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

Dogecoin

Crypto firms are now waiting to hear back on 72 active applications for new crypto-related exchange-traded funds (ETFs). James Seyffart, an ETF analyst at Bloomberg Intelligence, compiled the list of submissions to the U.S. Securities and Exchange Commission (SEC).

XRP, Solana, DOGE and Others Among 72 Different ETF Applications Waiting for SEC Approval: Report

Canadian investment firm SOL Strategies has secured a $500 million convertible note to buy Solana, the company announced on Wednesday, reflecting the growing interest in the crypto that has been popular among meme coin developers and others who favor its speed compared to rivals.

SOL Strategies Secures $500M to Buy More Solana

DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana's SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday.

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

Troll, which was created on Solana nearly a year ago, has soared 361,500% since December. One trader rode this wave for dizzying profits.

Lucky Trader Turns $170 Into $225K By Holding Solana Meme Coin

Shares of Sol Strategies (HODL), a Toronto-listed digital-asset firm, jumped after the company said it secured an up-to $500 million convertible note facility to ramp up its investments focused on the Solana network.

SOL Strategies Surges on Up to $500M Credit Facility for Solana Investment

Ethereum

Crypto firm Galaxy Digital is executing an asset swap involving the native tokens of layer-1 blockchains Ethereum (ETH) and Solana (SOL), according to on-chain data. Data from blockchain tracking platform Lookonchain suggests that Galaxy Digital has, over the past two weeks, sold Ethereum worth tens of millions of dollars and purchased Solana.

Galaxy Digital Unloads Ethereum and Accumulates Solana As $105,480,000 in ETH Deposited to Binance: Lookonchain

Bitcoin

Bitcoin's (CRYPTO: BTC) climb to $94,250, up 6.5% during European trading hours on Wednesday, has ignited a rally across major altcoins, with Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP) and others posting double-digit gains. This surge points toward a broader market shift, where altcoins are poised for significant upside, driven by institutional adoption, regulatory clarity, and ecosystem innovation.

XRP, Ethereum, Solana, Dogecoin Surge 10% On Bitcoin's $94,000 Push: How High Can They Go?

The publicly traded firm formerly known as Janover, DeFi Development Corporation (Nasdaq: JNVR), has announced the purchase of 88,164 solana ( SOL) tokens, valued at approximately $11.5 million, bringing its total holdings to 251,842 SOL, worth around $34.4 million, including staking rewards.

Defi Development Corporation Acquires $11.5M in Solana Tokens, Expanding Holdings to $34.4M

A Solana whale who invested in 2021 is now sitting on more than $153 million in profit.

Solana Whale Nets $153 Million After 4-Year Stake, Unstakes 100,000 Tokens as Network Briefly Surpasses Ethereum in Staking Value

Bitcoin and Solana have continued to climb as the broader cryptocurrency market rebounds following volatility earlier in April.

Bitcoin Rises 7%, Solana Jumps 14.5% as $347 Million in Crypto Shorts Are Liquidated Following Market Recovery

The class action lawsuit alleges that the Solana DEX jointly planned "blatant fraud” with the M3M3 token launch.

Solana DEX Meteora Sued Over Alleged Pump-and-Dump Meme Coin Launch

Publicly traded real estate tech firm Janover is going deep on crypto, stacking more Solana and adopting a DeFi-inspired name.

Nasdaq-Listed Janover Buys More Solana, Changes Name to DeFi Development Corp.

Bitcoin is up big Tuesday, nearing $92,000—but major altcoins like Dogecoin, Solana, and Ethereum are showing even larger gains.

Dogecoin, Solana and Ethereum Spike as Bitcoin Hits Monthly High

Solana (CRYPTO: SOL) is trading 2.85% higher at $142.17 on Tuesday, extending its recent streak of gains and continuing to outpace much of the broader crypto market. The token is now up 7.15% over the past week and 6.5% over the past month as institutional flows and retail speculation converge to drive momentum.

Solana Price Climbs As Galaxy Digital Swaps ETH For SOL And Memecoin Momentum Builds

The firm began buying and staking SOL after being acquired by former Kraken executives earlier this month.

Janover completes rebrand as former Kraken execs double down on Solana treasury strategy

Solana has spiked more than 14% since April 2 when U.S. President Donald Trump imposed his global tariffs.

Bitcoin Surges Since Trump's 'Liberation Day'—But Solana Outperforms

Janover (JNVR), the real estate-focused fintech company with a Solana (SOL) treasury strategy, has been renamed to DeFi Development Corp and purchased another $11.5 million worth of SOL tokens, the firm said on Tuesday.

Janover Buys Another $11.5M in SOL, Gets Renamed Amid Crypto Treasury Strategy Play

A total of 72 cryptocurrency-related exchange-traded funds are currently awaiting approval by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. What Happened: These pending applications span a wide range of crypto assets, including mainstream tokens like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL), as well as meme coins such as Dogecoin (CRYPTO: DOGE) and themed funds like "2x Melania.

XRP, Solana, Dogecoin Among 72 Crypto-Related ETFs Awaiting SEC Approval,

Galaxy's token swap may reflect bearish sentiment around Ethereum, marked by a significant price correction and waning investor confidence.

Galaxy Digital swaps $106 million ETH for SOL, as ether dominance drops to record low

Mike Novogratz's Galaxy Digital has reportedly executed a significant swap, transferring approximately $100 million worth of ethereum for solana. According to a post from Wu Blockchain, onchain data from Lookonchain reveals that Galaxy Digital transferred 65,600 ETH, valued at around $105 million, to Binance over the past two weeks.

Galaxy Digital Reportedly Swaps $100 Million Worth of Ethereum for Solana

Astra Fintech has announced the launch of a $100 million fund aimed at accelerating innovation within the solana ecosystem. This initiative seeks to identify and support high-potential builders and startups, building on Astra's successful track record with projects like Mulex, DEPE, and Mone, and its sponsorship of the Seoulana event.

Astra Fintech Launches $100 Million Fund to Boost Solana Ecosystem Innovation

Mike Novogratz's Galaxy Digital has apparently swapped $100 million worth of ether (ETH) for solana's SOL.

Mike Novogratz's Galaxy Digital Swaps $100M ETH for SOL, On-Chain Data Shows

ARK Invest, led by Cathie Wood, has become the first U.S.-listed asset manager to gain exposure to Solana through an ETF.

ARK Invest Funds Become First U.S. ETFs To Add Exposure to Solana Through 3iQ's Staking ETF

Bitcoin and Ethereum ETFs were only the start: Issuers are now applying to offer all kinds of U.S. funds—for Dogecoin, Solana, XRP and more.

Which Crypto ETFs Are Next? Dogecoin, XRP, and Solana Lead the List

Nasdaq-listed Upexi has raised $100 million in fresh funding, with most of it slated to go towards establishing a Solana treasury reserve.

News for Solana Crypto (SOL)