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

The company, which holds 2.2 million SOL, stressed that it is targeting an expansion in Hong Kong, as the city has identified tokenization as a key area of fintech development. The expansion could increase the company's headcount to 30 people to potentially serve local banks.

The Solana Company Targets Hong Kong for Massive APAC Expansion

Loopscale paused its Solana lending protocol after a week-long attack campaign escalated, and said affected SOL and USDC Genesis Vaults have been made whole.

Loopscale Pauses Solana Lending Protocol After Week-Long Attacks

A ZetaChain proposal would halt its L1 around Dec. 9, open ZETA claims on Solana that day and burn about 55M ZETA, with voting set to close on Nov. 7.

ZetaChain Proposal Would Halt L1 Dec. 9, Burn 55M ZETA in Solana Move

USDC

Eligible US Galaxy owners can hold, send, and cash out USDC via Bastion custody and Coinbase Prime, with bank payouts across more than 60 countries worldwide.

Samsung Wallet USDC Accounts Go Live on Solana in US

Leap, built by the team behind Dialect, launched a beta iPhone app for trading tokenized stocks, ETFs, metals, currencies and crypto on Solana, pitching itself to traders looking beyond meme coins.

Solana Labs' Leap Launches Mobile App for Trading Tokenized Stocks and Crypto

Samsung Wallet's Stablecoin Account is now live for eligible U.S. Galaxy users, allowing them to use USDC on Solana.

Samsung Wallet launches USDC accounts on Solana for US Galaxy users

Eligible U.S. Galaxy users can now buy, hold, send and receive USDC on Solana directly in Samsung Wallet, without a separate crypto app or private keys to manage.

Stablecoins Go Mainstream as Samsung Wallet Adds USDC on Solana

Centrifuge launched a tokenized Schroders emerging markets debt fund on Solana, marking the $1 trillion asset manager's first deployment on the network.

Centrifuge Puts Schroders Debt Fund On-Chain on Solana

The $1 trillion-plus asset manager brings its emerging markets bond strategy to Solana, expanding the range of onchain actively managed funds.

Schroders launches tokenized emerging markets debt fund on Solana with Centrifuge

Bitcoin

Ethereum

Bitcoin (CRYPTO: BTC) climbed back to $80,000 Wednesday, leading a broad post-midterm rally across crypto. Why Crypto Surged Right After the Midterms Bitcoin's surge to $80,000 triggered more than $320 million in short liquidations within 30 minutes.

Bitcoin Pumps to $80,000, Ethereum, XRP, Solana Surge up to 6%

The global asset manager, which oversees $1.1 trillion in assets, is bringing an actively managed bond strategy onchain through tokenization specialist Centrifuge.

Global asset manager Schroders brings emerging market bond fund to Solana

Aptos

Bullish named Solana, Aptos and Ethereum as its first networks for issuer-sponsored tokenized shares, after moving 61M tokenized BLSH shares on Solana.

Bullish Picks Solana, Aptos and Ethereum for Issuer Tokenized Shares

Standard Chartered-backed Anchorpoint, a licensed Hong Kong stablecoin issuer, plans to mint and redeem HKDAP natively on Solana with the Solana Foundation.

Anchorpoint Plans Native HKDAP Stablecoin Minting on Solana

DeFi Development Corp. (NASDAQ:DFDV) (the "Company" or "DeFi Dev Corp."), the first U.S. public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced that its total holdings of SOL and SOL equivalents increased by 5,336 SOL since its last update, bringing its treasury to approximately 2,600,948 SOL, up from 2,595,612 SOL. © 2025 Benzinga.com.

DeFi Development Increase SOL Equivalents By 5,336

The Standard Chartered-led consortium entered a strategic collaboration with the Solana Foundation, aiming to bring its HKDAP stablecoin to the Solana ecosystem and enable native minting and redemptions on the Solana blockchain, targeting retail, local, and international adoption.

Anchorpoint Taps Solana to Launch HKDAP Regulated Stablecoin

While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this number to continue growing.

FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses

Zcash

Binance said 10 cryptocurrencies were fully backed after replenishing 90% of stolen assets. The exchange is sourcing less liquid tokens to close the remaining shortfall while targeting a Sunday withdrawal restart. 10 Cryptos Fully Backed as Binance Narrows Shortfall Binance reported progress replacing stolen assets in its third security incident update on X on Oct.

Binance Says BTC, ETH, XRP and 7 Other Cryptos Fully Backed After Hack

Binance is absorbing all losses through corporate funds, futures reserves, and SAFU, keeping user balances intact.

Binance says it has replaced 90% of stolen crypto after massive $6.3 billion breach

Polygon

Polygon's Open Money Stack now lets Solana businesses take customers from bank deposits to stablecoins and back, with fiat ramps covering 48 US states.

Polygon Brings Its Bank-to-Stablecoin Payments Stack to Solana

The two networks are setting aside their rivalry to connect Solana's stablecoin activity with Polygon's banking, wallet and payment infrastructure.

From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks

XRP (CRYPTO: XRP), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and BNB (CRYPTO: BNB) remain four of the five top altcoins in the market, according to prominent cryptocurrency analyst CryptosRUs. Why XRP, Ethereum, BNB and Hyperliquid Made the List George, as the analyst goes by his real name, told the Milk Road Crypto podcast Wednesday that he previously followed a 50-25-25 allocation rule, splitting portfolios between Bitcoin (CRYPTO: BTC), large-cap altcoins and smaller speculative tokens.

XRP, Ethereum, Solana Are 3 of the Top 5 Altcoins, Expert Says: And the Other 2?

The expansion gives Solana businesses one integration to connect bank funding, embedded wallets, cross-chain transfers and global payouts, with cross-border firm Kira among the first adopters.

Polygon Extends Its Stablecoin Payments Infrastructure to Solana

Polygon Labs has expanded its Polygon Open Money Stack to support Solana, allowing enterprises to manage bank funding and payouts via a single technical integration and commercial relationship. Streamlining Cross-Border Money Movement Polygon Labs announced on Oct.

Polygon Adds Solana to Open Money Stack in Major Expansion

Polygon added Solana to its payments platform, connecting businesses to bank funding, cross-chain transfers, stablecoins and global payouts.

Polygon adds Solana to payment stack linking bank accounts, crypto and payouts

About 1.56 million SOL sat on a validator that stopped earning, and the wallet still hasn't named the firm that held its keys.

News for Solana Crypto (SOL)