Solana News: Hashlock Successfully Audits Moonopol, Enhancing Security for Decentralized Binary Prediction Markets

In a move that underscores the importance of robust security in the decentralized finance (DeFi) space, Hashlock, a prominent Web3 security firm, has announced the successful completion of a security audit for Moonopol, a Solana-based program that facilitates decentralized binary prediction markets. Here’s a closer look at the audit and its implications for Moonopol and the broader Solana ecosystem.

Hashlock Completes Security Audit for Moonopol on Solana

Hashlock, a leader in Web3 security, has successfully completed a security audit for Moonopol, a Solana program that creates and manages decentralized binary prediction markets. Users can place and match both limit and market orders using USDC as collateral. The audit involved manual and proactive code review to ensure the deployed contracts’ security. Moonopol handles market initialization, order matching via complex PDA-based mechanisms, market resolution, and reward distribution while maintaining strict economic and state invariants.

01 Relaunches as Part of N1 Ecosystem with Native Solana Bridge

Perpetual decentralized exchange Nos has announced a rebrand to ’01’, with the full backing of N1. This move integrates 01 into the N1 family, aligning with N1’s mission to foster an ecosystem of scalable, innovative dapps. The 01 name was previously used by a notable perp DEX on Solana that ceased operations following the FTX collapse in 2022. The rebrand of Nos will build upon the goodwill that the original 01 accrued. Built using Amber’s infrastructure and targeting a March mainnet launch, Nos now revives this legacy.

Solana: Can SOL Hit $700 By 2030?

The cryptocurrency market has seen recent bloodshed, and Solana (SOL) was no exception, experiencing a nearly 20% drop over the past seven days. However, SOL hasn’t been falling as much as the rest of the market over the last day, potentially due to DTCC’s listing of the first SOL futures ETF. SOL has been one of the biggest losers of February 2025, recording a 41% downfall in the past 30 days, with prices fluctuating between $244.33 and $130.69. At the time of writing, SOL was trading at $141.02 with a slight gain of 0.33% over the past 24 hours.

Solana Drops 50%—Asset Manager Warns ‘The Casino Is Collapsing’

Solana (SOL) has plummeted 50% in almost a straight line over the past five weeks due to heightened market volatility, speculative frenzy in memecoins, and looming sell pressure from the upcoming FTX estate unlock of 11.2 million SOL on March 1. Crypto asset manager Travis Kling of Ikigai Asset Management has warned that the broader implications of the sell-off suggest that the once-thriving investment thesis of “owning the casino” may be unraveling in real-time.