation appears to be a legitimate project, potential participants should conduct their own research to verify its authenticity and understand the risks involved in the airdrop process.

Grass, the flagship product of Wynd Network, has successfully raised $10 million in a bridge funding round co-led by Polychain Capital and Tribe Capital. This funding, primarily structured as a token purchase, highlights the growing investor confidence in Grass's mission to decentralize internet connectivity and enhance AI data access. Previously, Grass had secured funding through Seed and Series A rounds, but this latest round was unplanned and comes at a crucial time as the project experiences rapid growth and adoption. Grass operates as a decentralized bandwidth network built on the Solana blockchain, allowing users to monetize their unused internet capacity by selling their 'view of the internet.' This innovative system enables companies and developers to access public web data at scale, which is essential for training and improving AI models. Users are rewarded with the native GRASS token, which serves as the primary vehicle for value accrual and governance. Co-founder Andrej Radonjic emphasized that Grass addresses the access challenges AI developers face when building or training models across the open web, thereby solving a significant bottleneck in data collection for AI. The recent funding round marks Polychain Capital's third investment in Grass, reflecting their strong belief in the company's potential. Grass has reported impressive growth, with 8.5 million monthly active users and collaborations with around 20 companies, including nonprofits and academic institutions. As the project continues to evolve, it aims to transition from providing training data to offering real-time inference data, which is crucial for generative AI systems. With its unique approach, Grass is positioned to redefine data pipelines for AI, shifting control from centralized tech companies to a decentralized global network, thus leading the charge in the intersection of AI and decentralized infrastructure.

The upcoming 375ai Token Sale is set to launch on CoinList on October 9, 2025, at 17:00 UTC, with registration now open. 375ai aims to revolutionize real-world data processing by developing an edge data network on the Solana blockchain. This innovative platform will utilize hardware and mobile applications to process video, audio, and sensor data locally, transforming terabytes of raw data into actionable insights in real-time. By shifting computational tasks to the edge, 375ai enhances cost efficiency, strengthens privacy, and supports more intelligent mobility, logistics, and AI systems. The token sale will feature a Fixed Dilution Value (FDV) of $75 million, with the EAT tokens priced at $0.075 each. A total of 26,666,667 EAT tokens, representing 2.67% of the total supply, will be allocated for this sale. The vesting schedule includes a 50% unlock at the Token Generation Event (TGE), followed by a linear release over the next 12 months. Participants can invest a minimum of $100 and a maximum of $500,000 using USDT, USDC, or USDe, with the purchase period running from October 9 to October 14, 2025. It is important to note that the token sale is not available to residents of the United States, Canada, and certain other jurisdictions. Interested investors are encouraged to secure their EAT tokens before they become available on exchanges. As always, potential participants should be aware of the inherent risks and uncertainties associated with such investments, as the information provided is subject to change and does not guarantee future performance or results.

Bee Maps, a decentralized mapping startup previously known as Hivemapper, has successfully raised $32 million to enhance its blockchain-based cartography network. The funding round was led by prominent investors including Pantera Capital, LDA Capital, Borderless Capital, and Ajna Capital, marking it as one of the largest in the Decentralized Physical Infrastructure Network (DePIN) sector. The platform incentivizes users with HONEY tokens for capturing real-world footage via Bee Dashcams, which is then processed by AI to identify roadwork, new signage, and infrastructure modifications. This decentralized approach aims to deliver more accurate and diverse geographical data compared to traditional centralized systems, as highlighted by a spokesperson from Pantera Capital. In its next phase, Bee Maps is focusing on accessibility by introducing a new $19 monthly Bee Membership Plan, which replaces the previous hardware fee of $589. This strategic move is expected to significantly increase user participation by lowering the barrier to entry for contributors. The platform has already secured data and integration partnerships with major players such as Volkswagen, Lyft, and Mapbox, allowing its live mapping feeds to be utilized in navigation tools and AI training models. As the DePIN sector continues to thrive, Bee Maps is positioned to capitalize on the growing demand for real-time, precise data in various industries. In a related development, the DePIN market is witnessing a surge, with a reported 28% increase in on-chain activity since July. Solana has emerged as the second most active blockchain for DePIN projects, following Ethereum. Meanwhile, the launch of Snorter, a new token and Telegram sniper bot, is gaining attention for its speed and efficiency in automating trades. Analysts from 99Bitcoins suggest that such utility bots could signal the next phase of the crypto bull market, particularly as they help users navigate the increasingly complex landscape of tokenized infrastructure projects. As the market evolves, both Bee Maps and Snorter are poised to play significant roles in shaping the future of decentralized applications and infrastructure.