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

Some ME claimants faced issues early on due to demand, but the token launch still substantially rewarded Magic Eden NFT marketplace users.

Magic Eden Traders Rush to Claim Solana Token as Airdrop Value Tops $700 Million

Sushi Labs managing director Jared Grey is outlining what's next for the multichain decentralized exchange (DEX) SushiSwap (SUSHI). Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.

SushiSwap Head Jared Grey Says Plans for 2025 Include Launching New DEX on Solana (SOL)

Bitcoin

Ethereum

Crypto asset management giant Bitwise is revealing its bull market price targets for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). In a new report on its outlook for 2025, Bitwise says it expects that BTC, ETH and SOL – “crypto's magnificent three” – will continue rising to make new all-time highs over the next year.

Bitwise Unveils 2025 Predictions for Bitcoin, Ethereum and Solana – Here's How High the ‘Magnificent Three' Can Go

Solana‘s (CRYPTO: SOL) lackluster performance over the past month has done little to discourage traders from seeing a bright future for the altcoin. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $208.69 $99.4 billion -7.3% -6.6% Ethereum (CRYPTO: ETH) $3,586.94 $432 billion -6.4% +0.5% XRP (CRYPTO: XRP) $2.04 $117.7 billion -14.1% -19.7% Trader Notes: Cypto trader McKenna predicts Solana could quickly reach $500, citing its resilience and potential.

Solana Struggles Compared To ETH, XRP: What Is Going On With SOL?

Solana Foundation's President may be the busiest person in crypto and one of the smartest.

Lily Liu: Solana's Powerhouse Ambassador

The site cemented Solana as the number-one place to launch and trade brand-new memecoins, for better and worse.

Pump.Fun: Solana's Memecoin Juggernaut

Dogecoin

Bitcoin has experienced a significant drop, falling below $97,000 after briefly exceeding $100,000 earlier this week.

Dogecoin, XRP, and Solana Lead Declines as Bitcoin Drops Below $97K, Market Faces Widespread Losses

Max Resnick, one of Ethereum's notable researchers, announced he will join Solana-focused research and development firm Anza.

Ethereum researcher Max Resnick moves to join Solana development firm Anza

An influential cryptocurrency analyst on Monday identified Solana (CRYPTO: SOL) and Toncoin (CRYPTO: TON) as the next contenders to reach new all-time highs, following the accomplishments of Bitcoin (CRYPTO: BTC). What happened: JA Maartunn, a well-known market observer and contributor at on-chain analytics firm CryptoQuant, called Solana a “standout,” underscoring that the cryptocurrency was just 8% away from its peak of $263.21.

Can Solana And Toncoin Print Fresh All-Time Highs Just Like Bitcoin's Recent $100K Move? Here's What This Analyst Says

"There's just so much more possibility and potential energy in Solana," Resnick told CoinDesk after quitting his Consensys job for a job at Anza.

Ethereum Dev Max Resnick Defects to Solana, Citing 'Frustration'

Bitcoin briefly rose back above $100K on Monday morning, but has since fallen, dragging many other major assets along with it.

Dogecoin, XRP and Solana Slide as Bitcoin Price Falls Below $97K

Jupiter token holders approved a pair of airdrops via a revised proposal, not long after rejecting a plan to hand out $1.7 billion in JUP.

Solana DeFi Exchange Jupiter Gets OK for Airdrops After First $1.7 Billion Vote Failed

Solana (SOL) price is rising as buyers try to keep it above the 21-day SMA and the $248 level.

Solana Is In A Trading Range But Threatens To Fall Below $220

Shiba Inu

The prices of cryptocurrencies have soared in 2024, specifically hitting huge gains and some hitting new all-time highs shortly after the 2024 presidential election. One of the hottest cryptocurrencies of late is XRP Token (CRYPTO: XRP) from Ripple.

Can Bitcoin, Ethereum, Dogecoin, Shiba Inu or Solana Beat XRP In 2025? Poll Says Yes, One Coin Stands Out

The U.S. Securities and Exchange Commission (SEC) is reportedly swatting down Solana (SOL)-based exchange-traded fund (ETF) applications in the final weeks of Gary Gensler's tenure as the regulator's chair.

US SEC Swatting Down Solana (SOL) ETFs Prior to Administration Change: Report

Insiders are speculating that “the SEC won't entertain any new crypto ETFs under the current administration.” SEC To Reject Solana ETF Applications, Insiders Say Rumors that the U.S.

Reports of Solana ETF Rejections Surface

Pump.fun has permanently blocked UK users after the country's financial regulator posted a warning about the Solana meme coin launchpad.

Solana Meme Coin Launchpad Pump.fun Bans UK Users After Regulator Warning

The NFT collection has hit a $62,000 floor price as the brand expands beyond Ethereum to launch its PENGU token on Solana.

Pudgy Penguins To 'Hatch a Master Coin' On Solana as NFT Floor Prices Surge

Leading crypto asset manager Grayscale just submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to convert its Solana Trust into a spot exchange-traded fund. The Digital Currency Group (DCG) subsidiary's Solana Trust is currently the largest Solana investment fund by assets under management (AUM). It manages $134.

Crypto Giant Grayscale Seeking To Convert Its Solana Trust Into ETF, According to New Filing

Anatoly Yakovenko referred to memecoin traders as a "blessing" for helping to stress-test Solana's network.

Solana's founder on how memecoins help make the network more robust

The system introduces a competitive limit book market among MEV searchers, promising traders the best price execution.

Solana's largest decentralized exchange unveils new swap feature, promises lowest prices for traders

Cardano

The co-founders of the crypto analytics platform Glassnode believe that Solana (SOL) may be gearing up for a massive run after being outperformed by rivals.

Solana Primed To Rally After Underperforming XRP and Cardano, According to Glassnode Co-Founders – Here's Why

The multi-billion-dollar crypto asset manager has joined the race to launch the first spot solana exchange-traded fund (ETF) in the U.S. Grayscale Becomes Fifth Asset Manager to File for a Solana ETF Crypto asset manager Grayscale is looking to convert its $120 million Grayscale Solana Trust (GSOL) into a spot ETF after U.S.

Grayscale Files for Solana ETF With NYSE Arca Amid Expanding Crypto Offerings

Coinbase announced plans to list the meme coins Gigachad and Turbo, causing the prices of both to immediately skyrocket.

Coinbase Pumps Ethereum and Solana Meme Coins With Latest Listing Plans

The breach led to $160,000 in stolen assets, including SOL tokens and other crypto assets, according to Solscan data.

News for Solana Crypto (SOL)