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

Cardano

The reserve will include Ripple (XRP), Solana (SOL) and Cardano (ADA) tokens, according to a statement from the president.

Trump to Establish U.S. Crypto Reserve

Crypto investor Arthur Cheong says he will be holding on to his Solana (SOL) tokens in anticipation of its price being much higher in the coming months.

Investor Arthur Cheong Predicts Solana (SOL) Will Soon Be ‘Substantially Higher' – Here's His Timeline

Bitcoin

The popular Ethereum (ETH)-focused crypto wallet MetaMask plans to introduce native Bitcoin (BTC) and Solana (SOL) support in the coming months. MetaMask announced this week that Solana would be added in May, which represents the wallet's first native non-Ethereum Virtual Machine (EVM) support. The project plans to add Bitcoin compatibility sometime in Q3.

Crypto Wallet MetaMask Introducing Native Bitcoin (BTC) and Solana (SOL) Support This Year

The financial services titan CME Group says it's launching new futures contracts based on the smart contract platform Solana (SOL) in March.

Derivatives Giant CME Group To Roll Out New Solana (SOL) Futures Contracts This Month

Today, the altcoin has fallen sharply to $135.65 and is heading towards the bottom of the chart.

Solana Pauses Above $130 As It Has Reached Exhaustion

Pepe

Cryptocurrency analyst and trader Ali Martinez is warning that a top memecoin could plunge significantly amid the market downturn.

Crypto Trader Says Top Dogecoin and Shiba Inu Rival Could Crash 70%, Updates Outlook on Bitcoin and Solana

CME Group, the world's largest derivatives exchange, will introduce cash-settled solana (SOL) futures on March 17, 2025, pending regulatory approval, offering micro (25 SOL) and standard (500 SOL) contracts to cater to retail and institutional traders.

CME Group Reveals Solana Futures Launch for March 2025, Targeting Institutional and Retail Traders

Ethereum

MetaMask's expansion from Ethereum will include not just Bitcoin, as Decrypt previously reported, but also Solana. Here's when.

Ethereum Wallet MetaMask Is Adding Support for Solana Alongside Bitcoin

Solana was trading higher even as most digital assets sank further into negative territory on Friday.

Solana Price Rebounds as CME Group Debuts Futures to Meet 'Increasing Client Demand'

CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review.

CME Group plans to launch Solana futures on March 17

With Solana futures set to launch on CME next month, the path for a spot SOL ETF approval could become clearer.

CME Group to launch Solana futures on March 17 as ETF momentum builds

MetaMask announced plans to incorporate support for Bitcoin and Solana within the year as part of its ongoing product developments.

MetaMask To Support Bitcoin and Solana, Alongside Major UI Overhaul

CME Group expands its crypto offerings with Solana futures, set to debut in March.

CME Group to Launch Solana Futures as Demand for Crypto Derivatives Grows

Have we seen the last of the meme coin casino? Decrypt spoke to traders, founders, and analysts to find out.

Traders Debate: Is It Game Over for Solana Meme Coins?

Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list.

2 Solana Futures ETFs Listed on DTCC, Raising Hopes for Spot Solana ETF Approval

The crypto wallet also vowed to improve user experience with new updates such as gas abstraction and multiple SRPs.

MetaMask wallet to add support for Solana and Bitcoin

After a viral "prison break," comedian William Banks cashed out on a number of meme coins so he could donate money to support Palestine.

Viral Comedian 'Rug Pulls' Solana Meme Coins, Donates Proceeds to Palestine

A chart pattern suggests the smart contract platform Solana (SOL) could plunge by more than 50% if it loses a critical support level, according to a popular crypto trader. Ali Martinez tells his 128,800 followers on the social media platform X that the Ethereum (ETH) rival appears to be forming a right-angled ascending broadening pattern.

Crypto Trader Issues Solana Alert, Says the Ethereum Rival Could Crash 52% if Critical Support Level Crumbles

Polygon

Crypto exchanges appear to now be in safe waters—but legal experts say it's still too early for token projects to rest easy.

Are Solana, Polygon and Cardano in the Clear After SEC Crypto Case Dismissals?

Solana meme coin DADDY has spiked following reports that Andrew Tate is flying to America, after being held in Romania since 2022.

Andrew Tate DADDY Solana Meme Coin Jumps 54% as He Leaves Romania—Thanks to Trump

Volatility Shares Solana ETF and Volatility Shares 2x Solana ETF were assigned the ticker symbols SOLZ and SOLT, respectively, on DTCC.

DTCC lists first set of Solana futures ETFs, fueling hopes for spot SOL fund approval

Barstool Sports founder Dave Portnoy doesn't want the headaches that come with launching a new meme coin—after already dropping a couple.

Dave Portnoy Says 'Too Many Babies' in Crypto Market to Launch Another Solana Meme Coin

A widely followed crypto strategist believes that Bitcoin (BTC) and crypto are due for a huge upside burst following a massive liquidation event. On Monday, the crypto market witnessed over $1.58 billion in liquidations, mostly levered long positions, within a 24-hour period amid a slew of bearish developments.

Analyst Says Strong Crypto Bounce Seems Likely, Predicts Rallies to New Record High for Ethereum and Solana

Solana meme coin launchpad Pump.fun had its social media account swiped Wednesday to promote an unofficial PUMP token that swiftly crashed.

Pump.fun X Account Hacked to Promote Fraudulent PUMP Solana Meme Coin

The cross-chain “Inclusive Layer” makes it easier to launch consumer apps on Ethereum, its leading Layer 2s and Solana.

News for Solana Crypto (SOL)