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

Meme coin traders have still found opportunities to flip a profit on these Solana meme coins amid major market turmoil—even while the vibes are way down.

Degens Are Flocking to These Solana Meme Coins Amid Crypto Market Turmoil

A closely followed analyst known as a “Master Trader” on the crypto exchange Bybit is warning that Solana (SOL) has printed a market reversal signal similar to what was witnessed during the 2021 cycle.

‘It's Over' – Trader Issues Dire Solana Warning, Says SOL Flashing Same Bearish Signal As 2021 Meltdown

Bitcoin

A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP is in a precarious spot as the coin struggles to stay above a key price level. Pseudonymous analyst DonAlt tells his 640,100 followers on the social media platform X that XRP has lost its immediate support at $2.

Analyst Warns XRP Holders Might Witness Short-Term Pain, Updates Outlook for Bitcoin and Solana

Dogecoin

Crypto prices are crashing as President Trump suggests "pain" ahead for Americans in his brewing trade war, with Bitcoin under $97,000.

XRP, Solana and Dogecoin Crash as Trump's Trade War Knocks Bitcoin Under $97K

The SEC has placed an importance on regulated futures markets for past crypto ETF approvals.

Crypto ETF Floodgates Will Open If SEC Crosses Regulatory 'Rubicon' for XRP, Solana and Dogecoin: Analyst

Stablecoin supply on the Ethereum (ETH) rival Solana (SOL) has surged in the past couple of weeks after the rollout of President Donald Trump's Official Trump (TRUMP) memecoin, according to the crypto research firm CCData. CCData notes in a new report that Solana's stablecoin supply has ripped by 73.

Stablecoin Supply on Solana (SOL) Skyrockets Following Trump Memecoin Launch: CCData

A widely followed cryptocurrency trader is turning bullish on Solana (SOL) while expressing his reservations about the Ethereum (ETH) competitor.

Trader Says Ethereum Rival Solana Primed To Go Higher After Bouncing off Must-Hold Level – But There's a Catch

This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network

Solana Saw 112% Surge in Stablecoin Supply in January With TRUMP Memecoin Frenzy: CCData

The crypto exchange aims to launch $25,000 SOL derivatives, betting on institutional appetite as the token's volatility soars.

Coinbase Eyes Solana Futures Launch as It Ramps Up Derivatives Push

Alternative ride-sharing app Teleport was founded in 2022, and raised $9 million, amid a surge in interest in "dePIN" projects.

Solana-based ridesharing app Teleport is shutting down

Hedera

Coinbase is looking to list the futures as soon as Feb. 18, it said in the filing.

Coinbase Files Paperwork To List Solana, Hedera Futures

The exchange is looking to list these new contracts, which will be cash-settled on a monthly basis, on or after Feb. 2025.

Coinbase files to list Solana and Hedera futures on its derivatives trading platform

After UFC's Instagram was hacked to promote a pump-and-dump Solana meme coin scam, the attackers got away with $1.4 million in profit.

UFC Instagram Hack Pummels Buyers of Illegitimate Solana Meme Coin

The controversial Solana-based memecoin launchpad Pump.fun has deposited $407 million worth of SOL into the crypto exchange Kraken in the past year, according to the digital asset tracker Lookonchain. Lookonchain also notes that Pump.fun, which launched in January 2024, sold 264,373 SOL for $41.64 million worth of the stablecoin USDC.

Pump.fun Deposits $407,000,000 Worth of Solana (SOL) to Kraken in Last Year: Lookonchain

Ethereum

The SEC fined Kraken $30 million back in 2023 and forced it to shut down a similar staking product for U.S. customers.

Crypto Exchange Kraken Launches New Staking Business for Ethereum, Solana

"We want crypto DeFi to expand access to institutional-quality products," said Apollo Partner Christine Moy.

Apollo and BlackRock-backed Securitize launching access to tokenized credit fund on various chains like Solana, Ethereum

A Venmo co-founder, Iqram Magdon-Ismail, and early investor have launched a Solana token to support a future video app.

Venmo Founder's JELLYJELLY Solana Token Surges to $250 Million Market Cap

Peru's sol has become Latin America's most stable currency, shaking off political turmoil in the nation that's had five presidents in as many years and seen deadly protests.

Peru's dollar mountain lets sol currency shine among Latam peers

The index, comprising 13 assets, aims to provide a standardized benchmark for U.S.-focused crypto investment strategies.

GMCI launches index to track US-based crypto protocols like SOL, DOGE and more

January made for an auspicious start to 2025. While policy and tax were top of mind, market action buoyed cryptocurrency markets.

Solana's Meteoric Month: Spot ETF Looms As Stablecoin Supply Soars

Cryptocurrency exchange OKX says “Solana's meteoric ascent redefined the potential of Web3,” in its 2025 “State of DEXs” report.

Report: ‘Solana Is Drinking the Ethereum Milkshake'

Popular crypto wallet Phantom has launched support for Sui, which joins the likes of Solana, Bitcoin, and Ethereum in the app.

Popular Solana and Bitcoin Wallet Phantom Adds Sui Support

On-chain analytics provider Santiment data published its January report, looking back at the performance of major cryptocurrencies like Bitcoin (CRYPTO: BTC), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP). What Happened: January brought extreme volatility to crypto, largely fueled by the inauguration of Donald Trump as the 47th U.S. president.

Bitcoin, Solana, XRP With Strong Month But Challenges Await: Report

A closely followed analyst who continues to build a following with timely crypto calls thinks Solana (SOL) is gearing up for a rally to a fresh record high. Pseudonymous trader Bluntz tells his 313,400 followers on the social media platform X that he thinks Solana has completed an ABC correction on the four-hour chart.

Analyst Says Solana en Route to New All-Time High, Outlines Potential End-of-Cycle Surge for Bitcoin

The equities market operator is seeking a green light from the SEC again after addressing concerns the regulator raised last year.

News for Solana Crypto (SOL)