Coinspeaker
9 hour ago
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Solmate Launches First Bare-Metal Solana Validator in UAE at 0% Commission

Key Developments in Solana's Ecosystem:

  • Solmate Infrastructure (SLMT) has launched the first bare-metal Solana validator in the UAE, minting the country's first Solana block at 0% commission.
  • Solmate aims to become a leading global Solana validator by enhancing its SOL inventory to boost transaction speeds and throughput for Solana-based DeFi protocols.
  • Acurast has partnered with Irys_xyz to integrate decentralized cloud storage on Solana mobile devices, potentially transforming data and computing interactions.
  • Since October 28, institutional demand for Solana remains strong, with ETFs like Bitwise Solana ETF (BSOL) and Grayscale Solana Trust (GSOL) attracting over $294 million in inflows.

Solana ETFs hit $294 million in inflows | Oct. 28 to Nov. 6 | Source: FarsideInvestors

Investment Insights:

  • The continuous positive inflows into Solana ETFs indicate robust institutional interest despite market volatility.
  • Partnerships and infrastructure advancements are poised to enhance Solana's capabilities and appeal, particularly in the mobile sector.