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

Galaxy proposed a wider array of options for voters in choosing deflation rates for Solana, with decision made from weighted average.

Galaxy proposes new ‘market-driven' voting system for Solana emissions following SIMD-228 rejection

Canadian retail investors now have a third option on their spot crypto exchange-traded fund (ETF) menu, but one analyst says it may not be as big of a deal.

Solana ETFs Launch on Toronto Stock Exchange

Bitcoin

Ethereum

Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).

Crypto Trader Says Massively Bearish Solana Target Still in Play, Unveils Outlook for Bitcoin and Ethereum

Solana is outpacing Bitcoin, Ethereum, XRP, and other major coins right now, rising to its highest price so far this month Thursday.

Solana Hits Highest Price This Month Amid Coinbase Upgrades, Canadian ETF Launches

In January, Coinbase vowed to improve its Solana transaction processing infrastructure after users experienced withdrawal and depositing issues.

Coinbase improves Solana support following user complaints, increases transaction throughput five-fold

Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives.

Solana Surges 4.5% as Canada Launches First Spot ETFs

President Faustin-Archange Touadéra of the Central African Republic hints at a Solana meme coin-related law, prompting the CAR token to spike.

Central African Republic Solana Meme Coin Jumps as President Fuels Rumors of Revival

The Solana copy trading bot has focused on speed, with a claimed 15% of trades completed in the same block as the mirrored wallet.

How Solana Copy Trading Platform Odinbot is Achieving ‘Zero Block Latency'

Cardano

Avalanche

Solana, Cardano, and Avalanche are currently leading the cryptocurrency market losses, with each experiencing drops of over 5% in the past 24 hours.

Solana, Cardano, and Avalanche Lead Market Declines While Solana Ecosystem Sees Regulatory Gains

Crypto markets steadily rose in Asian morning hours Thursday after a sell-off the night before as Fed chair Jerome Powell dashed hopes of early rate cuts as global markets reel from the impact of newly-levied U.S. tariffs.

SOL Jumps 6%, Bitcoin Clings to $84K on Dampened Rate Cut Hopes

LaunchLab by Raydium is now live, offering a more robust Solana token launchpad following a break with former ally Pump.fun.

Raydium Debuts Solana Token Launchpad Following Split From Pump.fun

Publicly traded firm Janover disclosed the acquisition of 80,567 SOL for $10.5 million in its latest announcement. The company added that it will “begin staking its newly acquired SOL immediately.” From Nasdaq to Node Operator—Janover Stakes Its Claim on Solana Janover Inc.

Janover's Solana Hoard Now Over 163K as Firm Accelerates Staking Strategy

Solana (CRYPTO: SOL) is trading 5.72% lower Wednesday at $125.21, leading losses across major altcoins after a weeklong rally. The coin is up 18.94% over the past week and trimmed its monthly loss to just 2.18%.

Solana Price Falls But Holds Key Support As Canadian ETF Approval, Institutional Buying Offer Support

The altcoins underperformed relative to the broader market in today's trading, despite some encouraging recent news emerging for the Solana ecosystem.

Solana, Cardano and Avalanche Lead Crypto Market Losses With 5% Dips

Janover's Solana holdings now total 163,651.7 SOL — valued at $21.2 million, inclusive of staking rewards.

Janover doubles down on Strategy-esque Solana bet, adding $10.5 million in SOL and unveiling a staking partnership with Kraken

Dogecoin

Bitcoin (BTC) and major cryptocurrencies fell over 3% as profit-taking followed Tuesday's rally.

Dogecoin Whales Accumulate, SOL Hints at Consolidation as Market Takes a Breather

Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million.

Janover Doubles Solana Holdings to $21M, Sees 1,700% Stock Surge After Crypto Pivot

Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16.

Canada To Launch 4 Spot Solana ETFs on April 16, Beating U.S. to Market

Janover has scooped more than $20 million in Solana since its board approved a plan to add the token to its coffers earlier this month.

Publicly Traded Company Janover Boosts Solana Treasury Stash to $21 Million

Long-running NFT marketplace OpenSea has added support for Solana fungible token trading as part of its overhaul and expansion.

OpenSea Adds Solana Trading Ahead of SEA Token Launch

Ethereum is always in the conversation, and doesn't need the additional “marketing” in D.C., say the network's top political advocates.

Bitcoin Has a DC Policy Institute, So Does Solana. Where's Ethereum?

Aiming to perhaps replicated Strategy's bitcoin (BTC) playbook, except with solana (SOL), fintech commercial real estate platform Janover (JNVR) has built a SOL stack worth roughly $21 million and seen its share price rise nearly 20-fold in less than a month.

Janover Takes Page From Saylor Playbook, Doubling SOL Stack to $20M as Stock Soars 1700%

Axiom, a rising meme coin trading platform on Solana, surpassed $100 million in daily volume on April 14, claiming half the market's share. With a record 26,800 users trading that day, Axiom's growth is driven by innovative tools, incentives, and viral community marketing.

Axiom Hits $100 Million in Daily Volume, Dominates Solana Meme Market

A closely followed crypto analyst believes one Solana (SOL)-based meme token is gearing up for further swings to the upside.

‘Hot Air Rises': Crypto Trader Says Solana-Based Memecoin That's Up 220%+ in a Month Primed To Go Much Higher

Solana (CRYPTO: SOL) is holding steady near recent highs on Tuesday as ETF speculation continues to drive bullish sentiment across the altcoin market. The coin is trading at $131.71, down just 0.1% on the day, after gaining nearly 19% over the last week.

News for Solana Crypto (SOL)