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

Avalanche

Dogecoin

The cryptocurrency market has demonstrated resilience despite the U.S. Federal Reserve holding interest rates at their current level. Prices of major digital assets continue to rise.

Cryptos Upbeat As Fed Maintains Status Quo — Solana, Avalanche And Dogecoin Rebound

Bonk

A week after BONK set a new all-time high and flipped the Elon Musk-themed coin FLOKI, it's looking sluggish after yesterday's Coinbase announcement.

Solana Meme Coin BONK Down 11% After Coinbase Reveals Plans to List

Crypto analyst Jason Pizzino thinks traders should be wary of Ethereum (ETH) rival Solana (SOL) as it displays a technical pattern reminiscent of its last cycle's top.

Crypto Analyst Issues Solana Warning, Says SOL Printing Same Technical Pattern As 2021 Market Top

Marinade Finance's Solana-based liquid staking derivative mSOL plummeted as a major holder swapped out of the token.

Solana whale briefly sends mSOL plummeting by selling more than $5 million of token

A trader who nailed the bottom of Bitcoin's (BTC) 2018 bear market is remaining bullish on Solana (SOL) despite its deep corrective move in the past day.

Plenty of Juice Left in the Tank for Solana, Says Top Crypto Trader – Here's His Big Upside Target

Digital assets manager CoinShares says that digital asset investment products just experienced their eleventh consecutive week of inflows. In its latest fund flows report, CoinShares says digital asset investment products saw inflows of over $40 million last week.

Two Ethereum Rivals ‘Firm Favorites' for Institutions As Crypto Sees 11-Straight Weeks of Inflows: CoinShares

Investors are largely interested in Bitcoin, but these two altcoins are grabbing attention.

Investors Eyeing Up Solana and Avalanche as Cash Flows Into Funds

Solana co-founder Anatoly Yakovenko and Helius co-founder Mert Mumtaz unpack why they thinkSolana has an edge over other blockchains.

Anatoly Yakovenko and Mert Mumtaz break down what's only possible on Solana

Bitcoin

Institutional investors are waiting on the sidelines for more crypto regulations, according to the chief strategy officer of market intelligence firm CoinShares. Bitcoin (CRYPTO: BTC) has surged over 14% this week and hovering around $44,000, a stark contrast to its position in January.

It's 'The Most Hated Rally,' Market Analyst Says Of Bitcoin, Solana And Avalanche: Here's Why

The meme coin associated with Solana, BONK (CRYPTO: BONK), has experienced an ascent, racking up gains of 5700% since the start of the year, dwarfing the performances of top meme cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) — which rose by 37% and 19%, respectively. What Happened: Despite this meteoric rise, Ali, a crypto analyst, warned that BONK could head into a correction period.

Solana's Own Meme Coin, Up 5700% This Year, Is 'Heading Into A Correction Period:' Crypto Analyst

The Solana ecosystem heats up as liquid staking protocol Jito airdrops $200 million worth of tokens — but other exciting developments are also happening across DeFi. Read on to find out more!

Week in DeFi: All Eyes on Solana

Ethereum

Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.

BTC, ETH, SOL and Major Altcoins Begin Asia Business Day in Deep Red

Chainlink

A closely followed crypto trader believes that the smart contract platform Solana (SOL) is not yet done rallying. Pseudonymous analyst The Flow Horse tells his 191,100 followers on the social media platform X that Solana bulls continue to accumulate SOL regardless of price.

Top Trader Says Solana Grinding for a Pop, Predicts Breakout Rally for Chainlink After Month-Long Consolidation

Solana (SOL) rallied above the 21-day SMA as buyers overcame resistance at $68.13.

Solana Approaches Target Of $80 And Crosses The Hurdle At $68

Solana-based liquid staking protocol JITO witnessed a trading volume of $1.1 billion in its single day of trade. What Happened: Crypto exchange, Bitget listed the JITO token from the Jito ecosystem of liquid staking built on the Solana blockchain.

Solana-based Debutant JITO Exceeds $1.1B In Single-day Trading Volume

Crypto analysts at the investment management giant VanEck are predicting big things for the Ethereum (ETH) competitor Solana (SOL) in 2024.

Investment Giant VanEck Predicts Solana (SOL) Will Become Top Three Blockchain by Market Cap in 2024

Cardano

Large-cap rivals of the smart contract platform Ethereum (ETH) surged on Friday as the crypto markets continued to move upward. Cardano (ADA) had the strongest day in terms of large-cap, layer-1 blockchain projects, jumping by almost 20% over 24 hours.

Large-Cap Ethereum Competitors Cardano, Solana and Avalanche Surge As Crypto Market Ticks Upward

Crypto analyst Ali Martinez is expressing bullish sentiment on Solana (SOL) amid triple-digit-percentage gains by the Ethereum (ETH) competitor this year. Martinez tells his 34,500 followers on the X social media platform that Solana could surge by around 25% from the current level if the bullish momentum is maintained. “A sustained close above $68.

Ethereum Rival That's Exploded Over 600% Year-to-Date on the Cusp of Another Bullish Breakout, Says Analyst

Solana's resurgence isn't slowing, with SOL and Solana-based tokens still rising and NFT sales volume ruling the wider market.

SOL Surges 13% as Solana NFTs Overtake Ethereum, BONK Up 26%

Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other altcoins. According to new data from whale-surveying platform Whale Alert, high-net-worth traders have shifted about $644 million worth of the top digital asset by market cap to and from exchange platforms and crypto wallets.

Whales Move Over $880,000,000 in Bitcoin, Ethereum, Solana, XRP and Dogecoin – Here's Where the Crypto's Going

A widely followed crypto analyst is issuing a warning about one red-hot Solana-based (SOL) memecoin. Pseudonymous crypto strategist Altcoin Sherpa tells his 200,800 followers on the social media platform X that Bonk (BONK) could go on a massive decline after rising a bit more.

Trader Issues Warning on Altcoin That's Exploded Over 900% in a Month, Unveils Targets for Solana and Avalanche

BONK (CRYPTO: BONK), the meme coin based on the Solana (CRYPTO: SOL) blockchain, has shown a surge of 36% within the last day, outperforming top cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and even the original dog-themed meme coin, Dogecoin (CRYPTO: DOGE). What Happened: The price hike has propelled BONK to the forefront as the current top performer on the CoinMarketCap top performer list, with its trading value reaching $0.000010.

This Solana-Based Meme Coin Reached All-Time Highs Again, Even As Shiba Inu, Dogecoin Slip

Solana DeFi users are celebrating after Jito launched JTO, with 90 million tokens up for grabs for eligible users.

Jito Airdrop Hands Out $225 Million to Solana Users

A decentralized finance (DeFi) project built over smart contract platform Solana (SOL) is gearing up to kick off an airdrop as Coinbase announces support for it.

Solana-Based DeFi Project Jito (JTO) To Kick Off Airdrop As Coinbase Announces Support for the Token

BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.

News for Solana Crypto (SOL)