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

Ethereum

Bitcoin and Ether ETFs suffered yet another day of outflows, extending their multi-day losing streaks. Solana ETFs once again stood out, pulling in strong inflows despite broader market weakness. Solana Extends Rally as Bitcoin and Ether ETFs Stay Red Tuesday, Nov.

Bitcoin and Ether Outflows Deepen as Solana ETFs See $30 Million Inflow

Exchange-traded fund investing firm 21Shares is next up to the plate in launching its ETF tracking Solana.

Solana ETF race heats up as 21Shares joins Fidelity, Bitwise and others in launching SOL fund

Regulated solana momentum accelerates as Fidelity and Canary Capital ETFs start trading with staking-enabled designs that broaden investor access to network rewards, strengthen institutional engagement, and highlight rising adoption across blockchain ecosystems amid yield-driven demand.

Fidelity and Canary Capital Expand Regulated Solana Access With SOL ETFs

After initially being left out, Haliey “Hawk Tuah” Welch has been named in a class action suit against the creators of the meme coin she promoted.

Hawk Tuah Girl Added to Solana Meme Coin Lawsuit—After She Cooperated With Law Firm

Bitcoin and ether exchange-traded funds (ETFs) logged another day of sizable outflows, deepening their multi-day losing streaks. Solana ETFs, however, continued to defy the downturn with another day of modest but steady inflows.

Bitcoin, Ether ETFs Extend Losing Streak as Solana ETFs Hold Firm

Fidelity Investments, one of the world's largest asset managers, on Tuesday launched its new Solana (CRYPTO: SOL) exchange-traded fund with staking. Fidelity Enters The Solana ETF Market The firm introduced the Fidelity SOL Fund under the ticker FSOL after filing a Form 8-A with the SEC on Monday.

Solana Surges 7% As Fidelity Launches Solana Staking ETF

Solana dropped 16% to $138, its lowest price in five months, with the selling pressure intensifying as Alameda Research and the FTX estate unlocked 193,000 SOL tokens worth $30 million.

Solana News: Spot ETFs Cook, but SOL Sinks

Several Solana ETFs are launching across U.S. exchanges this week as asset managers test demand for products tied to altcoins and staking.

New Wave of Solana ETFs Hits the Markets as Fidelity, Canary, and VanEck Roll Out

Fidelity, one of the world's biggest asset managers, has joined others in launching a spot SOL ETF, which includes a staking feature as well.

‘Game on': Asset management giant Fidelity debuts Solana exchange-traded fund

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

CoinDesk 20 Performance Update: Solana (SOL) Rises 5.8%, Leading Index Higher

Fidelity is entering the solana SOL$137.13 exchange-traded fund (ETF) market with the Fidelity Solana Fund (FSOL), the firm's third crypto exchange-traded product and its first to include a staking feature.

Fidelity Introduces FSOL ETF, Bringing Major Wall Street Name to Solana Funds

Escalating demand for a solana ETF is accelerating sector growth as Vaneck's new launch combines cost efficiencies, staking access, and regulated structures to intensify competition and attract institutions seeking streamlined exposure to fast-execution blockchain markets.

Vaneck Launches Solana ETF With SOL Demand Powering Rapid Institutional Push

Dogecoin

A Grayscale ETF tracking popular meme coin Dogecoin could list next next week, while a VanEck Solana fund debuted Monday.

Grayscale Poised to Debut Dogecoin ETF as VanEck's Solana Fund Starts Trading

The staking of ETF holdings will be made through SOL Strategies' Orangefin validator that it acquired last December.

SOL Strategies to provide staking services for VanEck's Solana ETF

Bitcoin and ether ETFs experienced significant outflows, resulting in a combined loss of $1.84 billion over the week. Solana ETFs, however, continued their upward momentum, securing another week of inflows despite broad market weakness.

ETF Weekly: Bitcoin, Ether ETFs Bleed $1.8 Billion as Solana Stays Green

Cardano

Bitcoin BTC$95,220.86 slipped further into a deeper drawdown on Thursday, breaking below the psychological $100,000 level and tumbling to $96,600 in early Asian trading.

What Next for Crypto Bulls as ETH, XRP, SOL, ADA Drop 8–16% in a Week

Altcoins suffered another blow, with the top GameFi tokens enduring mixed fortunes.

GameFi News: Play Solana's PLAY Token Arrives, Nika Labs Acquires Archer Hunter

A fresh move lower in Asian morning exacerbated losses for hopeful traders as bitcoin lost the $98,000 level for the first time since May, extending a week-long bleed that has dragged majors sharply lower.

Bitcoin Plunges Under $98,000, ETH, SOL, ADA Down 8% as $880M in Bullish Bets Liquidated

These diverging trends reflect risks unique to digital assets, as mounting concerns over government stability propel precious metals higher, highlighting a strengthening investor confidence in traditional safe havens.

Why Bitcoin, XRP, Solana, and Ether Slide as Gold and Silver Soar?

The payments entrepreneur's app will allow customers to send digital dollars by using "multiple stablecoins and networks."

Bitcoin Maxi Jack Dorsey Embraces Stablecoin Payments in Cash App—On Solana

Bitcoin and ether ETFs returned to red territory with combined outflows of nearly half a billion dollars. Solana, meanwhile, stood tall once again, extending its streak of steady inflows amid the broader market cooldown.

Solana Delivers Again as Bitcoin and Ether ETFs See Heavy Outflows

According to CoinDesk Research's technical analysis data model, solana SOL$142.06 crashes through critical support levels in a dramatic Wednesday session. The token plunged 5.24% to $145.43, erasing gains from the previous week.

Solana Slides 5% to $145 as Technical Breakdown Overshadows ETF Momentum

Solana (CRYPTO: SOL) fell about 5% on Thursday as the token slipped deeper into a multi-week downtrend. Sellers Press Price Below $150 Support SOL Price Dynamics (Source: TradingView) Solana broke below the $150 level after failing to hold the mid-range support that marked the market's July floor.

Solana Down 5% — Charts Now Show A Clear Path Toward The $130 Danger Zone

Upexi's board of directors approved $50 million for an open-ended stock repurchase program, intended to boost shareholder value.

Solana DAT firm Upexi latest crypto treasury to launch stock buyback program

Upexi (UPXI), a Nasdaq-listed digital asset treasury firm focused on Solana SOL$152.37, said Thursday its board has approved to buy back up to $50 million of its own stock.

News for Solana Crypto (SOL)