[ccpw id="5"]

.

HomeNewsMatrixPort Will Delist Solana

MatrixPort Will Delist Solana

-

Asset manager MatrixPort is preparing to delist Solana.

FTX’s big collapse continues to put Solana’s business in trouble.

The Solana ecosystem, known for being heavily dependent on the FTX exchange, suffered a huge wound after the collapse. While discussions about Solana’s future continue, SOL is behind the ATH level of $260 by 96%.

Crypto asset management firm Matrixport announced that it will delist Solana investment products on Dec.

The company was founded by Jihan Hu, the co-founder of Bitcoin mining company Bitmain.

According to the reports, the company plans to launch new Solana products in the near future.

Solana, which entered into an important competition with Ethereum Layer 2 solutions, managed to gain a good share in the market thanks to faster and lower cost transactions. But the collapse of SBF’s crypto empire and the project’s ties to the company have eroded market confidence.

The Solana ecosystem was severely impacted by the growing skepticism after the collapse. Development activities on the network also suffered significantly.

Some crypto projects have announced that they are leaving the Solana network, which has experienced multiple outages over the past year.

Two popular NFT projects, DeGods and y00ts, have decided to switch to Ethereum and Polygon.

Although SOL was among the top 10 cryptocurrencies in terms of market capitalization for a period, it fell to the 17th place after the developments.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Silicon Valley Bank (SVB) Statement from ChatGPT CEO!

Sam Altman, CEO of Open AI, the firm behind text-based artificial intelligence (AI) platform ChatGPT, made some striking comments for SVB.

What’s Happening in Ripple (XRP)? It Dropped 15 Percent in a Short Time!

Developments in the Ripple (XRP)-SEC case seriously priced XRP, the 15 percent drop in the last days scared the XRP investor.

Record Level Crypto ATM Goes Offline In March

Last month, 3627 crypto ATMs went offline, marking the biggest monthly ATM drop.

El Salvador Eliminates AI Taxes

El Salvador's President Nayib Bukele presented the law to Congress to abolish taxes on artificial intelligence, technology and software.

Follow us

0FansLike
3,757FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img