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

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

Bitcoin

Ethereum

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.

Bitcoin Drops Below $95K as Solana, XRP and Dogecoin Keep Falling

The Grayscale Pyth Trust offers accredited investors exposure to PYTH, the governance token behind Solana's leading oracle network.

Grayscale Rolls Out Crypto Fund for Pyth, Expanding Investor Access in Solana Ecosystem

Solana has dropped to its lowest level since mid-December, amid meme coin controversies and a looming token unlock event.

Solana Drops 8.8% Following LIBRA Meme Coin Crash

The SOL price has slumped against both the dollar and ether.

LIBRA Apparent Rug Pull Is Latest 'Sordid Episode' Emerging From Solana's Memecoin Complex: Galaxy

Litecoin

Based on fresh data from the prediction marketplace Polymarket, there is a 78% probability that the U.S. Securities and Exchange Commission (SEC) will approve an XRP exchange-traded fund (ETF) this year.

Polymarket Bet Signals 78% Chance for SEC-Approved XRP ETF, Higher Odds for SOL and LTC Funds

A daring climb of the Hollywood sign by a promoter led to a dramatic fluctuation in the value of Solana meme coin Vigilante (VIGI). What Happened: An unidentified individual scaled the iconic Hollywood sign on Saturday, waving a flag advertising the Solana meme coin Vigilante.

Hollywood Sign Stunt Ignites Solana Meme Coin Frenzy

Macro guru and Real Vision chief executive Raoul Pal says that Bitcoin (BTC) and other top altcoins are all looking strong despite choppiness in crypto markets.

Ex-Goldman Sachs Executive Says Bitcoin, Ethereum, Solana and Sui All Look Bullish Amid ‘Greatest Macro Trade'

An internal investigation by Jupiter found no evidence of "sniping" by employees around the launch of collapsed meme coin LIBRA, it said.

Solana Exchange Jupiter: LIBRA Launch ‘An Open Secret' In Meme Coin Circles

A man was taken into police custody Saturday after climbing the Hollywood sign to promote his Solana meme coin.

Solana Meme Coin Pumps—Then Dumps—After Promotor Climbs Hollywood Sign

Crypto markets fell with XRP and SOL leading declines among major cryptocurrencies.

Solana, XRP Lead Crypto Drop With U.S. Closed for Presidents' Day

BNB Chain surpassed Solana in daily transaction fees on Feb. 13, 2025, with over $5.8 million in fees, outpacing Solana's $3.3 million.

BNB Chain Surpasses Solana and Ethereum in Daily Fees for the First Time Since 2024

Donald Trump actually launched a Solana token, but did Javier Milei? The answer remains unclear—and LIBRA is crashing amid the confusion.

News for Solana Crypto (SOL)