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

While bitcoin catches its breath, a handful of altcoins have been stealing the spotlight—and earlier today, solana's market cap punched past the $100 billion milestone. In just the past seven days, SOL has climbed 15.5% when measured against the U.S. dollar.

Solana Market Cap Blasts Past $100B as Shorts Get Obliterated in $16M Liquidation Wave

Mercurity's Solana strategy is additive and does not replace plans to invest in bitcoin, chief strategy officer Wilfred Daye told The Block.

Mercurity Fintech to build $200 million SOL treasury with backing from Solana Ventures

An unknown user bought 45 CryptoPunks, causing major NFT collections to surge—including Pudgy Penguins and its Solana token.

Pudgy Penguins Solana Token PENGU Jumps Double Digits Amid NFT SweepAmid NFT Sweep

DeFi Development Corp (DFDV) has boosted its Solana (SOL) holdings to just under one million SOL.

DeFi Development Nears $200M Solana Treasury

Bitcoin

Dogecoin

Ethereum

Cryptocurrency markets are trading higher on Monday morning, with Ethereum and Solana leading the rally. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $118,635.30 Ethereum (CRYPTO: ETH) $3,808.47 Solana (CRYPTO: SOL) $191.41 XRP (CRYPTO: XRP) $3.55 Dogecoin (CRYPTO: DOGE) $0.2719 Shiba Inu (CRYPTO: SHIB) $0.00001567 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 3% and increased 83%, respectively.

Bitcoin Holds Steady, Ethereum, Solana, Dogecoin Lead Monday Rally

DeFi Development (NASDAQ:DFDV) announced on Monday that it has 999,999 Solana (CRYPTO: SOL/USD) and SOL equivalents on its balance sheet. The company purchased 141,383 SOL between July 14 and July 20, at an average purchase price of $133.53, representing approximately $19 million.

EXCLUSIVE: DeFi Development Buys $19 Million In Solana

Solana (SOL) extended its bullish streak Monday, climbing to $191.56 after a wave of short liquidations and fresh capital inflows into institutional funds. The price jumped 6.55% in the past 24 hours, per CoinDesk Data, supported by multiple on-chain and off-chain signals pointing to rising investor demand.

Solana's SOL Tops $191 After $11M in Shorts Liquidated and Fund Inflows Hit $39M

The price of Solana (SOL) has recovered and reached the predicted level.

Solana Pulls Back In The Face Of $184 Peak

According to Cyvers, a hack was detected at the Indian centralized exchange CoinDCX, resulting in the theft of approximately $44.2 million in USDC and USDT from one of its operational wallets on Solana.

Indian Exchange Suffers $44M Hack—Solana Hot Wallet Compromised in Sophisticated Attack

Solana is becoming a blue-chip altcoin, and no amount of momentum for Ethereum can change that, according to 21Shares' research head Adrian Fritz.

Ethereum Is Pumping. Solana Will Still Outperform: 21Shares

Thumzup Media Corporation (NASDAQ:TZUP), a digital adtech company backed by Donald Trump Jr. , has received board approval to allocate up to $250 million into cryptocurrencies. What Happened: The board authorization allows Thumzup to hold a diversified portfolio including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE), Litecoin (CRYPTO: LTC), and USDC (CRYPTO: USDC).

Donald Trump Jr-Backed Thumzup Media Approves $250M In Bitcoin, Ethereum, XRP, SOL, Dogecoin Treasury Purchases

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

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

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

News for Solana Crypto (SOL)