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

Bonk

Nasdaq-listed DeFi Development Corp. is adding to its Solana connections, teaming up with one of the network's top meme coins.

DeFi Development Corp. Stock Hits New High Following Solana Buys, Bonk Collab

Ethereum

The so-called "AWS of blockchain" has acquired Solana infrastructure provider DexterLab used by Google, Chainstack, and the Solana Foundation.

Alchemy acquires Solana infrastructure provider DexterLab as it continues expansion beyond Ethereum

Blockchain development platform Alchemy said it has acquired Solana developer DexterLab for an undisclosed fee.

Alchemy Acquires Solana Developer DexterLab for Undisclosed Sum

Nasdaq-listed DeFi Development Corp. (DFDV) jumped 30% on Friday to fresh record highs after unveiling a partnership with Solana's top memecoin BONK and purchasing another batch of Solana's SOL SOL tokens.

DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases

Solana (CRYPTO: SOL) is trading at $172.98, with a dip of 0.14% in the last 24 hours. The dip came after the users witnessed an NFT hack, in spite of the growing institutional use case of SOL.

Solana Price Dips Amid NFT Hack; But Golden Cross Is Near

Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.

'Internet Capital Markets' Explode as Companies Launch Products on Solana

Lyft, a ride-sharing company with over 2 million drivers, will leverage Hivemapper, a Solana-based DePIN application, as a low-level, street-focused mapping solution. Lyft will implement solutions provided by Bee Maps, a company that utilizes Hivemapper-based software.

Lyft to Leverage Solana DePIN Project Hivemapper Through Bee Maps

Solana (SOL) is starting to see capital flow back in after several weeks of outflows.

Capital Creeps Back Into Solana as On-Chain Demand Shows Early Signs of Recovery

Cardano

Dogecoin

Major tokens such as dogecoin (DOGE), cardano (ADA), and solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally.

Dogecoin, Cardano and Solana Slump as Crypto Majors See Profit-Taking After Week-Long Rally

Cosmos

Avalanche

Polkadot

Chainlink

Polygon

See 2025's top crypto performers! See which coins are delivering the best returns and leading the charge in crypto.

8 Of The Best Performing Cryptos In 2025 So Far: Which Coins Are Leading The Charge?

Bee Maps, a project on Hivemapper, one of the largest decentralized physical infrastructure networks (DePIN) focused on mapping data on Solana, shared Wednesday that it has teamed up with ride-hailing giant Lyft to provide them more accurate mapping data.

Lyft Taps Solana's Bee Maps for Real-Time, Crowdsourced Mapping Upgrade

Global markets are navigating uncertain waters as trade tensions between major economies intensify, creating ripple effects across traditional and cryptocurrency markets.

Solana (SOL) Surges 5% on Heavy Volume and Strengthening DeFi Metrics

Yakovenko stated that this meta-blockchain could improve the state of data availability in the digital space, opening the possibility of posting data wherever and whenever it is cheaper in any of the available chains part of this structure.

Solana Co-Founder Anatoly Yakovenko Floats Meta-Blockchain Proposal

The Nasdaq-listed firm said it purchased 172,670 SOL, boosting its total holdings to 595,988 SOL, worth about $102.7 million.

DeFi Development Corp adds 172,670 SOL, boosting total holdings over $100 million

Rooted in warmth and sunshine, boosted by pop culture, the name Solana is now one of America's most popular baby names.

Solana Isn't Just a Crypto—It's Now a Trending Baby Name in 2025

Bitcoin

Ethereum continued its startling surge Tuesday, pushing its weekly jump to over 50% as Bitcoin rose alongside other top coins.

Ethereum Weekly Price Spike Hits 50% as Bitcoin, Solana and Dogecoin Gain

A leading real-world asset platform with nearly $4 billion in tokenized securities under management is partnering with VanEck to launch the global investment firm's first tokenized fund. In a new press release, VanEck announces the launch of VanEck Treasury Fund (VBILL) in partnership with Securitize.

VanEck and Securitize Launch Tokenized Treasury Fund on Ethereum, Solana and Two Other Chains

A Solana trader hit it big with Gooncoin, pulling nearly $190K in profits in less than a day as Solana meme coins catch fire again.

Crypto Trader Turns $332 Into $190K on Gooncoin as Solana Meme Coins Get Hot Again

The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.

SEC seeks feedback for in-kind redemptions on BlackRock's Bitcoin ETF, delays Solana and Dogecoin proposals

DeFi Development Corp. (Nasdaq: DFDV) announced the acquisition of 172,670 solana ( SOL) tokens at an average price of $136.81, totaling approximately $23.6 million, marking the company's largest purchase of solana to date and its tenth acquisition under its digital asset treasury strategy. Following this transaction, DeFi Development Corp.

DeFi Development Corp. Acquires $23.6 Million in Solana, Expanding Total Holdings to 595,988 SOL

The project is a "decentralized naming protocol" on the Solana blockchain, which is meant to streamline user interactions.

Solana Name Service airdrops 40% of token supply after FIDA tokenomics deemed unsustainable

Upexi has a $100 million investment commitment anchored by GSR to buy and stake as many SOL tokens as possible.

BitGo to manage e-commerce firm Upexi's growing Solana treasury worth over $100 million

Toncoin

Solana's (CRYPTO: SOL) rapid rise as a high-performance blockchain is tempered by growing competition and network vulnerabilities, according to a new 21Shares report. What Happened: The analysis highlights challenges like rival Layer 1 and Layer 2 networks, limited decentralization and reliance on speculative trading as key risks to Solana's dominance.

Solana Faces Competition From Sui, Ton, Base Blockchains: Report

The price of Solana (SOL) has recovered after a two-week consolidation above the moving averages.

Solana Continues Its Uptrend Above $180

Amber International has introduced a $100 million crypto ecosystem reserve, leveraging AI-driven strategies to invest in select digital assets and foster institutional adoption. The initiative includes strategic partnerships and operates under a strong risk management framework to ensure secure and compliant investment pathways.

News for Solana Crypto (SOL)