Solana introduces Confidential Balances for private and compliant token transfers.
Experts predict DePIN and RWA will drive the next wave of crypto adoption, surpassing DeFi. Ethereum's Vitalik Buterin and Helius Labs' Mert Mumtaz highlight the importance of sustainability and integration. Stablecoins and tokenized RWAs are witnessing significant growth, reflecting a shift towards real-world applications.
Mert Mumtaz, CEO of Helius Labs, announced the introduction of ZK compression on Solana, promising significant scale improvements and reduced transaction costs. This development is seen as a game-changer for Solana, potentially boosting its price and developer activity.
Solana (SOL) has dropped 5% in value amid a general cryptocurrency market decline. Mert Mumtaz, CEO of Helius Labs, sold all his crypto holdings. Solana struggles with negative market trends.
Solana pierde $3 mil millones de su capitalización de mercado en medio de turbulencias generales. El CEO de Helius Labs, Mert Mumtaz, sugirió que los vientos en contra podrían continuar esta semana diciendo que vendió todas sus participaciones en cripto porque "el cripto ha terminado".
ZK Compression, introduced by Light Protocol and Helius Labs, allows Solana apps to scale by using state compression to utilize cheaper ledger space.
Solana-based developers Light Protocol and Helius Labs have introduced 'ZK Compression' to further application scaling on the network.
Ethereum's Dankrad Feist and Helius Labs CEO Mert Mumtaz debate on the significance of decentralization, highlighting divergent perspectives on crypto market priorities.
A Helius Labs executive suggests decentralizing the Solana validator community by staking with native teams, moving away from the dominance of large corporations.
Solana's open interest plunged $370 million due to network issues, with SOL price dropping. Despite a significant increase in OI from January to April 2024, a week-long network halt has prompted caution among traders. A bug causing failed transactions is being fixed, raising hopes for SOL's recovery.
Solana developers plan a major update on April 15 to address network congestion caused by an 'implementation bug', says Helius Labs CEO Mert Mumtaz.
