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

While U.S. issuers are still waiting for the approval of a spot Solana (SOL) exchange-traded fund (ETF), Canadian investors will be able to trade such funds on the Toronto Stock Exchange starting Wednesday.

First Spot Solana ETFs to Hit Canadian Market This Week

Dogecoin

XRP and solana (SOL) are top candidates for a spot ETF approval in the U.S., driven by their high liquidity, with the Ripple-related token edging out among others for what could go live on the market earlier, Kaiko analysts shared in a Monday report.

XRP Most Likely to Get U.S. Spot ETF Approval Ahead of SOL, DOGE: Analysts

On Tuesday, Janover Inc (NASDAQ:JNVR) announced the purchase of 80,567 Solana (CRYPTO: SOL), valued at approximately $10.5 million. This purchase marks the third execution under its newly adopted digital asset treasury strategy.

EXCLUSIVE: Janover Scoops $10.5 Million Of Solana Under New Treasury Strategy

Bloomberg Senior ETF Analyst Eric Balchunas shared that four asset managers are set to launch spot Solana ETFs in Canada on Wednesday.

Canada to launch spot Solana ETFs this week: report

Canada has outpaced the U.S. with the launch of staking-enabled spot Solana ETFs as interest globally continues to build.

Canada to Launch 'World First' Spot Solana ETFs With Staking This Week: Balchunas

A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal. Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100.

Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025

Solana (CRYPTO: SOL) is pushing higher to start the week, extending a rebound from early April as momentum builds behind renewed ETF optimism and easing macro pressures. Price Action At the time of writing, Solana is trading at $132.11, up 3.76% over the last 24 hours, according to CoinMarketCap.

Solana Extends Rally As ETF Bets Climb And Market Sentiment Turns

Cardano

XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.

XRP, SOL and ADA Flash Bullish Patterns as Traders Eye Recovery

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: SOL Gains 10.8% as Nearly All Assets Trade Higher

Avalanche

The cryptocurrency market slipped by 1.56% in the past 24 hours on Sunday, pulling the global market cap down to $2.66 trillion as major assets saw mixed performance. Altcoins Diverge as Trading Volume Declines This week in crypto markets, bitcoin ( BTC) maintained its dominance, trading at $83,781 with a slight 1.

XRP, SOL, and AVAX Buck the Trend in Mixed Week of Crypto Action

The Solana Policy Institute aims to reform DeFi's shadowy reputation and ensure the space remains forefront in the minds of policymakers.

From the Crypto Trenches to the Hill: Why Solana Is Making a Big Push in Washington

The price of Solana (SOL) has risen above the $100 support and broken above the 21-day SMA barrier.

Solana Price Recovers Above $110

Bitcoin

The cryptocurrency market experienced a volatile week, influenced by global economic factors like trade war concerns and the pause on the U.S. tariff policy. While bitcoin saw a slight gain, solana, avalanche, and hedera showed significant price fluctuations, recovering from initial drops. Ethereum, however, suffered a substantial loss, failing to rebound like other top cryptocurrencies.

Bitcoin Rises, Solana Surges as Crypto Market Ends the Week in the Green

Conservative McDonald's shareholders also pushed for a bitcoin treasury and the meme token Fartcoin rose 30% in the past day.

The Daily: Janover buys 83,000 SOL for crypto treasury strategy, Ripple and SEC pursue ‘negotiated resolution,' bitcoin rises and more

The SOL move follows a $42 million funding round and has triggered a massive surge in Janover's stock price.

Commercial property platform Janover pivots to Solana treasury strategy, stock surges 1,100% as investors rush in

Solana (SOL) rose over 6% Friday morning to over $120.00, building on strong gains from earlier in the week as markets reacted to renewed institutional confidence and continued macro volatility. Its latest catalyst is a second major crypto purchase from publicly traded real estate tech firm Janover Inc, which snapped up 44,158 SOL—worth approximately $5 million—as part of its treasury allocation strategy.

Solana Jumps As Janover Adds $5M To Treasury Strategy, Doubling Down On Crypto Pivot

The Trump tariff pause the pause offers “breathing space” while keeping pressure on China, said one analyst.

SOL, DOGE Lead Gains Among Majors as Analyst Eye Next Big Move Higher

Market volatility saw traders chase options for hedging and speculative activities.

Altcoin Action in Powertrade's Options Market Heats Up Driven by XRP, SOL and DOGE

The guitar legend has abandoned the social platform after his account was hacked to promote a Solana meme coin.

Guns N' Roses Guitarist Slash Quits Twitter After Solana Meme Coin Hack

Janover Inc (NASDAQ:JNVR) announced Thursday that it has purchased approximately $4.6 million Solana (CRYPTO: SOL), marking the first execution under its newly adopted digital asset treasury strategy. The company will immediately begin staking its SOL position, generating revenue while supporting the Solana network.

EXCLUSIVE: Janover Acquires $4.6 Million Of Solana (SOL), Begins Digital Asset Treasury Strategy

Openzeppelin has announced the release of alpha Open Source versions of its Relayers and Monitor tools. With over 40 million transactions executed through Relayers and 45 million alerts triggered via Monitor, these tools have been widely adopted by thousands of blockchain developers across more than 70 networks, including Ethereum Virtual Machine (EVM) compatible chains.

Openzeppelin Open Sources Relayers and Monitor Tools, Expanding Support to Solana and Stellar

An analyst who accurately called the start of Solana's (SOL) correction this year is flipping bullish on the native asset of the layer-1 protocol.

‘Sizeable Bounces' Coming for Ethereum Rival Solana As SOL Flashes Bullish Reversal Signal, According to Analyst

Altcoins like DOGE and XRP are ripping higher after President Trump put a 90-day pause on most of his "reciprocal" tariffs.

XRP, Solana and Dogecoin Lead Altcoin Comeback After Trump Tariff Pause

Major altcoins like XRP (CRYPTO: XRP), Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA) are down more than 15% in the past seven days, tracking the broader crypto market selloff as Trump's aggressive tariffs continue to shake global risk sentiment. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $1.84 $107.2 billion -2.

XRP, Solana, Cardano Plunge Over 15% In 7 Days: Is A Rebound Coming?

Solana has launched Confidential Balances, a feature designed to bolster privacy for on-chain transactions while preserving the platform's speed.

News for Solana Crypto (SOL)