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 price of Solana (SOL), which had peaked at $156.90, is currently declining. The altcoin has stopped above the $140 support.

Solana Continues Its Uptrend Above $140

This week, several institutions and venture capital firms announced purchases or investments in Solana totaling $1 billion, highlighting the token's relevance for the wider crypto industry. GSR, Galaxy Digital, SOL Strategies, Astra Fintech, and RockawayX are behind these moves to grow the Solana ecosystem.

Institutions Go All-in on Solana: Nearly $1 Billion Secured This Week

The platform is working with law enforcement and security professionals to evaluate the exploit and attempt to recover the funds, Loopscale said.

Solana DeFi protocol Loopscale hit with $5.8 million exploit two weeks after launch

DeFi Development Corp. (JNVR), formerly known as Janover, is doubling down on its plan to buy more Solana for its treasury as it looks to offer up to $1 billion worth of securities.

DeFi Development Plans to Raise $1 Billion to Buy More Solana

A popular crypto trader believes one top-10 altcoin will likely outperform Ethereum (ETH) once the crypto market takes off on a bull run again.

Analyst Says This Top-10 Altcoin Is Flashing Clear Signs It Will Outperform Ethereum When the Bull Run Resumes

Crypto VC firm RockawayX has launched a $125 million fund focused on early-stage Solana-based projects. With a track record of success and a hands-on investment strategy, the firm aims to capitalize on yield-generating DeFi opportunities.

RockawayX Launches $125 Million Fund to Back Solana's Next Generation of Builders

Dogecoin

NEAR Protocol

After launching Bitcoin and Ethereum ETFs, the crypto asset manager is expanding its focus—now to Near Protocol.

Near ETF Next? Bitwise Seeks Approval Alongside Solana, XRP and Dogecoin Filings

A shelf offering allows a company to register for a new securities issuance to offer equity and debt sales over time.

DeFi Development Company, the ‘MSTR of Solana,' files $1 billion shelf offering with SEC

Bitcoin

Twenty One Capital has huge Bitcoin treasury plans, there's a new XRP futures issuer entering the chat, and SOL revived this little-known company.

Public Keys: Twenty One's Bitcoin Play, XRP Futures Competition, and Investors Love Solana Treasury Companies

A widely followed analyst believes that Bitcoin (BTC) is in an uptrend, but one Ethereum (ETH) rival will likely outperform the flagship crypto asset. In a new video, the analyst pseudonymously known as InvestAnswers tells his 565,000 YouTube subscribers that Solana against Bitcoin (SOL/BTC) is likely on the verge of an explosive breakout.

Bitcoin Primed To Do Very Well, But This Ethereum Rival Is the ‘Faster Horse,' According to InvestAnswers

The funds were raised via convertible notes and will be used to purchase and subsequently stake solana tokens with the goal of generating yield.

SOL Strategies Secures $500M to Increase Solana Holdings

Saros, a decentralized finance protocol on Solana, on Thursday announced plans to launch Dynamic Liquidity Market Maker (DLMM) technology as part of its new v3 infrastructure upgrade. The initiative marks a shift in Solana's DeFi architecture, aiming to address liquidity inefficiencies and reduce ecosystem vulnerabilities exposed in recent centralized exchange failures.

Saros To Deploy DLMM Technology On Solana, Aiming To Improve DeFi Liquidity And Reduce Systemic Risks

RockawayX has $125 million for a fund aimed at backing early-stage crypto projects on Solana, as the network's user activity cools.

Investment Firm RockawayX Gets $125M for Early-Stage Fund for Solana Projects

Up to 75% of the fund's capital is expected to go toward Solana-based projects, RockawayX's Samantha Bohbot told The Block.

Crypto VC RockawayX raises $125 million for second fund to primarily invest in Solana projects

SOL Strategies, an investment firm listed on the Canadian Securities Exchange under the ticker HODL, has announced a significant $500 million.

SOL Strategies Shares Surge 25% After $500 Million Solana Acquisition Announcement

The fund will target early-stage companies building on the Solana blockchain.

Solana's Early Backer, $2 Billion RockawayX, Launches New $125 Million Fund

The publicly traded firm formerly known as Janover, DeFi Development Corporation (Nasdaq: JNVR), has announced the appointment of Fei “John” Han as Chief Financial Officer and Dan Kang as Head of Investor Relations, enhancing its financial leadership team as it scales its crypto-focused treasury strategy.

Defi Development Corporation Adds $9.9M in Solana to Treasury, Taps Binance VP as CFO

The new policy will remove long-term validators with minimal external stake, promoting decentralization while addressing certain concerns.

Solana Foundation Shifts Validator Strategy to Promote Self-Sufficiency

The 3iQ Solana Staking ETF (SOLQ.U) has logged impressive gains since its debut a week ago, with Cathie Wood-led Ark Invest emerging as a major buyer. What happened: The exchange-traded fund exposes investors to the price moves of Solana (CRYPTO: SOL), the sixth-largest cryptocurrency by market capitalization, while also generating passive rewards through staking.

Solana Staking ETF Surges 18% In Debut Week—Here's How Much Cathie Wood's Ark Invest Has Parked In It

Nasdaq-listed DeFi Development Corporation also announced Wednesday that it purchased around 65,305 SOL, bringing its total to 317,273 SOL.

SOL Strategies stock jumps 25% following $500 million raise to buy more Solana

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.

News for Solana Crypto (SOL)