The price of Solana coin SOL has been on the rise overall. SOL price has formed a formation that gives hope for the future. The price of SOL has been on the rise with the market-wide rally on October 25th. Total value locked in Solana also rose to record levels.
SOL price rose more than 6% to $214 during the day. SOL, which has gained 35 percent over the past week, has come very close to the record price level of $ 222 at the beginning of September.
The daily price chart of the SOL/USD pair showing the pennant breakout. Source: TradingView
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
About ADALend: ADALend is a decentralized lending protocol managed by the Cardano system. In this Cardano system, ADALend will impact the resilience of digital financial markets by providing a foundation for instant access to loans and collateral, leading to continued liquidity of the lender’s blockchain assets.
The ADALend protocol will power the new wave of flexible financial services in the digital asset markets.
Cardano ADALand
Key Features of ADALend
Unauthorized Lending on Any Matches: Our management will ensure that the best offers are available and only the safest prophecies are used. We guarantee reliable options for use by our customers. To achieve this success, secure authorization channels are used that limit the need for permissions for matching.
Incentivized Liquidity: Liquidity relies on having enough assets in each pool to facilitate lending. ADALend satisfies this requirement by encouraging users to invest their assets and provide liquidity.
Community Governance: Token holders can achieve consensus by voting on governance proposals or submitting new proposals for a vote.
Ecosystem Foundation Tier: ADALend has the ability to create incentives that can attract project assets and strengthen an ecosystem of financial products.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
ADALend has been included in the “Essential Cardano list” by IOHK. It has listed ADALend, which consists of projects considered as part of the ecosystem that provides and supports products and services to Cardano users, in its Essential Cardano List.
The “Essential Cardano List” provides an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation and Emurgo resources, as well as community-created materials and a list of available share pools.
The inclusion of ADALend in the list is a milestone for the project and its plans to broadcast consumer awareness about the project and its features.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
