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

Controversial influencer and former kickboxer Andrew Tate claims that he will spend a million dollars on “junk” tokens today.

'We Must Crash Solana': Andrew Tate Embarks on Meme Coin Spending Spree

Shares in GameStop (GME) are climbing again Thursday amid speculation that influencer Roaring Kitty is returning to livestreams.

GameStop Solana Meme Coin GME Up 467% Ahead of Roaring Kitty Stream

Bitcoin

Ethereum

Rich Dad Poor Dad author Robert Kiyosaki has emphasized that his prediction of bitcoin hitting $350K on Aug. 25 “is not a lie.” He also expressed his bullish outlook for ethereum and solana, noting that he will keep buying the three cryptocurrencies because he is “quite certain their prices will continue to rise.

Robert Kiyosaki Says His Prediction of Bitcoin Hitting $350K in August ‘Is Not a Lie' — Also Bullish on Ethereum and Solana

Pro wrestler Hulk Hogan was accused of a celebrity meme coin scam on Thursday, but says the tweets were “not from me.”

Did Hulk Hogan Really Pump and Dump a Solana Meme Coin?

Users on X shared screenshots alleging to be comments the wrestler made earlier in the day promoting the HULK memecoin.

Hulk Hogan Solana memecoin appears to lose $15 million in value after wrestler allegedly deletes posts promoting token

Shares of GameStop closed the Thursday session 47% higher as the retail trading fame provided an update of his position and announced a livestream for Friday.

GameStop-Inspired Solana Memecoin Soars Over 80% as Roaring Kitty Flashes $586M Worth of GME Position

Ethereum's (ETH) complexity brings Solana's (SOL) mission into focus, according to Anatoly Yakovenko. The Solana co-founder says in a new interview on Bankless that his mission is simply building a hyperfast chain. [1:49:29] “Yeah, network effects, TVL (total value locked), all these things could matter, but it's not hard.

Complexity of Ethereum Driving Solana To Find Product Market Fit, According to Anatoly Yakovenko

The price of Solana has increased by over 5% in the past 24 hours after an uptick in the network's memecoin trading activity, an analyst said.

Solana rally continues on memecoin activity and DeFi; ether implied volatility outpace bitcoin's

The price of Solana (SOL) has fallen below the 21-day moving average line, suggesting that selling pressure could pick up again.

Solana Price Holds Above The Breakout Level Of $162

Nearly half a million tokens were launched on the Solana blockchain in May, driven by low entry barriers and the growing allure of creating the next viral memecoin.

Solana Saw Nearly Half a Billion New Tokens Created in May

BODEN appears to be the winner as first exchange open to U.S. residents lists the election-themed tokens.

BODEN Token Up Over 10%, TREMP Gains 5% After Kraken Lists Solana PoliFi Duo

Pseudonymous cryptocurrency trader CryptoCred, in his latest podcast, provided an in-depth analysis of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), emphasizing key levels and market dynamics. Bitcoin Analysis: CryptoCred began by highlighting Bitcoin's positive monthly close.

Bitcoin, Ethereum, Solana Traders Need 'Lower Time Frame Entries, Higher Time Frame Setups,' Says Analyst

Pump.fun revenue has risen above $30 million as creators continue launching tens of thousands of memecoins on Solana each day.

Solana's memecoin mania pushes Pump.fun revenue above $30 million

Widely followed trader Inmortal says this year will see massive rallies for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and one additional altcoin.

Trader Says Ethereum-Based Altcoin ‘About To Get Sent,' Predicts Massive Q4 Rallies for Bitcoin, ETH and Solana

Just days after launching MOTHER, rapper Iggy Azalea donned a custom Mad Lads PFP and continued bull-tweeting the meme coin.

Iggy Azalea Goes Full Solana With Mad Lads PFP as MOTHER Nears $90 Million Market Cap

The GameStop tribute token on Solana is up huge alongside GME shares, which jumped due to the return of bull trader Roaring Kitty.

GME Solana Meme Coin Spikes 150% as Roaring Kitty Revives GameStop Frenzy

With success stories like popular memecoins dogwifhat and bonk, everyone wants to be the one to create the next big thing.

Solana saw nearly half a million tokens launched last month

Dogecoin

Cryptocurrencies linked with social messaging giant Telegram like Toncoin (CRYPTO: TON) and Notcoin (CRYPTO: NOT) edged higher on Sunday, even as the broader market moved sideways. What Happened: NOT accumulated double-digit gains in the last 24 hours, with trading volumes spiking 141% to $4.43 billion.

Telegram-Linked Notcoin Pips Solana, Dogecoin In Volumes To Become Fourth-Most Traded Crypto

Dog-themed memecoin Bonk (CRYPTO: BONK) has corrected since hitting its peak last week, but an analyst feels such retests are great confirmation signals for further upside. What Happened: On Sunday, prominent cryptocurrency trader Rekt Capital took to X, formerly Twitter, to express his views on the trajectory of the Solana (CRYPTO: SOL)-based token.

Solana's Answer To Dogecoin Is Correcting But Analyst Says It Could Be Confirmation That Bon Has More Upside

Cardano

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs.

Ripple CEO Says XRP, Solana, Cardano ETFs Are ‘Inevitable'

A widely followed cryptocurrency analyst and trader is warning that a Solana (SOL)-based memecoin looks primed for an epic collapse. The analyst pseudonymously known as Bluntz tells his 260,700 followers on the social media platform X that dogwifhat (WIF) could lose around 70% of its value from current levels.

Top Analyst Issues Warning on Memecoin That's Exploded Over 3,800% Year-to-Date, Updates Outlook on Solana

Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection.

Metaplex Announces Introduction of Hybrid Defi Protocol for Solana

Shiba Inu

Over the past several years, several cryptocurrencies have seen significant price increases. These tokens have consistently outperformed other cryptocurrencies and most other asset classes.

Here's How Much $1,000 Invested In These Best Performing Cryptos Is Worth Today: Dogecoin, Shiba Inu, and Solana

One trader is seeing seven-figure profits on a Solana (SOL)-based memecoin that is up 51x year-to-date, according to on-chain data. Blockchain tracking firm Lookonchain notes that one trader purchased dogwifhat (WIF) in December 2023 and has racked up a 118,967% gain by making a series of strategic sales as the memecoin soared.

Trader Records 118,967% Return on a Solana Memecoin That's Exploded Over 51x Year-to-Date: On-Chain Data

A recent slew of tokens issued on Pump Fun by fairly well-known and local celebrities has gotten the crypto community divided on their purpose.

News for Solana Crypto (SOL)