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

Pump.fun

At its earliest, Pump.fun's token will become tradable on Monday and traders are starting to question whether it'll pump or dump.

Will Pump.fun's Solana Token Pump After Launch? Experts Weigh In

Ethereum

Ethereum's (CRYPTO: ETH) dominance in the tokenized finance sector isn't slowing down and according to Fundstrat's Tom Lee, it has already become Wall Street's go-to blockchain infrastructure, leaving Solana (CRYPTO: SOL) behind in key institutional use cases. Speaking to CNBC on Thursday, Lee made it clear that Ethereum's recent outperformance and adoption by financial giants point to a deeper shift.

Tom Lee: Ethereum, Not Solana, Is The 'Preferred Choice' For JP Morgan, Robinhood, Circle To Build On

Bitcoin

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin, Ether, Solana, XRP Price Analysis: BTC Resistance at $120K?

Bitcoin's (BTC) decisive break above $118,000 has flipped the risk-on switch for crypto markets, and traders are now watching if altcoins follow with similar momentum or get left behind in a BTC-dominant rally.

What's Next for Ether, Solana, XRP and Other Majors as Bitcoin Clears $118K

Another bitcoin mining firm is pivoting. Bit Mining Limited announced a strategic expansion into the Solana ecosystem, planning a treasury of SOL tokens worth up to $300 million to fuel the company's shift.

Bit Mining Shifts Strategy, Enters Solana Ecosystem With $300M Plan

Dogecoin

A closely followed crypto analyst says that one mid-cap altcoin looks primed to quadruple by August while updating his outlook on Dogecoin (DOGE) and Solana (SOL).

Trader Predicts Mid-Cap Altcoin Could Explode 200%+ by August, Maps Path Forward for Dogecoin and Solana

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: BIT Mining shares surge amid $300 million SOL treasury pivot, Trump's Truth Social teases token tied to user engagement, and more

Robinhood (NASDAQ:HOOD) has launched staking services for Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) in the United States, enabling users to earn rewards by contributing their crypto holdings to help secure the networks. The rollout follows a prolonged wait due to regulatory uncertainty that previously kept the firm from offering these services domestically.

You Can Stake Ethereum, Solana On Robinhood—But Is It Worth The 25% Cut?

Cryptocurrency miner BIT Mining (BTCM) is shifting its focus to Solana with plans to raise up to $300 million to acquire SOL tokens.

BIT Mining Surges 250% on Solana Pivot

The firm is the latest in a plethora of new crypto treasury companies, including two other miners-turned-Ethereum acquisition companies.

Crypto miner BIT Mining pivots to Solana with plan to raise $300 million for SOL treasury

A sharp rally in crypto majors over the past 12 hours triggered the largest wave of liquidations since May, wiping out more than $460 million in short positions.

Bears Lose $400M to Liquidations, Largest Since May, as BTC, ETH, SOL Spike Higher

Matt Hougan, the chief investment officer (CIO) of crypto asset management firm Bitwise, is predicting an explosion in the tokenization of traditional assets. In a new blog post, Hougan says that the transition of stocks, bonds and other real-world assets (RWAs) onto blockchains instead of traditional systems may happen much quicker than he previously thought.

Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend

Three Solana-focused exchange-traded funds (ETFs) listed in the U.S. have quietly pulled in $78 million over the past month, reflecting rising interest in altcoin-backed investment products despite the outsized dominance of bitcoin (BTC) and ether (ETH) in ETF markets.

Solana ETFs See $78M Inflows as Interest in Altcoin Investment Products Grows

The crypto market remains rangebound as President Trump again revisits tariff negotiations with U.S. trading partners.

Why Are Bitcoin, Ethereum and Solana Prices Still Rangebound? Experts Weigh In

A new note from crypto asset manager Bitwise points to Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), and Chainlink (CRYPTO: LINK) as the "cleanest plays" in the emerging race to tokenize trillions of dollars in real-world assets (RWAs). What Happened: In a sharp departure from speculative crypto narratives, the firm suggests tokenization could represent crypto's most credible and scalable real-world application to date.

XRP, Ethereum, Solana And One Surprise Crypto (Not Bitcoin) Are Bitwise's 'Cleanest Plays'

Crypto exchange Bullish has struck a partnership with the Solana Foundation, aiming to make Solana-native stablecoins the backbone of its trading and clearing operations.

Crypto Exchange Bullish Teams Up With Solana for Institutional Stablecoin Push

Kraken and Backed are expanding xStocks support to BNB Chain, enabling users to trade tokenized U.S. equities as BEP-20 tokens.

Kraken and Backed to expand xStocks support to BNB Chain alongside Solana

Even modest adoption of tokenization could outsize any other crypto narrative — including bitcoin — Bitwise analysts said.

Bitwise calls ETH, SOL, XRP, LINK the ‘cleanest' plays as tokenization narrative builds

Bitcoin is holding firm near $108,700 even as traditional markets recoil from renewed trade tensions sparked by Donald Trump. The U.S. president signaled plans to hike tariffs on imports, potentially as high as 50%, citing ongoing friction with the European Union over tech regulations.

Bitcoin, Ether, Solana, XRP ETFs See Record AUM as Traders Warn of ‘Summer Lull'

The creator of Ethereum NFT collection Goblintown thinks there's a better way to launch meme coins—and it just did so with GOB on Solana.

Goblintown Heads to the Trenches With Solana Meme Coin Launch

Bonk

Launchpad wars heat up as TradiFi giants double down on Solana.

Solana News: Jupiter, Bonk and Pump.Fun Duke It Out in Launchpad Trenches

The Daily: Trump's Truth Social files for ‘Crypto Blue Chip' ETF, Dubai approves tokenized money market fund in RWA push, and more

Yorkville America Digital, LLC, in partnership with Trump Media & Technology Group (TMTG) – the company behind President Donald Trump's “free speech” social media platform Truth Social – has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Truth Social Crypto Blue Chip exchange-traded fund (ETF).

Truth Social Platform's Parent Company Proposes Blue Chip Crypto ETF

Trump Media and Technology Group is looking to launch another Truth Social-branded crypto ETF for Bitcoin, Ethereum, XRP, and more.

Trump Media Files for 'Crypto Blue Chip' ETF Holding Bitcoin, Ethereum, Solana and XRP

BioSig Technologies (BSGM), a medical-technology company fresh off a merger with tokenization firm Streamex, said it signed definitive agreements for up to $1.1 billion in financing to fund a gold-backed treasury model and scale its tokenization platform for real-world assets (RWAs) like gold and other commodities.

News for Solana Crypto (SOL)