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

The token will be used to support a new community-driven crypto investigations platform called the Intel Desk.

Bubblemaps to Launch New Token on Solana

Bubblemaps will launch its Solana token this month with an investigation platform coming soon.

Analytics Firm Bubblemaps Announce Solana Token and Investigation Platform

Banking giant JPMorgan forecasts significant investments in Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) exchange-traded funds (ETFs) if they receive approval. The report, shared on Jan. 13, suggests these ETFs could outperform Ethereum (CRYPTO: ETH) ETFs in their initial six months.

Solana, XRP ETFs Could Outperform Ethereum ETFs, Says JPMorgan

Litecoin

A hacker briefly gained access to Litecoin's X social media account to fraudulently promote that LTC is now available on the popular smart contract platform Solana (SOL).

Scammer Briefly Hacks Litecoin's X Account, Promotes Fake LTC Coins Based on Solana (SOL)

A Pump.fun competitor launched a token and admitted to dumping on investors, claiming to profit $800,000.

Pumpkin 'Rugs' Its Own Token After Threatening Solana Meme Coin Launchpad Pump.fun With a Lawsuit

Bitcoin

Ethereum

Macroeconomic events shaped the digital assets market over the past week with significant outflows. Digital Assets Investors Reacted Negatively to U.S. Fed's Hawkish Outlook Coinshares' weekly digital asset fund flows report revealed that digital asset investments experienced a modest inflow of $48 million last week.

Coinshares: Modest Net Inflows for Digital Assets With Gains for BTC, XRP, SOL and Losses for ETH

The Helio platform has handled over $1.5 billion in transactions and is integrated with popular digital platforms like Discord.

MoonPay acquires ‘premiere' Solana payment firm Helio in $175 million deal

Dogecoin

Interest rate fears appeared to impact financial markets Monday morning, with Bitcoin falling to $90K and other coins plunging harder.

Bitcoin Hits Lowest Price Since November as Dogecoin, XRP and Solana Fall

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

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

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.

News for Solana Crypto (SOL)