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

Digital assets manager VanEck has unveiled its forecast for Ethereum (ETH) rival Solana (SOL) looking out into the year 2030. In a new report, VanEck analysts Matthew Sigel and Patrick Bush say that Solana's founders have been a success story in blockchain scaling through experimentation and applied science.

Investment Giant VanEck Reveals Massive Bull Case Solana (SOL) Price Target for 2030

The price of Solana (SOL) maintained its current rise and reached the target price of $33.51. Cryptocurrency price analysis brought by Coinidol.com.

Solana Falters On Resumption Of Bearish Rise Below $34

Bitcoin

Ethereum

A widely-followed crypto analyst says the Ethereum (ETH) rival Solana (SOL) is on the verge of another breakout that will outperform ETH and Bitcoin (BTC).

Top Analyst Says Solana on the Cusp of a Breakout, Will Outperform Bitcoin and Ethereum – Here's His Outlook

A widely followed crypto analyst is taking another look at the Bitcoin (BTC) charts and breaking down Solana (SOL). Pseudonymous crypto analyst Rekt Capital tells his 362,100 followers on the social media platform X that BTC still may not have found its range high.

Crypto Trader Takes Another Look at Bitcoin (BTC), Breaks Down Top Ethereum (ETH) Competitor Solana (SOL)

"I believed the funds came from Alameda's operating profits" as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.

Sam Bankman-Fried Started Buying Solana's SOL at 20 Cents Using 'Alameda Profits,' He Says at His Trial

A top crypto trader says that Ethereum (ETH) competitor Solana (SOL) is setting the stage for a breakout after an initial rally. Pseudonymous analyst DonAlt tells his 53,900 YouTube subscribers that SOL appears likely to break through a key resistance level.

Solana on Cusp of Breakout, Says Analyst Who Accurately Called 2022 Bitcoin Bottom – But There's a Catch

Solana Labs has launched the "Solana Incubator," a new incubator programme aimed at supporting the development of companies on the Solana (SOL) blockchain.

Solana Labs Launches Solana Incubator Program

A popular crypto analyst is updating his outlook on one Ethereum (ETH)-based altcoin after an explosive two months. Pseudonymous trader Altcoin Sherpa tells his 197,000 followers on the social media platform X that the decentralized oracle protocol Tellor Tributes (TRB) is showing how quickly altcoins can soar out of lengthy market corrections.

Trader Updates Outlook on Altcoin That's Exploded Over 1,000% in Two Months, Sets Targets for Solana

The group in charge of wallets associated with the insolvent crypto exchange FTX's cold storage has transferred tokens to various cryptocurrency exchange addresses. Thursday witnessed more than $19 million worth of SOL, COMP, and ETH tokens from its cold storage to different crypto exchange addresses, blockchain data indicated as reported by CoinDesk.

FTX's Cold Storage Witnesses $19M Token Transfer: Solana, COMP, ETH On The Move

By launching a startup incubator, Solana Labs is hoping to foster the development of more applications on its Layer 1 blockchain.

Solana adds incubator to spur growth and woo founders away from rival chains

Cosmos

Aptos and SUI were the most staked networks by the percentage of circulating supply that had been locked in, new research revealed.

More Tokens Than Ever Are Being Staked, Says New Research

The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 16-22, with live updates throughout.

Protocol Village: IoTeX Blockchain to Integrate With Solana for 'IoT-Connected Projects'

The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.

FTX Cold Wallets Move $19M in Solana, Ether to Crypto Exchanges

Chainlink

Chainlink extended recent gains on Wednesday, as the cryptocurrency rose to its highest point since last year. Prices rose by as much as 9% today, taking the total gain to 50% over the last seven days. Solana was another notable gainer, surging over the $33.00 mark.

Biggest Movers: LINK, SOL Race to Highest Levels Since 2022

Aave

Polygon

I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year's market meltdown.

Trader Who Called Last Year's Crypto Crash Covers Bearish Altcoin Bets

A closely followed crypto strategist says that the decentralized oracle network Chainlink (LINK) will likely generate substantial gains for patient traders. Pseudonymous trader Altcoin Sherpa tells his 196,900 followers on the social media platform X that Chainlink is bullish now that it has broken out of its massive accumulation range.

Analyst Calls Chainlink the ‘Easiest Trade' Following Big Breakout, Updates Outlook on Bitcoin and Solana

A popular crypto trader is predicting that Solana (SOL) and another altcoin will be top performers in the next bull cycle for one key reason.

Solana and One Ethereum-Based Altcoin Likely To Outperform Next Bull Market, According to Crypto Analyst

Total market capitalization rose 8% to reach levels not seen since mid-August.

Bitcoin Leads Crypto Majors' Gains; Analysts Bullish on SOL After 30% Weekly Jump

Digital assets manager CoinShares says Ethereum (ETH) rival Solana (SOL) is an institutional favorite as the crypto market boils over with Bitcoin (BTC) exchange-traded fund (ETF) fervor.

Solana Leads the Way As Institutions Pour Millions Into Crypto Markets Amid Bitcoin ETF Excitement: CoinShares

An analyst who nailed the top of Bitcoin's (BTC) 2021 bull market thinks that the crypto king is gearing up for an explosive rally. Pseudonymous analyst Pentoshi tells his 703,300 followers on the social media platform X that Bitcoin's gradual ascent as of late is setting BTC up for a massive move to the upside.

Top Trader Says Bitcoin Slow Grind Up Could Lead to Much Larger Moves, Updates Outlook on Solana and Chainlink

Digital asset investment products saw net inflows for the fourth consecutive week totaling $66 million, according to CoinShares.

Crypto funds see fourth week of net inflows, with Solana taking largest altcoin share

Solana's largest decentralized finance (DeFi) protocol, Marinade Finance, has blocked users in the United Kingdom from accessing the site due to "compliance concerns" over Financial Conduct Authority (FCA) regulations.

Solana's Largest Defi Protocol Marinade Starts Blocking UK Users

A top trader who nailed Bitcoin's (BTC) 2018 bear market bottom believes that the floodgates will open for Solana (SOL) once it takes out the resistance of its multi-month accumulation range.

Floodgates Will Get Unleashed for Solana Once SOL Takes Out This Level, Says Top Crypto Trader

Solana has undoubtedly been one of this week's biggest gainers, with price rallying by as much as 33% in recent days. The move comes as the global crypto market cap remained mostly in the green to start the weekend. Chainlink was another big mover, hitting a three-week high.

Biggest Movers: SOL Rallies Towards $30, Following 33% Surge in Price

Solana led an altcoin rally that follows bitcoin's week of steady gains, with the token posting a 25% gain in the past week.

News for Solana Crypto (SOL)