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

Cardano

Top crypto trader Benjamin Cowen thinks Solana (SOL) could be in for some rough days ahead before making a big turnaround. Cowen tells his 784,000 YouTube subscribers that Solana has “a bit more resilient” than some other altcoins because of its heavy capitulation at the end of 2022.

Benjamin Cowen Says Solana (SOL) Could Repeat Cardano's (ADA) 2019 Bear Market Turnaround

A closely followed analyst believes that the native token of the crypto project co-created by ChatGPT founder Sam Altman looks poised for a severe correction. Pseudonymous analyst Altcoin Sherpa tells his 196,400 X followers that he's bearish on Worldcoin (WLD), an artificial intelligence-based crypto project that uses iris-scanning technology.

Analyst Predicts Deep Correction for Sam Altman's Worldcoin, Updates Outlook on Solana and Two Other Altcoins

Chainlink

Chainlink surged by nearly 4% during Tuesday's session, as the token moved towards a one-week high. The move came as cryptocurrencies rebounded, following a slow start to the week. Solana was another big mover, as it headed towards the $24.00 level.

Biggest Movers: LINK, SOL Extend Gains, as Crypto Momentum Begins to Shift

Digital assets manager CoinShares says institutional investors are becoming more optimistic about the Ethereum (ETH) competitor Solana (SOL) while they collect profits on king crypto Bitcoin (BTC).

Ethereum Rival Solana Catches Eye of Big Players As Institutions Take Bitcoin Profits: CoinShares

The protocol's contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.

Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract

Bitcoin

Digital asset investment products experienced a downturn this week, with outflows reaching a total of $107 million. This trend indicates an accelerated pace of profit-taking in recent weeks, according to a research report by Coinshares.

As Bitcoin Bears Rampage, Solana And Other Altcoins See Inflows

Cryptocurrency price analysis brought by Coinidol.com. The price of Solana (SOL) has been declining since July 30 and is currently trapped between moving average lines.

Solana Corrects Upward, But Risks Drop Below $20 Low

Dogecoin

Ethereum

Polygon

China's Hong Kong has issued the first licenses under its new crypto regime opening up crypto trading to the mass-market

China Just Made A ‘Significant' Game-Changing Move That Could Be About To Hit The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon And Solana

The largest cryptocurrency by market cap is likely to remain stubbornly rangebound a little above $29,000, market analysts believe.

Bitcoin Drifts Near $29.2K, Unstirred by Macro Events; ADA, SOL, MATIC Steady in the Red

Could loyalty programs and token airdrops embiggen Solana DeFi? Danny Nelson heads to Utah to find out.

Solana Tokens or: How I Learned to Stop Worrying and Love the Points

Stellar

Solana dropped for a third consecutive session on Tuesday, as the token started the month of August nearly 5% lower. Overall, the global market cap was mostly in the red, dropping by 1.44% as of writing. Stellar fell to a one-week low, following a four-day losing streak of its own.

Biggest Movers: SOL, XLM 5% Lower, as Bearish Streak Extends

Litecoin

Bitcoin and major cryptocurrency prices—including ethereum, BNB, XRP, cardano, dogecoin, solana, polygon, tron and litecoin—have taken a battering from U.S.

Crypto Price Armageddon: Coinbase CEO Reveals A Stark Warning That Could Hit Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Polygon, Tron And Litecoin

Digital assets manager CoinShares says institutional investors are becoming more optimistic on altcoins despite Bitcoin (BTC) and the overall markets suffering outflows for the second week in a row. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that halfway through 2023, digital assets have seen almost half a billion in inflows.

XRP, Cardano (ADA) and Solana (SOL) See Institutional Capital Flows As Altcoin Sentiment Brightens: CoinShares

A closely followed crypto analyst is giving his latest takes on Ethereum (ETH) rival Solana (SOL), decentralized oracle network Chainlink (LINK) and top digital asset Bitcoin (BTC). The pseudonymous analyst known as Inmortal tells his 195,000 Twitter followers that Solana is set for a big breakout, but not after a serious fakeout to the downside.

Crypto Analyst Issues Solana (SOL) Warning, Gives Updates on Bitcoin (BTC) and Chainlink (LINK)

Crypto asset manager Grayscale has said it will take "any action necessary" to convert its flagship bitcoin fund to a fully-fledged U.S.

The ‘Most Important Thing'—‘Simultaneous' $15.5 Trillion Crypto Earthquakes Are Heading For Bitcoin And Ethereum After XRP-Led BNB, Cardano, Dogecoin, Litecoin, Solana, Tron And Polygon Price Boom

The price of Solana (SOL) is correcting to the upside.

Solana Can Not Overcome $26 High, Threat Of Price Drop

BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.

Bitcoin Dips Below $29.2K After Curve Exploit but Continues Its Range-Bound Ways; ETH, SOL, MATIC Sink

A widely followed crypto strategist is remaining bullish on one Ethereum (ETH)-rival as he updates his stance on Bitcoin (BTC). The pseudonymous crypto analyst Pentoshi tells his 700,500 Twitter followers that as long as Solana (SOL) trades above $22.30 he is bullish on the ETH competitor. “I think it's easiest to say. Bullish above $22.30.

Top Trader Says He's Still Bullish on Ethereum Rival That's Surged 100% Since June, Updates Outlook on Bitcoin

Immunefi, a platform for bug bounty security, has teamed up with Trail of Bits, a cybersecurity business, to offer "The Rekt Test," a web3 security benchmark.

“The Rekt Test” Security Standard Initiated by Immunefi, Trail of Bits and Solana Foundation

Arbitrum

Solana's gaming ecosystem has recently undergone major developments, with Aurory expanding to Ethereum and Automata announcing layoffs.

Solana's Aurory Expands to Arbitrum, Automata Announces Layoffs

Solana was once again in the green, with bulls pushing the token towards a key resistance level at $26.00. The move comes after yesterday's 7% surge, however earlier gains have since declined, as U.S. gross domestic product (GDP) grew 2.4% as opposed to the 1.8% expectation for Q2.

Biggest Movers: SOL Nears $26.00 Resistance Level, MATIC Moves Away From Support

A closely followed strategist is predicting that one Ethereum (ETH) rival will repeat the competitor's parabolic rally from the last crypto cycle. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 179,700 Twitter followers that Solana (SOL) is mirroring the price action of ETH before a massive move to the upside.

Top Trader Predicts One Ethereum Rival Will Repeat Parabolic ETH Rallies of Past Cycle

Immunefi, Polygon Labs, Solana Foundation and others are launching “The Rekt Test” — a baseline security standard for web3.

Immunefi, Polygon Labs, Solana Foundation launch web3 ‘Rekt Test'

Products focused on XLM saw nearly 63% higher inflows this year.

XRP, Stellar and Solana Products See Increased Institutional Investments This Year

The large gains began following Ripple's partial court victory over the SEC in the middle of the month.

News for Solana Crypto (SOL)