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

Over the past year or so, Solana (SOL) has experienced strong returns following a rough end to 2022. The project was heralded by former FTX Trading Ltd.

Is LeBron James Pumping A New Solana (SOL) Memecoin?

Solana, one of the top proof-of-stake blockchains, has integrated Filecoin, a decentralized file-saving blockchain-based system, to make its block history accessible for third-party apps. According to Filecoin, this will allow Solana to achieve improved redundancy and scalability for part of its data set while leveraging a decentralized solution like Filecoin.

Solana Integrates Filecoin to Enhance Historic Data Accessibility

The price of Solana (SOL) continues to rise above the moving average lines. SOL price analysis by Coinidol.com.

Solana Remains Above $108 After Recent Drop

The Solana-based Backpack crypto exchange has made a splash in its pre-season beta launch, racking up $1 billion in trading volume on February 18, according to the exchange's official X post.

Solana-based Backpack Exchange Reaches $1B Daily Trading Volume 5 Days After Launching Pre-Season

Peer-to-peer file storage network Filecoin (FIL) is collaborating with smart contract platform Solana (SOL) for decentralized blockchain storage solutions. In a new thread on the social media platform X, the team behind Filecoin says that integrating with Solana will greatly enhance the Ethereum (ETH) rival's capabilities as well as advance the concept of decentralized storage.

Filecoin Announces Integration With Solana (SOL) for Decentralized Blockchain Storage Solution

Bitcoin

Ethereum

The airdrop of 3 million ARCD will benefit holders of certain Ethereum and Solana NFTs and Bitcoin Ordinals collections.

NFT Lender Arcade Reveals Airdrop for Ethereum, Solana, and Bitcoin Collectors

GameStop (GME) on Solana continues its rollercoaster ride, shedding enormous value before rebounding Thursday.

Solana's GameStop Meme Coin Plummets 70%—But GME Isn't Dead Yet

A Solana-based (SOL) decentralized rendering altcoin is trading sideways despite the news that the top US crypto exchange platform would be adding support for it.

Solana-Based Decentralized Rendering Altcoin Offers Tepid Response to Coinbase Listing News

Widely followed economist Alex Krüger believes one Ethereum (ETH) rival is undervalued as its ecosystem buzzes with activity. In a new interview with Bitcoin Suisse's podcast Verified, Krüger says that Solana (SOL) has a livelier ecosystem than ETH's and also greater potential. He predicts long-term upward momentum for SOL.

Economist Alex Krüger Says Ethereum Rival With ‘Absolutely Massive' Ecosystem Is Underpriced Relative to ETH

Solana Mobile, Solana Labs' smartphone subsidiary, processed over $20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of Chapter 2's payments were completed using USDC, with no payment processing fees associated.

Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing Fees

A widely followed cryptocurrency analyst and trader is predicting more upside for an altcoin that has soared by triple digits over the past couple of months.

Solana Rival That's Exploded Over 5x in Three Months Could Surge by More Than 150%, According to Top Analyst

The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.

Solana's SOL Futures Rack Up $1B in Record Bullish Bets

Market indicators are all green, but there are reasons to be bullish beyond how they mirror what Bitcoin does.

Ethereum and Solana Post Big Gains, Following Bitcoin Bullishness

Solana (CRYPTO: SOL) co-founder Anatoly Yakovenko sparked discussions on blockchain's role in e-commerce, sharing the success story of their recent mobile phone sales. What Happened: Partnering with web3 payment platform Helio, Solana pre-sold 100,000 "chapter 2" phones, raking in a staggering $45 million.

Solana Mobile Sales Highlight Potential Of Blockchain Payments, Generating $45M With Zero Fees

Have Magic Eden's “Diamonds” made a dent in the NFT marketplace standings? Here's what the latest data shows.

Points Season: Who's Winning the NFT Marketplace Wars on Ethereum, Solana, and Bitcoin?

dogwifhat

Solana's "Dogecoin killer" dogwifhat (CRYPTO: WIF) clocked a 23.2% gain in the past 24 hours, powered by Bitcoin cracking the $52,000 mark. What Happened: Dogwifhat surged into the top five memecoins by market capitalization, based on CoinGecko data.

Dogwifhat Up 23% As This Solana Darling Ranks 5th By Memecoin Mcap: 'The Doge Of This Cycle,' Says Crypto Expert

Avalanche

A closely followed crypto strategist says he's gobbling up seven altcoins as he believes the markets are about to enter a bull market cycle similar to the parabolic rally witnessed in mid-2020.

Top Trader Abruptly Accumulates Seven Crypto Assets, Says ‘Craziness Period' Similar to 2020 Bull Cycle Ahead

Solana Mobile, a smartphone-focused subsidiary of Solana Labs, has announced that its second mobile phone, Chapter 2, has reached 100k preorders in less than 30 days, hitting a milestone that now guarantees the production of the hardware device.

Solana Mobile's Chapter 2 Reaches 100K Preorders, Guarantees Production

Dogecoin

A new canine-themed cryptocurrency named Dogecoin has made a leap in value on the Solana (CRYPTO: SOL) network, skyrocketing by 9,400% in just a single day. What Happened: Data from dextools shows that Dogecoin doppelganger's total market capitalization stands at $160,690, with liquidity reaching $24,600 and a 24-hour trading volume of $5.15 million.

Dogecoin Doppelganger On Solana Network Skyrockets 9400% In A Single Day

The CoinDesk 20, a liquid index of the top twenty cryptocurrencies, rose 4% in the past 24 hours.

Solana Leads Gains in Crypto Majors, Bitcoin Metric Suggests Low Retail Growth

Solana (CRYPTO: SOL) killer Sei Network's token, SEI (CRYPTO: SEI), has seen a surge of 13% today, outperforming major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the last 24-hours. What Happened: At the time of writing, BTC and ETH were up 2-4% in the last 24 hours.

'Solana Killer' Outperforms Bitcoin, Ethereum With 13% Surge: Analyst Says 'Psychological $1 Zone Next Stop' For SEI

Litecoin

Wealthy crypto investors are moving hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH), as a new week begins. According to the address tracker Whale Alert, crypto whales have abruptly shifted $350 million worth of virtual currencies in the last 36 hours.

Whales Abruptly Move $350,000,000 in Bitcoin, Ethereum, Solana, Litecoin and XRP – Here's Where the Crypto Is Headed

The price of Solana (SOL) has risen above the moving average lines, indicating a new uptrend. SOL price analysis by Coinidol.com.

Solana's Price Exceeds The Overhead Resistance Of $107

Solana Mobile's "chapter 2" smartphone could ship in early 2025.

Solana's Second Phone Crosses 100,000 Presales, Securing $45M for Development

A crypto strategist known for calling Bitcoin's (BTC) 2018 market bottom thinks that Solana (SOL) looks ripe for a big move to the upside. Pseudonymous analyst Bluntz tells his 239,500 followers on the social media platform X that Solana appears to be in the midst of a wave-three rally.

News for Solana Crypto (SOL)