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

Etherscan, Ethereum's (ETH) blockchain data explorer, has acquired its counterpart in the Solana (SOL) ecosystem, Solscan. Solscan launched in 2021 and has served more than 3 million monthly users since then, according to a press release announcing the acquisition.

Ethereum Blockchain Data Platform Etherscan Acquires Solana Ecosystem's Block Explorer Solscan

Bitcoin

Bitcoin BTC has bounced back from a flash crash, helping the price of smaller coins ethereum, XRP XRP and solana recover as hype over a bitcoin spot exchange-traded fund (ETF) leak returns.

Huge $1.5 Trillion ETF ‘Snowball Effect' Prediction Triggers Sudden Bitcoin Price Surge—Boosting Ethereum, XRP And Solana

The Solana Foundation, the institution in charge of managing initiatives related to the Solana network, has announced it will expand to Brazil. According to local reports, the organization plans to launch a local team and invest over $10 million in several Web3 fields, including tokenization, artificial intelligence, and art.

Solana Foundation Plans Expansion to Brazil With Over $10M in Investments

A crypto strategist who nailed the Bitcoin's (BTC) price floor during the 2018 bear market thinks Solana (SOL) is gearing up for a steep move to the upside. Pseudonymous analyst Bluntz tells his 234,400 followers on the social media platform X that Solana appears to be forming a bullish reversal pattern on the one-hour chart.

Analyst Predicts ‘Mind-Blowing' Parabolic Leg for Solana, Names One Altcoin That Could Outperform Other Coins

Solana has experienced an insane surge in its total value locked (TVL). The increase was modest at first.

The Future of Solana's TVL Is On The Rise With The Release Of Jito

Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem.

The Protocol: Is Solana's Rebound The Real Thing?

Fears of a delay in Spot Bitcoin ETF approvals spurred the biggest cryptocurrency market dip in months. What Happened: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are down 7% and 7.6%, respectively in the past 24 hours.

Solana Plummets 14% On Heels Of Spot Bitcoin ETF Delay Rumor, $640M Liquidation Cascade

Bitcoin and crypto prices—including ethereum, XRP XRP and solana—have suddenly crashed as fears swirl the huge Wall Street bid for a bitcoin spot exchange-traded fund (ETF) could be denied.

The ‘Rug Pull Of The Decade'—Bitcoin ETF Denial Fears Suddenly Crash The Price Of Bitcoin, Ethereum, XRP And Solana

Cosmos

Dymension, a layer-1 blockchain built on Cosmos, has announced a "genesis rolldrop" of its DYM token to more than a million crypto users across various chains and projects.

Dymension Announces “Genesis Rolldrop,” Ethereum, Solana, Cosmos Users Can Claim DYM Tokens

Solana's NFT sales volume surpassed that of Ethereum in December 2023, marking the first time this has occurred.

Solana NFT Sales Overtake Ethereum for the First Time Ever in December

Jupiter's airdrop draws nearer and nearer. Here's when the Solana DEX aggregator plans to launch JUP to the community.

Here's When to Expect the Jupiter JUP Airdrop for Solana DeFi Users

Rising momentum around Solana catapulted NFT sales above Ethereum in December, according to data from CryptoSlam.

Solana NFT Sales Skyrocket, Topping Ethereum in Monthly Volume for First Time

More than a million crypto users and NFT owners across chains can now claim DYM tokens in Dymension's airdrop.

Dymension Is the Latest Airdrop for Solana, Ethereum, and Cosmos Users

Bitcoin and other major cryptocurrencies—including Ethereum, XRP and Solana—have rocketed higher as a U.S. dollar crisis has grown.

BlackRock ETF Leak Triggers Bitcoin Price Surge Past $45,000 After Goldman Sachs Issues Huge 2024 Ethereum, XRP, Solana And Crypto Prediction

The price of Solana (SOL) is falling after reaching a high of $126.66. Price analysis by Coinidol.com.

Solana Swings Below $100 On Risk Of Decline

Bitcoin BTC and other major cryptocurrencies—including ethereum, XRP XRP and solana—have rocketed higher as a U.S. dollar crisis has grown.

‘It's Going To Be Wild'—Goldman Sachs Suddenly Joins The Bitcoin ETF ‘Cointucky Derby' With Huge 2024 Ethereum, XRP, Solana And Crypto Price Prediction

Meme coin mania also slowed down this week. But investors are still interested in the potential of Bitcoin's blockchain.

This Week in Coins: Bitcoin Dips, Ordinals Mania Continues, Solana Slows

After BONK's recent boom and the ecosystem's rebound, Solana is seeing more new tokens created than ever before. Who's behind them?

Solana Is Being Flooded With Thousands of New Tokens as Traders Hunt for Next 1,000x

Solana's recent surge is not just in its price, but other metrics, be it on-chain or on Google. What caused this impressive growth?

What's Behind Solana's Recent Surge

Bonk

On Friday, the Solana (CRYPTO: SOL) ecosystem's standout token and one of this year's top-performing cryptocurrencies, BONK (CRYPTO: BONK), experienced notable gains. What Happened: Bonk (CRYPTO: BONK) has surged by 12% in the last 24 hours, bringing its 30-day increase to over 264%.

BONK's Trading Bot Revolution: Generates $4.8M Revenue, Fuels Massive Growth In Solana Ecosystem

A top crypto strategist says that one Ethereum (ETH) competitor may be setting the stage for another explosive move to the upside. Pseudonymous trader Bluntz tells his 233,800 followers on the social media platform X that Solana (SOL) appears to be in the midst of an ABC corrective pattern.

Ethereum Rival That's Exploded 900%+ Year-to-Date Primed To Go Higher, Predicts Top Trader – Here Is His Target

While Solana (CRYPTO: SOL) rallied significantly in the past week taking its position to the top fourth-ranked crypto token, now it is witnessing a drop in price amid falling Total Value Locked (TVL) and profit booking amongst traders. What Happened: Solana is currently seeing a price correction after witnessing a surge to its highest at $124.70 early this week and highest since April 2022.

Solana Below $100 With 8% Plunge Amid Drop In Total Value Locked: 'That Push Above $100 Has Turned Into A Bull Trap' Expert Says

In a week dominated by meme coins on the Solana (CRYPTO: SOL) blockchain, Silly Dragon (CRYPTO: SILLY) stole the spotlight with a meteoric rise. Silly Dragan soared to a new all-time high of $0.137 today, marking a staggering 119.11% increase over the past seven days and 23.89% in the past 24 hours, according to data from CoinMarketCap.

Solana Meme Coin Silly Dragon Slays Giants, Explodes 119%

Traders were moving capital from SOL to stablecoins suggesting profit taking, one analyst said in an interview.

Solana's SOL Dips Below $100, Slips Back Behind BNB in Crypto Ranking

A trader who started with only 1.5 SOL (worth $92) managed to make $2 million in 22 days, marking a gain of 21,715x. What Happened: According to Lookonchain data, the trader noticed the token Silly Dragon (CRYPTO: SILLY) only five minutes after it opened to trade.

News for Solana Crypto (SOL)