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
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Ethereum

Chinese AI startup DeepSeek's $6 million AI model has rattled global global markets, with experts warning it signals a major shift in AI competition. What Happened: Speaking with Benzinga, experts suggest the Chinese startup's efficiency-focused approach is reshaping perceptions of dominance in artificial intelligence, challenging the high-cost strategies employed by US tech giants like OpenAI and NVIDIA (NASDAQ:NVDA).

Bitcoin, Ethereum, Solana Crash — Here's Why China's Low-Cost AI Model DeepSeek May Be To Blame

A new game on Telegram called “Trump's Empire” enables players to simulate Donald Trump's ascent from a business mogul to the President of the United States.

Telegram Game 'Trump's Empire' Integrates Business Simulation, Political Strategy, and a Meme Coin on Solana

The latest price analysis by Coinidol.com report, Solana (SOL) maintained its positive trend by oscillating below the upper threshold of $260 last week. The price bars are above the moving average lines, but the upward trend has stopped.

Solana Oscillates, But Does Not Advance Beyond $260

Dogecoin

Traders of BTC-tracked products lost $238 million in the past 24 hours, majorly in early European and Asian afternoon hours.

Solana, Dogecoin, XRP Plunge 10% as Bloody Start to Week Sees $770M Long Liquidations

Jupiter, one of the leading Solana-focused decentralized exchanges, has made major announcements as part of Catstambul, its first community-focused conference held in Turkey. The project revealed the acquisition of a majority stake in Moonshot, a meme coin creation and distribution platform on Solana.

Solana DEX Jupiter Announces 50% Buyback, Moonshot Acquisition

Bitcoin and Ethereum ETFs were only the start: Issuers are now applying to offer all kinds of U.S. funds—for Dogecoin, Solana, XRP and more.

Which Crypto ETFs Are Next? Dogecoin, XRP, and Solana Lead the List

He made a Solana meme coin to prove that crypto is worthless, but then degen traders sent it to $420 million. Now he's changed his mind.

Gold Maxi Changed His Mind About Crypto After Creating $420 Million Solana Meme Coin

According to Defillama's most recent data, the stablecoin economy surpassed $215 billion as of Jan. 24, 2025. Notably, billions worth of these stablecoins were issued on the Solana blockchain.

Solana Takes Center Stage: $11B in Stablecoins Issued and $1.6T Transferred in January

Virtuals has unveiled its integration with Solana, merging its decentralized AI-powered platform with a blockchain known for its speed and scalability. Virtuals Protocol Debuts on Solana The latest development from Virtuals brings a suite of enhancements to the Virtuals ecosystem.

Virtuals Expands to Solana With Strategic SOL Reserve and Venture Support

A popular crypto analyst thinks one top-30 altcoin is gearing up for a parabolic rally. The pseudonymous analyst known as Altcoin Sherpa tells his 240,200 followers on the social media platform X that HYPE, the utility token of decentralized perpetual futures exchange Hyperliquid, may more than double in value this cycle.

Analyst Says ‘Glorious' Pump Incoming for Top-30 Altcoin, Outlines Path Forward for Solana and Fartcoin

While Circle's USDC led stablecoin growth on Solana, other issuers also expanded their stablecoins to the network recently, one analyst noted.

TRUMP Token Frenzy Drives Solana Stablecoin Supply to $10B, Record DEX Volumes

Over the past year, Solana's total value locked (TVL) has grown significantly, rising from $1.4 billion to $9.77 billion, an increase of approximately 600%.

Solana TVL Surges 600% in a Year as TRUMP Token Drives $11 Billion in Trading Volume

A new SEC-led task force could fast-track crypto ETFs for assets like XRP, SOL, and DOGE, promising clearer regulations, transparency, and broader investor access.

XRP, SOL, and DOGE ETFs Could See Faster Approval With SEC's New Task Force, Strategist Says

Solana's increasing popularity has seen the blockchain outpace Ethereum with over 5 billion dex transactions and 344 million active addresses in the past three months.

Solana Outshines Ethereum, Achieving Over 5 Billion DEX Transactions in the Last 3 Months

The growth in Solana's total value locked indicates potential opportunities for further DeFi development and adoption.

Solana TVL skyrockets 600% amid TRUMP launch as memecoins continue to fuel growth

The man behind popular AI bot Truth Terminal sold off a huge chunk of Fartcoin holdings, prompting a price plunge for the Solana token.

Solana Meme Coin Fartcoin Falls After AI Bot Creator Sells Huge Stash

Avalanche (AVAX) joined Solana (SOL) as an underperformer, declining 5.7%.

CoinDesk 20 Performance Update: SOL Falls 8.8% as Nearly All Assets Trade Lower

The majority of wallets that hold Trump have made less than $100, while around 60 whales have earned over $10 million, Chainalysis said.

Half of TRUMP and MELANIA memecoin holders never bought a ‘Solana altcoin' before: Chainalysis

Solana's (CRYPTO: SOL) has surged 21% over the past week, driven by excitement over meme coin launches and anticipation of a futures ETF. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $244.80 $119.1 billion -4.6% +21% Ethereum (CRYPTO: ETH) $3,208.51 $386.5 billion -3.1% -3.8% XRP (CRYPTO: XRP) $3.09 $177.7 billion -2.6% -2% Trader Notes: Crypto trader Jelle predicts "more violent moves" ahead as Solana consolidates near its previous all-time highs.

Solana Jumps 20% In 7 Days: Why Is SOL Going Up?

Coinbase CEO Brian Armstrong announced that the exchange has resolved a significant backlog of Solana transactions.

Coinbase Resolves 21-Hour Solana Transaction Delays After Meme Coin Surge

The release of Donald Trump's meme coin has triggered a remarkable surge in activity on the Solana blockchain, with new addresses reaching nearly 9 million daily.

Trump Meme Coin Launch Spurs Nearly 9 Million Daily New Solana Addresses, Raises $12 Billion Market Cap

A screenshot of a beta page for XRP (XRP) and Solana (SOL) futures contracts was posted on X earlier on Wednesday.

CME Says XRP, SOL Futures Leak Was an Error, No Decisions Are Made

Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Coinbase amid a high volume surge in the trading of memecoins launched on the SOL network.

Memecoin Explosion on Solana Overwhelms Coinbase – Brian Armstrong Says Firm Not Expecting ‘This Level of Surge'

Solana's DEX volume ratio compared to Ethereum has reached an unprecedented 268% in January.

Solana's DEX surge: TRUMP token hype propels trading volume past Ethereum

In a now deleted "staging subdomain" page CME reported to have said futures contracts for XRP and SOL will go live on Feb. 10.

News for Solana Crypto (SOL)