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

Cardano (ADA) co-creator Charles Hoskinson is giving a shoutout to one of Solana's (SOL) biggest competitors. Posting to his 979,000 followers on the social media platform X, Hoskinson says that layer-1 platform Sui (SUI) is earning its spot in the crypto ecosystem. “Reading about Sui. It's good to see George's work come to life.

Cardano's Charles Hoskinson Says Solana Rival Offering ‘Real Innovations' and Deserving Great Success in Crypto

Mikol was hospitalized with third-degree burns after setting himself on fire for his meme coin. Now, five months later, he's done.

Solana Dev Quits Project He Set Himself on Fire to Pump

One “emerging trend” could potentially give Solana (SOL) an edge over Ethereum (ETH) in the war for smart contract supremacy, according to an analysis from the digital asset banking group Sygnum. The bank acknowledges in a new report that Solana has some overstated volume metrics and only a small portion of Ethereum's market share.

One Emerging Trend Could Give Solana an Edge Over Ethereum in the Battle for Layer-1 Dominance: Sygnum Bank

Curve DAO Token

A widely followed cryptocurrency analyst and trader is turning bullish on a top Ethereum (ETH) rival while offering his insight on XRP and decentralized finance (DeFi) protocol Curve DAO (CRV).

Crypto Trader Flips Bullish on One Large-Cap Ethereum (ETH) Competitor, Updates Outlook on XRP and Curve (CRV)

The company formerly known as Cypherpunk Holdings has bought more Solana tokens with capital recovered from FTX.

Leah Wald's Sol Strategies reinvests FTX windfall in Solana

Solana (SOL) is trading lower after reaching resistance at $160. Since the August 5 price drop, the cryptocurrency has been trading above the $120 support but below the moving average lines or resistance at $160.

Solana's Slide Eases And Hovers Above $140

An influential member of the Solana (CRYPTO: SOL) developer ecosystem has openly challenged renowned whistleblower Edward Snowden to prove his claims about the blockchain's centralization, sparking a heated debate in cryptocurrency circles. What Happened: Mert Mumtaz, CEO of Solana-based developer platform Helius, took to X to challenge Snowden's assertion that Solana is a centralized network and asked him to provide concrete data to back the claim.

Edward Snowden Under Fire: Solana Developer Challenges NSA Whistleblower — 'You Are Full Of Baloney' If You Can't Back Up Your Centralization Claims!

Whistleblower Edward Snowden took aim at Solana, renewing an old debate—and prompting SOL believers to defend the network.

Edward Snowden Slams Solana Over ‘Centralization'—And SOL Devs Are Pushing Back

Solana's total value locked has reached approximately $5.5 billion, a multi-month high, according to DefiLlama.

Solana's TVL increase and institutional engagement point to bullish October: analysts

Bitcoin

Ethereum

Robinhood Markets Inc.'s (NASDAQ:HOOD) cryptocurrency division launched crypto transfers for its European customers on Tuesday. This new feature allows users to deposit and withdraw over 20 different cryptocurrencies.

Robinhood Markets Launches Crypto Transfers In Europe, Enabling Bitcoin, Ethereum, And Solana Transactions With 1% Deposit Match For A Limited Time

Closely followed economist and trader Alex Krüger says that Solana (SOL) exceeding the market cap of Ethereum (ETH) isn't as farfetched as many investors believe. In a new discussion on the Unchained podcast, Krüger addresses Multicoin Capital managing partner Kyle Samani's perspective that Solana will eventually flip Ethereum.

Economist Alex Krüger Says Solana (SOL) Flipping Ethereum (ETH) ‘Very Feasible' – Here's Why

A prominent cryptocurrency commentator predicted a significant price surge for Solana (CRYPTO: SOL), expecting as much as 5x return by the end of 2025. What Happened: MartyParty, a widely-followed cryptocurrency influencer who also happens to be a music artist, said in an X post Sunday that Solana has been organically consolidating at $150 for 225 days.

Solana To Skyrocket 5X By Q4 2025? Analyst Says: 'Project Has The Best Chance Of Delivering The Second Internet'

The entities behind Solana DeFi platform Mango Markets have settled securities charges with the SEC following a lengthy investigation.

Solana DeFi Platform Mango Markets Settles SEC Charges Over MNGO Token

Real Vision analyst Jamie Coutts believes that the crypto market could finish out the year with strong rallies. Coutts says that the TOTAL3 chart on the weekly timeframe appears to be breaking out of a descending trend line and printing a bull reversal pattern.

Analyst Jamie Coutts Says Fourth Quarter Could ‘Get Wild' for Crypto, Updates Outlook on Solana Rival Sui

Fantom

A widely followed trader is leaning bullish on a mid-cap Real World Asset (RWA) token while offering his insight on three other altcoins.

Trader Predicts Record High for Real-World Asset (RWA) Token, Updates Outlook on Solana, Fantom and dogwifhat

USDT's anticipated integration into the Lightning Network has been a topic of discussion among crypto enthusiasts for years. Despite the evident advantages Lightning offers—such as instant, low-cost transactions—USDT's transition to this layer has been over and again stalled.

Speed Wallet Launches USDT on Lightning to Compete With Ethereum, TRON and SOLANA

Mawari Network, a Solana DePIN focused on spatial computing, has raised $10.8 million in strategic funding.

Solana DePIN Mawari Network raises $10.8 million in new funding

A new report projects that Solana (CRYPTO: SOL) could see its market value surge to $330, capturing 50% of Ethereum's (CRYPTO: ETH) market cap. What Happened: The report by MarketVector, a thematic index provider backed by VanEck, highlights Solana's superior performance metrics and suggests that the cryptocurrency is significantly undervalued compared to Ethereum, presenting a major investment opportunity.

Solana Could Reach $330, Capturing 50% of Ethereum's Market Cap, Says MarketVector Report

The co-founders of Hivemapper, Helium and Helio discuss projects on the Solana blockchain and bringing crypto to real life.

DePIN players Hivemapper, Helium, and Helio chart real-life crypto path on Solana

A Solana-based meme coin boosted by Moo Deng, a viral pygmy hippo native to Thailand, saw its market cap surge to over $80 million in less than two weeks.

Viral Sensation Moo Deng Solana Meme Coin Surges to $80M Market Cap

Shiba Inu

The cryptocurrency market is set to enter the last quarter of the financial year, and memecoins have already been the star performers. What happened: A plethora of tokens inspired by dogs and cats have netted massive returns to their holders year-to-date.

Solana Memecoins Popcat and Dogwifhat Are Soaring In 2024 — One Even Surged 12882% But Why Are Ethereum-Based Shiba Inu And Floki Lagging?

The internet's favorite baby pygmy hippo has gone viral and inspired meme coin that's already soared past a $70 million market cap.

Moo Deng Solana Meme Coin Blasts Past $70M Market Cap in Two Weeks

The price of Solana (SOL) is in an uptrend after rising above the moving average lines on September 19.

Solana Recovers But Fails To Break Above The $152 Barrier

Hedge fund veteran and former White House Press Secretary Anthony Scaramucci says that Ethereum's (ETH) biggest rival will play a major part in the “layer-1 blockchain financial revolution.

Skybridge Capital's Anthony Scaramucci Says Solana To Play Major Role in $7,000,000,000,000 Financial Revolution

Top US-based crypto exchange Coinbase says its wrapped version of Bitcoin (BTC) is coming to the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Coinbase executive Hasan Ahmed says the crypto exchange is introducing Coinbase Wrapped Bitcoin (cbBTC) to the Ethereum (ETH) competitor's blockchain.

News for Solana Crypto (SOL)