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 latest buy brings the company's total holdings to 2,027,817 SOL, worth around $409 million at current prices.

Solana treasury DeFi Development's holdings surpass 2 million SOL

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Market sentiment in the cryptocurrency space shifted back to “Neutral” on Wednesday, although strong accumulation added momentum for some large-cap coins. Cryptocurrency Gains +/- Price (Recorded at 11:00 p.m.

Bitcoin, Ethereum, Dogecoin Gain; Solana Slides — Analytics Firm Notes Strong ETH Accumulation By 'Millionaire' and 'Small Billionaire' Investors

Galaxy Digital has partnered with Superstate to launch tokenized public shares ($GLXY) on the Solana blockchain.

Galaxy Digital And Superstate Launch Tokenized Public Shares On Solana

The TROLL meme coin team has secured a license to the Trollface IP, along with a merch deal with the original creator.

Trollface Meme Creator Grants Exclusive IP Rights to Solana Token in Six-Figure Deal

With bitcoin (BTC) stuck just above $110,000 and ether (ETH) consolidating after hitting fresh records, Solana (SOL) has emerged as a standout performer in the crypto market recently.

Solana Outperforms Bitcoin; Possibly Poised to Follow Ether's Recent 200% Rally, Says Analyst

Galaxy has partnered with Superstate to let stockholders tokenize and hold GLXY shares on Solana, a structure the companies claim is the first instance of SEC-registered public equity issued directly on a major public blockchain. Galaxy Ventures-Backed Superstate Powers GLXY Onchain Share Registry Galaxy Digital Inc. (Nasdaq/TSX: GLXY) said on Sept.

Galaxy Opens Onchain Equity Bridge for GLXY via Superstate on Solana

rAs Bitcoin (CRYPTO: BTC) consolidates above $110,000, market commentators are debating whether recent price action is a prelude to a reversal or if more downside is to come. What Happened: In a podcast update on Sep.1, prominent trader Mayne reaffirmed that "crypto is not dead," highlighting that current pullbacks remain part of the broader uptrend.

Can Bitcoin, Ethereum, Solana Disprove The Sentiment That 'September Is Always Bearish'?

Available to qualifying users, Ondo Global Markets plans to expand support to 1,000 tokenized securities by year-end.

Ondo debuts over 100 tokenized US stocks and ETFs on Ethereum, with BNB Chain and Solana support to follow

Superstate unveiled Opening Bell this past May to bring SEC-registered equities onchain, starting with Solana.

Galaxy Digital to tokenize its SEC-registered shares on Solana in key RWA move

Digital asset investment firm Galaxy Digital (GLXY) is bringing its stock onto blockchain rails as equity tokenization is gaining steam.

Galaxy Digital Tokenizes its Shares on Solana With Superstate

Bitcoin's (BTC) slide into September comes with an uncomfortable reminder for traders that history is not on their side.

Bitcoin Traders Warn of 12% Monthly Drop as Solana Leads Majors Gains

Solana is gearing up for major improvements after validators passed a proposal Tuesday—here's what Alpenglow will do and when it's coming.

Solana Set for Major Speed Boost via Alpenglow Upgrade—Here's What to Expect

Sharp gains in alternative cryptocurrencies could define the year-end, with SOL, XRP, and TRUMP poised to lead the charge, crypto options and derivatives platform PowerTrade said Tuesday.

TRUMP, XRP, and SOL Options Signal a Potential Year-End Altcoin Season: PowerTrade

The Solana community voted overwhelmingly in favor of the long-awaited Alpenglow upgrade, bringing the network one step closer to the most significant technical transformation in its history.

Solana Set for Major Overhaul After 98% Votes to Approve Historic 'Alpenglow' Upgrade

SOL pushes past $200 as Solana-based DApps rake in over $200 million in revenue in August.

Solana News: ‘100x Quicker' AlpenGlow Is a Go! WLFI and Jupiter Lend Go Live

Experts cite capital inflows driven by a weak U.S. dollar and Fed rate cut expectations influencing the crypto market's short-term bounce.

Bitcoin, XRP and Solana Bounce Back: Here's What's Going On

Solana's Alpenglow upgrade aims to cut finality to 150 milliseconds, a change that analysts say could cement its role as a strategic asset.

Solana Alpenglow Upgrade Could Propel SOL to $250 By Year-End: Analyst

Leading cryptocurrencies traded higher alongside stock futures on Monday, as investors parsed the recent appeals court decision that termed President Donald Trump's tariffs unconstitutional. Cryptocurrency Gains +/- Price (Recorded at 10:35 p.m.

Bitcoin, Dogecoin, Solana Rise — Ethereum Falls: BTC Correcting, But Potential For Growth Intact If Demand Holds, Says Analyst

﻿Solana (SOL) prices are rising but remain in a sideways pattern.

Solana Aims To Reach A Historic Highs Of $260

The cluster of filings echoes a similar round of revised filings from last Friday, which concerned spot XRP ETF proposals.

Cluster of updated Solana ETF filings shows ‘positive back and forth' between asset managers and SEC

Solana treasury firm DeFi Development Corp. is launching an extension of its crypto treasury firm into the UK.

Solana treasury firm DeFi Development Corp expands to UK, plans further global launches

After flashing a green light for Bitcoin and Ethereum products, the SEC is facing a growing pile of applications for crypto ETFs.

There Are Now More Than 90 Crypto ETFs Pending SEC Approval, Led by XRP and Solana

Solana (CRYPTO: SOL) is once again pulling back close to the $200 level, but market observers see a move toward $300 coming soon. What Happened: In a detailed X post, crypto chart analyst Ali Martinez highlighted Solana's test of the $205–$207 resistance zone, which has rejected three previous rallies.

This Solana Key Level Could Unlock A Rally To $300

The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve's path on interest-rate cuts.

Crypto Markets Today: SOL Futures Are More Popular Than Ever, U.S. Inflation Report Looms

Solana (CRYPTO: SOL) outperformed cryptocurrencies with a larger market capitalization on Thursday, following millions in purchases by treasury company DeFi Development Corp. (NASDAQ:DFDV). DFDV is moving ahead with momentum.

News for Solana Crypto (SOL)