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

Ethereum

Dozens of new crypto tokens themed after internet services company CrowdStrike and the popular Microsoft “Blue Screen of Death” (BSoD) error were issued on Ethereum and Solana blockchains amid a reported global internet outage that has impacted several real-world services.

CrowdStrike, Windows BSoD Meme Tokens Populate Solana and Ethereum Amid Global Internet Outage

Bitcoin

The company also added Solana and Core to its balance sheet for the first time, calling them “complements” to Bitcoin.

DeFi Technologies Doubles Bitcoin Treasury Holdings and Adds Solana and Core

Leading overnight gains are SOL with a 2.5% increase and ETH up by 1.3%.

CoinDesk 20 Performance Update: SOL and ETH Lead Advancers as Index Stays Flat

The disconnect between transaction volume within the network and the market capitalization of SOL raises questions.

As Solana activity soars thanks to memecoins, its market cap remains grounded

The price of Solana (SOL) has recovered and risen above the moving average lines.

Solana Gains Momentum Again Above The $155 Mark

A closely followed analyst thinks Solana (SOL) may be repeating a pattern witnessed three years ago before the smart contract platform surged to its all-time high.

‘Time Is a Flat Circle' – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally

The firm now holds $14 million worth of SOL — up from “nil” just months ago.

Cypherpunk Holdings ‘significantly' ups its Solana holdings

Online vendors in the region can reportedly now add a widget on their sites for users to purchase cryptocurrencies.

Stripe enables Bitcoin, Ether and Solana crypto purchase options in EU: report

Solana (CRYPTO: SOL) is well-positioned against Ethereum (CRYPTO: ETH), according to the analysis of a prominent industry expert. What Happened: According to Coin Bureau CEO and co-founder Nic, Solana is already outperforming Ethereum.

Solana 'No Longer In Ethereum's Shadow, SOL Could Outperform ETH,' Says Expert

The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.

Meme Coins Outperform BTC, ETH and SOL as Traders Rotate Holdings

SOL's months-long triangular price consolidation could bring good news for the bulls.

Crypto Traders Search for Clues in Solana's Triangle Pattern

Influential cryptocurrency analyst Ali Martinez predicts a bullish run for Solana (CRYPTO: SOL), often touted as an ‘Ethereum (CRYPTO: ETH) killer,' amid growing market optimism around the digital asset. What Happened: On Monday, Martinez posted his optimistic prediction for Solana on X, formerly Twitter.

'Ethereum Killer' Solana Could Soar To $174, Says Popular Crypto Analyst After Identifying This Bullish Pattern

Solana (SOL) has seen a 3.8% increase over the past 24 hours as the market rallies following the failed attempt to assassinate former President Donald Trump.

Solana and SOL-Based Memecoins Surge Amid Market Upturn Following Trump Assassination Attempt

Solana (CRYPTO: SOL) could reach 50% of Ethereum's (CRYPTO: ETH) valuation in this cycle if trader's latest price predictions come true. What Happened: Syncracy Capital's Daniel Cheung stated that with Solana closing the week on a bullish note, it is looking exciting again.

Solana Up 7% And Could Get To 50% Of Ethereum's Valuation As 'Most Liquid Election Proxy In Crypto,' Trader Says

After suffering third degree burns to pump his meme coin, DARE, the Solana dev is planning a world tour and aiming to climb Mount Everest.

Solana Dev Who Burned Himself Plans to Climb Mount Everest for Next Dare

Solana meme coins skyrocketed amid the German government emptying its wallets and the failed Trump assassination attempt.

Solana Climbs 4% While Popular Meme Coins Billy, Michi and Popcat Soar

Grass, an artificial intelligence (AI) based web crawling project that uses the Solana network, has announced the end of its closed beta version with its final epoch.

Solana Based AI Project Grass Announces Final Epoch of Closed Beta

A popular crypto trader and analyst thinks one Ethereum (ETH) rival is gearing up for a strong finish in 2024.

Trader Says Top-10 Altcoin To Have a Strong Run in the Fourth Quarter, Updates Outlook on Celestia and Render

Renowned crypto trader DonAlt is considering stepping away from active trading, citing disillusionment with the current state of the cryptocurrency market. What Happened: In a recent episode of the popular “Casual Friday” podcast, Don revealed his plans to wind down his trading activities while expressing a desire for “one last bullish trade” to end on a high note.

Top Crypto Trader Contemplates Retirement, Looks For 'One Last Bullish Trade' On Bitcoin, Ethereum, Solana

A popular crypto trader thinks one Ethereum (ETH) rival is primed to perform well over the coming months.

Trader Says Ethereum Rival To Perform Well Over Coming Months, Updates Outlook on Bitcoin and Celestia

Firedancer, a cutting-edge validator client for the Solana blockchain developed by Jump Crypto, successfully built its first accepted block on the Solana testnet this Wednesday.

Solana's Firedancer Validator Client Achieves Milestone on Testnet

A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval.

Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

The price of Solana (SOL) has improved but remains trapped between the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.

Solana Trades In A Range As It Challenges The High Of $155

Bonk

Popular dog-themed token Bonk (CRYPTO: BONK) turned out to be one of the best-performing memecoins Tuesday, while the native currency of its parent blockchain, Solana (CRYPTO: SOL), also traded in the green. What Happened: Bonk surged more than 7% in the last 24 hours, taking its gains since the beginning of this week to 27%.

Bonk Outperforms Meme Segment With 7% Spike, Parent Chain Solana Continues To Remain In The Green

A long-term measure of solana sentiment, calculated by The Tie, declined to its lowest value since December 2023 today.

News for Solana Crypto (SOL)