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

MarginFi has doubled its user base in two weeks after unveiling a loyalty points program that some believe will lead to a token airdrop.

DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance'

Litecoin

Bitcoin Cash

A popular crypto analyst is issuing a Litecoin (LTC) warning as he updates his outlook on Ethereum (ETH)-rival Solana (SOL) and another red-hot altcoin. Pseudonymous analyst DonAlt tells his 50,400 YouTube subscribers that altcoins are likely going to underperform in the near term.

Analyst Issues Warning on Litecoin, Updates Outlook on Solana and Altcoin That's Exploded Over 160% in a Month

Cardano

Bitcoin

Dogecoin

Ethereum

Polygon

Bitcoin and crypto are braced for $30 trillion worth of capital hitting the market if any one of the recent flurry of U.S. spot bitcoin exchange-traded fund (ETF) filings are approved by the U.S.

‘A Big Deal'—Crypto Braced For A $30 Trillion Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Polygon Price Boom

A widely followed crypto trader says that the XRP court ruling could ignite a huge rally for one large-cap Ethereum (ETH) rival. Pseudonymous analyst Pentoshi tells his 697,300 Twitter followers that Solana (SOL) is showing new life after breaking out of a descending triangle pattern.

Crypto Strategist Says Groundbreaking XRP Court Ruling Will ‘Breathe New Life' Into One Ethereum Rival

Ethereum came out on top in the first institutional-grade crypto ESG ranking, followed by Solana and Cardano, while Bitcoin fell below due to its heavy energy consumption.

Ethereum Ahead of Cardano, Solana in ESG Rankings, Bitcoin Fell Behind Due to Energy Consumption: Report

A Thursday court ruling in the Ripple vs. SEC case, which determined that Ripple (CRYPTO: XRP) sales cannot be classified as investment contracts, has sparked a flurry of reactions from the crypto community.

Ripple's Legal Tussle With SEC Sparks Debate In Crypto Community, Ruling Triggers Rally In SOL, ADA, MATIC

Cryptocurrencies that the U.S. Securities and Exchanges Commission (SEC) deemed unregistered securities in last month's lawsuits against Coinbase and Binance have posted double-digit percentage gains on the news of a favorable court ruling regarding Ripple's XRP.

SOL, MATIC, ADA Tokens Surge Following XRP Ruling

Most of the tokens previously deemed securities by the SEC are seeing large gains upon a federal court's ruling in the XRP case.

Did XRP Restart Alt Season? Solana, Cardano, Polygon Up Double Digits

"This matters because financial advisors manage about $30 trillion in assets. This would open up all that money. Even 1% or 2% of $30 trillion is a lot of money.

‘A Big Deal'—Crypto Braced For A $30 Trillion Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon And Solana Price Boom

An altcoin project on the Solana (SOL) network is rallying after top US crypto exchange Coinbase announced the digital asset will soon be listed on its platform for trading. According to a new announcement, Coinbase plans to list Helium (HNT) beginning Wednesday when appropriate liquidity conditions are met.

Solana-Based Altcoin Project Rallies After Coinbase Announces Support for Trading

Polygon was a notable mover on Tuesday, as the token surged by as much as 8% in today's session. The move saw the cryptocurrency hit a one-month high, following a recent five-day bull run. Solana also rose higher, following a sell-off to start the week.

Biggest Movers: MATIC up 8%, as SOL Nears Fresh 2-Month High

PLUS: Mantle Network is mulling a $200 million ecosystem fund for its new layer-2 blockchain.

Midday Mover: BNB, SOL Outperform as Bitcoin Clings to $30K

Binance coin was one of Monday's biggest gainers, as the token rebounded following a move close to a key support point on Sunday. The move pushed the price near a one-week high, and came as the global crypto market cap fell 0.07% lower as of writing. Solana also dropped, following a recent bull run.

Biggest Movers: BNB Rebounds on Monday as SOL Slips Following Recent Gains

Real Vision CEO Raoul Pal is outlining the best-case scenario for Ethereum (ETH) rival Solana (SOL), saying that the smart contract platform could see a massive price increase.

Macro Guru Raoul Pal Outlines Dream Scenario for Solana, Unveils Massive Price Target for Ethereum Rival

A leaked European Union draft document has shown the trading bloc wants to create a system of "global governance" to manage the "unprecedented opportunities" of virtual worlds

‘Global Governance'—Leak Reveals ‘Unprecedented' Plan For Crypto That Could Play Havoc With The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Litecoin

Bitcoin hit a one-year high this week before settling back down by Saturday.

This Week in Coins: Solana Surges as Bitcoin and Ethereum Rally Rebound

Solana extended recent gains on Saturday, as the token rose for a third straight session to start the weekend. Today's move came following a breakout of a key price level, despite the global crypto market cap consolidating. Avalanche also rallied, climbing by as much as 10%.

Biggest Movers: SOL Surges to 2-Month High on Saturday, Extending Recent Bull Run

A widely followed crypto strategist and trader is expressing bullish sentiment on a large-cap Ethereum (ETH) rival. Pseudonymous analyst Pentoshi tells his 697,200 Twitter followers that Solana (SOL) looks bullish as it appears to have broken above its horizontal and diagonal resistances converging at around $20.

Top Crypto Analyst Says One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin

Cryptocurrency analysts of Coinidol.com report, Solana (SOL) price is rising as it breaks above the moving average lines.

Solana Reaches A New High And Tries To Stay Above $22

Pepe

A widely followed crypto analyst is predicting rallies for Bitcoin Cash (BCH), Litecoin (LTC), meme asset Pepe (PEPE) and one Ethereum (ETH) competitor.

Analyst Predicts Rallies for Bitcoin Cash, Litecoin, Pepe and One Ethereum Rival

STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, far outdistancing bitcoin and ether, among other digital assets.

Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains

Artificial intelligence could help newcomers to crypto figure out what NFTs they should be buying, according to Solana Labs.

Solana's AI-powered tools could help ‘normies' pick NFTs

Solana was one of Friday's biggest gainers, as the cryptocurrency rose by over 11% during today's session. The move came as markets reacted to June's nonfarm payrolls report, which came in at 209,000, below expectations of 229,000. On the other hand, cardano ended a three-day losing streak.

Biggest Movers: SOL Hits Fresh 4-Week High on Friday, ADA Snaps Losing Streak

One Ethereum (ETH) rival that is up more than 150% in 2023 is losing momentum, according to crypto analytics firm Santiment. Santiment says that the recent Solana (SOL) rally was propelled by the liquidation of shorts and may now start to run out of steam.

Analytics Firm Issues Warning, Says Ethereum Rival That's Up Over 150% Year-to-Date Losing Steam

After falling by as much as 10% on Wednesday, bitcoin cash rebounded in today's session, climbing back above $300.00 in the process. The move came during a volatile market session, which saw crypto's global market cap remain largely unchanged. Solana was a notable exception however, racing to a one-month peak.

News for Solana Crypto (SOL)