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

Anatoly Yakovenko, co-founder of Solana Labs, believes that crypto can have a shot at disrupting Google's and Apple's app store duopoly. He criticized the state of the software distribution on mobile devices, lamenting that the two stores collected over 30% of all earnings just to display a top 10 list of the most downloaded apps.

Solana Co-Founder Anatoly Yakovenko Thinks Crypto Has a Shot at Disrupting the App Store Duopoly

Ethereum

A closely followed crypto analyst believes that rallies are in store for two top smart contract platforms including Ethereum (ETH). Pseudonymous analyst Loma tells his 301,200 followers on the social media platform X that he thinks Ethereum will likely continue its slow grind up.

Rallies Incoming for Ethereum and One ETH Rival, According to Crypto Strategist – Here Are His Targets

Kamino is trying to quell days of angst after it revealed key details for April's KMNO airdrop.

Solana DeFi's KMNO Airdrop Sparked Outrage. Kamino Responded With Changes

The daily number of new addresses on the Solana blockchain has reached an all-time high, according to The Block's data.

Solana registers all-time high in daily new addresses

A closely followed crypto strategist thinks that an altcoin flying under the radar is gearing up to revisit its all-time high.

Analyst Sees Ethereum Gaming Altcoin Gunning for Highs, Says One Solana-Based Coin To Do Big Numbers in 2024

From trading at a high of $77 at the start of the European morning on Monday, UNIBOT sank 40% to around $45.51 before rebounding slightly.

Unibot Tanks 33% After Ending Collaboration With Solana Group

dogwifhat

Holders of the dog-themed Solana memecoin dogwifhat (WIF) are on a mission to put their beloved Shiba Inu mascot on the Las Vegas Strip

Solana Memecoin Dogwifhat Aims To Light Up Las Vegas with $650,000 Sphere Ad

One such attack which leveraged Jito Labs' mempool in January saw a bot profit $1.8 million in seconds from a memecoin trader.

Solana client Jito Labs axes mempool function following increase in MEV attacks

The mempool was a key part of its technology stack that nonetheless allowed for "sandwich" attacks.

Solana Client Developer Jito Announces End of 'Mempool' Function

Bitcoin set another all-time high and Ethereum hit $4,000—but Solana is having a big day too as DEX trading volume swells.

Solana Price Hits Two-Year Peak of $150 as DeFi Volume Tops Ethereum

A closely followed crypto analyst is expressing bullish sentiment on a top-10 altcoin while updating his outlook on Bitcoin (BTC).

Trader Says Top Ethereum Rival Could Surge by Over 600%, Forecasts That Bitcoin Is ‘Close to the Finish Line'

Bitcoin

A widely followed crypto analyst and trader is updating his forecast on three digital assets. Starting with Bitcoin (BTC), pseudonymous crypto strategist Bluntz tells his 244,800 followers on the social media platform X that the flagship crypto asset will rally significantly once it breaches the resistance level of around $69,000.

Top Analyst Says Bitcoin Primed for a Parabolic Rally, Updates Outlook on Solana and One Other Ethereum Rival

A widely followed crypto analyst and trader is expressing bullish sentiment on an altcoin in the Solana (SOL) ecosystem that has skyrocketed by triple digits in four weeks.

Solana-Based Altcoin That's Up 900%+ in a Month Primed for Monster Move, Says Top Trader – Here Are His Targets

Crypto asset manager Pantera Capital is reportedly raising funds to finance a nine-figure purchase of smart contract platform Solana (SOL) from bankrupt crypto exchange FTX. According to a new report by Bloomberg, Pantera is seeking funds to buy $250 million worth of the Ethereum (ETH) rival from the failed digital asset exchange.

Pantera in Fundraising Efforts To Finance Purchase of Solana (SOL) Valued at $250,000,000 From FTX: Report

Cosmos

Avalanche

More than 200,000 wallets are eligible for the SAGA token claim across chains following a play-to-airdrop campaign.

Saga Gaming Token Airdrop Begins Across Avalanche, Cosmos, and Solana

Kamino is the latest Solana-based DeFi protocol to airdrop a token.

Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April

Injective's EVM rollup "capable of achieving true composability across Cosmos and Solana" launches on mainnet.

Injective inEVM Layer 2 launches on mainnet, targeting more Ethereum, Cosmos and Solana collaboration

Pantera estimates FTX still has at least 41 million Solana. At today's prices, that would means its stash is worth roughly $5.8 billion.

Solana Up 13% as Possibility of Pantera Buying Some of FTX's SOL Looms

Tokens based on U.S. President Joe Biden, such as Jeo Boden, have surged in price on the Solana blockchain.

Misspelled celebrity memecoins on Solana surge in price, such as Jeo Boden, Danold Tromp and Olen Mosk

Prices of Solana's SOL are up nearly 600% over the past year, CoinGecko data shows.

Pantera Looks to Purchase Discounted Solana Tokens With New Fund: Bloomberg

Bonk

Soaring meme coin trading volumes pushed Solana's native coin, SOL, back to the 2-year high it saw on Tuesday when Bitcoin was rallying.

Solana Regains 2-Year High as BONK, WIF Meme Coin Volume Surges

Interest in ETH and SOL has increased substantially over the past few months and the ETPs will contribute to greater access to staking rewards for a wide audience, Figment said.

Figment, Apex to List Ether and Solana Staking ETPs on SIX Swiss Exchange

Figment Europe and Apex Group are set to launch Ethereum and Solana staking ETPs on the SIX Swiss Exchange next week via Issuance.Swiss AG.

Figment and Apex Group set to launch Ethereum and Solana staking ETPs

Solana's memecoin Dogwifhat (WIF) briefly flipped Bonk (BONK) as the network's leading memecoin by market capitalization.

Dogwifhat Briefly Surpassed Bonk To Become Most Valuable Solana Memecoin

Dogecoin

A crypto strategist who accurately called the bottom of Bitcoin's (BTC) 2018 bear market says he's bullish on a duo of memecoins including Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 244,200 followers on the social media platform X that dogwifhat (WIF) continues to flash signs of strength even after a marketwide correction.

News for Solana Crypto (SOL)