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

Smart money flows into SOL as Solana beats the competition with $222 million in revenue in Q3.

Solana News: Highest Q3 Revenue, Institutions Accumulate SOL

Solana's network continues to show unexpected resilience, according to new research from Matt Mena, a crypto research strategist at 21Shares.

Solana's $2.85B Revenue Rivals Palantir, Robinhood Amid Waning Memecoin Craze

Ethereum

MIT's Médard says decentralization isn't an ideology as large systems fail under central control, and new Ethereum tests prove it in code.

Top MIT Researcher Shows Decentralization Could Speed Up Ethereum, Solana

Grayscale is introducing staking for its Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) offerings, including the Grayscale Ethereum Trust ETF (NYSE:ETHE), the Grayscale Ethereum Mini Trust ETF (NYSE:ETH), and the Grayscale Solana Trust (NYSE:GSOL). What Happened: As reported on Monday by former Fox Business journalist Eleanor Terrett, the news comes after the SEC approved generic listing standards for crypto ETPs and clarified that staking activities do not violate securities laws.

Grayscale Launches Wall Street's First Ethereum, Solana Staking ETFs

One Nasdaq-listed company is betting its future on Solana (CRYPTO: SOL), having amassed a $530 million treasury that echoes Michael Saylor's bold Strategy playbook. Wall Street Executives Push Bold Crypto Pivot Solana Company, formerly Helius Medical Technologies (NASDAQ:HSDT), reported on Monday that its September accumulation had brought Solana holdings to more than 2.2 million tokens.

HSDT Follows Michael Saylor's Playbook With $530M Solana Bet—Is This The Next MSTR?

Solana (CRYPTO: SOL) is up over 2% on Monday, with an AI-based forecast highlighting a decisive breakout test around the $240 resistance zone. AI Forecast Signals Key Test The AI was asked to provide a short-term analysis for Solana and returned $227 as the key support and $240–$242 as the immediate resistance zone.

ChatGPT Says Solana's $240 Test Could Decide Its Entire Bull Run

Grayscale Investments launches staking for its ethereum and solana products, making ETHE and ETH the first U.S.-listed spot crypto exchange traded products with staking access.

Grayscale Launches Staking for Ethereum and Solana Products

Bitcoin

Bitcoin soared to a new peak price over the weekend following a record week for cryptocurrency ETF investments, with nearly $6 billion worth.

Bitcoin, Ethereum, Solana ETFs Surge as Crypto Funds Pull in Record $5.95 Billion

Forrmerly known as Helius Medical Technologies, the Nasdaq-listed firm now holds over 2.2 million SOL alongside $15 million in cash.

Solana Company builds $530 million SOL war chest amid growing corporate adoption

Bee Maps, the decentralized mapping project powered by Hivemapper, has raised $32 million in fresh funding to expand its global contributor network and scale its infrastructure, it announced Monday.

Bee Maps Raises $32M to Scale Solana-Powered Decentralized Mapping Network

Grayscale has introduced staking to its ether and solana investment products, becoming the first firm to offer staking through U.S.-listed spot crypto exchange-traded products (ETPs).

Grayscale Adds Staking to Ethereum and Solana Investment Products in U.S. First

Dogecoin

No, the bull run is not over yet. Yes, bitcoin (BTC) has pulled back from its record highs, and some alternative cryptocurrencies (altcoins) have seen profit-taking.

XRP, DOGE, SOL See Profit-Taking, Bitcoin's New High (Maybe) Could Still Rise Higher

Solana is preparing for a major overhaul that could make its famously fast blockchain even faster — and a lot easier to run.

Solana's Upcoming Architectural Changes and Why They Matter

Solana's role in the race to capture tokenized markets won new attention this week when Bitwise CIO Matthew Hougan called it “the new Wall Street.”

‘Solana Is the New Wall Street,' Bitwise CIO Matt Hougan Explains

Solana (CRYPTO: SOL) is up 2% to $231 on Friday morning after posting $77 million in net outflows, even as the blockchain outlined a long-term vision to host tokenized securities worth trillions of dollars. Solana Pushes $500 Trillion Tokenization Dream In a post to its community on X on Friday, Solana emphasized that securities, including Nasdaq-listed Class A common shares, are already being issued on-chain with full shareholder rights.

Solana Up 2% But Are $77 Million In Outflows Cause For Concern?

Yesterday, the bulls breached the 50-day SMA, initiating the altcoin's bullish surge, which pushed the price to the 21-day SMA barrier, reaching a high of $230, Coinidol.com reports.

Solana Bounces But Struggles Around $230

Visionsys AI has announced an exclusive partnership with Marinade Finance to establish a solana-based treasury program worth up to $2 billion, with $500 million in SOL acquisitions planned in the first six months. The move underscores growing institutional interest in staking and solana's expanding role in corporate finance.

Visionys AI Launches $2 Billion Solana Treasury Program With Marinade Finance

Ethereum NFT collection Moonbirds is flying high again, with prices rising after the project announced plans to launch a Solana token.

Moonbirds Token BIRB to Take Flight on Solana as NFT Comeback Continues

Sharps Technology Inc. announced Thursday that it has authorized a $100 million stock repurchase program, pointing to its commitment to enhancing shareholder value.

Solana DAT Sharps Technology Announces $100 Million Share Repurchase Program

Last month the online retailer of gym and fitness equipment pivoted to becoming a Solana-based digital asset treasury.

Australian Solana treasury buys over 200 million PUMP tokens

CME Group started offering Bitcoin futures in 2017.

CME Group Eyes 24/7 Trading on Options and Futures Ahead of XRP, Solana Debut

Share buybacks can help communicate to investors a company believes its stock is undervalued relative to its holdings.

Solana treasury Sharps Technology eyes $100 million share buyback

A new project wants to give blockchains their own “fast lane” on the internet. The DoubleZero Foundation announced Thursday that its highly anticipated mainnet-beta is live.

DoubleZero Mainnet Goes Live With Nearly 21% of Staked SOL on Board

Solana (CRYPTO: SOL) rallied sharply alongside the broader market on Wednesday, but cryptocurrency bettors are not going overboard with lofty expectations for the year. SOL Set To Enter Record Territory?

Solana Ready For $320–$360 After Bullish Retest, Says Popular Crypto Analyst, But Polymarket Punters Bet SOL Is Going To This Level Instead

Prediction market users on Myriad are split on the path forward for Ethereum and Solana. The charts tell an interesting story.

News for Solana Crypto (SOL)