For the past two months, the SOL token's price has been on the rise. Rather than financial market whims, this is due to the hard work that developers have been putting into the ecosystem.

The crypto wallet provider announced the launch of a crypto exchange "dedicated to the ideals and principles the industry stands for." It has already secured a license in Dubai.

The new platform eliminates the need for Web3 coding knowledge, enabling developers to add blockchain-based elements through a unified Web2-friendly API. It can also help provide a frictionless gaming environment for non-blockchain-savvy players.

MakerDAO, the largest decentralized stablecoin project, plans to launch its own stand-alone blockchain by potentially forking Solana. This decision, however, is meeting a mixed response from the crypto community.

The payments giant has been accepting USDC payments on Ethereum from card-issuer Crypto.com in Australia since 2021, and will now use the cheaper Solana network to settle cross-border transactions with Merchant Acquirers, Worldpay and Nuvei, which collect payments on behalf of global retailers.

Solana blockchain shakes off SEC ruling and outperforms competitors thanks in part to high volumes of NFT activity.

Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.

Solana has been intriguing us with news of its innovative smartphone for 10 months now. On May 8, this Android device, designed to optimise work with Web3 and ensure seamless integration with crypto platforms, became available for pre-order.