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Despite the latest FTX-related crisis, Solana still has what it takes to win the layer-1 race, according to the head of strategy at the Solana Foundation, Austin Federa. About two months after the FTX collapse, the Solana network is stronger than ever, according to Austin Federa, head of strategy and communications at the Solana Foundation.  Federa defines the recent SOL token price crash as a short-term market reaction to the perceived connection between Solana and the defunct crypto exchange FTX. While FTX founder Sam Bankman-Fried was invested in many Solana-based projects, Federa pointed out he didn’t have any influence on the network’s operations and fundamentals.  “The external perception was that there was a very close relationship between the Solana network and FTX, which wasn’t the case,” Federa explained in a recent interview with Cointelegraph.  According to a recent report by Electric Capital, the Solana network has been experiencing a record inflow of Developers contrib...

Last week, Former President Donald Trump released a collection of 45,000 NFTs. The tokens, minted on Polygon, sold out completely like hot pancakes in a period of less than a day. Per press time data from OpenSea, the total volume of the Trump Digital Trading Card collection stood at 6332 ETH or around $7.5 million. Furthermore, the floor price reflected a value of 0.344 ETH [$406.74]. The same marked a rough 4x elevation from its original launch price of $99. According to community reactions on social media platforms, Trump’s move is likely intended to merge NFT fan engagement with politics ahead of the next presidential election. Also Read: Donald Trump Announces 2024 Presidential Campaign Polygon Network Activity Boosts The Polygon network seems to be one of the biggest beneficiaries of the launch of Donald Trump ’s NFT collection. Data from data analytics and insights platform Nansen revealed that the most expensive purchases on Polygon in the last 24 hours were ...