ICYMI: Traders are complaining about Solana’s performance, raising questions about its status as a Wall Street darling
Jim Greco, like many traders who have had to deal with the Solana network's outage over the last few days, is annoyed.
Those issues spilled into Saturday. Meanwhile Solana's official status Twitter account noted that the blockchain has been"experiencing high levels of network congestion" tied to "excessive duplicate transactions." FTX's Sam Bankman-Fried is a big backer and Jump Trading has poured capital into Solana-based projects. According to The Block Research's John Dantoni, more than 50% of Jump Crypto's protocol investments went into the SolanaPyth — the Solana-based data project — counts a wide range of market participants as backers, including IEX, Virtu, and GTS.
For large traders moving tens of millions, they have to move activity over-the-counter and agree to settle once the chain is working."Agree on a price now and settle later... CEXes are still working so you still have price discovery," an executive at a derivatives trading desk noted.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Traders are complaining about Solana’s performance, raising questions about its status as a Wall Street darlingSolana has been touted as a blockchain built to handle high-speed, large transactions. But recent network performance issues have put into question its position as a blockchain built for Wall Street.
Lire la suite »
Wall Street has worst week since the start of the pandemicStocks fell again on Wall Street Friday, capping off the worst weekly drop for the S&P 500 since the start of the pandemic.
Lire la suite »
Why Wall Street is celebrating Joe Biden’s low approval ratingOPINION: A president’s approval rating is often inversely correlated with the stock market. Here’s why.
Lire la suite »
Top Wall Street Analysts Are Bullish on These Stocks Heading Into EarningsTipRanks analyst ranking service pinpoints Wall Street’s best performing stocks, like Tesla and Amazon.
Lire la suite »