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 DEX Drift has officially launched its token and opened airdrop claims for 120 million tokens — with a bonus component.

Solana DEX Drift opens airdrop claims for 120 million tokens with bonus

Bitcoin

Ethereum

Galaxy Digital CEO Mike Novogratz is predicting that new “market events” will propel Bitcoin (BTC) and other crypto assets to the next leg up.

Billionaire Mike Novogratz Says New ‘Market Events' To Propel Bitcoin, Ethereum and Solana Higher

The cryptocurrency arm of brokerage firm Robinhood Markets Inc. (NASDAQ:HOOD) announced the launch of its first-ever cryptocurrency staking product, though the new service will be limited to the European market. What Happened: The offering will cover Solana (CRYPTO: SOL), the fifth-largest cryptocurrency by market cap, Robinhood stated in a blog post on Wednesday.

Robinhood Launches Its First Crypto Staking Offering For Solana But Feature Limited To Europe

Real Vision analyst Jamie Coutts believes Bitcoin (BTC) and a certain breed of altcoins will be beneficiaries of artificial intelligence's (AI) rise to prominence. The former Bloomberg analyst tells his 16,200 followers on the social media platform X that AI will need a money system, and that BTC may be the best available form.

Ethereum, Solana and One More ETH-Rival Will Benefit From Rise of Artificial Intelligence: Real Vision Analyst

Solana (SOL) is currently trading above the $143 support level and the 21-day SMA as a result of the recent price rise.

Solana Oscillates Due To The Hurdle At $156

The meme coin craze is back on the Solana blockchain. Tokens paying homage to meme stock legends GameStop and AMC have been soaring, while the presale for Sealana (SEAL) just passed the $900,000 funding milestone. GMEWIFHAT & AMC Meme Coins Rocket on Solana Meme stock madness has fully spilled over to Solana.

GMEWIFHAT and AMC Solana Meme Coins Explode as Sealana Nears $1M

Unipics also known as ‘Bonk Guy', revealed a seven-figure profit in 48 hours trading AMC (CRYPTO: AMC) and GameStop (CRYPTO: GME) derivatives on Solana. What Happened: Bonk Guy disclosed that he invested around $155,000 in trade which is currently worth $1.3 million with an unrealized profit of $1.15 million (marking 641% gains).

Millionaire Trader 'Up 7 Figures In 48 Hours' On GameStop And AMC Meme Coins On Solana

Dogecoin

Shiba Inu

Crypto trader Intuitio declared the current market downturn a "bear trap," comparing it to the 2021 summer bear trap while noting the stronger positions of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) this time around. What Happened: Intuitio asserts that the present summer bear trap closely mirrors that of 2021.

Why This Crypto Market Is 'A Bear Trap' And Which Coins This Trader Is Backing

Polygon

Paradigm, a prominent over-the-counter (OTC) liquidity network in the crypto industry, unveiled a new block trading feature on Deribit, a leading derivatives exchange.

Paradigm Introduces Block Trading Facility for MATIC, SOL, XRP Options on Deribit

A core developer working for Solana-based (CRYPTO: SOL) decentralized exchange, Cypher, admitted to misappropriating funds worth more than $300 million meant to compensate victims of a sensational hack on the platform last year. What Happened: In a public statement shared on X, the developer, under the alias “Hoak,” said, "To address the elephant in the room, the allegations are true, I took the funds and gambled them away.

Solana DEX Developer Admits To Stealing And Gambling Away $300M Meant For Hack Victims: 'I F***ed Up Way Too Hard'

New local-language versions of the app are on the way, starting with Italy, Poland and Lithuania, three countries where Robinhood is popular.

Robinhood launches Solana staking in Europe plus new customer rewards program

The theft included over $314,674 in USDT, USDC, and Solana.

Solana Dev Confesses to Stealing, Gambling Away Cypher User Funds

Core contributor Hoak blamed his actions on a "crippling gambling addiction." Solana-based crypto trading protocol Cypher has endured its share of hacks and heists. But its latest loss – of money meant for down-bad customers – was an inside job.

Insider at Solana's Cypher Protocol Admits to Stealing $300K

A Solana meme coin called Roaring Kitty promised big moves ahead—and then the famed GameStop trader reappeared, prompting a price surge.

Lucky Timing? 'Roaring Kitty' Solana Meme Coin Skyrockets After GameStop Trader's Return

Gamestop and a GME-inspired memecoin are rallying harder as hotter-than-expected inflation data boosts risk appetite in crypto and stocks. The producer price index (PPI), which measures what producers receive for their goods, increased 0.5% in April and was up 2.

Inflation Data Comes in Hot as GameStop and GME-Inspired Memecoin on Solana Continue Ripping Higher

GME shares are surging, but the unofficial GameStop meme coin has marked even larger gains as trader Roaring Kitty apparently returns.

GameStop Tribute Meme Coin on Solana Surges to All-Time High Price

A new seal-themed meme coin is gaining traction in the Solana ecosystem – and investors are taking notice. With a presale that has already raised over $700,000, Sealana (SEAL) may just be the next big thing to explode onto the scene.

New Solana Meme Coin Presale ‘Sealana' Has Just Raised $700K – Next Crypto to Explode?

The GME memecoin, which borrows GameStop's stock ticker but has no official affiliation, traded more than 460% higher on Tuesday.

Solana memecoin GME pumps 460% in a day as ‘Roaring Kitty' reappears

Solana DEX Zeta Markets has raised $5 million in a token round ahead of its token launch, airdrop and Solana Layer 2 rollup.

Solana DEX Zeta Markets raises $5 million in token round

These Solana meme coin developers fought valiantly for fame and riches, but gained just four viewers while losing one tooth in the process.

Solana Meme Coin Devs Fight on Livestream to Pump Price—Until One Loses a Tooth

Crypto OTC liquidity network Paradigm on Monday announced a block trading facility for linear options tied to MATIC, SOL and XRP. Trades facilitated by Paradigm will be submitted to Deribit for execution and clearing.

Paradigm Unveils 'Block Trading' Facility for MATIC, SOL, XRP Options

Among the 14,500 tokens deployed on Solana through pump.fun were more than a few GameStop-themed tokens.

GameStop Meme Coins Are Taking Over Solana as Pump.fun Sets Record

An altcoin inspired by the Gamestop (GME) short-squeeze frenzy of 2021 has exploded over 2,000% after the movement's leader made an internet appearance for the first time in nearly three years.

Gamestop Memecoin on Solana Explodes 2,113% After Movement Leader ‘Roaring Kitty' Suddenly Returns to X

The GME tribute meme coin on Solana is blasting off Monday, delivering sizable returns outpacing those of GameStop shares.

GameStop Tribute Meme Coin on Solana Surges 1,900% as GME Fever Returns

Stocks related to Keith Gill surged while opportunistic developers issued scores of meme coins on various blockchains to capitalize on the hype.

News for Solana Crypto (SOL)