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

Bitcoin

The creator of DOG says the token's expansion to Solana is proof of Bitcoin's influence, not a sign that the network's fledgling meme coin ecosystem is failing.

Why Bitcoin's Biggest Meme Coin Just Bridged Over to Solana

A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors' Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose.

Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement

Asset manager Franklin Templeton is seeking SEC approval for funds based on the performance of Solana, the sixth-largest coin by market cap.

Franklin Templeton Joins Growing Pile of Solana ETF Applicants

Franklin Templeton filed for an exchange-traded fund on Friday that will track the spot price of Solana , reflecting the growing interest among asset managers to profit from the popularity of cryptocurrencies beyond bitcoin.

Franklin Templeton files for Solana ETF as crypto interest expands beyond bitcoin

Franklin Templeton is looking to include staking in its proposal to the U.S. SEC for a Solana exchange-traded fund.

Franklin Templeton seeks SEC approval for a Solana ETF involving staking

Ethereum

CryptoQuant CEO Ki Young Ju has confirmed that altcoin season has officially started, but he notes a major shift in market behavior compared to previous cycles. What Happened: In a post on X on Friday, Ju stated, “Alt season has begun.

'Alt Season Has Begun,' Expert Says, But Will Ethereum, XRP, Solana Benefit?

Crypto markets remain under pressure amid inflation concerns and looming tariff hikes, with Solana facing added volatility ahead of a major token unlock. Crypto Markets Struggle as Inflation Fears and Tariff Tensions Weigh on Sentiment QCP Insights for Feb. 19 showed that inflation fears and escalating tariff tensions continue to dominate global market sentiment.

QCP Insights: Solana Faces Pressure Ahead of 30 Million Token Unlock

Signals for the approval of a spot Solana ETF may come from a few places, and there are specific things that ETF gurus are scrutinizing.

Are Solana ETF Approvals ‘In the Bag'? Experts Weigh In

LIBRA's collapse triggered fraud claims, insider trading accusations, and calls for Argentine President Javier Milei's impeachment.

What is LIBRA? The Solana Meme Coin That Sparked a Political Scandal

Ethereum co-founder Vitalik Buterin has voiced his disappointment with criticism that Ethereum (CRYPTO: ETH) is “bad and intolerant” for not embracing “blockchain casinos.” What Happened: In response to a query on Tako, Buterin revealed that the criticism is that Ethereum “do not respect casinos” on the blockchain.

Vitalik Buterin Criticizes Blockchain 'Casinos,' Suggests Ethereum Won't Follow Solana's Approach To Meme Coins

Secondary markets for locked tokens refer to platforms or mechanisms where tokens that are under some form of lock-up or vesting schedule.

DEX SecondSwap Launches Mainnet on Ethereum With Plans for Solana Expansion

Following Argentine President Milei's meme coin promotion, the epicenter of Solana's so-called casino, Pump.fun, is showing signs of cooling.

Pump.fun Activity Cools as President Milei's Solana Meme Coin Fiasco Unfolds

Dave Portnoy, the founder of Barstool Sports, has launched his own meme coin and swiftly dumped it, before making a sequel.

Dave Portnoy Pumps and Dumps Another Solana Meme Coin, Banking on ‘Greed'

Solana (CRYPTO: SOL) is down 32% in a month, falling to a three-month low of $161, with trader sentiment at its lowest driven by recent market trends and the LIBRA rug pull. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $171.09 $83.6 billion +0.8% -10.7% Bitcoin (CRYPTO: BTC) $96,324.85 $1.9 trillion +0.1% +1.6% Ethereum (CRYPTO: ETH) $2,714.79 $327.3 billion +0.5% +4.4% Trader Notes: Crypto trader Jelle pointed out that Solana has closed above its prior lows, but the weekly close should be monitored.

Solana Down 32% In A Month As Sentiment Hits Lows: What Is Going On?

The sentiment towards Solana on social media has shifted to a negative one. Many analysts and traders are rejecting the chain as a meme coin casino after the Libra incident involving the token shared by Argentine President Javier Milei.

Solana Sentiment Turns Negative Amid Meme Coin Casino Allegations

Solana's price has dropped 8.8% in the past 24 hours, hitting $169.01, marking its lowest point since mid-December.

Solana Falls 8.8% Following LIBRA Meme Coin Crash and $2 Billion Token Unlock Threat

Sunil Kavuri, a prominent advocate for FTX creditors, advises victims not to gamble away their returned assets after missing the bull run.

FTX Creditor 'Champion' Advises SBF's Victims to Avoid Gambling on Solana Meme Coins

Solana prices have declined more than 40% in roughly a month as multiple bearish factors combined to create what one analyst described as a "perfect storm."

Solana Prices Plunge 40% In A Month As 'Perfect Storm' Fuels Losses

One man and his team racked up more than $100 million in memecoin profits via a trading method called “sniping.” Sniping Legend Nets More Than $100M in Memecoin Profits There are snipers, then there's Naseem, the legendary trader who pocketed $100 million from the Trump memecoin launch in January.

Solana's Most Profitable Sniper

Hedera

Coinbase's derivatives arm said that it now offers CFTC-regulated futures contracts covering Solana and Hedera.

Coinbase Launches Solana, Hedera Futures Contracts for US Traders

To celebrate President's Day, the team behind Trump's Solana meme coin is rewarding NFT and merch buyers with an airdrop.

Trump Company Plans to Airdrop Solana Meme Coin to Eligible NFT, Merch Buyers

Ben Chow, co-founder of Meteora, has stepped down from his role following scrutiny over the botched launch of the Libra (CRYPTO: LIBRA) token, a Solana (CRYPTO: SOL)-based meme coin. Meow, the pseudonymous co-founder of both Meteora and Jupiter (CRYPTO: JUP), announced that neither he nor anyone at either project had benefited financially from the token.

Meteora Co-Founder Resigns On Heels Of Solana Meme Coin, Libra Controversy

A veteran trader known for calling the collapse of 2022 is predicting big fakeout dips for Bitcoin (BTC) and two top altcoins before fresh explosive rallies. Posting in his Telegram channel, pseudonymous crypto analyst Capo tells his audience that Bitcoin may plummet to around $81,450, a 14% decline from its current value.

Trader That Called 2022 Market Crash Predicts Big Correction for Bitcoin, Ethereum and Solana Before Massive Rallies

Collins served as Tether's first chief executive officer from 2013 to 2015, after creating the stablecoin with Brock Pierce and Craig Sellars.

Former Tether CEO to debut rival, yield-bearing stablecoin on Ethereum and Solana: Bloomberg

Dogecoin

Bitcoin has fallen to its lowest price in weeks as Solana continues to bleed amid the LIBRA controversy, plus other top coins dip.

News for Solana Crypto (SOL)