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 Solana ETFs introduce a notable innovation in the crypto ETF landscape through integrated staking mechanisms.

Solana ETF stakes claim with $222 million in volume since making debut

Ethereum

XRP soared to new all-time highs today, with Ethereum showing impressive weekly gains. Technical indicators suggest Solana may not be far behind.

XRP and Ethereum Are Pumping: Is Solana Next? Here's What the Charts Say

Pump.fun

Jarett Dunn, once an employee of Pump.fun, faces at least seven years in prison as he awaits a hearing in the U.K. from behind bars.

Former Pump.fun Employee Sits in Prison as Solana Launchpad Breaks $770M in Revenue

Elon Musk has named xAI's new AI companion "Ani," triggering a new meme coin frenzy around the latest update of Grok, Grok 4. An eponymous “Ani” meme coin on Solana (CRYPTO: SOL) exploded in market cap, reaching $70 million in only three days.

Elon Musk's New 'Ani' AI Avatar Incepts $70 Million Meme Coin On Solana

DeFi Development is hoping to expand internationally through a franchise model.

Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model

Solana-based DEX Raydium has cumulatively spent $190 million to repurchase 69 million RAY, the project noted.

Solana DEX Raydium's cumulative token buybacks surpass $190 million

Consumer products firm is now focused on accumulating Solana—and apparently reaping the rewards, with UPXI stock up nearly 39% on Wednesday.

Upexi Stock Surges as Solana Climbs—Why the Firm Is Bullish on SOL

The new Solana-focused liquid staking token follows Liquid Collective's prior launch of LsETH on June 17.

Liquid Collective offers institutions Solana liquid staking token LsSOL in anticipation of spot SOL ETF approvals

The price of Solana (SOL) has resumed its upward trend after falling to a low of $157.

Solana Faces Its First Hurdle At $164

Arbitrum

PYUSD is going live on Arbitrum, according to an updated version of PayPal's cryptocurrency terms and conditions page.

PayPal appears to add Arbitrum support for PYUSD stablecoin alongside Ethereum and Solana, website terms show

The top US-based crypto exchange by trading volume is helping pump up a popular Solana (SOL)-based memecoin platform with its latest listing. According to a new announcement from Coinbase, pump.fun (PUMP) is the latest altcoin to be added to the exchange's suite of digital assets. “Pump.fun (PUMP) is now live on Coinbase.

Solana (SOL)-Based Memecoin Platform Pump.fun (PUMP) Gets Bump From New Coinbase Listing

ProShares Debuts Leveraged XRP, Solana ETFs, but they aren't for the risk-averse.

Hypercharged Exposure to XRP and Solana Now Available With These Two ETFs

Two new crypto exchange-traded funds (ETFs) targeting Solana (SOL) and XRP (XRP) are launching in the U.S. on Tuesday, marking another step in the expanding intersection of traditional finance and digital assets.

ProShares Launches Leveraged Solana and XRP ETFs Following NYSE Arca Approval

Bitcoin

Solana reclaims $160 as more companies deepen their SOL treasury exposure.

Solana News: $500M Pump.fun ICO Sells Out as BTC Hits New ATH

A blockchain researcher said that his partner and friends were shocked at how calm he was after losing $58,000 worth of PUMP.

Unlucky Trader Accidentally Burns $58K in Pump.fun Solana Token—But He's Not Angry

Research firm Bernstein expects the ongoing rally in cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) to evolve into a "long and exhausting bull market." It will be driven not by retail speculation, but by deep structural trends — institutional adoption, regulatory clarity, and the emergence of a fully on-chain financial system.

Bitcoin, ETH, XRP, Solana Are In For A 'Long And Exhausting Bull Market,' Bernstein Predicts

Dogecoin

Bitcoin hit a new all-time high on Monday, propelling altcoins including Sui, XRP, and DOGE to notable gains.

Altcoins XRP, SOL, DOGE Surge Following Bitcoin's New All-Time High

Solana was launched in 2020 and was originally developed as a high-performance blockchain platform that can provide fast and scalable decentralized applications (DApps) and cryptocurrencies.

Solana (SOL): A Blockchain And Cryptocurrency With Growing Potential

The price of Solana (SOL) has risen above the moving average lines and reached a high of $168.

Solana Is Preparing To Break Above The $165 Barrier

Pump.fun's public token sale for its PUMP cryptocurrency raised $500 million after selling out rapidly in roughly 12 minutes. PUMP Token Sale Sells out, Raising $500 Million for Platform Expansion The initial coin offering (ICO) — a crowdfunding method for new digital tokens — launched July 12 at 2 p.m. UTC. Pump.

Solana's Pump.fun Nets $500M as PUMP Token ICO Sells out in 12 Minutes

Publicly traded Upexi is poised to boast the largest Solana treasury stash once its latest funding round is completed.

Solana Treasury Firm Upexi Raises $200 Million to Boost SOL Stash

Grayscale said in a letter on Tuesday that it may take legal action if the SEC continues to hold up the debut of its multi-token fund on NYSE Arca.

SEC's Halt of ETF Holding XRP and Solana Has Investors 'Suffering Harm', Grayscale Says

With Bitcoin (CRYPTO: BTC) trading in price discovery and institutional capital pouring into crypto markets, the long-anticipated "altseason" may finally be underway. But industry insiders say the biggest gains may not come from Ethereum (CRYPTO: ETH) or XRP (CRYPTO: XRP): instead, it's lesser-known tokens like Alpaca Network's PACA or Telegram-linked (CRYPTO: TON) that could emerge as breakout performers.

Ethereum? XRP? Solana? No, You'll Find Exponential Altseason Returns In Lesser-Known Coins, Experts Say

At the time of writing, solana (SOL) is trading at around $166.28, up 6.23% in the past 24-hour period, according to CoinDesk Research's technical analysis model.

SOL: Nasdaq-Listed Firm Secures $200M in Financing, with Over $150M Tied to Solana Treasury Strategy

Upexi expects to have 1.65 million SOL, worth around $273 million at current prices, upon closing its convertible note offering around July 16.

News for Solana Crypto (SOL)