Blockchain News

Solana Blockchain Flooded With Transactions After Kineko Announces Migration.

Kineko has officially switched to Solana, high-throughput sports betting and prediction markets protocol with the real-time settlement. Since its beginnings on the Ethereum network, the firm has grown significantly and is now a market leader in the crypto betting field. Kineko has a volume turnover of over $41 million to date. The team took a step back to assess the Ethereum network’s performance, as well as its capacity to scale and operate for the dApp and its users, both logistically and financially.

High gas prices, slow transaction times, and other concerns may all be addressed by switching to Solana. Transactions are orders of magnitude faster and cheaper on the Solana network, making it cost-effective for bettors, liquidity providers, and the project itself. The speed with which bets are settled, payments are made, and deposits are paid to betting accounts should all increase.

After the transfer is complete, users may buy Kineko tokens on Raydium and stake them for 200-300 percent APY, or they can bet with $KKO, which offers a 2% discount on all sports bets. With a worldwide betting industry worth over $250 billion, it appears that people are now seeing the value of a high-throughput, low-cost chain. Combine it with a fantastic UI/UX and you have a solution that can genuinely grow.

Kineko Casino is now open and provides a wide range of fascinating activities, including Sports Betting, Poker, Slots, Blackjack tables, and Roulette. With over 500 different games to select from, their Live Casino is open 24 hours a day, 7 days a week, so you can play whenever and wherever you choose.

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