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) has been above the moving average lines since April 19.

Solana Bounces Above $160 And Continues Its Advance

Jupiter Lend, which will tap the liquidity layer Fluid, features a bespoke liquidation engine and “dynamic limits to isolate risk," Kash Dhanda said.

‘Liquidity begets liquidity': Solana DEX aggregator Jupiter unveils a new lending protocol

Bitcoin

Dogecoin

Ethereum

It's nearly all green across the crypto markets Thursday as Bitcoin nears $112,000, propelling the likes of Ethereum, Solana, and Dogecoin.

Ethereum, Solana and Dogecoin Jump as Bitcoin Sets Another Record Price

Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY).

Centrifuge Expands Tokenized RWAs to Solana, Starting With $400M Treasury Fund

A widely followed trader says Bitcoin (BTC) is not done printing new all-time highs after breaking out of key resistance levels this week.

Crypto Trader Says Bitcoin Has Entered Price Discovery, Updates Outlook on Ethereum, Solana and Dogecoin

A number of large banks and other traditional financial (TradFi) institutions are set to use the Solana blockchain for their tokenization efforts.

Major TradFi Institutions to Pursue Tokenization Efforts on Solana

The device launches in four phases, with early access for existing Solana SBT holders receiving up to $70 in SOL rebates.

Ledger Launches Solana Branded Ledger Flex Hardware Wallets

The purple and green device will also include an exclusive Soulbound token, which cannot be transferred between users, but may yield future rewards.

Hardware manufacturer Ledger releases Solana-branded non-custodial wallet

Corda developer R3 has tapped Solana to bring its $10 billion-plus of real-world assets issued by financial institutions onto a public ledger.

R3, builder of permissioned Corda blockchain, to enter public ‘internet capital markets' through Solana

Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center.

Solana Gears up to Disrupt the Mobile Status Quo With Seeker

Santori said the firm's SOL treasury strategy lets the firm maneuver in ways that a "simple, passive" fund cannot, offering potential reasoning behind the firm's aggressive solana accumulation pivot earlier this year.

Pantera's Santori says staking, access gives DeFi Dev Corp's Solana strategy edge over ETFs

With the new Seeker phone set to ship in August, Solana Mobile unveiled plans for a new SKR token to fuel an open ecosystem of devices.

Why Solana Mobile Is Launching a Token Alongside Its New Android Phone

A high-profile whale on Hyperliquid has made headlines for massive unrealized gains across Solana (CRYPTO: SOL) and Fartcoin (CRYPTO: FARTCOIN), despite a steep loss on an XRP (CRYPTO: XRP) position. According to data from HyperDash, the whale is currently up over $10 million in unrealized profit on long positions in HYPE, SOL and FARTCOIN.

Solana, Fartcoin Whale Trader Up $10 Million But Down 6 Figures On XRP Short: What Gives?

Solana Labs' mobile team shared Wednesday that it plans to ship its Seeker phone starting Aug. 4, in addition to sharing new information about some of its infrastructure framework as well as a new token for its mobile users.

Solana's Seeker Phone Coming in Early August Along With SKR Token

Solana Mobile has unveiled plans to launch its own token, SKR, and introduce its decentralized architecture called TEEPIN.

Solana Mobile unveils SKR token plans, confirms Seeker shipping date

Solana developers are planning what could be the blockchain's most ambitious core upgrade to date — one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.

Solana Could Soon Witness Its Largest Consensus Change as Developer Proposes 'Alpenglow'

Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token's value accrual mechanism.

Solana Chain Extension Sonic SVM Introduces New Token Burn Program

A tokenized version of a major private credit fund managed by Apollo will arrive on Solana's SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network.

Apollo's Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands

Solana's (CRYPTO: SOL) price has retraced slightly, trading around $167, up 3.6% and extending its monthly gain to over 20%. The price action follows the U.S. Securities and Exchange Commission's (SEC) delay of its decision on multiple spot Solana ETF applications, in spite of on-chain metrics supporting the bullish sentiment.

Solana Price Unshaken Amid DApp Boom And Alpenglow Possibility, ETF Decision Delayed

True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday.

True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on Solana

The cryptocurrency market continues to respond to broader economic factors as Solana demonstrates resilience amid global trade uncertainties. SOL's price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance levels with institutional-grade volume suggesting accumulation despite a brief 1.35% correction in recent hours.

Solana (SOL) Surges 6% on Bullish Reversal and DeFi Activity Toward $180

The Commission pushed back its deadline on proposals from 21Shares, Bitwise, VanEck and Canary Capital.

SEC Delays Decision on Solana ETF Filings

Votor will enable nodes to run two concurrent voting paths in parallel, theoretically boosting transaction speed and scalability.

Solana Labs spinout Anza proposes Alpenglow, ‘the biggest change to Solana's core protocol'

Chainlink

Chainlink's CCIP is now live on Solana, enabling cross-chain transfers between Solana and major blockchains like Ethereum and BNB Chain. Chainlink's Cross-Chain Protocol Goes Live on Solana Chainlink's Cross-Chain Interoperability Protocol (CCIP) is now operational on Solana, marking its first deployment on a non-Ethereum Virtual Machine (EVM) blockchain via the v1.6 upgrade.

Chainlink CCIP Launches on Solana, Linking $19B in Assets

The SEC pushed back its deadline on whether to move forward with two proposed Solana exchange-traded funds and asked for public comment.

News for Solana Crypto (SOL)