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

Cardano

XRP, Solana, and Cardano have each experienced a roughly 6% price decline amid broader macroeconomic pressures

Ripple, Solana, Cardano: How Will Trump Tariffs Impact Their Tokens?

Colossal Biosciences, a Dallas-based biotech firm, claims to have revived the dire wolf using ancient DNA and gene-editing technology.

Dire Wolf Cloning Sparks $13.6M Surge in Solana Meme Coin as Colossal Unveils Gene-Edited Pups

Artificial intelligence (AI)-powered commercial real estate firm Janover, Inc. is announcing that it has raised approximately $42 million through an offering of convertible notes and warrants from multiple investors, including Pantera Capital, Kraken, and Arrington Capital.

Ex-Kraken Execs Acquire Real Estate Firm, Begin Accumulating Crypto Assets for Treasury Starting With Solana

Ethereum-based M^0 stablecoin platform expands to Solana in the latest showcase of its "chain-agnostic" approach to digital dollar deployments.

‘Chain agnostic' M^0 stablecoin middleware platform expands to Solana, teams with KAST neo-bank on latest M token extension

The new token extensions enable users to confidentially shield balances, transfer tokens and mint or burn assets.

Solana developers launch new ‘Confidential Balances' token extensions to improve onchain privacy

Meme coin traders are howling at the moon over tokens linked to Colossal Biosciences' “revival” of the extinct breed.

Dire Wolf Solana Meme Coin Soars to $13.6M Market Cap After ‘De-Extinction'

The Solana infrastructure firm now holds over 267,000 SOL, with nearly all of it staked across its growing validator network

Ex-Valkyrie CEO Leah Wald's SOL Strategies Bought 24,000 SOL in March

Janover, Inc. (NASDAQ: JNVR) announced the successful raising of approximately $42 million through a private offering of convertible notes and warrants, with participation from notable investors including Pantera Capital, Kraken, and Arrington Capital. The convertible notes, which accrue interest at a rate of 2.

Janover Raises $42 Million to Focus on Solana Treasury Strategy

“No one from the MELANIA team has addressed this. Not the movements.

Melania Solana Meme Coin Team Quietly Dumps $30 Million in Tokens: Bubblemaps

Ethereum

Closely followed crypto analyst Jason Pizzino is warning that XRP and other top altcoins most likely have further to fall. In a new post to the social media platform X, Pizzino tells his 131,000 followers that, despite being down 20% in the last month, XRP's skid is not finished.

Here Are Downside Price Targets for XRP, Solana (SOL) and Ethereum (ETH), According to Analyst Jason Pizzino

Solana (CRYPTO: SOL) plunged below the key $100 threshold Monday, hitting an intraday low of $96.99 as investors fled risk assets amid an escalating global trade war and growing fears of a financial crisis. At the time of writing, SOL is trading at $106.25, down over 7% in the past 24 hours and more than 22% in the last month.

Why Is Solana Down Today? SOL Plunges Below $100 As Traders Brace for More Pain

The price of Solana (SOL) has held above the $110 support at the bottom of the chart.

Solana Bounces Off The $110 Support Level

"The uncertainty dragged Solana and Ethereum into a steep downtrend," an expert told Decrypt, saying current trading "smells of profit-taking."

Ethereum, Solana, Cardano Plunge Double Digits as Crypto Market Rout Deepens

Bitcoin

Crypto Daybook Americas: XRP, SOL Lead Drop as Bitcoin, Equities Slide in Tariff-Fueled Wipeout

Dogecoin

“We expect crypto markets to dip once US markets open,” one trader said.

Crypto Sell-Off Worsens With XRP, SOL, DOGE Down 20%, Traders See More Pain Ahead of US Open

Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash

Serious Crash Fear As Sudden $1.3 Trillion Crypto Price Meltdown Hits Bitcoin, Ethereum, XRP, Solana And Dogecoin

A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.

XRP, SOL Nosedive 14% as Crypto Bulls Rack $800M Liquidations

Chainlink

Paypal has announced the expansion of its cryptocurrency offerings with the addition of chainlink (LINK) and solana ( SOL) for users of both Paypal and Venmo. Starting in the coming weeks, users will be able to buy, hold, sell, and transfer these new tokens directly within their accounts.

Paypal and Venmo Expand Cryptocurrency Offerings With Chainlink and Solana

Solana defied the crypto market doldrums and surged by more than 5% on Friday after the retail payment giants PayPal and Venmo rolled out support for SOL.

Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK)

 The move expands PayPal and Venmo users' access to major cryptocurrencies amid growing regulatory clarity in the U.S.

PayPal Pushes Further Into Crypto by Adding Chainlink and Solana as New Offerings

PayPal's embrace of crypto is growing again, with the ability to buy, sell, hold, and transfer Solana and Chainlink coming soon.

Solana, Chainlink Support Coming to Both PayPal and Venmo

Investment giant Grayscale is filing to rename its prospective Solana (SOL) exchange-traded fund (ETF) while removing staking from the trust. In a new S-1 Filing with the U.S. Securities and Exchange Commission (SEC), Grayscale says it intends to rename its previously filed trust, Grayscale Solana Trust, to Grayscale Solana Trust ETF.

Grayscale Files S-1 Form With SEC for Solana ETF Without SOL Staking Function

Grayscale Investments said on Friday it has filed an application with U.S. regulators for an exchange-traded fund aimed at a Solana blockchain, as the cryptocurrency asset manager looks to tap into the increasing momentum around bitcoin alternatives.

Grayscale files for Solana ETF amid rising interest in bitcoin alternatives

Avalanche

Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level that could determine its price direction over the near term. Martinez tells his 134,800 followers on the social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.

Crypto Trader Says Dogecoin Is at a Critical ‘Make-or-Break' Level, Updates Outlook on Solana and Avalanche

The price of Solana fell to a 13-month low on Thursday.

News for Solana Crypto (SOL)