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Solana, Polkadot Now Listed on World's Oldest Active Crypto Exchange, Bitstamp

Wed, 08/24/2022 - 13:37
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Tomiwabold Olajide
Solana and Polkadot are now available on Bitstamp
Solana, Polkadot Now Listed on World's Oldest Active Crypto Exchange, Bitstamp
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The crypto exchange listing bot has sounded an alert that top cryptocurrencies Solana and Polkadot are now listed on Bitstamp. Solana (SOL) ranks as ninth largest cryptocurrency in terms of market capitalization, while Polkadot (DOT) ranks as eleventh largest at present.

Notably, the exchange announced the listing of meme cryptocurrency Shiba Inu (SHIB) in June after postponing it due to technical difficulties.

As reported by U.Today, the oldest cryptocurrency exchange still in operation, Bitstamp, just celebrated its eleventh birthday. Given that the exchange has managed to survive all these years in a sector that is rife with scams and hacking incidents, this remains another significant milestone for the exchange. Mt. Gox, the dominant cryptocurrency exchange in the early years of the industry, collapsed in early 2014 as a result of a devastating hacking incident.

Solana has established itself as a competing blockchain to Ethereum, which has come under fire for its exorbitant fees and sluggish transaction times. However, this has come at the cost of multiple network disruptions in the past year.

Despite the outages and the recent multimillion-dollar wallet hack, Solana has made its way to major crypto exchanges. In April, stock brokerage app Robinhood announced its listing of Solana.

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Shiba Inu (SHIB) Finally Listed by Robinhood Together with Other Altcoins

A few months back, the news of the "Solana Phone" made headlines. Solana co-founder Anatoly Yakovenko stated that the network's smartphone, the Solana Saga, was a means of bringing cryptocurrency into the world of mobile computing.

In essence, the SOL Phone would serve as a hardware cryptocurrency wallet. Additionally, it would contain a developer's stack that would make it simpler to create and download cryptocurrency apps. Polkadot also continues to rank ahead of the pack in terms of its development activity.

According to on-chain analytics firm Santiment, Polkadot was the second most developed project in the last 30 days, closely trailing Ethereum.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.