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

Solana meme coin creators have earned almost $3 million in total, with some communities using the funds in creative ways.

Top Solana Meme Coin Creator on Pump.fun Has Earned $93,000 in Three Weeks

Bitcoin

Dogecoin

Market watchers say that major tokens are showing signs of bottoming out, even as geopolitical tensions and tariff fears continue to cloud the near-term outlook.

DOGE, XRP, SOL Show Price Bottoming as Bitcoin Traders Remain Optimistic

Ethereum

The SEC raised concerns over staking-linked ETFs a day after stating that most crypto staking falls outside the scope of securities laws.

SEC Flags Compliance Concerns Over Proposed Ethereum and Solana ETFs

The price of Solana (SOL) fell below the moving average lines but was halted at the 50-day SMS support.

Solana Collapses On Revisiting The $140 Low

Solana (SOL) remains under pressure as macroeconomic headwinds—particularly renewed tariff concerns — rattle investor confidence.

Solana Holds Near $154 After Losing Support as Tariff Fears Rattle Markets

The SEC said it asked the issuers behind new staking ETFs to delay the launch of the funds until the agency's concerns are resolved.

SEC casts doubt on REX‑Osprey bid to launch staking Ethereum, Solana ETFs

Rex Shares has filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC) for its solana ( SOL) and ethereum ( ETH) staking exchange-traded funds (ETFs).

Ethereum and Solana Staking ETFs Move Closer to US Listing

Solana (SOL) fell more than 5% over the past 24 hours, rattled by geopolitical tensions and waning memecoin activity on its network. The token dropped from $163.72 to a low of $154.99 as a combination of market uncertainty and declining network revenue put pressure on its price.

Solana's SOL Dips 5% Amid Fading Memecoin Trading Activity on Network

The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.

REX Shares and Osprey Funds file with SEC to offer staking Ethereum and Solana ETFs

Leading alts XRP, Solana, and Dogecoin are underperforming Bitcoin amid a broader market slide.

XRP, Solana and Alts Slide as Crypto Market Contracts by 5%

Explore the latest Solana price prediction, key factors driving SOL's value like network speed, DeFi growth plus what traders and analysts think is next for the Solana ecosystem.

Solana Price Prediction - What could affect SOL's future price?

Cardano

Dogecoin DOGE nosedived 9%, while Cardano's ADA ADA and Solana's SOL SOL each fell 6% in the past 24 hours as Trump's reinstated tariffs reignited trade tensions.

Dogecoin Dives 9%; Cardano's ADA, SOL Slump 6% as Renewed Tariff Fears Jolt Markets

Central African Republic will tokenize over 1,700 hectares of land using its national meme coin $CAR, President Touadéra said Thursday.

Central African Republic to Tokenize Land Using National Solana Meme Coin

Solana's long-term potential remains robust despite short-term hurdles, according to Standard Chartered's digital assets head Geoffrey Kendrick. The bank forecasts SOL will climb from roughly $175 today to $275 by late 2025 and $500 by 2029.

Standard Chartered Sees Solana Hitting $500 by 2029 Despite Short-Term Dip

DeFi Development Corp. has become the first publicly traded company to adopt Solana-based liquid staking tokens (LSTs), integrating Sanctum's technology to enhance its SOL treasury management and validator operations. Sanctum Partnership Sees DeFi Dev Corp. Embrace Solana LSTs DeFi Development Corp.

DeFi Dev Corp. Becomes First Public Company to Integrate Solana Liquid Staking Into Treasury Strategy

With crypto kidnappings on the rise and a Solana co-founder being doxxed, many in the industry are questioning if KYC is worth the risk.

Does Crypto Have a KYC Problem? Coinbase Hack, Solana Founder Doxxing Reopen Debate

Stellar

Rain, a crypto card platform that lets users spend stablecoins anywhere Visa (V) is accepted, said it has added support for Solana SOL, Tron TRX and Stellar XLM networks.

Rain Expands Stablecoin Visa Cards to Solana, Tron and Stellar as Digital Payment Gains Momentum

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Solana's 18 Month Long Bull Run Against Ether is Over; XRP Ends Mini-Uptrend

Liquidium has launched its new Liquidium Cross-Chain Loans product, enabling seamless lending and borrowing across bitcoin, ethereum, and solana without the need for centralized bridges or wrapped tokens.

Crypto P2P Lender Liquidium Launches Cross-Chain Lending Protocol for Bitcoin, Ethereum, and Solana

SOL Strategies has filed a $1 billion initial shelf filing to expand its capital-raising flexibility as it deepens its investment in Solana.

SOL Strategies Files $1B Shelf Prospectus to Boost Solana Investment 'Flexibility'

Solana's SOL SOL got a double dose of institutional adoption this week as two publicly traded firms revealed major initiatives centered on the blockchain's ecosystem — one targeting liquid staking, the other aiming to raise up to $1 billion for direct investment.

Solana Scores Twin Institutional Wins With $1B Raise and First Public Liquid Staking Strategy

The Nasdaq-listed firm claimed that it is the first publicly traded company to own liquid staking tokens on Solana.

Nasdaq-listed DeFi Development Corp taps liquid staking to scale Solana holdings

Last month, Sol Strategies secured a $500 million convertible note facility to acquire more SOL cryptocurrencies.

SOL Strategies files initial prospectus to raise up to $1 billion to expand Solana investment

Stablecoin issuer Circle used its authority to freeze wallets connected to the Libra token team containing millions of dollars of USDC.

Circle Freezes $58 Million Worth of USDC in Solana Wallets Tied to Libra Scandal

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

News for Solana Crypto (SOL)