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

On the episode of the All In podcast last week, Solana (CRYPTO: SOL) co-founder Anatoly Yakovenko explained why Bitcoin (CRYPTO: BTC) remains secure and resilient even as large holders concentrate wealth and state-sponsored attacks loom. Bitcoin's Centralization Concerns Won't Break The Network Host Jason Calacanis raised concerns about centralization, noting that companies like MicroStrategy hold significant portions of Bitcoin.

Solana Co-Founder Anatoly Yakovenko Says Bitcoin's Resilience Holds Strong Despite Centralization Fears, State-Sponsored Threats

Helius Medical Technologies, Inc. (NASDAQ:HSDT) rallied in Monday's after-hours trading after announcing a Solana (CRYPTO: SOL) purchase worth $175 million. Helius Medical Kickstarts SOL Treasury Play The stock popped over 8% in after-hours, reversing its losses during the regular trading session.

Helius Medical Stock Pops 8.5% After Hours On Solana Treasury Purchases

Pantera Capital believes an approved solana spot ETF in the fourth quarter could trigger a surge in institutional demand. The firm argues institutions are currently under‑allocated to solana compared with bitcoin and ether.

Solana ETF Could Spark Major Institutional Inflows, Says Pantera Capital

Raivo “Rastaland” Plavnieks is battling a rare form of cancer, and Solana funds raised for his treatment were swiped via a malware-infected game on Steam.

Streamer Drained of $31K in Solana Raised for Cancer Treatment After He Downloads Game

Binance.US has announced the listing of Solana (CRYPTO: SOL)-based meme coin Mew (CRYPTO: MEW). M. Kyoko, Director of Mew, said in an interview with Benzinga the listing will “help the brand increase accessibility within the U.S. crypto market.

Solana Meme Coin Mew Secures Binance.US Listing

Leah Wald is stepping down after joining the firm in July 2024 and leading its transition to become one of the first Solana treasury firms.

SOL Strategies CEO Leah Wald, who led transition into a Solana holding company, to step down

The medical device firm's stock has fallen double-digits after it announced the first acquisition of Solana for its new SOL treasury.

Helius Stock Dives After First Solana Treasury Buy for $168 Million in SOL

Earlier this month, Helius Medical Technologies soared 250% on a $500 million SOL treasury raise led by Pantera and Summer Capital.

Pantera-backed Helius Medical purchases over 760,190 SOL, kicking off $500 million DAT strategy

Multicoin Capital, alongside Galaxy Digital and Jump Crypto, led a $1.65 billion private placement in Forward in early September.

Largest Solana treasury Forward Industries to tokenize stock using Superstate's Opening Bell

A trader established bullish bets in major cryptocurrencies on Monday as the crypto market declined, liquidating leveraged positions worth $1.5 billion.

Buying-The-Dip? Crypto Trader Deploys $15M to Buy BTC, SOL, HYPE and PUMP

Dogecoin

Ethereum

Nearly $1.7 billion in positions were wiped out in the past day, with Dogecoin and Solana leading price losses among the top 10.

Dogecoin, Solana and Ethereum Plunge as Crypto Liquidations Near $1.7B

Chainlink

With the crypto economy strutting past $4 trillion, bitcoin is lounging just 6.5% shy of its peak—clearly, Q4 still has its bullish boots on. To cut through the noise, we tossed the mic to a lineup of eight artificial intelligence (AI) models and asked them which coins are primed to steal the spotlight this quarter.

8 AI Models Agree: BTC, SOL, LINK, ETH, and XRP Are Set to Shine in Q4

Crypto ETFs rush to market while Solana gets its first $1 billion treasury company in a week of major digital asset moves.

Public Keys: Alt Autumn Arrives, Kindly Investors Leave Bitcoin Stock, and Here Comes the SOL

Cardano

The first-ever multi-asset crypto ETF in the U.S. has officially hit Wall Street, unlocking massive exposure to top digital assets. Grayscale Launches Groundbreaking Crypto ETF on NYSE Arca Grayscale Investments, the world's largest digital asset-focused investment platform, announced on Sept.

First US Multi-Asset Crypto ETF Begins Trading With Bitcoin, Ether, XRP, Solana, Cardano

Grayscale Investments has brought a new twist to crypto investing, rolling out the first multi-token exchange-traded product available in the U.S.

New Grayscale ETF holds multiple cryptocurrencies together, combining bitcoin, Solana and others

ARK Invest made an immediate splash on the latest publicly listed digital asset treasury company, buying just under $162 million worth of shares in Brera Holdings (BREA).

ARK Buys $162M of Shares in SOL Treasury Company Solmate, Formerly Brera Holdings

Brera Holdings PLC (NASDAQ:BREA) shares retraced in Thursday's after-hours trading after rallying by triple digits during the regular session. BREA shares are testing new highs.

Brera Holdings Becomes 'Solmate,' Records 225% Jump After Announcing Solana Treasury Strategy — Rally Simmers Down After Hours

Wall Street just got a powerful new on-ramp to crypto as the SEC greenlit a multi-asset fund holding bitcoin, ethereum, XRP, solana and cardano for trading. SEC Approves Grayscale Multi-Crypto Fund, Paving Way for Broader Digital Asset Access The U.S. Securities and Exchange Commission (SEC) announced on Sept.

SEC Approves Grayscale Fund With BTC, ETH, XRP, SOL, ADA in Regulatory Breakthrough

New comments from Solmate's Marco Santori and two widely followed analysts put the focus on SOL's $238 pivot and what would confirm higher prices.

Ex-Kraken CLO Says Solana Delivers on Promises Ethereum 'Made Almost a Decade Ago'

Nasdaq-listed sports holding company Brera Holdings saw its stock surge by 500% Thursday after it announced a Solana-buying strategy.

Solana Gets 'Solmate' via $300 Million Treasury Firm as Stock Surges 500%

A Grayscale fund tracking XRP, Solana, and Cardano was primed for its debut in the U.S., following long-sought approval from the SEC.

Grayscale ETF Tracking XRP, Solana and Cardano to Hit Wall Street After SEC Pause

As Bitcoin (CRYPTO: BTC) edges closer to $118,000, prominent analyst Trader Mayne says the long-awaited 25-basis points interest rate cut clears the macro overhang and sets up one last Bitcoin-led push before an altcoin finale. What Happened: On his podcast after the FOMC decision, Mayne argued the market can "just focus on the charts," noting a whipsaw in the S&P 500, strength in gold and muted initial crypto reaction.

Bitcoin Rallies 2% As Analyst Outlines Q4 Ethereum, Solana, Dogecoin 'Altcoin Season' Roadmap

Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana (SOL) digital asset treasury field raising $300 million to accumulate the token.

Solmate Joins Solana Treasury Push With $300M Funding From UAE Investors, ARK Invest

UAE-based Pulsar Group "sponsored" an oversubscribed $300 million private investment in public equity to kickstart DAT.

Solana Foundation, Cathie Wood's Ark Invest join $300 million placement for new SOL treasury Solmate

Their founder Kyle Samani has his sights set much higher than just $4B. Solana is responding in kind, leading crypto majors on the day.

News for Solana Crypto (SOL)