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

Ethereum

REX Shares said its staking Solana ETF, the first of its kind, would be "coming soon" in an X post on Friday.

REX-Osprey to launch Solana, Ethereum staking ETFs after resolving SEC comments

Dogecoin

Analysts are not sure just how well ETFs giving investors exposure to altcoins like XRP, Solana, and Dogecoin would fare if approved.

Will Solana, XRP, Dogecoin and Other Crypto ETFs Take Off?

SOL Strategies, which has already invested millions as part of its strategic reserve strategy, will now also include decentralized, Solana-focused projects as part of this new push to support the wider Solana ecosystem and benefit from its growth.

SOL Strategies Reveals Solana Strategic Ecosystem Reserve Initiative

Micro futures enable traders to speculate on price movements with lower capital requirements and reduced risk compared to standard futures.

Robinhood launches ‘micro' futures contracts for XRP and Solana

Bitcoin

Attention is shifting from cryptocurrencies to equities and publicly traded companies like Robinhood Markets (NASDAQ:HOOD), Coinbase Global (NASDAQ:COIN), and Circle Internet Group (NYSE:CRCL), which have surged ahead in performance over the past month. What Happened: In an X post on June 27, Milk Road Daily pointed out this outperformance.

Bitcoin, Ethereum, Solana Lag Behind Robinhood, Circle, Coinbase: Why Do Crypto Stocks Outperform Coins?

Bitcoin BTC traded around $107,000 on Friday as crypto markets took a breather, with investors booking profits in majors like XRP XRP and Solana's SOL SOL despite strong macro tailwinds.

XRP, Solana Lead Profit-Taking Among Crypto Majors Even as Bullish Mood Persists

Former Tether and Blackstone execs plan to build a publicly traded crypto treasury spanning Bitcoin, Ethereum, Solana, and more.

Tether, Blackstone Vets Raising $1 Billion for Public Bitcoin, Ethereum and Solana Treasury

Upexi also disclosed that it maintains 735,692 SOL holdings, valued at around $105 million at current prices.

Solana treasury firm Upexi plans to tokenize public shares via Superstate's Opening Bell

Nasdaq-listed Upexi (UPXI), a consumer-goods company with a crypto treasury strategy focused on Solana SOL, said on Thursday it will tokenize its SEC-registered shares on the Solana network.

Solana-Focused Upexi to Tokenize Shares; Added 56K SOL to Holdings

Cardano

Bitcoin BTC is back near $108,000, marking a full recovery from last week's dip to six figures driven by Middle east tensions, as macro signals turn risk-on and crypto bulls regain technical footing.

Bitcoin Nears $108K as Fed Rate Cut Bets Rise; Traders Eye Ether, Solana, Cardano

A proposal for a Solana ETF and a new fund tied to Pudgy Penguins tokens have joined a growing list of products offering crypto exposure.

Solana, Pudgy Penguins ETF Filings Added to SEC's Crypto To-Do List

Invesco has filed for an exchange-traded fund tied to the spot price of Solana , according to a regulatory filing on Wednesday, as asset managers push to tap opportunities beyond bitcoin.

Invesco files for Solana ETF to tap growing demand for bitcoin alternatives

Investment management company Invesco and crypto-focused firm Galaxy Digital have joined the race for a Solana exchange-traded fund.

Invesco and Galaxy enter race for Solana ETF with new SEC filing

Some investors are piling into crypto treasury firms, while PIPE investors are taking gains.

Why Did Solana and Ethereum Treasury Stocks Plunge on Routine SEC Filings?

Solana's SOL SOL token is trading at $144.04, down 0.62% in the past 24 hours, after briefly climbing as high as $147.73 earlier in the session, according to CoinDesk Research's technical analysis model.

Hedge Fund Founder Says Solana Will Lead ‘Tokenization of Everything'

Bitcoin BTC is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding.

Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce

dogwifhat

DeFi Dev Corp and the Dogwifhat community will split staking income and other validator rewards after deducting operational expenses.

Solana treasury firm DeFi Dev Corp spins up Dogwifhat validator, plans to split WIF staking rewards with community

Solana's SOL token SOL is trading at $145.47, up 7.63% in the past 24 hours, as traders responded to a breakout surge backed by strong futures activity. The rally gained traction after a sharp bounce from $133.55 to $144.10, supported by above-average trading volumes during the 17:00 and 22:00 hours, according to CoinDesk Research's technical analysis model.

SOL Surges 8%, With Its CME Futures Volume Hitting an All-Time High

Upexi plunged 60% after investors moved to unload 43.85 million shares, which it sold in April to finance Solana purchases for its treasury.

Solana treasury company Upexi tumbles 60% after 43 million shares hit the market

A fragile calm swept across risk assets on Tuesday as U.S. President Donald Trump claimed to have brokered a ceasefire between Israel and Iran, sparking a rally in crypto majors.

Ether, Solana, Cardano Spike 7% as Trump Claims to Broker Israel-Iran Ceasefire

Following the United States bombing Iran on Sunday morning, crypto traders pumped some war-related meme coins.

World War Solana Meme Coins Explode in Latest Attention Trend Amid Middle East Tensions

DeFi Development Corp. (DFDV), the Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, is bringing its equity onto blockchain rails through crypto exchange Kraken's upcoming tokenized stock trading venue.

Tokenized Shares of Solana Treasury Company Defi Dev Coming to Kraken

Fiserv, a Fortune 500 payments and fintech giant that processes 90 billion transactions annually, unveiled plans on Monday to launch a new digital asset platform and stablecoin, joining a roster of traditional financial firms rushing to capitalize on the stablecoin boom.

Fiserv Joins Stablecoin Fray, Teaming Up With Circle, Paxos, PayPal for Launch on Solana

NYSE-listed Fiserv plans to launch a stablecoin on Solana this year, using technology from Paxos and Circle amid upcoming U.S. laws.

Fortune 500 firm Fiserv to launch stablecoin on Solana using Paxos and Circle infrastructure

The Solana Foundation has achieved a milestone by signing a Memorandum of Understanding with the Government of Kazakhstan, marking the first partnership of its kind in Central Asia. The initiative aims to establish a blockchain hub in the country, leveraging Web3 technologies and attracting top talent.

News for Solana Crypto (SOL)