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

Polygon

Polygon's Open Money Stack now lets Solana businesses take customers from bank deposits to stablecoins and back, with fiat ramps covering 48 US states.

Polygon Brings Its Bank-to-Stablecoin Payments Stack to Solana

The two networks are setting aside their rivalry to connect Solana's stablecoin activity with Polygon's banking, wallet and payment infrastructure.

From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks

Ethereum

XRP (CRYPTO: XRP), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and BNB (CRYPTO: BNB) remain four of the five top altcoins in the market, according to prominent cryptocurrency analyst CryptosRUs. Why XRP, Ethereum, BNB and Hyperliquid Made the List George, as the analyst goes by his real name, told the Milk Road Crypto podcast Wednesday that he previously followed a 50-25-25 allocation rule, splitting portfolios between Bitcoin (CRYPTO: BTC), large-cap altcoins and smaller speculative tokens.

XRP, Ethereum, Solana Are 3 of the Top 5 Altcoins, Expert Says: And the Other 2?

The expansion gives Solana businesses one integration to connect bank funding, embedded wallets, cross-chain transfers and global payouts, with cross-border firm Kira among the first adopters.

Polygon Extends Its Stablecoin Payments Infrastructure to Solana

Polygon Labs has expanded its Polygon Open Money Stack to support Solana, allowing enterprises to manage bank funding and payouts via a single technical integration and commercial relationship. Streamlining Cross-Border Money Movement Polygon Labs announced on Oct.

Polygon Adds Solana to Open Money Stack in Major Expansion

Polygon added Solana to its payments platform, connecting businesses to bank funding, cross-chain transfers, stablecoins and global payouts.

Polygon adds Solana to payment stack linking bank accounts, crypto and payouts

About 1.56 million SOL sat on a validator that stopped earning, and the wallet still hasn't named the firm that held its keys.

Solana wallet Solflare pledges to pay missed rewards on staked $160 million after validator goes offline

Mirae Asset Securities' Hong Kong arm put US dollar floating-rate notes from a $3 billion program on Solana, with Marketnode distributing to institutions.

Mirae Asset Issues 6-Month Tokenized Floating-Rate Notes on Solana

Jump's Firedancer team requires a 1 SOL burn with each bug report after a contest drew 809 reports it believes were nearly all found or written by AI agents.

Solana's Firedancer Makes Bug Hunters Burn 1 SOL Per Report After AI Flood

Three freshly created wallets have moved 482,228 SOL worth $49.17 million in three days, and about a third of it has already reached exchanges. Three Wallets Appear The trail starts on the evening of Oct. 23 when, within a span of two minutes, three brand-new Solana addresses recorded their first transactions.

Solana Price Dips Under $100 as SOL Whale Is Quietly Dumping $49M

Researchers must now permanently burn 1 SOL for every submission after a monthlong contest drew 809 reports, with AI believed to have helped generate or write nearly all of them.

Solana bug reports now cost 1 SOL as AI floods security teams with spam

A hacker has drained about 9,408 SOL, worth nearly $1 million, from 49 wallets belonging to nine users of the Bloom Telegram trading bot. Bloom says it will fully repay the losses. The post Hacker Drains Nearly $1,000,000 in SOL From Solana Trading Bot Users in 94 Seconds appeared first on The Daily Hodl.

Hacker Drains Nearly $1,000,000 in SOL From Solana Trading Bot Users in 94 Seconds

Bloom Trading lost nearly $1 million in a security breach that drained 49 cryptocurrency wallets belonging to just nine users. The attacker exploited a software vulnerability, yet the company insists no private keys were stolen and promises full reimbursement.

Solana Trading Bot Hacked for Nearly $1M, 49 Wallets Drained

DeFi Development Increase SOL Equivalents By 5,346

Solana co-founder Anatoly Yakovenko pitched on X a validator-run oracle that could mint new SOL against tokenized collateral and tax the resulting profit.

Solana Co-Founder Floats Stake-Weighted Validator Oracle Idea

J.P. Morgan Asset Management has expanded its tokenized money market funds MONY and JLTXX onto Solana, giving qualified U.S. investors access through the Morgan Money platform. J.P. Morgan Expands Access for Tokenized Funds J.P. Morgan is taking another step onto public blockchain rails.

JPMorgan Brings Tokenized Money Funds to Solana for US Investors

Bitcoin

Bitcoin (CRYPTO: BTC) held roughly 57% of the digital asset market as of Oct. 10, its highest share since November 2022, according to Glassnode and Fasanara Digital. Why Capital Stayed Concentrated in Bitcoin Glassnode and Fasanara Digital wrote in the report that smaller tokens fell roughly 52% from their October 2025 peak, about 18 points worse than large-cap assets.

Bitcoin, Ethereum, Solana Draw Uneven Corporate Bets—Which Is Gaining Ground?

Bitquery said one Solana wallet traded $1.4 billion through 438 Raydium pools of fake tokens over 30 days, 22.7% of Raydium CLMM volume, on about $12,000.

Solana Wash-Trading Bot Drove 23% of Raydium CLMM Volume: Bitquery

J.P. Morgan Asset Management said Thursday its MONY and JLTXX tokenized money market funds are now on Solana for qualified US investors via Morgan Money.

JPMorgan Brings Tokenized Money Market Funds to Solana

The new voting system targets settlement in about 150 milliseconds, potentially shortening waits for payments and deposits. Users can keep their existing wallets.

Solana completes Alpenglow upgrade. Here's what it means for users

Avalanche

Dogecoin

Hyperliquid

Chainlink

Zcash

Grayscale expanded in-kind access across 10 crypto ETFs on Wednesday, letting eligible investors swap Bitcoin, Ethereum, and Solana directly for shares.

Grayscale Expands In-Kind Access Across 10 Crypto ETFs

Solana's Alpenglow upgrade went live Wednesday with a 150-millisecond finality target, and SOL rose about 2% with Bitcoin as US Solana funds saw more outflows.

Solana Price Rises with Bitcoin as Alpenglow Goes Live

Grayscale is opening a new route for eligible crypto investors to exchange their existing tokens directly for shares in 10 investment products, bypassing the need to sell for cash first.

Grayscale Opens In-Kind ETF Access With Six-Figure Entry Minimums

Grayscale announced Wednesday that eligible investors can directly contribute cryptocurrencies, including Bitcoin (CRYPTO: BTC), XRP (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE) and Solana (CRYPTO: SOL), in exchange for shares of select investment products. Grayscale Expands In-Kind Investing The asset manager is expanding in-kind subscriptions across 10 digital asset investment products, allowing eligible investors to exchange existing crypto holdings for fund shares without first converting their tokens into cash.

Grayscale Opens In-Kind Crypto Investing for Bitcoin, XRP, Dogecoin, Solana ETFs

Grayscale expands in-kind subscriptions to 10 crypto funds, letting eligible investors swap tokens for shares without selling for cash.

News for Solana Crypto (SOL)