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

Publicly traded firm Janover disclosed the acquisition of 80,567 SOL for $10.5 million in its latest announcement. The company added that it will “begin staking its newly acquired SOL immediately.” From Nasdaq to Node Operator—Janover Stakes Its Claim on Solana Janover Inc.

Janover's Solana Hoard Now Over 163K as Firm Accelerates Staking Strategy

Solana (CRYPTO: SOL) is trading 5.72% lower Wednesday at $125.21, leading losses across major altcoins after a weeklong rally. The coin is up 18.94% over the past week and trimmed its monthly loss to just 2.18%.

Solana Price Falls But Holds Key Support As Canadian ETF Approval, Institutional Buying Offer Support

Cardano

Avalanche

The altcoins underperformed relative to the broader market in today's trading, despite some encouraging recent news emerging for the Solana ecosystem.

Solana, Cardano and Avalanche Lead Crypto Market Losses With 5% Dips

Janover's Solana holdings now total 163,651.7 SOL — valued at $21.2 million, inclusive of staking rewards.

Janover doubles down on Strategy-esque Solana bet, adding $10.5 million in SOL and unveiling a staking partnership with Kraken

Dogecoin

Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday's rally.

Dogecoin Whales Accumulate, SOL Hints at Consolidation as Market Takes a Breather

Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million.

Janover Doubles Solana Holdings to $21M, Sees 1,700% Stock Surge After Crypto Pivot

Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16.

Canada To Launch 4 Spot Solana ETFs on April 16, Beating U.S. to Market

Janover has scooped more than $20 million in Solana since its board approved a plan to add the token to its coffers earlier this month.

Publicly Traded Company Janover Boosts Solana Treasury Stash to $21 Million

Long-running NFT marketplace OpenSea has added support for Solana fungible token trading as part of its overhaul and expansion.

OpenSea Adds Solana Trading Ahead of SEA Token Launch

Bitcoin

Ethereum

Ethereum is always in the conversation, and doesn't need the additional “marketing” in D.C., say the network's top political advocates.

Bitcoin Has a DC Policy Institute, So Does Solana. Where's Ethereum?

Aiming to perhaps replicated Strategy's bitcoin (BTC) playbook, except with solana (SOL), fintech commercial real estate platform Janover (JNVR) has built a SOL stack worth roughly $21 million and seen its share price rise nearly 20-fold in less than a month.

Janover Takes Page From Saylor Playbook, Doubling SOL Stack to $20M as Stock Soars 1700%

Axiom, a rising meme coin trading platform on Solana, surpassed $100 million in daily volume on April 14, claiming half the market's share. With a record 26,800 users trading that day, Axiom's growth is driven by innovative tools, incentives, and viral community marketing.

Axiom Hits $100 Million in Daily Volume, Dominates Solana Meme Market

A closely followed crypto analyst believes one Solana (SOL)-based meme token is gearing up for further swings to the upside.

‘Hot Air Rises': Crypto Trader Says Solana-Based Memecoin That's Up 220%+ in a Month Primed To Go Much Higher

Solana (CRYPTO: SOL) is holding steady near recent highs on Tuesday as ETF speculation continues to drive bullish sentiment across the altcoin market. The coin is trading at $131.71, down just 0.1% on the day, after gaining nearly 19% over the last week.

Solana Holds Near Highs As ETF Bets Mount And Liquidity Stays Strong

While U.S. issuers are still waiting for the approval of a spot Solana (SOL) exchange-traded fund (ETF), Canadian investors will be able to trade such funds on the Toronto Stock Exchange starting Wednesday.

First Spot Solana ETFs to Hit Canadian Market This Week

XRP and solana (SOL) are top candidates for a spot ETF approval in the U.S., driven by their high liquidity, with the Ripple-related token edging out among others for what could go live on the market earlier, Kaiko analysts shared in a Monday report.

XRP Most Likely to Get U.S. Spot ETF Approval Ahead of SOL, DOGE: Analysts

On Tuesday, Janover Inc (NASDAQ:JNVR) announced the purchase of 80,567 Solana (CRYPTO: SOL), valued at approximately $10.5 million. This purchase marks the third execution under its newly adopted digital asset treasury strategy.

EXCLUSIVE: Janover Scoops $10.5 Million Of Solana Under New Treasury Strategy

Bloomberg Senior ETF Analyst Eric Balchunas shared that four asset managers are set to launch spot Solana ETFs in Canada on Wednesday.

Canada to launch spot Solana ETFs this week: report

Canada has outpaced the U.S. with the launch of staking-enabled spot Solana ETFs as interest globally continues to build.

Canada to Launch 'World First' Spot Solana ETFs With Staking This Week: Balchunas

A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal. Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100.

Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025

Solana (CRYPTO: SOL) is pushing higher to start the week, extending a rebound from early April as momentum builds behind renewed ETF optimism and easing macro pressures. Price Action At the time of writing, Solana is trading at $132.11, up 3.76% over the last 24 hours, according to CoinMarketCap.

Solana Extends Rally As ETF Bets Climb And Market Sentiment Turns

XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.

XRP, SOL and ADA Flash Bullish Patterns as Traders Eye Recovery

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: SOL Gains 10.8% as Nearly All Assets Trade Higher

The cryptocurrency market slipped by 1.56% in the past 24 hours on Sunday, pulling the global market cap down to $2.66 trillion as major assets saw mixed performance. Altcoins Diverge as Trading Volume Declines This week in crypto markets, bitcoin ( BTC) maintained its dominance, trading at $83,781 with a slight 1.

XRP, SOL, and AVAX Buck the Trend in Mixed Week of Crypto Action

The Solana Policy Institute aims to reform DeFi's shadowy reputation and ensure the space remains forefront in the minds of policymakers.

News for Solana Crypto (SOL)