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

DeFi Development Corp. (DFDV), the Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, is bringing its equity onto blockchain rails through crypto exchange Kraken's upcoming tokenized stock trading venue.

Tokenized Shares of Solana Treasury Company Defi Dev Coming to Kraken

Fiserv, a Fortune 500 payments and fintech giant that processes 90 billion transactions annually, unveiled plans on Monday to launch a new digital asset platform and stablecoin, joining a roster of traditional financial firms rushing to capitalize on the stablecoin boom.

Fiserv Joins Stablecoin Fray, Teaming Up With Circle, Paxos, PayPal for Launch on Solana

NYSE-listed Fiserv plans to launch a stablecoin on Solana this year, using technology from Paxos and Circle amid upcoming U.S. laws.

Fortune 500 firm Fiserv to launch stablecoin on Solana using Paxos and Circle infrastructure

The Solana Foundation has achieved a milestone by signing a Memorandum of Understanding with the Government of Kazakhstan, marking the first partnership of its kind in Central Asia. The initiative aims to establish a blockchain hub in the country, leveraging Web3 technologies and attracting top talent.

Solana Partners With Kazakhstan to Launch Economic Zone

Dogecoin

Crypto traders are in a rebound mode after the panic selling over the weekend, triggered by U.S. military strikes on Iran's nuclear facilities, forced massive liquidations.

SOL, XRP, DOGE Lead Altcoin Recovery After $1B Weekend Liquidation

Wyoming has shortlisted layer one blockchains Solana (SOL) and Aptos (APT) as the main candidates for running the state's proposed stable token idea. The Wyoming Stable Token Commission (WYST) is a proposed virtual currency representative of and redeemable for one US dollar held in a trust by the state of Wyoming.

Solana (SOL) and Aptos (APT) Named As Top Candidates for Wyoming's Proposed Stable Token Program

Solana (SOL) SOL is trading at $128.82, down 8.33% in the past 24 hours, after a steep intraday correction linked to rising geopolitical tensions. The token dropped from $140.39 to $127.25, with the sharpest hourly decline occurring at 13:00, when sell pressure spiked and trading volume exceeded 4 million, according to CoinDesk Research's technical analysis model.

Solana's SOL Falls 8% as Traders Brace for Fallout From a Spike in Oil Price

Solana's native token, SOL SOL, is trading at $140.46, down 1.41% over the past 24 hours, after recovering from a sharp 4.9% decline that took the price from $142.91 to $135.96, according to CoinDesk Research's technical analysis model. The asset has since stabilized between $140 and $142, with support forming at $140.40.

Solana's SOL Holds $140 Support as Reversal Pattern Gains Strength

Everything Blockchain Inc. unveils a $10 million crypto treasury initiative targeting SOL, XRP, SUI, TAO, and HYPE, marking the first U.S. public company to pursue a diversified, staking-based blockchain investment strategy with potential shareholder dividends. Multi-Token Crypto Treasury Plan by EBZT Comes With Potential Shareholder Dividends Everything Blockchain Inc.

Everything Blockchain Commits $10M to Multi-Token Crypto Treasury Including SOL, XRP, SUI, TAO and HYPE

Litecoin

Litecoin (LTC), XRP and Solana (SOL) exchange-traded fund (ETF) applications all have overwhelming odds of approval this year, according to Bloomberg ETF analysts. James Seyffart and Eric Balchunas now say on the social media platform X that those three altcoins have a 95% chance of securing ETFs in 2025.

Litecoin, XRP and Solana ETF Applications Have 95% Chance of Approval This Year: Bloomberg Analysts

Wall Street analysts say that SEC approvals for ETFs based on altcoins including Dogecoin, XRP, and Solana are nearly a sure thing this year.

Solana, XRP and Dogecoin ETF Approvals in 2025 Are a Near Lock, Analysts Say

Odds are stacked that the U.S. Securities and Exchange Commission approves most of the filed crypto exchange-traded funds, including the various XRP ETFs, by their respective deadlines, according to Bloomberg Analysts James Seyffart and Eric Balchunas.

Spot Crypto ETF Filings for XRP, SOL, DOGE Among Those With Overwhelming SEC Approval Odds: Bloomberg

Bitcoin

Ethereum

A widely followed crypto analyst says one leading layer-1 altcoin project may not have another 2024-style bull run.

Trader Says Major Layer-One Altcoin Unlikely To Repeat 2024-Style Run, Updates Outlook on Bitcoin and Ethereum

Upexi execs discuss their MicroStrategy-style crypto treasury model that's focused solely on Solana.

Upexi CEO and CSO break down their Solana treasury strategy

Solana-based decentralized exchange (DEX) Jupiter has announced that it will pause DAO votes until the end of 2025, stating that the structure is not "working as intended."

Solana DEX Jupiter Pauses DAO Votes, Citing Breakdown in Trust

Pantera and Multicoin Capital lead the funding for startup creating peer-to-peer protocols Lattica and Parallax, aiming to distribute AI computing across everyday devices.

AI Infrastructure Firm Gradient Bags $10 Million to Develop Protocols on Solana

The price of Solana (SOL) has continued to fall since the 5th of June and is still in the downtrend zone.

Solana Price Maintains The Rise Above $140

Solana's native token, SOL SOL, dropped to $143.38 Tuesday, down 1.21%, closing near the day's low after failing to hold above $147, according to CoinDesk Research's technical analysis model.

SOL Slips Below $144 Even as Sol Strategies Eyes Nasdaq to Deepen Its Bet

The SkyBridge Capital founder is leaning into Solana's “Ethereum killer” narrative—and going against Standard Chartered's recent prediction.

Solana Will Flip Ethereum, Anthony Scaramucci Predicts

SOL Strategies, a Toronto-listed digital asset firm focused on Solana, filed with the U.S. Securities and Exchange Commission (SEC) to list on Nasdaq, as the company seeks access to the world's largest economy.

SOL Strategies Files to List on Nasdaq

A widely followed cryptocurrency analyst and trader predicts that one Solana (SOL)-based memecoin is on the verge of printing new all-time highs.

Solana Memecoin About To ‘Blast Through' All-Time Highs, According to Veteran Crypto Trader

As a foreign private issuer, the firm will follow Canadian disclosure rules while being exempt from certain U.S. reporting requirements.

Canadian Firm Sol Strategies Files With SEC for Nasdaq Debut

Crypto majors slid further on Thursday and the dollar gained ground as fears of a broader conflict in the Middle East intensified.

Ether, Solana, and Other Majors Could Further Slide as Trump Threatens Iran Strikes

Newly established Solana treasury company DeFi Development Corp. is taking a unique approach in building its digital asset stash.

Publicly Traded Solana Treasury Firm Is 'Showing What's Next' for Strategy's Bitcoin Model

The frameworks propose bringing assets like stocks, bonds, and funds onchain as well as carve outs for autonomous, non-custodial blockchain protocols.

News for Solana Crypto (SOL)