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

Asset prices reflected a buoyant mood on Wednesday, with bitcoin reclaiming $112,000 and European stocks rising at the open, as analysts increasingly downplayed fears of stagflation and recession triggered by horrible U.S. jobs data.

BTC Re-takes $112K, SOL hits 7-Month High as Economists Downplay Recession Fears

Ethereum

Cryptocurrencies held steady while stocks hit fresh highs on Wednesday, as a downward revision to jobs data lowered optimism but strengthened expectations for rate cuts. Cryptocurrency Gains +/- Price (Recorded at 9:20 p.m.

Bitcoin, Ethereum, XRP Flat; Solana Rises: BTC Is On 'Knife's Edge,' Says Analytics Firm — Future Depends On This Level

Digital advertising firm QMMM's stock rose after it announced its intent to build a $100 million digital assets treasury.

QMMM Stock Skyrockets Nearly 1,750% on Bitcoin, Ethereum, Solana Treasury Plan

Along with building a decentralized data marketplace, QMMM plans a crypto treasury expected to reach an initial scale of $100 million.

Nasdaq-listed QMMM surges 800% on crypto treasury plan targeting Bitcoin, Ethereum, and Solana

Solana hits $219 and XRP tops $3 as traders bet on ETF approvals and rotate away from Ethereum into these rising altcoins.

Solana and XRP Climb as Crypto Market Cap Inches Past $4 Trillion

SOL hits $219, with Forward Industries' $1.65 billion war chest set to unleash a liquidity tsunami and SOL Strategies going on the Nasdaq this week.

Solana News: SOL Treasuries List on Nasdaq and Get 1.65B War Chest

A phishing email on Monday took down one of Node.js's most prolific developers by pushing malicious code into packages downloaded billions of times a week, in what researchers call the largest software supply-chain attack in recent times.

Ethereum, Solana Wallets Targeted in Massive 'npm' Attack But Just 5 Cents Taken

Crypto exchange SwissBorg said about 192,600 SOL ($41.5 million) was stolen from an external wallet used exclusively for its SOL Earn strategy on Monday.

SwissBorg's SOL Earn Wallet Exploited for $41.5M After Partner's API Is Compromised

The company said it planned to use its SOL treasury to help users "recover a significant portion of their balance."

SwissBorg crypto platform robbed of over $40 million in Solana

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Galaxy, Jump, and Multicoin lead $1.65B Solana treasury, El Salvador buys 21 BTC to mark bitcoin law anniversary, and more

Nasdaq-listed Lion Group (LGHL) plans to exchange all of its SOL and SUI holdings for HYPE tokens.

Lion Group Plans to Swap SOL, SUI Holdings for HYPE

A designer of medical and technology products unveiled backing that could make it the largest Solana treasury firm.

Forward Industries Stock Soars Following $1.65 Billion Solana Treasury Pivot

Forward Industries, Inc. (NASDAQ:FORD) on Monday announced that it has secured $1.65 billion in cash and stablecoin commitments through a private investment in public equity led by Galaxy Digital (NASDAQ:GLXY), Jump Crypto, and Multicoin Capital to fund a Solana (CRYPTO: SOL)-focused digital asset treasury strategy. The private placement marks the largest Solana-focused digital asset treasury company raise to date.

$1.65 Billion: Solana Gets Its First 10-Figure Treasury Fund

Forward Industries, Inc. announced a $1.65 billion private investment in a PIPE offering led by Galaxy Digital, Jump Crypto, and Multicoin Capital to start a Solana digital asset treasury strategy.

Galaxy, Jump and Multicoin lead $1.65 billion private placement for Solana treasury strategy

Forward Industries (NASDAQ: FORD) has raised $1.65 billion in cash and stablecoin commitments through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking the largest Solana-focused treasury financing to date.

Nasdaq-Listed Firm Raises $1.65B to Launch Solana Treasury, Shares Surge 128% Pre-Market

Options data from Deribit reveals a striking divergence in sentiment for major cryptocurrencies, with bullish positioning in XRP (XRP) and solana (SOL contrasting with lingering downside fears in bitcoin (BTC) and ether (ETH).

XRP and SOL Signal Bullish Strength While Traders Hedge For Downside in Bitcoin and Ether

Dogecoin

Dogecoin led a weekend rebound in altcoins as traders weighed U.S. jobs data and fresh ETF news, with TRON and XRP also edging higher.

Dogecoin Leads Altcoin Rally as XRP, Tron and Solana Rise

Leading cryptocurrencies traded higher on Sunday, as investors braced for a week marked by key inflation data. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.

Bitcoin, Dogecoin, Solana Gain; Ethereum Steady: Analyst Says BTC's Breakout Past This Level Could Be A 'Massive Trigger'

Over the past 30 days, blockchain networks have shown some lively shifts across addresses, transactions, and fees. Solana remains the behemoth in terms of active wallets with more than 75.5 million, though that came with a hefty 23% drop. Crypto Chain Metrics Between Aug. 7 to Sept.

30 Day Crypto Chain Shake-Up: Solana Keeps Churning, Tron Keeps Earning

The price of Solana (SOL) rose to a high of $217 before retracing above the moving average lines.

Solana Moves Sideways Above The $200 Support

Solana's meme-token launchpads recorded heavy activity in the past day, with Pump.fun leading issuance and trading while a growing roster of rivals continued to attract consistent use.

Solana's Meme Coin Launchpads Explained: Tools, Tradeoffs, and Today's Numbers

SOL Strategies is charting a course to the Nasdaq. The green light arrived Friday, with trading slated to begin Sept. 9. Headquartered in Canada, the solana ( SOL) treasury firm currently lists its shares on the Canadian Securities Exchange under the ticker HODL.

Canadian Solana Treasury Firm SOL Strategies Gains Nasdaq Access

Canadian firm SOL Strategies, a Solana treasury and infrastructure firm, expects its shares to begin trading on the Nasdaq Exchange next week.

Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq

SOL Strategies (HODL), a Toronto-listed digital asset firm focused on the Solana blockchain, has secured approval to list its common shares on the Nasdaq Global Select Market.

SOL Strategies Wins Nasdaq Listing, Shares to Trade Under ‘STKE'

Toronto-based SOL Strategies' own treasury of 399,907 SOL is valued at approximately $84 million at current prices.

News for Solana Crypto (SOL)