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

Over the past 24 hours, Solana's (CRYPTO: SOL) price rose 5.49% to $75.61. This continues its positive trend over the past week where it has experienced a 73.0% gain, moving from $43.62 to its current price.

Solana's Price Increased More Than 5% Within 24 hours

Cardano

Bitcoin

Ethereum

Famed investment strategist Lyn Alden has predicted bitcoin will hit $100,000 and ethereum will reach $5,000 as soon as next year...

Crypto Price Prediction: Bitcoin Could Be About To Soar To $100,000 And Ethereum To $5,000 As Cardano And Solana Suddenly Surge

A closely followed crypto trader is predicting new all-time highs for Ethereum competitor Solana (SOL) and exchange token FTT and says one meme coin is in the midst of a breakout. The pseudonymous trader, known as Smart Contracter, tells his 158,800 followers that even though SOL has just reached a fresh all-time high, the blazing […] The post Popular Crypto Trader Predicts New All-Time Highs for Solana and FTT, Says This Memecoin Is Breaking Out appeared first on The Daily Hodl.

Popular Crypto Trader Predicts New All-Time Highs for Solana and FTT, Says This Memecoin Is Breaking Out

Solana's native cryptocurrency SOL is up 96% on the week amidst rising NFT and DeFi usage on the high-volume blockchain network.

Ethereum Rival Solana Has Nearly Doubled in Price in One Week

This summer's NFT boom may be a key reason behind a spike in Arweave, a decentralized storage project underpinning several key marketplaces. 

Decentralized Storage Project Arweave Up 66% In A Week Amid Solana's NFT Summer

The SOL coin also hit an all-time high price today.

Solana DeFi Now Has More Than $2 Billion Flowing Through It

Ethereum Classic

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

Day Trader Bible, Ethereum Classic And Solana Among Top Crypto Movers In 24H

During the last few weeks, a crypto asset called solana has been making its way up the charts and has made it into the top ten cryptocurrencies by market capitalization. Solana reached an all-time price high on Monday, capturing $74 per unit and an 80% gain over the course of the week. In addition to […]

Solana Captures Fresh All-Time Highs, SOL Joins the Top Ten Crypto Assets by Market Cap

"First Mover" digs into Austrian crypto unicorn Bitpanda's latest funding round as the company has now tripled its valuation in five months to $4.1 billion. Bitpanda CEO and co-founder Eric Demuth shares the company's growth plan and the state of crypto in Europe.

Crypto Exchange Bitpanda's Valuation Triples to $4.1B, Solana Price Hits New All-Time High, Leading Altcoin Price Surge

Dogecoin

Shiba Inu

A prominent crypto strategist and trader says he's expecting Dogecoin, Solana and one more altcoin to ignite huge rallies while Bitcoin and Ethereum take a breather. The pseudonymous trader, known in the industry as Pentoshi, tells his 291,000 Twitter followers that Dogecoin (DOGE) is poised to rally to $0.42 after taking out resistance at $0.23 […] The post Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst appeared first on The Daily Hodl.

Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst

Solana (CRYPTO: SOL) was soaring in the late hours of Monday as it touched a fresh all-time high of $74.44. What's Moving?

DeFi Play Solana Keeps Hitting Fresh All-Time Highs: Is There Still Time To Buy In?

The price of SOL, the native asset of the Solana network, hit an all-time high on Monday — and market watchers say several catalysts appear to be at play amid the run-up.  The post Solana hits all-time high as market watchers say institutional interest is growing appeared first on The Block.

Solana hits all-time high as market watchers say institutional interest is growing

Terra

"Crypto natives have proven to be very resilient," one analyst said.

Solana, Terra Hit All-Time Highs as Markets Disregard Last Week's DeFi Hacks

What Happened: High-speed blockchain Solana (CRYPTO: SOL) saw its native token surge by more than 41% to a new all-time high of $64.48 today. Extending a week-long rally that saw its price appreciate by more than 56%, SOL recorded a 472.48% uptick in daily trading volume, which exceeded $3.9 billion at the time of writing.

Ethereum Competitor Solana (SOL) Rallies Over 40% To New All-Time High, Transaction Volumes Top 24B

Solana's (CRYPTO: SOL) price has increased 33.93% over the past 24 hours to $63.15. Over the past week, SOL has experienced an uptick of over 61.0%, moving from $39.27 to its current price.

Solana Pumps 34% And Hits New All Time High

The native token of the Solana blockchain, SOL, surged to a fresh record high above $60 on Monday amid the network's accelerating adoption.

Solana Hits New All-Time High Above $60

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CryptoCodex: Ethereum Rival Solana And Dogecoin Are Suddenly Soaring, Walmart Is Shopping For A Bitcoin And Crypto Lead, And Biden's CFTC Chair Pick

The price of SOL hit an all-time high above $63 following the launch of yet another primate-inspired NFT project.

Degenerate Apes NFT Sale Sends Solana to All-Time High

What Happened: Mango Markets, a new decentralized exchange (DEX) powered by the Solana (CRYPTO: SOL) blockchain, has raised $70.5 million in a 24-hour token sale.

Solana's Mango Markets DEX Raises $70M In One Of The Largest DeFi Token Sale

Solana's (CRYPTO: SOL) price has increased 8.05% over the past 24 hours to $43.98. Over the past week, SOL has experienced an uptick of over 14.0%, moving from $38.61 to its current price.

Crypto Day Trading – Solana's Price Increased More Than 8%

Polygon

The host of the popular crypto outlet Coin Bureau is tracking five altcoins he thinks have the most potential for the third quarter of 2021. Addressing his 1.23 million subscribers in a new video, the pseudonymous analyst known as Guy starts his list with Ethereum (ETH). The analyst lists multiple catalysts that could launch Ethereum […] The post These Five Altcoins Have Solid Potential for Q3, According to Coin Bureau appeared first on The Daily Hodl.

These Five Altcoins Have Solid Potential for Q3, According to Coin Bureau

At its height, investors had plowed over $500 million in USDC during the cross-margin trading platform's 24-hour sale.

Solana's Mango Markets DEX Raises $70M in MNGO Token Sale

The funding round was led by Galaxy Digital and Hashed.

Cross-Chain Wallet Liquality Raises $7M; Eyes Solana, Terra Functionality

At launch, the bridge will help assets and messages move between Ethereum, Binance Smart Chain, Terra and Solana.

Solana Launches Cross-Chain 'Wormhole' for Shuttling Assets From Ethereum, BSC

Cosmos

Quick Take This continuing series breaks down some of the latest developments from L1 chains, from DeFi and bridges to network activity and funding Recently, gaming and NFT projects have captured the attention of investors and DeFi users, and these verticals begun to spread from Ethereum to other chains This week, we look at Binance Smart Chain, Solana, Cosmos, and Terra

News for Solana Crypto (SOL)