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 (SOL) declined 3.36% over the past 24 hours, retreating from $155.69 to $150.81, according to CoinDesk Research's technical analysis model, amid broader market pressures, even as institutional developments in Asia signal growing momentum for the blockchain,

Solana and Fireblocks Selected by Japan's Minna Bank for Stablecoin Use Case Study

The study will examine whether stablecoins are suitable for modernizing payments and cross-border finance in Japan.

Japan's Minna Bank Explores Stablecoins on Solana in Fireblocks-Led Study

The crypto asset manager attributed the decision to a fast-changing regulatory landscape.

Grayscale Calls SEC Trading Pause on ETF Holding Solana, XRP 'Unexpected'

Solana's on-chain fundamentals gained a major vote of confidence on Thursday as Florida-based DeFi Development Corp (DFDV) announced it had expanded its SOL SOL treasury by acquiring 17,760 additional tokens. The purchase, valued at approximately $2.72 million, was executed at an average price of $153.10 per token.

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

This brings the Solana treasury firm's stockpile to 640,585 SOL, worth about $96 million at current prices.

DeFi Development Corp. adds 17,760 SOL to stockpile, bringing total solana holdings to $96 million

Bitcoin

Ethereum

Corporate crypto treasury strategies offer substantial opportunities but also carry the risk of a damaging feedback loop, according to a Franklin Templeton Digital Assets report. What Happened: The firm noted in its report published on Wednesday the growing number of publicly traded companies adopting crypto treasury models, where businesses raise capital to purchase and hold crypto assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) on their balance sheets.

Bitcoin, Ethereum, Solana Treasury Companies Need To Manage Market Volatility, Franklin Templeton Report Warns

The fund invests in a combination of spot solana, other solana funds, and liquid staking tokens such as the popular JitoSOL. Rex Shares Rolls out First Solana Exchange-Traded Fund (ETF) in the U.S.

Rex Shares Debuts First Staked Solana ETF in the US

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Asia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch

The fund, which is regulated under the Investment Company Act of 1940 and uses Anchorage as a custodian, also brought in $1 million in AUM.

First spot Solana staking ETF notches $33 million in volume on first day trading: Bloomberg's Balchunas

The SEC is expected to approve several Solana-focused ETFs this year, but the Rex-Osprey Solana + Staking ETF is the first in the U.S.

Solana Staking ETF Bags $12M in Wall Street Debut

Cardano

Though the agency greenlit the partially altcoin-exposed ETF this week, it also paused the approval until further notice.

SEC Hits Pause on Grayscale's XRP, Solana and Cardano ETF Conversion

Shares of DeFi Development Corp. (DFDV) finished the day down by 3% following its upsized convertible notes offering to buy more Solana.

Solana Treasury Firm DeFi Development Corp. Boosts Convertible Notes Offering to $112 Million

DeFi Development Corp. priced a $112.5 million private offering of convertible senior notes due 2030, primarily to acquire solana ( SOL) tokens. $112.5M Offering Prices for DeFi Dev Corp. Convertible Notes The 5.5% notes, sold to qualified institutional buyers, carry an initial conversion price of $23.11 per share.

DeFi Dev Corp. Secures Funding With $112.5M Convertible Note Sale, Aims to Purchase SOL

Defi Development Corp (DFDV), a Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, said on Wednesday it is issuing $112.5 million in convertible notes to raise capital for a stock buyback program and more SOL purchases.

Defi Dev Hikes Convertible Note Offering to $112M for Buyback, More SOL Purchase

REX Shares and Osprey Funds have selected Anchorage Digital as the exclusive custodian and staking partner for their newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S.

Solana Staking ETF Opens for Trade, Becoming First Such U.S. Crypto Staking Product

A "prepaid forward" arrangement enables investors to hedge some of their risk by purchasing or selling shares when they are priced.

Solana treasury firm DeFi Development Corp disclosed $112.5 million private placement deal to fund SOL purchases

The new ETF from REX Shares and Osprey Funds is the first U.S.-listed crypto ETF to combine token exposure and staking rewards.

Anchorage Digital tapped as staking partner and custodian for REX-Osprey Solana + Staking ETF

Cryptocurrency analyst Benjamin Cowen has argued that an ‘altcoin season‘ has failed to materialize due to monetary policy, liquidity and stubborn Bitcoin (CRYPTO: BTC) dominance. What Happened: In a podcast published on June 28, Cowen stated, "Altseason has not happened yet.

Here's Why 'Altcoin Season' For XRP, ETH, SOL Has Not Happened Yet

An analyst known for being crowned as a “Master Trader” on the crypto exchange Bybit believes that a huge upside move is in sight for one Solana (SOL) rival.

Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

Solana (SOL) SOL declined 7.84% over the past 24 hours, trading at $145.08 as of 20:03 UTC on July 1, 2025, according to CoinDesk Research's technical analysis model; during the same period, the broader crypto market, as indexed by the CoinDesk 20 CD20, went down only 0.24%.

Solana Drops Below $146 Despite Imminent Launch of First U.S.-Based SOL Staking ETF

Stocks like Nvidia, Tesla, and Strategy are now tokenized on Solana and trading via Kraken and other platforms. Here's what you need to know.

You Can Now Trade Stocks Like NVDA and MSTR on Solana: Here's How It Works

The first half of 2025 has wrapped up with only a select few crypto assets posting meaningful gains, highlighting how fragmented and uneven the market has been this year. What Happened: Despite maintaining a total market capitalization above $3 trillion for much of the period, the rally wasn't led by usual suspects like Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), or XRP (CRYPTO: XRP).

Bitcoin, Fartcoin Outperform In 2025, But How Did XRP, ETH, Solana Fare In The First 6 Months?

The regulator approved Grayscale's bid to convert a fund primarily focused on Bitcoin, but also holding other major cryptocurrencies, into an exchange-traded fund.

Grayscale ETF Holding XRP, Solana and Cardano Receives SEC Green Light

A potential momentum shift in the cryptocurrency market has been observed, with renewed strength emerging in Solana (CRYPTO: SOL) and related ecosystem tokens. The trend has been highlighted by pseudonymous analyst Bluntz, who noted on Tuesday that key technical breakouts may set the stage for a positive week ahead.

'We're Back, Baby': Solana Analyst Highlights Breakout, But This Bitcoin Metric May Be At Risk

The Securities and Exchange Commission (SEC) has approved the conversion of Grayscale's Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), a filing shows.

News for Solana Crypto (SOL)