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

Dogecoin

Bitcoin and Ethereum aren't the only major cryptocurrencies rising on Wednesday: Solana and Dogecoin have made even bigger gains.

Solana, Dogecoin Surge as Bitcoin Nears New All-Time High Price

On Aug. 13, the total market capitalization of the cryptocurrency ecosystem approached $4.2 trillion, reaching $4.189 trillion, a new all-time high. Solana Leads Top Altcoins as ETH Nears Lifetime High On Wednesday, the cryptocurrency ecosystem's total market capitalization neared the $4.2 trillion mark after several high-cap altcoins recorded significant 24-hour gains.

Solana Leads Altcoin Rally as Crypto Market Cap Reaches Record High

Ethereum

Cryptocurrency markets are trading higher Won ednesday morning, with Ethereum once again leading the way. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $120,676.91 Ethereum (CRYPTO: ETH) $4,680.41 Solana (CRYPTO: SOL) $201.40 XRP (CRYPTO: XRP) $3.27 Dogecoin (CRYPTO: DOGE) $0.2462 Shiba Inu (CRYPTO: SHIB) $0.00001387 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 6.9% and grew 18.2%, respectively.

Bitcoin Cracks $120,000, Ethereum Taps $4,700 As Solana Surges Past $200

Analysts said the psychological and technical milestone signaled renewed investor confidence and stronger market liquidity.

Solana jumps 15% to reclaim $200 as altcoin market heats up on treasury accumulation

Solana (SOL) prices have started to drift sideways after recovering above the $156 support level.

Solana Drifts Sideways Below The $85 Level

Chainlink

Solana and Chainlink led broad altcoin gains after a softer inflation print fueled expectations of a Fed rate cut amid institutional demand.

Solana and Chainlink Lead Crypto Rally With Double-Digit Gains

DeFi Development Corp. is now holding over 1.3 million SOL tokens, worth nearly $250 million in total, according to a shareholder letter.

Solana treasury firm DeFi Development Corp estimates it earns $63k per day in ‘SOL-denominated revenue' on its 1.3M token stockpile

Solana held its ground and closed the week with modest gains, while its ecosystem grew by 8% to claim a market cap above $250 billion.

Solana News: SEC Greenlights LSTs, Seeker Reviews Come In

Experts say that investors are rotating funds into “quality-focused” assets like Ethereum and other altcoins.

Solana Meme Coins Slump as Investors Rotate into ETH & ‘Quality-Focused' Altcoins

LetsBonk mounted a significant challenge in early July, rapidly capturing market share to peak at nearly 70% of graduated tokens.

Pump.fun fends off LetsBonk in battle for top Solana memecoin launchpad

Crypto whales can now use their holdings to buy trips to space, with Blue Origin teaming with Shift4 to accept Bitcoin and more.

Jeff Bezos' Blue Origin Now Accepts Bitcoin, Ethereum and Solana for Spaceflights

Bonk

Nasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal Safety Shot added $25 million worth of BONK (BONK) to its treasury aligning the public company directly with the platform's growth.

Solana Memecoin BONK Gets a $25M Corporate Treasury Boost

A drinks company is now adopting BONK as a treasury asset, and plans to acquire up to $115 million of the Solana meme coin by year-end.

New BONK Treasury Targets Up to $115 Million in Solana Meme Coin by Year-end

Pump.fun's token surged as the meme coin launchpad clawed back market share from LetsBonk, its biggest competitor on Solana in recent weeks.

PUMP Surges as Meme Coin Launchpad Pump.fun Regains Top Spot on Solana

The company is moving to become an "everything exchange," its CEO said.

Coinbase Rolls Out DEX Trading on Its App Starting With Base—And Solana 'Coming Soon'

Uniswap

The chief investment officer (CIO) of digital asset firm Bitwise, Matt Hougan, believes the pro-crypto stance the U.S. Securities and Exchange Commission (SEC) has recently taken is massively bullish for the industry.

‘It's Not Priced In' – Bitwise CIO Says Ethereum, Solana, Uniswap and Others To See Boost From Massive SEC Pivot

Nate Geraci, president of NovaDius Wealth Management, outlined the latest developments in the crypto ETF arena, asserting that BlackRock is expected to file for spot XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) ETFs — possibly as early as this October. What Happened: In an appearance on the Thinking Crypto podcast on Wednesday, Geraci emphasized the SEC's recent approval of in-kind creation and redemption mechanisms for crypto ETFs as a pivotal regulatory shift.

BlackRock Likely To File For Spot XRP And Solana ETFs By October Deadline, Says Expert

Ethereum, SOL, and XRP have jumped on reports that President Trump will sign an executive order to allow crypto in 401(k)s.

Ethereum, Solana, XRP Rebound Amid Reports Trump Will Allow Crypto in 401(k)s

Degens are rallying behind Pump.fun's PUMP token, up a whopping 30% in the last week. Here's why the Solana token is taking off, and what the charts say happens next.

Pump's PUMP Is Pumping Again—Can the Solana Token Keep It Up?

Solana Mobile's Seeker phone has begun shipping, featuring SOL Strategies as the exclusive validator operator, enabling in-phone staking for users.

Solana's Seeker Phone Introduces Mobile Staking Powered by SOL Strategies

One trader is seeing million dollar profits on a Solana (SOL)-based memecoin in just months, according to on-chain data. Blockchain tracking firm Lookonchain says that one investor in TROLL is looking at a gain of more than 130,000% after the memecoin inspired by the internet trolling culture had an explosive rally over the last month.

Trader Sees 1,300x Returns As Solana Memecoin Goes on Explosive Rally: Lookonchain

Cherry AI, a Telegram-based infrastructure provider for Web3 communities, on Wednesday announced the upcoming launch of its native token, CHERRY, scheduled for Aug. 14. The platform, which claims over 15 million users and integration across more than 200,000 Telegram (CRYPTO: TON) groups, operates a network of bots that assist crypto projects with trading, community management, and user engagement.

How A Bot Is Bringing Solana, Ethereum, Base, BNB Chain Trading To Telegram

The Solana Seeker phone is not your average smartphone, nor does it want to be. Building on the lessons of its predecessor, the Saga, Solana Mobile's newest device reimagines what a crypto-native phone can be.

Solana's Seeker Phone Fixes Saga's Flaws With Usability Upgrade

Solana meme coin trader Leland King Fawcette bought and sold $1,300 worth of TROLL last summer—that would now be worth $36 million.

Unlucky Trader Fumbles $36 Million on Troll Solana Meme Coin

Solana wallet provider Phantom expands its ecosystem with a strategic acquisition amid slowing market activity.

News for Solana Crypto (SOL)