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

A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps).

Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance

The host of the InvestAnswers YouTube channel believes that one crypto project running on the Solana (SOL) network will go on a bullish rampage. The InvestAnswers host tells his 472,000 YouTube subscribers that the decentralized exchange (DEX) aggregator Jupiter (JUP) could surge by “somewhere between a 4x and an 8x to be conservative.

Brand New Solana-Based Altcoin ‘For Doing Everything' To Explode by up to 700%, According to InvestAnswers

One measure of solana sentiment recently attained its loftiest value since late 2021, when the cryptocurrency's price reached its pinnacle, according to The Tie.

Solana Sentiment Recently Reached Its Highest Since 2021, Says The Tie

If you're a Solana O.G. who has traded NFTs on Magic Eden since way back in 2021, you are eligible for this Diamond rewards drop.

Did You Trade Solana NFTs During the 2021 Bull Run? Magic Eden Has Something for You

Just like the meme stock of the same name, the GME tribute coin based on GameStop is falling hard after this week's spikes.

GME Crash: GameStop Tribute Meme Coin on Solana Plunges 52%

A Navigating Narratives report by K33 Research, led by DeFi analyst David Zimmerman, outlines the crypto trading strategies for investors in Bitcoin (CRYPTO: BTC) and altcoins post the Spot Bitcoin ETF approval. What Happened: The report notes that the Spot Bitcoin ETF approval was a "sell-the-news" event, breaking the market uptrend.

Report Outlines How To Trade Today's Altcoin Market: 'SOL Will Be Our Main Focus'

New network addresses on the Solana blockchain have reached an all-time high, according to The Block's Data Dashboard.

Solana registers all-time high in monthly new addresses for January

One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.

Jupiter's JUP Rallies On With Solana Supporters Leading the Charge

The game, developed by studio GG.zip, has attracted over 133,000 Twitter followers.

'Solana Hunger Games' Launch Goes Viral Among Crypto Enthusiasts

Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter's JUP Token Airdrop Distributes to Nearly a Million Users The cryptocurrency world witnessed one of the largest token airdrops in its history on Jan.

Jupiter's JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain

Bonk

BONK DAO is writing a $500,000 check for the venture fund of Colosseum, Solana's new hackathon organizer.

The Biggest BONK Whale Just Invested in 'Ycombinator for Solana'

Bitcoin

The respected crypto authority predicts a significant rally for Solana (SOL) amid brewing banking sector challenges.

Bitcoin Billionaire Arthur Hayes: It's Time to ‘Get Back on the Solana Train'

Ethereum

Clusters will be designed to support human readable domain names across multiple blockchains, while relying on LayerZero's technology.

Delegate, LayerZero to launch naming protocol ‘Clusters' on Ethereum, Solana and other chains

Balaji Srinivasan has suggested Decentralized Autonomous Organizations (DAOs) on the Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) blockchains as viable alternatives for companies considering incorporation, following Elon Musk's legal challenges in Delaware. What Happened: This comes as Musk shared an opinion post published in the Wall Street Journal titled: ‘Delaware Is Trying Hard To Drive Away Corporations'.

Elon Musk's Delaware Setback Opens Door For Srinivasan's Ethereum, Solana DAO Proposal

A crypto analyst who accurately called Bitcoin's (BTC) price floor during the 2018 bear market is suddenly flipping bearish on Solana (SOL). Pseudonymous analyst Bluntz tells his 239,000 followers on the social media platform X that Solana is flashing multiple bearish signals on the daily chart after rallying to a seven-day high of around $106.

Top Analyst Warns Solana Flashing Bearish Signals, Updates Forecast on Sei and One Dogecoin Rival

Jupiter is seeing surging trading action amid the JUP airdrop on Solana—and it's way ahead of Ethereum's Uniswap V3.

Solana's Jupiter Hits $1.2 Billion in Daily Volume, Outpacing Uniswap on Ethereum

The GameStop meme stock craze has given way to a GME tribute coin on Solana—and it's still rising and rising.

GME 2.0? 'GameStop' Meme Coin on Solana Keeps Pumping

Top US crypto exchange Coinbase is listing another Solana-based (SOL) altcoin as the Ethereum (ETH) rival's ecosystem heats up. In a new announcement, Coinbase says it is adding Render (RNDR) to its “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets.

Crypto Exchange Coinbase Puts Solana-Based Altcoin on Listing Roadmap

The top Solana-based decentralized exchange (DEX) aggregator Jupiter has launched its new JUP token, going live at just under a $1 billion market cap.

Highly Anticipated Jupiter (JUP) Airdrop Goes Live on Solana With $1,000,000,000 Market Cap

Validators called the airdrop a success. "Surprisingly, nothing notable" broke, one operator said.

Jupiter's JUP Token Soars After Massive $700M Airdrop to Solana Wallets

Jupiter's massive airdrop is underway, and so far Solana is running relatively smoothly despite the immense demand for JUP.

JUP Up Over 70% as Solana Holds Steady for Jupiter Airdrop

The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.

Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply

Solana sees resurgent interest and activity as traders anticipate launch of new Jupiter token.

Solana Network Usage Surges as Traders Bet on Continued Growth

Chainlink

Polygon

Arbitrum

Polkadot

A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins including Solana (SOL), Chainlink (LINK) and Polygon (MATIC). Analyst Michaël van de Poppe tells his 692,000 followers on the social media platform X that the native asset of the smart contract platform Solana looks primed for a move to the upside.

Analyst Predicts Rallies for Solana, Chainlink, Polygon and Two Additional Altcoins – Here Are His Targets

SOL is back above $100 as various Solana network metrics spike ahead of Wednesday's Jupiter (JUP) token launch.

News for Solana Crypto (SOL)