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

Chainlink

A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.

Solana, Avalanche, Chainlink Tumble 8%-12% as Crypto Rally Cools Amid Fake BlackRock XRP Trust Filing

Bitcoin

Ethereum

Based on the latest weekly report from CoinShares, crypto fund inflows at asset managers such as itself, 21Shares, Bitwise, Grayscale and ProShares added $293 million to a seven-week run of inflows thereby pushing it above the $1 billion mark for 2023. This news comes on the heels of Benzinga's Future Of Digital Assets Event in New York scheduled on Nov.14.

Bitcoin, Ethereum, Solana Push Cryto Fund Inflows Above $1B For 2023: What's Next If Spot ETFs Are Approved?

Solana was on a roll last week, but has now cooled its rally. A number of alts like Filecoin, Polygon, and Cosmos are booming, though.

Solana Rally Cools as Bitcoin and Ethereum Hold Steady and These Alts Surge

Digital asset investment product inflows broke over $1 billion for the year, adding a further $293 million last week.

Crypto fund inflows break $1 billion for 2023, led by bitcoin, ether and solana

Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period.

Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL

Solana (CRYPTO: SOL), once called an ‘Ethereum (CRYPTO: ETH) killer' has experienced a remarkable surge in price, surging by 40% in the past week and reaching a new high for the year 2023 at approximately $58. What Happened: Crypto analyst Jacob Canfield has conducted a comprehensive analysis suggesting that Solana could be on the verge of an unprecedented market surge.

Solana Hits New Annual High At $58 — Analyst Predicts 'Ethereum Killer' Could Skyrocket To $1,000

The world's largest asset manager, BlackRock﻿﻿, has pulled the trigger on what one closely-watched analyst has called "nuclear winter" for bitcoin, ethereum and crypto price skeptics

BlackRock Just Unleashed ‘Nuclear Winter'—Sparking Bitcoin, Ethereum, XRP, Solana And Crypto Price ‘Panic'

The price of Solana (SOL) is rising as it approaches the expected price level of $53.40. New price analysis by Coinidol.com.

Solana Price Declines As It Is Unable To Hold Above The $64 Peak

Digital asset management giant Grayscale's institutional crypto products are soaring sky-high as spot markets continue a major bounce back. Grayscale primarily provides institutional investors with trusts that aim to give exposure to digital assets in a compliant, simpler way than holding them directly.

Grayscale's Solana Trust (GSOL) Explodes to 869% Premium As Institutional Demand Sends Crypto Products Ripping

This weekend, the crypto community's buzz centered on solana (SOL) and its notable surge in value against the U.S. dollar over the previous week. SOL has posted an 11% gain in the last 24 hours, with a striking 45.2% uptick over the week, ascending to the rank of the sixth largest asset by market cap.

Solana's Rally Hits 184% Gain in 30 Days as $19M in SOL Shorts Liquidate in 24 Hours

A popular crypto analyst is saying that a small altcoin season has arrived as several digital assets come alive. Pseudonymous trader Altcoin Sherpa tells his 197,900 followers on the social media platform X that he is bullish on some altcoins for the rest of November.

Trader Says Mini Altcoin Season Is On, Names Targets for Solana and One Crypto Asset That's Up 110% in a Month

BlackRock Just Unleashed ‘Nuclear Winter'—Sparking Bitcoin, Ethereum, XRP, Solana And Crypto Price Mayhem

Bitcoin's rally continued and a number of other alts experienced powerful gains this week—for a number of reasons.

This Week in Coins: Bitcoin Hits 18-Month High, Solana's Market Cap Closes in on USDC

Solana's native token SOL has rallied 20% in the last 24 hours, continuing a three-week upswing that erased the asset's yearly losses – and then some.

Solana's SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months

SOL is up 128% over the past 30 days and not far from overtaking USDC's market cap.

Solana Touches $50 Per Coin While Tron and Optimism See Gains

A crypto analyst who nailed the top of the 2021 Bitcoin (BTC) bull market says Solana (SOL) will likely pull back after a big rally. Pseudonymous analyst Pentoshi tells his 706,400 followers on the social media platform X that Solana could dip by more than 25% from its current value.

Top Analyst Predicts Pullbacks for Solana and Altcoins, Updates Outlook on One Ethereum-Based Crypto Asset

Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000.

Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $37,000

Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle.

Solana Tokens Sees Risky Bets Increase After End of Sam Bankman-Fried Trial

Arbitrum

Dogecoin

Such rewards have been made possible as the platform was the biggest recipient of Arbitrum's arb (ARB) token grant following a community vote in October.

SOL, XRP, DOGE Yields on GMX Jump up to 75% as Arbitrum Incentives Go Live

A crypto trader who accurately called Bitcoin's (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100.

Top Trader Says No Resistance for Solana Until Well Above $100, Unveils Forecast for One Ethereum-Based Altcoin

Cardano

Polygon

Vlad Tenev, CEO of Robinhood Markets Inc (NASDAQ:HOOD), was asked about the performance of the cryptocurrency market, specifically regarding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), during the third quarter earnings call on Tuesday. What Happened: He acknowledged that while there has been stronger performance in these cryptocurrencies, the volume trends have remained relatively subdued both industry-wide and on the Robinhood platform.

Robinhood's Tenev Teases EU Expansion, Addresses Relisting Delisted Tokens Like Cardano, MATIC And Solana

Stablecoins, Shopify, and a simplified developer experience are fueling SOL's rise.

Ethereum Rival Solana Is Back—Experts Say It's No Surprise

Bloomberg Intelligence analyst Jamie Coutts says that Ethereum (ETH) competitor Solana (SOL) is well-positioned to perform stronger against fellow ETH rival Cardano (ADA). Coutts says that Solana has a lot more daily users than Cardano but that ADA's market cap is still about 75% of SOL's market cap.

Solana (SOL) Set To Take Market Share Away From Cardano (ADA), According to Bloomberg Crypto Analyst

While the overall crypto market remains down from its highs during the bull run of 2021 and 2022, there are several bright spots. Here, according to CoinDesk Indices, are the ones to watch.

Sol, Memes, BTC: Digital Assets That Currently Outperform the Market

Several altcoins are riding high, with XRP, ADA, and SOL all posting double-digit gains over the week.

News for Solana Crypto (SOL)