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

SOL is now the fifth-largest crypto asset by market cap.

Solana Flips Fellow Ethereum Rival Cardano as SOL Nears All-Time High

Solana's (CRYPTO: SOL) price has increased 5.93% over the past 24 hours to $213.14. Over the past week, SOL has experienced an uptick of over 1.0%, moving from $207.46 to its current price.

Solana Rises More Than 5% In 24 hours

Bitcoin

Ethereum

Polkadot

Digital asset manager CoinShares is detailing a shift in the way institutions are allocating capital to Bitcoin and the altcoin markets. According the firm's latest report, a tidal wave of inflows triggered by the launch of the first Bitcoin (BTC) futures exchange-traded fund (ETF) in the US has evened out. The asset manager says the […] The post Institutional Investors Are Pouring Capital Into Bitcoin, Ethereum, Solana and Two Additional Altcoins: CoinShares appeared first on The Daily Hodl.

Institutional Investors Are Pouring Capital Into Bitcoin, Ethereum, Solana and Two Additional Altcoins: CoinShares

Solana's (CRYPTO: SOL) price has increased 7.68% over the past 24 hours to $204.62, which is in the opposite direction of its trend over the past week, where it has experienced a 2.0% loss, moving from $208.97 to its current price. As it stands right now, the coin's all-time high is $219.05.

Solana Rises More Than 7% In 24 hours

For those who are up to date with the global financial system, it is well known that cryptocurrency has slowly started to take over the future system.

CryptoGames: Play Dice and Win Solana!

Following the success of her Solana NFT collection, 14 year old Abigail is donating $200k to beluga conservation and a children's hospital program.

How a 14-Year-Old Used Solana NFTs to Raise $100k for Beluga Conservation

Cosmos

Terra

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As L1 ecosystems become more connected than ever before, pooling sufficient liquidity for assets has become increasingly important. As always, incentives are playing a critical role in concentrating capital.  This week, we dive into Terra, Cosmos, Solana, and Binance Smart Chain

Layer by Layer Issue 13: Terra, Cosmos, Solana and Binance Smart Chain

A closely followed crypto analyst is laying out where he thinks the critical support levels are for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) as the digital asset markets correct. In the latest Technical Roundup weekly newsletter, the pseudonymous analyst known as Cred says that a bullish structure remains intact for Bitcoin in the long-term […] The post Here Are the Must-Hold Levels for Bitcoin, Ethereum and Solana, According to Top Crypto Analyst appeared first on The Daily Hodl.

Here Are the Must-Hold Levels for Bitcoin, Ethereum and Solana, According to Top Crypto Analyst

Tulip Protocol (formerly SolFarm), a crypto yield aggregation platform built on Solana, has raised $5 million in strategic funding. The post Solana-based yield aggregator Tulip Protocol raises $5 million in token sale appeared first on The Block.

Solana-based yield aggregator Tulip Protocol raises $5 million in token sale

The DeFi app formerly known as SolFarm has over $800 million in crypto TVL.

Solana-Based Yield Aggregator Tulip Raises $5M

Aave

A popular crypto strategist and trader is predicting strong uptrends for Ethereum (ETH) while saying that explosive altcoin Solana (SOL) could continue its impressive performance. The pseudonymous trader Smart Contracter tells his 176,000 Twitter followers that he's keeping a close watch on Ethereum against Bitcoin (ETH/BTC) because he believes the trading pair remains bullish after […] The post Analyst Predicts Monster Uptrends for Ethereum and Aave, Says Red-Hot Solana Could Run Hard appeared first on The Daily Hodl.

Analyst Predicts Monster Uptrends for Ethereum and Aave, Says Red-Hot Solana Could Run Hard

While the blockchain network Solana's native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual […]

Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs

After launching its alpha mainnet yesterday, perpetual swaps exchange Drift has announced $3.8 million in fresh funding for initial liquidity and a deep insurance fund. 

Solana-based Perpetual Swaps Exchange Drift Raises $3.8M 

Multicoin Capital led the decentralized exchange's funding round with Jump and Alameda also participating.

Solana-Based Perpetual Swaps DEX Raises $3.8M

Solana's sol token attained its latest record price today. Market observers pointed to multiple factors as pushing the digital asset higher.

What Pushed Solana Prices To A Fresh, All-Time High Today?

The Block's Frank Chaparro chats with Jump Crypto president Kanav Kariya. The post Jump's Kanav Kariya details the firm's growing footprint in Solana, governance, and blockchain use cases appeared first on The Block.

Jump's Kanav Kariya details the firm's growing footprint in Solana, governance, and blockchain use cases

Cardano

Digital asset manager CoinShares says that last week, the crypto markets saw the biggest inflow of institutional capital ever recorded. The crypto firm says that digital asset investment products have shattered the record for both weekly and yearly capital flows by a huge margin. “Digital asset investment products saw inflows last week totaling US$1.47bn, the […] The post Solana and Cardano Dominate As Crypto Sees Largest Weekly Institutional Inflows in History appeared first on The Daily Hodl.

Solana and Cardano Dominate As Crypto Sees Largest Weekly Institutional Inflows in History

After a downturn in September, Solana's summer surge looks to be back in full swing as SOL hits a new peak price.

Ethereum Rival Solana Sets New All-Time High After 36% Weekly Rise

Over the past 24 hours, Solana's (CRYPTO: SOL) price has risen 9.84% to $208.9. This continues its positive trend over the past week where it has experienced a 30.0% gain, moving from $159.8 to its current price.

Cryptocurrency Solana Up More Than 9% In 24 hours

A variety of new Solana-specific projects, specifically in the realm of DeFi and DAOs, have played a role in the native token's latest rise.

Solana Rises 10%, Overtaking XRP

Solana (CRYPTO: SOL) price touched an all-time high of $214.96 in September and it was hovering 3.5% below that level at press time. What Happened: Solana is a token of a high-performance blockchain protocol focused on decentralized applications or DApps.

Is Solana Crypto Set To Hit A New All-Time High?

A popular crypto strategist and trader is predicting a fresh price spike for smart contract platform Solana and says one low-cap altcoin is gearing up for a supply shock. Pseudonymous crypto analyst Credible tells his 251,900 Twitter followers that he expects Solana (SOL) to ignite a massive rally after breaking out and starting a new […] The post One Low-Cap Altcoin Set for Massive Supply Shock As Solana Preps for Epic Rally: Crypto Analyst appeared first on The Daily Hodl.

One Low-Cap Altcoin Set for Massive Supply Shock As Solana Preps for Epic Rally: Crypto Analyst

Each tungsten cube NFT is purportedly backed by a physical tungsten cube.

Tungsten Cube NFT Sales on Solana Raise $100K for Coin Center

Hedera

A widely followed crypto analyst is bullish on five altcoins following Bitcoin's (BTC) big push to fresh all-time highs. The pseudonymous trader known as Credible Crypto tells his 251,200 Twitter followers that whales appear to be accumulating Convex Finance, whose CVX token powers the Curve Finance decentralized exchange (DEX). “Another million-dollar purchase of CVX from […] The post Five Altcoins Set To Surge As Crypto Markets Heat Up, According to Popular Crypto Trader appeared first on The Daily Hodl.

Five Altcoins Set To Surge As Crypto Markets Heat Up, According to Popular Crypto Trader

Solana's sol reached a new record earlier today. What's next for this digital token? Technical analysts weigh in.

News for Solana Crypto (SOL)