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

Bitcoin

Ethereum

A closely followed crypto analyst is sharing his price targets for Bitcoin (BTC) and four other digital assets. Pseudonymous analyst Inmortal tells his 201,000 followers on the social media platform X that Bitcoin could soar by more than 255% from its current value in the next bull market.

Trader Unveils Bull Market Price Targets for Bitcoin, Ethereum, Solana and Two Additional Altcoins

Dogecoin

Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.

Bitcoin Faces Headwinds As ETF Optimism Stalls; DOGE, SOL Give Back Gains

Bonk

The Solana (CRYPTO: SOL) ecosystem's meme coin BONK (CRYPTO: BONK) surged by 1700% in the past month, becoming the biggest gainer among meme coins, surpassing even Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) gains. What Happened: BONK on Monday hit an all-time high of $0.00000539.

This Solana-Based Meme Coin Soars By 1700% In 30 Days, Zooming Way Ahead Of Dogecoin, Shiba Inu

Polygon

A trader who nailed the floor price of Bitcoin (BTC) during the 2018 bull market believes Solana (SOL) and Polygon (MATIC) are about to witness bursts to the upside.

Top Trader Predicts Imminent Rally for Solana (SOL) and Polygon (MATIC) – Here Are His Targets

Granted, BONK promptly fell 29% after hitting that peak, but the Solana meme coin has still doubled in price over the past week.

BONK Goes Boom: Solana Meme Coin Soars 1,700% in 30 Days to Hit All-Time High

Digital assets manager CoinShares says institutional crypto products saw heavy inflows across the board last week for the eighth consecutive week. In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors are continuing to up their allocations to crypto with Solana (SOL) investment products leading the way for altcoins.

Solana (SOL) Leads Institutional Altcoin Investments As Crypto Markets See Eight Straight Weeks of Inflows: CoinShares

The team behind SolanaFM thinks the new block explorer will be more accessible.

Solana's Latest Block Explorer Shoots for Simplicity

Cardano

Polkadot

A closely followed crypto analyst says that one decentralized finance (DeFi) altcoin is setting the stage to revisit its all-time highs.

Analyst Says DeFi Altcoin Gearing Up To Revisit All-Time Highs, Updates Outlook on Solana, Cardano and Polkadot

Crypto funds recorded $176 million in inflows, marking eight consecutive weeks of growth as their share of total crypto volume rises.

Crypto funds inflow streak continues, adding $176 million led by bitcoin and solana

Despite the recent decline, the price of Solana (SOL) is above the moving average lines. Solana price analysis by Coinidol.com.

Solana's Price Uptrend Is Unstable As It Retests The $70 High

A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that's currently under the radar.

Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin

The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed to honor 955,000 distinct Solana wallets that engaged with Jupiter, acknowledging their role as early adopters.

Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets

New data reveals that crypto whales are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE) and XRP.

Whales Move Over $880,000,000 in Bitcoin, Solana, XRP and Dogecoin – Here's Where the Crypto's Headed

Dog-themed cryptocurrencies, or dog coins, are currently outperforming the broader crypto market. The list includes Dogecoin (CRYPTO: DOGE), Floki (CRYPTO: FLOKI), Solana-native dog coin Bonk (CRYPTO: BONKI) and Shiba Inu (CRYPTO: SHIB).

Rally Alert: Solana Dog Token BONK Leads Dog Coins Surge — Will The Rally Peak Further?

Mad Lads has surged to become the leading Solana NFT project based on floor price—briefly topping DeGods on Ethereum too.

Solana's Top NFT Project Just Pumped 122% in a Week

Ethereum has dipped below $2,000 again—but the original meme coin is pumping.

DOGE Go Up: Ethereum and Solana Hit Hard By Sell-Off—But Dogecoin Makes Gains

The DEX aggregator is giving away 4 billion JUP tokens.

Nearly a Million Solana Wallets Are Eligible for Jupiter Airdrop

"If you look at Ethereum it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum," Wood pointed out.

Why Cathie Wood Is Bullish on Solana

Users across 27 blockchains are eligible for the massive drop, which kicks off Monday.

How to Claim the Pyth Airdrop for Ethereum, Solana, Aptos Users

Bankman-Fried's favored cryptocurrency has nearly doubled in recent weeks. Along with gains in bitcoin and other assets, the crippled exchange now seems to have sufficient funds to meet small-investor claims.

FTX Gets $1.8 Billion Boost From Soaring Solana And Bitcoin, Easing Path To Full Customer Payouts

The first phase of the airdrop will give one billion tokens to eligible Jupiter users with a minimum of $1,000 swap volume.

Jupiter unveils airdrop to over 950,000 wallets on Solana

Blockchain security company CertiK has identified a bootloader vulnerability in Solana's Saga phone, which represents Solana's inaugural Android device.

Solana Denies Certik's Claims Vulnerabilities on the Solana Saga Mobile Phone

Avalanche

Ethereum's native cryptocurrency, Ether (CRYPTO: ETH), has made a promising leap in the past 24 hours. What Happened: After a stumble that nearly brought the world's largest crypto down to $1,900, Ether has surged by more than 3% in the last 24 hours, reclaiming its stance above the $2,000 threshold and hovering close to $2,060.

Avalanche Or Solana, Which Of These Ethereum Killers Has Given Superior Returns This Year

Amid the rally in altcoins, Solana (CRYPTO: SOL) emerged as a top performer as investors saw value in the token. In September, Visa announced revolutionizing cross-border payments with Solana.

Solana Hits Year-High Level, ARK Invest's Cathie Wood Prefers Solana Over Bitcoin, Ethereum

Top performing among blue-chip cryptocurrencies, Solana continues to gain momentum, up more than 50% over the last week.

News for Solana Crypto (SOL)