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Solana lender MarginFi seems to be mending its relationship with SolBlaze, but it's still seen $214 million withdrawn since its CEO's resignation.

Solana Project Marginfi Withdrawals Top $214 Million After CEO's Resignation

"The main problem was our lack of organizational execution," MarginFi's longtime leader Edgar Pavlovsky told CoinDesk.

MarginFi Leader Resigns on Fiery Day for Major Solana Lender

Plenty of fingers have been pointed, but developers appear to be closing in on an update to help Solana's congestion issues.

Solana 'Sucks Right Now'—Devs Are Doing Something

The W token debuted last week with an impressive $3 billion market cap.

Wormhole's Solana Token Plunges 50% After Massive Airdrop

Bitcoin

Shiba Inu

A ton of tokens have made headlines in 2024, with some of the most discussed being Bitcoin (BTC), Solana (SOL) and Shiba Inu (SHIB). These tokens cover a wide range of use cases and purposes and have performed well to start the year.

Bitcoin Vs. Solana Vs. Shiba Inu: How Much You'd Have If You Invested $10,000 At The Start Of The Year

One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US. In an announcement via the social media platform X, Coinbase says it's adding Shadow Token (SHDW) to its trading platform.

Solana Altcoin Rips After Earning Surprise Support From Crypto Exchange Coinbase

Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious.

Half of Solana Pre-Sales Are Scams, Blockaid Says

dogwifhat

Solana meme coins have slipped overnight, as devs race to fix the congestion issues that have plagued the Solana network in recent weeks.

Dogwifhat Leads Solana Meme Coin Losses Amid Network Congestion

In a move aimed at accelerating transaction processing on the Solana blockchain, validators have voted in favor of a proposal that aims to reduce the latency of consensus "votes."

Solana Validators Approve Proposal To Enhance Transaction Speeds on the Blockchain

Shadow Token (SHDW), the native cryptocurrency of ShdwDrive, has experienced a 20% surge. This increase comes on the heels of an announcement that the token will be listed on Coinbase, the largest crypto exchange in the U.S. What Happened: Coinbase has plans to list Shadow Token (SHDW), provided liquidity conditions are met.

Solana-Based Shadow Token Surges Over 20% Ahead Of Coinbase Listing

A top crypto strategist who's been making timely altcoin calls as of late thinks that one Ethereum (ETH) challenger is close to printing a local bottom. Pseudonymous analyst Bluntz tells his 254,000 followers on the social media platform X that he's bullish on Solana (SOL).

Top Analyst Says Ethereum Rival Super Close to Bottoming Out, Sees One Altcoin Kicking Off NFT Season for Solana

The one-time “Ethereum killer” is indeed beating ETH as the preferred way to make stablecoin payments, say AllianceBernstein analysts.

Solana Dominates Ethereum in Stablecoin Payment Volume: Bernstein

A research report found that Solana (CRYPTO: SOL) has emerged as the new leader in the realm of blockchain payments. What Happened: In its new report, Bernstein, a research and brokerage firm, attributes Solana's success to its streamlined architecture, The Block reported.

Solana Challenges Ethereum's Lead In Blockchain Payments Race, Report Finds

Zeta Markets, a Solana-based decentralized exchange, is set to launch and airdrop 100 million Z tokens next month.

Solana DEX Zeta Markets set to airdrop 100 million Z tokens

The launch of governance token is part of a broader strategy that involves plans to release Solana's first layer 2 scaling solution, Zeta Markets said in the press release.

Solana-Based Zeta Markets Debuts Governance Token Z

The price of Solana (SOL) has fallen below the 21-day SMA after being rejected twice at the $210 resistance level.

Solana Price Collapses, But Holds On For $173

Bonk

The top ten Solana network memecoins continue to slide further, with Popcat and Wen experiencing double-digit declines.

Top Solana-based memecoins register price declines

Signs of a resurgence in the stablecoin market represents growth in liquidity and improved investor sentiment, the Bernstein analysts added.

Solana ‘leads the battle' for blockchain payments, Bernstein says

The tool has made over $5 million since going live in early March, with thousands of tokens issued daily.

Solana Meme Coin Generator Pump on Track for $66M Yearly Revenue

The meme coin Dawkoins (CRYPTO: DAW), named after renowned evolutionary biologist Richard Dawkins, has witnessed its trading volume double following a recent price dip from its all-time high. What Happened: This comes after Dawkins sent an appreciative email to Dawkoins, thanking the community for Solana (CRYPTO: SOL) based donations to his Richard Dawkins Foundation for Research and Science.

Richard Dawkins Responds To Dawkoins On SOL Donations Made To Foundation — Volume Surges 100%

Developers of the Solana blockchain network are planning to implement a fix for an "implementation bug" on April 15.

Solana Developers Aim to Address Transaction Failure Bug on April 15

Tensor's Blur-like rewards model finally pays off as NFT traders unlock their Solana tokens—and one trader got more than $1 million worth.

Solana NFT Marketplace Tensor's Token Debuts to $640 Million in Trading Volume

A widely followed trader believes that Solana (SOL) is in a position to massively outperform its rival Ethereum (ETH). Seasoned trader Peter Brandt tells his 723,800 followers on the social media platform X that the SOL/ETH chart is now trading very close to a key resistance level.

Veteran Trader Peter Brandt Sees Prospect of Solana Doubling in Value Against Ethereum – Here's His Forecast

Fantom

Fantom (FTM) co-founder Andre Cronje says the Solana (SOL) network is a victim of success as the smart contract platform faces criticisms due to congestion issues. In a post on social media platform X, Cronje says that Solana's recent outages are only because of its rising user activity and popularity.

Fantom (FTM) Founder Andre Cronje Shows Support for Solana Amid Network Congestion Issues

The Solana (CRYPTO: SOL) network is grappling with significant congestion problems, causing delays and transaction failures. What Happened: According to a report by The Block, the Solana network is currently experiencing severe congestion issues, an issue largely attributed to a spike in spam transactions and a notable increase in meme coin activity on the platform.

News for Solana Crypto (SOL)