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

The class action alleges Pump.fun operated an unlicensed gambling platform, estimating billions in user losses with Solana-linked entities.

Solana, Pump.fun Named in Amended RICO Suit Alleging $5.5B Meme Coin Gambling Scheme

Ethereum

Dogecoin

Is altcoin season in trouble? Ethereum, XRP, and Dogecoin are leading crypto losses Wednesday after alt open interest hit a new peak.

Are Things Getting Too Frothy for Ethereum, XRP and Other Top Altcoins?

The growth of crypto payments points to the emerging use of crypto for “utility rather than speculation,” according to a new survey.

Stablecoin Owners Outnumber Solana Holders: Reown Survey

Toncoin

Several of the largest altcoins suffered corrective moves to the downside on Wednesday, suggesting a pause or even end to altcoin season before it ever really got started.

Altcoin Season Takes Breather With SOL, XRP, TON Among Those Posting Heavy Losses

The death of the legendary rockstar Ozzy Osbourne, “Prince of Darkness,” on Tuesday has triggered a frenzy in the crypto markets. Within hours, opportunistic developers began minting “OZZY” and “RIP Ozzy” tokens across the Solana blockchain, hoping to capitalize on the heavy metal icon's passing.

Prince of Darkness' Death Sparks Wave of Rug-Pulls on Solana

SOL, Solana's native token, hovered just below $200 early Wednesday after a surge of bullish developments — including a major corporate accumulation and bold analyst projections — renewed momentum in the sixth most valuable cryptocurrency by market capitalization.

Solana's SOL Could Hit $500 in This Bull Run, Says Analyst, as Upexi Boosts Holdings to 1.8M SOL

Have you heard of disguised unemployment? It refers to a situation where a portion of the workforce appears to be employed, but isn't contributing to the economy's output.

Disguised Unemployment in Blockchain? Data Shows Only 12% of Ethereum, 25% of Solana Protocols Have Revenue

Mercurity Fintech (MFH) has secured a $200 million equity line from Solana Ventures to launch a comprehensive solana-based treasury initiative. Solana Ventures Backs Mercurity With $200 Million for SOL-Based Treasury Mercurity Fintech Holding Inc. (Nasdaq: MFH) has announced a strategic $200 million equity line of credit from Solana Ventures Ltd.

Mercurity Fintech Secures $200 Million for Solana Treasury

Over the last 30 days, the valuation of BONK has risen by nearly 200%, making it one of the best-performing tokens in that time.

LetsBonk's market share of Solana meme token launchpad grows to 64%

Bitcoin (CRYPTO: BTC) consolidates as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) show strength, leading market commentators to predict that momentum is starting to flow into altcoins. What Happened: Crypto analyst Cheshire Capital said on Tuesday on X that the market remains structurally strong, even as price action becomes frothy.

Bitcoin Consolidation Means Market Is 'Relatively Healthy', Ethereum, XRP, SOL WIl Continue To Do Well, Analyst Says

Solana reaches its highest price since February as altcoins gain momentum due to increased liquidity.

Solana News: $SOL >$200, Ecosystem >$250 Billion, DEX Volume >$1 Trillion for 2025

The NFT market has cooled drastically in recent years, but a flurry of CryptoPunk sales has brought renewed attention to the space.

CryptoPunks Lead as NFT Trading Volume Rebounds on Solana and Ethereum

Pump.fun users appear to be getting restless while awaiting an airdrop, with the PUMP token falling to a record low price Tuesday.

Pump.fun's Solana Token Falls Below ICO Price as Hype Cools Ahead of PUMP Airdrop

Solana (CRYPTO: SOL) continues to perform well against Bitcoin (CRYPTO: BTC), with market commentators predicting the trend could accelerate in the near term. What Happened: In a detailed X post, pseudonymous trader Unipcs said that Solana's momentum could spill over into Solana-based meme coins, with several names set for significant upside.

SOL Surges Above $200 — Watch These 3 Solana Meme Coins, Trader Says

Metamask supports the Solana blockchain natively and now allows users to purchase SOL directly within its wallet using Transak's payment infrastructure. Direct SOL Purchases Go Live in Metamask Wallet Through Transak The integration with Transak, effective July 22, follows Metamask‘s first native support for a blockchain operating outside the Ethereum Virtual Machine (EVM).

Transak Provides Fiat Gateway for SOL on Metamask's Solana Support

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: Solana (SOL) Rises 3.6%, Leading Index Higher

Bitcoin

Bitcoin (CRYPTO: BTC) is entering a phase of technical consolidation while maintaining strong upside momentum, according to new insights from Glassnode and Fairlead Strategies. What Happened: Analysts suggest that recent price action reflects a constructive setup for further gains, particularly over a multi-month horizon.

Ethereum, Solana, XRP Outpace Bitcoin: Is The Altcoin Trade Here To Stay?

The past 24 hours have witnessed a rare dynamic: a major token moving on technology news rather than trading flows and general narratives of institutional adoption.

Solana Defies Market Drop, Touches $200 as Altcoins Retreat: Crypto Daybook Americas

Solana hit a five-month high amid surging open interest, though macro headwinds and technicals point to a mixed near-term outlook.

Solana Clinches 5-Month High, Where to From Here?

Cardano

Ether (ETH) extended its climb over the weekend, jumping past $3,770 as capital shifted from bitcoin (BTC) to major tokens.

What Are Traders Saying as Solana Reclaims Spotlight? ETH, DOGE, ADA See Profit-Taking

Solana (SOL) surged past the $200 mark for the first time since March, as network player Jito introduced the Block Assembly Marketplace (BAM), a move that some observers said boosted investor interest in SOL.

Solana Breaks $200 as Jito's BAM Draws Bullish Bets

Analysts said Solana gained on the announcement of Block Assembly Marketplace and the DeFi Development Corp's acquisition of additional SOL.

Solana jumps 12% above $200, analyst cites renewed confidence and liquidity

On Monday, DeFi Development Corp. announced its treasury now holds 999,999 Solana ( SOL) tokens and equivalents. DeFi Dev Corp. Grows Solana Holdings to 999,999 Tokens The Boca Raton-based company, DeFi Development Corp. (Nasdaq: DFDV), added 141,383 SOL between July 14 and July 20, according to a July 21 statement.

Nasdaq Firm DeFi Dev Corp. Hits 999,999 SOL Treasury Mark

Pump.fun has generated $774 million in revenue, raised $600 million in 12 minutes, and created almost 12 million tokens on Solana. Can it keep it going?

The Business of Memes: Inside the Solana Meme Coin Factory Pump.Fun

With bitcoin (BTC) languishing around $117,000 and ether (ETH) pausing below $3,800 on Monday, it was Solana's (SOL) turn to catch-up with the broadening altcoin rally.

News for Solana Crypto (SOL)