Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Solana co-founder Anatoly Yakovenko published a whitepaper describing Proof of History, a technique that would become critical to Solana's blockchain infrastructure, in Nov. 2017. 

Co-founder Greg Fitzgerald, who had worked with Yakovenko at Qualcomm, began prototyping the open source implementation of the whitepaper. It was published under the name Silk in 2018. 

After starting the company under the name Loom, Yakovenko, Fitzgerald, and other co-founders rebranded to Solana. Solana launched on Mainnet Beta in March 2020.

Solana was built to facilitate the development of scalable, user-friendly decentralized apps with low costs and high speeds for transactions.

Solana believes its unique blockchain architecture that combines the proof-of-stake consensus mechanism and its own proof of history mechanism is the key to achieving these goals.

Proof of history works almost like a cryptographic timestamp that proves that an event has occurred at a specific time. It enables the blockchain to work fast while maintaining security and decentralization.

There are about 304 million SOL in circulation as of November 2021. Solana has an initial inflation rate of 8%, which will decrease by 15% a year until it reaches a long-term inflation rate of 1.5%. SOL is Solana’s native token.

Solana competes with other blockchain platforms such as Ethereum and Avalanche to host crypto projects such as NFTs, decentralized exchanges, and gaming. 

Developers and users flocked from Ethereum to Solana due to high transaction costs, but many could gravitate back towards Ethereum if it manages to lower costs, which could happen as a result of the Ethereum 2.0 upgrade and layer 2 rollups. 

Solana.com
Docs.solana.com/history
Forums.solana.com

JitoSOL is not a security, the protocol claimed in a new research paper.

Solana's Biggest Protocol Jito Leans In on a Changed DC

Solana posted a video ad on Monday to promote its upcoming conference only to remove it hours later following online controversy.

Solana retracts video ad amid backlash from crypto community

The blockchain's patriotic-themed ad campaign has drawn criticism, with some calling it “toxic” and at odds with crypto's inclusive values.

Solana Deletes Controversial Ad Following Crypto Community Backlash

Weeks before Trump won again, Solana held an event that protected "gender identity."

Solana Protected Gender Identity Before Panning It in Anti-Queer Ad

Cardano

Bitcoin

Ethereum

The submission comes three months after Hashdex's fund, which currently focuses on Bitcoin and Ethereum, first received SEC approval.

Hashdex Seeks to Add Solana, XRP and Cardano to Index ETF Holding Bitcoin and Ethereum

Litecoin

Avalanche

Chainlink

Uniswap

The proposed amendment would include various cryptocurrencies in the in the Hashdex Nasdaq Crypto Index US ETF.

Hashdex Seeks to Expand U.S. Crypto ETF to Include Litecoin, XRP and Other Altcoins

Limiting access to the chain that launched Trump's memecoin is like shutting investors out from Amazon or Google during their initial offerings, says Hadley Stern, at Marinade Labs.

The U.S. Deserves Better Crypto ETFs. Let's Start With Solana

As of today, CME Group offers the new contracts in two sizes: a micro-sized contract covering 25 SOL and a larger contract covering 500 SOL.

Solana futures debut today on CME: Here's what you need to know

Sui (SUI) was also an underperformer, declining 3.2% from Friday.

CoinDesk 20 Performance Update: Solana (SOL) Falls 3.9%, Leading Index Lower

Traders say the current sell-off could have been caused by an unwinding of ETF and spot linked traders.

Bitcoin Slumps, ADA, SOL, XRP Drop 5% as “Buy the Dip” Sentiment Persists

The private block trade was done ahead of a futures launch as CME prepares for a possible Solana ETF, expected by some to occur this year.

FalconX Carries Out ‘First' CME Group Solana Futures Block Trade

The Firedancer client, originally planned to launch in the second quarter of 2024, will likely debut this year, scaling the network's processing capabilities.

Solana marks 5 year anniversary as network activity dips, Firedancer launch inches closer

Dogecoin

Crypto trader Ali Martinez is highlighting a layer-one altcoin that could appreciate by 30x. Martinez tells his 132,300 followers on the social media platform X that Solana (SOL) is developing a cup and handle pattern on the weekly time frame that could lead to a 2,915% surge.

Trader Says Ethereum Rival Forming Bullish Setup That Could Trigger 2,915% Rally, Updates Outlook on Dogecoin

XRP rose 5% following a strong week for closely-related Ripple Labs, which bagged a payments license in the UAE and, per sources, is said to be on track for a close of its long-running court case against the U.S. Securities and Exchange Commission.

SOL, XRP Zoom 5% Higher as Bitcoin Grapples With $84K Level

A Solana (SOL) layer-2 scaling solution defied the wider crypto market slump and surged by more than 41% this week following a flurry of recent exchange listings. Solayer (LAYER) is a blockchain network designed for high throughput and near-zero latency.

Solana Layer-2 Scaler Defies Crypto Market Slump, Surges 41% This Week Amid Multiple Exchange Listings

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Solana's inflation-cutting proposal fails to pass, Russian oil companies reportedly using crypto to circumvent sanctions and more

The rebound in risk assets propelled BTC above its 200-day moving average, a key benchmark for the long-term trend.

Bitcoin Tops $84K, Battling Key Level for Bulls; SOL, LINK Lead Gains

SIMD-228 sought to reduce SOL token inflation by introducing a dynamic emissions model based on staking participation.

Solana's key SIMD-228 proposal fails to pass validator vote, token emissions unchanged

Solana's high inflation status quo will remain –– for now.

Solana Inflation Reform Effort Fails on Dramatic Final Voting Day

A widely followed analyst is leaning bullish on Solana (SOL) over the long term amid an upcoming upgrade. In a new video, the analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that a proposal to reduce Solana's inflation rate by around 80% at the end of Epoch 755 heightens Solana's bullish prospects.

Analyst Unveils Catalysts That Could Trigger ‘Crazy Pump' for Solana, Says SOL Could Become the Hardest Layer-1

If approved, the proposal could lead to a sharp reduction in the SOL inflation rate, potentially boosting the token's value.

Solana Proposal, Which Could Cut SOL Inflation By 80%, Gains Limited Validator Support

Binance CEO Richard Teng on Thursday expressed optimism that the pro-cryptocurrency policies introduced by U.S. President Donald Trump will inspire a wave of similar regulatory shifts worldwide. What Happened: Speaking at the CONVERGE LIVE event in Singapore on Thursday, Teng highlighted a dramatic change in the global financial landscape, noting that the United States, the world's largest economy, is now openly supporting digital currencies after years of regulatory uncertainty and skepticism under the previous administration.

Binance CEO Richard Teng Hails Donald Trump's Bitcoin Reserve, XRP, Ethereum, Solana Digital Asset Stockpile

The U.S. Securities and Exchange Commission is unlikely to approve or reject crypto ETFs until its new leadership is in place, according to a new report. What Happened: Coindesk on Wednesday reported that the SEC has acknowledged multiple spot crypto ETF applications but is unlikely to approve them until its leadership is settled.

Trump-Appointed SEC Chair Could Fast-Track Crypto ETF Approvals: XRP, Solana, Dogecoin ETFs Coming By June?

Grayscale, Canary Capital, Bitwise and 21Shares have filed for ETFs in recent months tracking the price of the sixrh largest crypto by market value.

CBOE Applies for Rules Change to List Franklin Templeton Solana ETF

Franklin Templeton has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the Franklin Solana ETF, a new exchange-traded fund designed to track the price of the cryptocurrency Solana (SOL).

News for Solana Crypto (SOL)