Solana Bets Big on Turkey With Istanbul Conference
Turkey set to host inaugural Solana Crossroads conference....
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Turkey set to host inaugural Solana Crossroads conference....
TerraUSD (UST) fell from grace after it depegged from its $1 value on Monday and since dropped as much as 70% to $0.2998, when it was never supposed to deviate from the dollar-equivalent value.
Solana was designed with the blockchain trilemma in mind, a concept proposed by Vitalik Buterin, a Canadian-Russian programmer and co-founder of Ethereum.
Bitcoin is becoming a more attractive money alternative for Russians because the ruble lost its value, analysts said.
Solana plummeted to below $100 after cybercriminals took advantage of an exploit on Wormhole, a popular bridge between Solana and Ethereum.