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 (CRYPTO: SOL) is well-positioned against Ethereum (CRYPTO: ETH), according to the analysis of a prominent industry expert. What Happened: According to Coin Bureau CEO and co-founder Nic, Solana is already outperforming Ethereum.

Solana 'No Longer In Ethereum's Shadow, SOL Could Outperform ETH,' Says Expert

Bitcoin

Ethereum

The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.

Meme Coins Outperform BTC, ETH and SOL as Traders Rotate Holdings

SOL's months-long triangular price consolidation could bring good news for the bulls.

Crypto Traders Search for Clues in Solana's Triangle Pattern

Influential cryptocurrency analyst Ali Martinez predicts a bullish run for Solana (CRYPTO: SOL), often touted as an ‘Ethereum (CRYPTO: ETH) killer,' amid growing market optimism around the digital asset. What Happened: On Monday, Martinez posted his optimistic prediction for Solana on X, formerly Twitter.

'Ethereum Killer' Solana Could Soar To $174, Says Popular Crypto Analyst After Identifying This Bullish Pattern

Solana (SOL) has seen a 3.8% increase over the past 24 hours as the market rallies following the failed attempt to assassinate former President Donald Trump.

Solana and SOL-Based Memecoins Surge Amid Market Upturn Following Trump Assassination Attempt

Solana (CRYPTO: SOL) could reach 50% of Ethereum's (CRYPTO: ETH) valuation in this cycle if trader's latest price predictions come true. What Happened: Syncracy Capital's Daniel Cheung stated that with Solana closing the week on a bullish note, it is looking exciting again.

Solana Up 7% And Could Get To 50% Of Ethereum's Valuation As 'Most Liquid Election Proxy In Crypto,' Trader Says

After suffering third degree burns to pump his meme coin, DARE, the Solana dev is planning a world tour and aiming to climb Mount Everest.

Solana Dev Who Burned Himself Plans to Climb Mount Everest for Next Dare

Solana meme coins skyrocketed amid the German government emptying its wallets and the failed Trump assassination attempt.

Solana Climbs 4% While Popular Meme Coins Billy, Michi and Popcat Soar

Grass, an artificial intelligence (AI) based web crawling project that uses the Solana network, has announced the end of its closed beta version with its final epoch.

Solana Based AI Project Grass Announces Final Epoch of Closed Beta

A popular crypto trader and analyst thinks one Ethereum (ETH) rival is gearing up for a strong finish in 2024.

Trader Says Top-10 Altcoin To Have a Strong Run in the Fourth Quarter, Updates Outlook on Celestia and Render

Renowned crypto trader DonAlt is considering stepping away from active trading, citing disillusionment with the current state of the cryptocurrency market. What Happened: In a recent episode of the popular “Casual Friday” podcast, Don revealed his plans to wind down his trading activities while expressing a desire for “one last bullish trade” to end on a high note.

Top Crypto Trader Contemplates Retirement, Looks For 'One Last Bullish Trade' On Bitcoin, Ethereum, Solana

A popular crypto trader thinks one Ethereum (ETH) rival is primed to perform well over the coming months.

Trader Says Ethereum Rival To Perform Well Over Coming Months, Updates Outlook on Bitcoin and Celestia

Firedancer, a cutting-edge validator client for the Solana blockchain developed by Jump Crypto, successfully built its first accepted block on the Solana testnet this Wednesday.

Solana's Firedancer Validator Client Achieves Milestone on Testnet

A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval.

Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

The price of Solana (SOL) has improved but remains trapped between the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.

Solana Trades In A Range As It Challenges The High Of $155

Bonk

Popular dog-themed token Bonk (CRYPTO: BONK) turned out to be one of the best-performing memecoins Tuesday, while the native currency of its parent blockchain, Solana (CRYPTO: SOL), also traded in the green. What Happened: Bonk surged more than 7% in the last 24 hours, taking its gains since the beginning of this week to 27%.

Bonk Outperforms Meme Segment With 7% Spike, Parent Chain Solana Continues To Remain In The Green

A long-term measure of solana sentiment, calculated by The Tie, declined to its lowest value since December 2023 today.

Solana's Long-Term Sentiment Plunges To Lowest Point Of 2024

Solana (CRYPTO: SOL) is cheering the recent applications by VanEck and 21Shares for Solana ETFs. The optimism surrounding the altcoin has led traders to predict strength.

Trader Calls Solana 'Most Liquid, Strongest Runners'; Analyst Predicts March 2025 Final Deadline For SOL ETFs

Applications for the first Solana (SOL) exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) have been filed with the U.S. Securities and Exchange Commission (SEC). According to new filings with the Cboe, both VanEck and 21Shares applied for Solana futures ETFs yesterday.

First Solana (SOL) ETFs Filed With Cboe by Investment Giants VanEck and 21Shares

A new validator client for the Solana (SOL) blockchain is about to launch a new $1 million bug bounty program this week. Firedancer aims to improve the blockchain's transaction processing speed, scalability and efficiency and is slated to launch sometime next year.

Solana's (SOL) Firedancer Set To Launch $1,000,000 Bug Bounty Program This Week

Argentinian soccer legend Lionel Messi has caused a stir in the cryptocurrency community by presumably getting involved in the launch of a meme coin. What Happened: Out of nowhere, Lionel Messi's Instagram account posted a story on Monday promoting the Solana meme coin WATER, according to The Block.

Soccer Legend Lionel Messi's Instagram Account Posts Unexpected Solana Meme Coin Promo

The total market supply of PayPal's PYUSD stablecoin surpassed half a billion tokens, according to DeFiLlama.

PayPal's stablecoin surpasses $500 million market cap following Solana expansion

Shared sequencers and data availability (DA) are services that Rome could provide, as blockchain builders increasingly rely on "modular" networks to handle Ethereum's myriad components and functions.

Blockchain Startup Rome Raises $9M to Serve Ethereum Layer-2s Through Solana

Exchange operator Cboe Global Markets Inc. (BATS:CBOE) has submitted a request to the SEC to list Solana (CRYPTO: SOL) spot exchange-traded funds applied by VanEck and 21Shares. What Happened: The exchange submitted a 19b-4 application with the regulator, according to a Reuters report Monday.

Solana Jumps 5.5% As Cboe Files Application With SEC To List VanEck, 21Shares Spot ETFs

Jump Crypto, in collaboration with security platform Immunefi, launched a bug bounty program offering developers who uncover vulnerabilities in Solana's new high-performance validator client.

News for Solana Crypto (SOL)