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

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

Bitcoin

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

Dogecoin

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.

Grayscale Files Prospectus for Solana ETF With SEC, Removes Staking

A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.

Trader Says Ethereum Competitor at a ‘Generational' Entry Point, Outlines Path Forward for Bitcoin and FLOKI

Several whales unstaked and dumped SOL worth $46.3 million into the market.

Solana's SOL Could See Nearly 6% Price Swing as Whales Dump Coins Before U.S. Jobs Data

Base architect Jesse Pollak responded to Infected's claims, saying the chain functioned as intended and the issues were due to the frontend.

Crypto Game Infected Ditches Base for Solana Over 'Demand' Issues, Pushback Ensues

President Donald Trump's recent announcement of new tariffs has sent ripples through global markets, affecting everything from traditional stocks to digital assets.

Trump's New Tariffs Shake Global Markets, Bitcoin and Solana See Major Declines

The SEC acknowledging such a filing typically means it will then be published in the Federal Register, initiating the approval process.

Fidelity's spot Solana ETF edges closer to approval as SOL slides 15% amid Trump tariffs turmoil

Cardano

Ethereum

From bitcoin as a capital preservation tool to some targeting a move toward the $70,000 level, here's how traders are reacting to U.S. tariffs.

What's Next for BTC, ETH, SOL, ADA, XRP After Trump Tariffs? Here's How Traders Playing the Dip

By the end of the year, Matcha anticipates that most decentralized exchanges and aggregators will support Solana.

0x's DEX aggregator Matcha expands to Solana with cross-chain support and plans to help users avoid memecoin rug pulls

Investors' unease in the crypto market mirrored a tumultuous trading session on Wall Street, with Bitcoin, Solana, and other assets falling.

Bitcoin and Dogecoin Dive, Solana Hits 13-Month Low as Trump Tariffs Shake Markets

Chainlink

PayPal users in the United States and U.S. territories can buy Solana and Chainlink directly on the platform for the first time.

PayPal activates native Solana and Chainlink support for users in US territories

Experts warn rising hardware costs could squeeze U.S. miners, while others speculate the government may use new tariff revenues to acquire Bitcoin.

Crypto markets fall after Trump lays out sweeping reciprocal tariffs; Ethereum, Solana drop 6%

Bitcoin ( BTC) experienced a swift and pronounced decline hours after U.S. President Donald Trump unveiled new tariff measures, collapsing to an intraday floor of $82,352 by 7:15 p.m. ET.

Crypto Carnage: $509M Wiped Out Post-Trump Tariff Bombshell as BTC, ETH, SOL Spiral

The Treanor Law Firm is investigating allegations of fraud, market manipulation, and racketeering related to Libra's launch in February.

Law Firm Seeks Libra Investors for Potential Lawsuit Over Milei-Backed Solana Token

The self-proclaimed Solana super app doesn't think NFTs are dead yet.

Solana's Jupiter Buys DRiP Haus, DeFi Exchange's First NFT Play

The report reveals that one such worker juggled 12 fake personas across the U.S. and Europe and sought employment by fabricating references

Google Warns Solana Projects That North Koreans Are Increasingly Targeting European Projects

Google Threat Intelligence warned that North Korean IT workers have worked on crypto projects in the EU and UK.

North Korean IT Workers Infiltrated European Solana-Based Projects: Google

Grayscale has filed with the SEC to list its digital large cap fund as an ETF on NYSE Arca, offering exposure to bitcoin, ethereum, XRP, solana, and cardano. Grayscale's Digital Large Cap Fund Targets NYSE Arca Listing for Broader Crypto Exposure Crypto asset manager Grayscale Investments filed a Form S-3 registration statement with the U.S.

Grayscale Seeks SEC Approval to List Crypto ETF With BTC, ETH, XRP, SOL, ADA Holdings

The executive of one of the largest crypto industry groups in Washington D.C. will join Solana's Policy Institute, beginning May 19.

Kristin Smith Steps Down as Blockchain Association CEO to Lead Solana's Policy Push

Kristin Smith, the CEO of one of the biggest advocacy groups in Washington, is leaving for the newly created Solana Policy Institute.

Blockchain Association CEO Kristin Smith departs to join new Solana Policy Institute

The chief of one of the industry's most prominent lobbying arms, Smith will leave in May to join the Solana Policy Institute as president, her association says.

Crypto Advocate Kristin Smith to Exit Blockchain Association for New Solana Group

The shift in leadership occurred amidst a bearish market sentiment, particularly within the memecoin sector.

Ethereum Reclaims No. 1 Spot as Leading DEX Chain for First Since September, Overtakes Solana

Elon Musk's potential revival of Vine has triggered a surge in the Solana-based meme coin $VINE, which jumped 122% in three days.

News for Solana Crypto (SOL)