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

Cryptocurrency price analysis brought by Coinidol.com. The price of Solana (SOL) has fallen below the moving average lines.

Solana Continues Its Slide And Approaches The Low Of $175 Again

Bitcoin

Dogecoin

The cryptocurrency market faced a significant downturn in early January 2025, with several leading coins experiencing sharp declines.

Dogecoin Loses All of Its 2025 Gains as Bitcoin and Solana Experience Significant Declines

Sol Strategies (ticker HODL) is raising CAD $27.5 million to buy more SOL tokens and invest further in Solana staking infrastructure.

Sol Strategies is raising $20 million via debt financing from ParaFi Capital to expand Solana staking operations

The crypto market bloodshed accelerated into Thursday, with Dogecoin marking a 21% dip in two days as Bitcoin and others sank further.

Dogecoin Gives Up All of Its 2025 Gains as Bitcoin, Solana Keep Falling

A widely followed cryptocurrency trader is leaning bullish on a large-cap Ethereum (ETH) challenger, believing that the altcoin is still in an uptrend. The trader pseudonymously known as Altcoin Sherpa tells his 238,400 followers on the social media platform X that Solana (SOL) is primed to go “much higher” over the coming weeks and months.

Ethereum Rival Solana To Surge Much Higher in the Coming Weeks and Months, Says Trader – But There's a Catch

Ethereum

Fidelity Digital Assets says Ethereum's strong fundamentals give it an edge over Solana from a long-term perspective.

Fidelity sees Solana as a ‘notable contender' but backs Ethereum's stronger fundamentals

Solana (SOL) is poised for potential growth in 2025, driven by increasing retail investor interest and the anticipated approval of a U.S.-based spot Solana exchange-traded fund (ETF).

Solana Set for Growth as U.S. ETF Prospects and Retail Interest Surge: Analyst Insights

The upgrade from Jump Crypto could drastically boost transaction throughput, helping Solana support legacy financial markets.

Solana Pushes Validators to Test Early 'Firedancer' Upgrade

Trading on gaming vibes and Call of Duty nostalgia—with a boost from esports royalty—meme coin 360noscope420blazeit (MLG) is blowing up.

Call of Duty-Inspired Solana Meme Coin MLG Skyrockets After FaZe Clan Boost

A Solana trader paid over $200,000 in fees to try and snipe a new AI-themed meme coin, then immediately sold at a substantial loss. Why?

Someone Just Spent $200K on a Solana Priority Fee—It Didn't End Well

A credit facility worth $25 million CAD has been obtained by Sol Strategies to purchase Solana tokens. Sol Strategies Goes Big on Solana Sol Strategies Inc.

Sol Strategies Invests $25 Million CAD in Solana Ecosystem

Solana (CRYPTO: SOL) has dropped below the $200 mark, down 6% on the day as the wider cryptocurrency market continues its slide. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $196.99 $95.3 billion -6.2% +3.9% Bitcoin (CRYPTO: BTC) $95,256.56 $1.88 trillion -5.3% +1.8% Ethereum (CRYPTO: ETH) $3,353.91 $404.2 billion -7.7% +0.8% Trader Notes: Prominent venture capitalist Andrew Kang stated in a post on X on Wednesday that Solana has retraced most of its gains following the post-Trump election rally, creating what he considers a buying opportunity.

Solana Down 6% As Expert Touts 'Relatively Cheap' Price: What Is Going On?

Mad Lads NFTs continued their recent price surge Tuesday after their creator acquired the remains of the collapsed FTX Europe.

Mad Lads Solana NFTs Gain After Parent Firm Backpack Acquires FTX Europe

The firm, previously known as Cypherpunk Holdings, pivoted midway through 2024 to focus on the Solana ecosystem.

MicroStrategy of Solana, Sol Strategies takes out $25 million credit line to invest in SOL tokens and staking operations

Sol Strategies takes out $25 million credit line to invest in SOL tokens and staking operations

Crypto prices are plummeting early Tuesday amid rough economic data, with Bitcoin falling under $98,000 after topping $100K on Monday.

Bitcoin, Dogecoin and Solana Plunge as Jobs Data, Rate Cut Expectations Spook Investors

The Solana network recorded nearly $3.8 billion in 24-hour trading volume across its decentralized exchanges (DEXs) on Jan. 6, according to data from DefiLlama.

Solana Outpaces Ethereum and Base in 24-Hour DEX Trading Volume

GoMining tokenizes hashrate in order to make owning bitcoin mining capacity available to people who are unable to afford bitcoin mining.

Digital bitcoin miner GoMining expands to Solana ahead of NFTs launching on Magic Eden

Pump.fun has recently been responsible for more than 70% of all token launches on the Solana network.

Pump.fun Dominates Solana Network, Responsible for 70% of Token Launches and 56% of Transactions

Solana's latest proposal introduces a new hashing system that could eliminate computational bottlenecks while maintaining security.

Solana Proposal Promises to Bring Support to Billions of Users

The meme coin launchpad is responsible for more than 70% of token launches on Solana over the weekend.

Pump.fun Responsible for 70% of Token Launches on Solana Network

Global digital asset investment products hit a record $44.2 billion in inflows in 2024, nearly quadrupling the previous high of $10.5 billion set in 2021, according to a CoinShares report on Monday. The surge was largely fueled by the introduction of U.S. spot-based ETFs, which accounted for 100% of these inflows.

Bitcoin, Ethereum, Solana Institutional Investment Inflows Hit Record $44.2B In 2024, Nearly Quadrupling Previous High

Centralized exchanges see highest net-inflow of SOL tokens since March, according to Coinglass

SOL Worth $227M Moved to Centralized Exchanges, Clouds Bullish Technical Outlook

Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $304 million in inflows from other blockchains, only bested by Base and Hyperliquid.

Solana Achieved Its Best Year Ever, and the Numbers Back It Up

A closely followed crypto analyst says that smart contract platform Solana (SOL) is potentially forming a bullish technical pattern that could see it surge by over 1,700%.

News for Solana Crypto (SOL)