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

Solana wallet provider Phantom expands its ecosystem with a strategic acquisition amid slowing market activity.

Solana News: Seeker Phones Ship, Phantom Buys Sniper

Ponke, a Solana meme coin with a viral social media following, is set to release a plush toy with a blunt to match.

Solana Meme Coin Ponke Releases Plush Toy as First in Line of Collectibles

Bit Mining has purchased 27,191 solana ( SOL) tokens and launched its first Solana network validator, marking a significant step in its strategic shift towards the ecosystem. New Validator Marks Bit Mining's Deeper Solana Push The company told Bitcoin.com News that it spent approximately $4.

Bit Mining Executes Solana Plan: Buys Over 27,000 SOL, Runs Validator

Bit Mining purchased 27,191 SOL for about $4.9 million and launched its first Solana validator, advancing a treasury-plus-staking strategy.

Bit Mining buys 27,191 SOL for $4.9 million, launches self-run validator in pivot to Solana treasury strategy

Jito Labs proposed a new governance proposal on Tuesday, called JIP-24, aimed at decentralizing the network further by routing all its Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury.

Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury

Upexi Inc. (UPXI), a diversified brand owner, said its holdings of Solana's sol (SOL) more than doubled in July, taking the total to more than 2 million tokens.

Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Solana Mobile has begun shipping its Seeker crypto smartphone, broadening the Solana ecosystem's mobile strategy with built-in wallets and token rewards.

Solana Mobile begins shipping second-gen Seeker smartphones to customers in over 50 countries

On August 4, 2025, Solana Mobile began shipping its highly anticipated Seeker smartphone, fulfilling over 150,000 pre-orders across more than 50 countries.

Solana Mobile Launches Seeker Smartphone, Fulfilling 150,000 Pre-Orders

Cryptocurrency wallet provider Phantom has acquired Solsniper, a high-speed trading and analytics platform specializing in the Solana blockchain. Phantom to Integrate Solsniper Team Following Strategic Acquisition Solsniper, founded in 2021, is recognized for its precision tools enabling traders to monitor tokens, track wallet activity, and react instantly to market movements.

Phantom Acquires Solana Trading Platform Solsniper to Expand Services

Bitcoin

Dogecoin

Bitcoin (BTC0 remains stuck below $115,000 after a sharp weekend drop that erased nearly $6,000 from local highs and triggered over $1 billion in liquidations across leveraged long positions.

Bitcoin Struggles to Hold $115K; Solana, Dogecoin Show Relative Strength as Risk-Off Sentiment Lingers

The crypto wallet provider said to "expect more strategic acquisitions" as the company looks to expand its reach.

Phantom acquiring Solana memecoin trading platform Solsniper

The Solana treasury company bought the dip, boosting its Solana holdings.

Solana Treasury Company DeFi Dev Corp Buys the SOL Dip, Stacks Another $18 Million

CoinShares joins ETF staking rush with Solana filing as crypto funds chase yield and juggle redemption risks.

CoinShares Wants to Offer Solana Staking ETF—But It's Complicated, Experts Warn

The price of Solana (SOL) has fallen below the moving average lines after hitting a high of $206 recently.

Solana Is Falling In The Face Of A First Barrier At $164

Decentralized lender Credix lost about $4.5 million after an attacker took control of an admin wallet and exploited bridge privileges.

Solana lender Credix pledges full reimbursement after $4.5 million DeFi exploit

Is Solana (SOL) or Ripple (XRP) better for long-term crypto investment? Compare technology, use cases, and market potential to help decide.

Solana's SOL Vs. Ripple's XRP: Which Crypto Is Better For Long-Term Investors?

DevvStream raised $300 million via senior secured convertible notes to purchase crypto and is looking to expand its line of credit.

Nadaq-listed DevvStream Corp. buys $10 million worth of Bitcoin and Solana as it looks to tokenize carbon credits

Solayer (LAYER) is a Layer 2 solution built on the Solana blockchain.

Solayer And LAYER Token: A Layer 2 Solution On The Solana Blockchain

Aggregated Solana CME futures trading volume came in at $8.1 billion in July, while open interest average for the month topped $400 million.

Solana CME futures volume and open interest more than triple in July as ETF momentum builds

Solana, XRP, and Dogecoin are experiencing sharp downturns as investor sentiment turns cautious, Decrypt was told.

Crypto Markets See Red as Solana, XRP, Dogecoin Extend Losses

Crypto markets experienced a sharp bout of volatility over the past 24 hours, with more than $630 million in leveraged positions liquidated across exchanges.

$600M Bullish Bets Liquidated as Bitcoin Drops to $115K, DOGE, SOL, XRP Fall 6%

Firms looking to launch Solana ETFs made changes to their filings as they potentially inch closer to getting the SEC's sign-off.

Firms amend SOL ETF filings as they look to get the SEC's approval

Pump.fun

Last week's worst-performing token is today's best, providing a little excitement to an otherwise boring crypto trading day.

Bitcoin Sits Tight, But There's One Solana Token Turning Heads: Analysis

Helium, one of the most well-known DePIN projects on Solana, is launching a new service called Helium Plus, aimed at transforming how businesses contribute to the Helium Network.

Helium Plus Lets Businesses Join Solana DePIN Project With Just Wi-Fi

Cboe BZX filed to list a Solana ETF on Wednesday, advancing a second U.S. staking-enabled fund even as the SEC delays on similar products.

News for Solana Crypto (SOL)