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

Ethereum

In this week's, Morgan Stanley's Denny Galindo writes that as the crypto market expands, solana has historically been a better portfolio diversifier than ether, despite being more volatile.

Crypto Long & Short: To ETH or not to ETH — is SOL the better diversifier?

Morgan Stanley (NYSE:MS ) filed amendments on Tuesday to its registration documents for exchange-traded funds tied to Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL). Morgan Stanley Set To Launch New Crypto ETFs The banking behemoth submitted amended S-1 filings for two funds: the Morgan Stanley Ethereum Trust ETF, to trade under the ticker MSSE, and the Morgan Stanley Solana Trust ETF, to trade under the ticker MSOL.

Morgan Stanley Submits Amended Filing for Ethereum, Solana ETF— Analyst Says Launch Getting 'Pretty Close'

Morgan Stanley has filed fresh amendments to its spot ether and solana exchange-traded fund (ETF) applications, naming Coinbase as custodian and staking facilitator. The updates mark the banking giant's third round of revisions since its January debut filings.

Morgan Stanley Updates Ethereum and Solana ETF Filings as Coinbase Takes Custody and Staking Role

The joint initiative will seek to leverage the speed and efficiency of Solana's network to serve as a bridge between the domestic market and global liquidity pools. Through SBI Solana Global, the entities will offer on-chain services and products focused on the payments and real-world asset (RWA) use cases.

SBI Holdings and Solana Foundation Partner to Launch Japan's On-Chain Financial Markets

The SBI Solana Global joint venture now includes the Solana Foundation, the Swiss organization that oversees the layer-1 network.

SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance

SBI and the Solana Foundation are collaborating to build an onchain financial market with SBI R3 rebranding to SBI Solana Global.

SBI Holdings, Solana Foundation partner to build Japan-based onchain financial market

Morgan Stanley is positioning its proposed ethereum and solana ETFs to capture market share as competition intensifies, combining direct token exposure, staking rewards and institutional custody while the registration statements await effectiveness.

Morgan Stanley Targets Ethereum and Solana ETF Market Share Amid Intensifying Fee Competition

OpenAI's new flagship model is out, after spending two weeks locked behind a government-approved preview. It lands the same week Fable 5 leaves Anthropic's subscription plans.

OpenAI Releases GPT-5.6 Sol: Here's How It Stacks Up Against Other AI Models

Jito 

FullSend works by automatically routing every transaction signed in a Privy wallet directly to the current Solana block-building leader.

Stripe-owned Privy and Jito co-develop Solana transaction inclusion tool FullSend

Bitcoin

These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.

Latin America's biggest stock exchange now offers options on bitcoin, ether and solana futures

Moneygram has deployed an active Solana validator node and joined the Solana Developer Platform. Rather than an immediate integration with its retail remittance engine, this serves as an infrastructure staging ground to master public-node challenges before exposing its core settlement ledger.

Harry Hwang Warns Compliant Solana Order Flow Lanes Could Concentrate Institutional Liquidity

Bonk

The Bonk DAO wallet was exploited for roughly $20 million worth of the prominent dog-themed meme coin on Solana.

Solana Meme Coin Bonk Treasury Drained of $20 Million in 'Malicious' Governance Attack

TradFi dip buyers are using futures to prop up BTC and ETH after crypto majors dropped to yearly lows last week. Will retail traders join the party?

Bitcoin, Ethereum and SOL Bounce From Yearly Lows as Traders Eye Bullish July

Grayscale says Solana's growing application ecosystem is driving major on-chain activity, with the network averaging more than 100 million daily transactions year-to-date and supporting more than 1,000 decentralized applications.

Grayscale Spotlights the Applications Fueling Solana's Rapid Growth

THEA has raised $8 million in strategic funding to expand its behavioral AI infrastructure and develop Thea Network. The project aims to create a trust-minimized settlement layer for AI services, using off-chain compute, Solana anchoring and zero-knowledge proofs.

THEA Raises $8 Million to Build Solana-Based AI Settlement Network

Bearish traders lost $281 million in liquidations over 24 hours, nearly double the longs, as bitcoin pushed to its strongest level in two weeks. Ether is up almost 10% on the week and solana nearly 19% while a rebound in tech stocks eased the pressure from the AI trade.

Ether and solana extend gains as a short squeeze lifts bitcoin toward $62,000

Avalanche

The newly-public company's shares are the largest issuer-sponsored tokenized stock at launch, aiming to make a point against rival third-party stock token issuers.

Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut

BlackRock-backed tokenization firm Securitize now has shares trading on the New York Stock Exchange—or via Solana and Avalanche.

Securitize Begins Trading on NYSE as Tokenized Shares Land on Solana, Avalanche

Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with speculative tokens like Memecore's M and Audiera's BEAT leading gains.

Smaller tokens lead as bitcoin, sol rally in 'first real bounce of the selloff'

Hyperliquid

Crypto ETF flows remained uneven on Wednesday, July 1, as bitcoin funds posted a $294.62 million outflow, extending their redemption streak to 10 trading days. Ether, HYPE and solana ETFs drew fresh inflows, while XRP products slipped into the red. Ether ETFs Add $14.

Crypto ETFs Split as Ether, HYPE and Solana Gain While Bitcoin Loses $295 Million

Validators and the people who stake with them can now formally signal where the network should go through a new system called Solana Governance Proposals. Any validator with 100,000 SOL behind it can open one, and stakers can overrule how their validator votes.

Solana launches onchain governance and sets entry fee at 100,000 SOL staked

Dogecoin

Bitcoin climbed back above $60,000 for the first time in over a week after Fed Chair Kevin Warsh said inflation risks had come down. Solana led the majors, up about 16% on the week, while a semiconductor selloff hit Asian markets and dented the AI trade that has pulled capital from crypto all quarter.

Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000

Forward Industries holds more SOL than the next three largest publicly traded Solana treasury companies combined.

Forward Industries jumps 17% after expanding Solana treasury to 7.55 million SOL

“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain,” said Solana Foundation.

Solana-based prediction market app on Phantom wallet launches

Shares in top Solana treasury firm Forward Industries are jumping Wedesday after announcing that it added over 500,000 SOL to its stash.

News for Solana Crypto (SOL)