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

Solana (CRYPTO: SOL) continues to perform well against Bitcoin (CRYPTO: BTC), with market commentators predicting the trend could accelerate in the near term. What Happened: In a detailed X post, pseudonymous trader Unipcs said that Solana's momentum could spill over into Solana-based meme coins, with several names set for significant upside.

SOL Surges Above $200 — Watch These 3 Solana Meme Coins, Trader Says

Metamask supports the Solana blockchain natively and now allows users to purchase SOL directly within its wallet using Transak's payment infrastructure. Direct SOL Purchases Go Live in Metamask Wallet Through Transak The integration with Transak, effective July 22, follows Metamask‘s first native support for a blockchain operating outside the Ethereum Virtual Machine (EVM).

Transak Provides Fiat Gateway for SOL on Metamask's Solana Support

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: Solana (SOL) Rises 3.6%, Leading Index Higher

Bitcoin

Ethereum

Bitcoin (CRYPTO: BTC) is entering a phase of technical consolidation while maintaining strong upside momentum, according to new insights from Glassnode and Fairlead Strategies. What Happened: Analysts suggest that recent price action reflects a constructive setup for further gains, particularly over a multi-month horizon.

Ethereum, Solana, XRP Outpace Bitcoin: Is The Altcoin Trade Here To Stay?

The past 24 hours have witnessed a rare dynamic: a major token moving on technology news rather than trading flows and general narratives of institutional adoption.

Solana Defies Market Drop, Touches $200 as Altcoins Retreat: Crypto Daybook Americas

Solana hit a five-month high amid surging open interest, though macro headwinds and technicals point to a mixed near-term outlook.

Solana Clinches 5-Month High, Where to From Here?

Cardano

Dogecoin

Ether (ETH) extended its climb over the weekend, jumping past $3,770 as capital shifted from bitcoin (BTC) to major tokens.

What Are Traders Saying as Solana Reclaims Spotlight? ETH, DOGE, ADA See Profit-Taking

Solana (SOL) surged past the $200 mark for the first time since March, as network player Jito introduced the Block Assembly Marketplace (BAM), a move that some observers said boosted investor interest in SOL.

Solana Breaks $200 as Jito's BAM Draws Bullish Bets

Analysts said Solana gained on the announcement of Block Assembly Marketplace and the DeFi Development Corp's acquisition of additional SOL.

Solana jumps 12% above $200, analyst cites renewed confidence and liquidity

On Monday, DeFi Development Corp. announced its treasury now holds 999,999 Solana ( SOL) tokens and equivalents. DeFi Dev Corp. Grows Solana Holdings to 999,999 Tokens The Boca Raton-based company, DeFi Development Corp. (Nasdaq: DFDV), added 141,383 SOL between July 14 and July 20, according to a July 21 statement.

Nasdaq Firm DeFi Dev Corp. Hits 999,999 SOL Treasury Mark

Pump.fun has generated $774 million in revenue, raised $600 million in 12 minutes, and created almost 12 million tokens on Solana. Can it keep it going?

The Business of Memes: Inside the Solana Meme Coin Factory Pump.Fun

With bitcoin (BTC) languishing around $117,000 and ether (ETH) pausing below $3,800 on Monday, it was Solana's (SOL) turn to catch-up with the broadening altcoin rally.

Solana Takes the Altcoin Rally Baton as ETH, XRP, BTC Stall

Cryptocurrency markets are trading higher on Monday, with Solana and DOgecoin notably outperforming Bitcoin. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $117,498.03 Ethereum (CRYPTO: ETH) $3,744.59 Solana (CRYPTO: SOL) $193.75 XRP (CRYPTO: XRP) $3.56 Dogecoin (CRYPTO: DOGE) $0.2732 Shiba Inu (CRYPTO: SHIB) $0.00001537 Notable Statistics: IntoTheBlock data shows large transaction volume and daily active addresses declined by 2.95% and 1.5% respectively.

Bitcoin Stalls Near $117,000 As XRP, Solana, Dogecoin Extend Gains

The Jito Foundation has launched the Block Assembly Marketplace (BAM), a new system aimed at improving how blocks are built and how transactions are sequenced on the Solana blockchain.

Jito Launches BAM to Reshape Solana's Blockspace Economy

A pseudonymous trader that accurately predicted the local bottom on major cryptocurrencies in April is now warning that August may see a local top for the crypto market. On July 18, Nachi revisited his April call, emphasizing that the ideal time to go aggressive was then, not now.

Trader Who Called Bitcoin, Ethereum, Solana Bottom In April Now Warns Local Top Likely In August

DeFi Development Corp. said Monday it raised $19 million through its equity line of credit and purchased 141,383 SOL.

DeFi Development Corp raises Solana treasury holdings to 999,999 SOL

The altcoin rally may only be getting started and follows the signing of the GENIUS Act, the most significant U.S. crypto legislation to date, ushering in structural clarity for digital assets. Speaking with Benzinga, Illia Otychenko, Lead Analyst at CEX.IO, identified three critical technical and on-chain signals driving the breakout.

Ethereum, XRP, SOL Surge After GENIUS Act: What's Driving The Altcoin Rally?

While bitcoin catches its breath, a handful of altcoins have been stealing the spotlight—and earlier today, solana's market cap punched past the $100 billion milestone. In just the past seven days, SOL has climbed 15.5% when measured against the U.S. dollar.

Solana Market Cap Blasts Past $100B as Shorts Get Obliterated in $16M Liquidation Wave

Mercurity's Solana strategy is additive and does not replace plans to invest in bitcoin, chief strategy officer Wilfred Daye told The Block.

Mercurity Fintech to build $200 million SOL treasury with backing from Solana Ventures

An unknown user bought 45 CryptoPunks, causing major NFT collections to surge—including Pudgy Penguins and its Solana token.

Pudgy Penguins Solana Token PENGU Jumps Double Digits Amid NFT SweepAmid NFT Sweep

DeFi Development Corp (DFDV) has boosted its Solana (SOL) holdings to just under one million SOL.

DeFi Development Nears $200M Solana Treasury

Cryptocurrency markets are trading higher on Monday morning, with Ethereum and Solana leading the rally. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $118,635.30 Ethereum (CRYPTO: ETH) $3,808.47 Solana (CRYPTO: SOL) $191.41 XRP (CRYPTO: XRP) $3.55 Dogecoin (CRYPTO: DOGE) $0.2719 Shiba Inu (CRYPTO: SHIB) $0.00001567 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 3% and increased 83%, respectively.

Bitcoin Holds Steady, Ethereum, Solana, Dogecoin Lead Monday Rally

DeFi Development (NASDAQ:DFDV) announced on Monday that it has 999,999 Solana (CRYPTO: SOL/USD) and SOL equivalents on its balance sheet. The company purchased 141,383 SOL between July 14 and July 20, at an average purchase price of $133.53, representing approximately $19 million.

EXCLUSIVE: DeFi Development Buys $19 Million In Solana

Solana (SOL) extended its bullish streak Monday, climbing to $191.56 after a wave of short liquidations and fresh capital inflows into institutional funds. The price jumped 6.55% in the past 24 hours, per CoinDesk Data, supported by multiple on-chain and off-chain signals pointing to rising investor demand.

Solana's SOL Tops $191 After $11M in Shorts Liquidated and Fund Inflows Hit $39M

The price of Solana (SOL) has recovered and reached the predicted level.

News for Solana Crypto (SOL)