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 price of Solana (SOL) has resumed its upward trend after falling to a low of $157.

Solana Faces Its First Hurdle At $164

Arbitrum

Ethereum

PYUSD is going live on Arbitrum, according to an updated version of PayPal's cryptocurrency terms and conditions page.

PayPal appears to add Arbitrum support for PYUSD stablecoin alongside Ethereum and Solana, website terms show

The top US-based crypto exchange by trading volume is helping pump up a popular Solana (SOL)-based memecoin platform with its latest listing. According to a new announcement from Coinbase, pump.fun (PUMP) is the latest altcoin to be added to the exchange's suite of digital assets. “Pump.fun (PUMP) is now live on Coinbase.

Solana (SOL)-Based Memecoin Platform Pump.fun (PUMP) Gets Bump From New Coinbase Listing

ProShares Debuts Leveraged XRP, Solana ETFs, but they aren't for the risk-averse.

Hypercharged Exposure to XRP and Solana Now Available With These Two ETFs

Two new crypto exchange-traded funds (ETFs) targeting Solana (SOL) and XRP (XRP) are launching in the U.S. on Tuesday, marking another step in the expanding intersection of traditional finance and digital assets.

ProShares Launches Leveraged Solana and XRP ETFs Following NYSE Arca Approval

Bitcoin

Solana reclaims $160 as more companies deepen their SOL treasury exposure.

Solana News: $500M Pump.fun ICO Sells Out as BTC Hits New ATH

A blockchain researcher said that his partner and friends were shocked at how calm he was after losing $58,000 worth of PUMP.

Unlucky Trader Accidentally Burns $58K in Pump.fun Solana Token—But He's Not Angry

Research firm Bernstein expects the ongoing rally in cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) to evolve into a "long and exhausting bull market." It will be driven not by retail speculation, but by deep structural trends — institutional adoption, regulatory clarity, and the emergence of a fully on-chain financial system.

Bitcoin, ETH, XRP, Solana Are In For A 'Long And Exhausting Bull Market,' Bernstein Predicts

Dogecoin

Bitcoin hit a new all-time high on Monday, propelling altcoins including Sui, XRP, and DOGE to notable gains.

Altcoins XRP, SOL, DOGE Surge Following Bitcoin's New All-Time High

Solana was launched in 2020 and was originally developed as a high-performance blockchain platform that can provide fast and scalable decentralized applications (DApps) and cryptocurrencies.

Solana (SOL): A Blockchain And Cryptocurrency With Growing Potential

The price of Solana (SOL) has risen above the moving average lines and reached a high of $168.

Solana Is Preparing To Break Above The $165 Barrier

Pump.fun's public token sale for its PUMP cryptocurrency raised $500 million after selling out rapidly in roughly 12 minutes. PUMP Token Sale Sells out, Raising $500 Million for Platform Expansion The initial coin offering (ICO) — a crowdfunding method for new digital tokens — launched July 12 at 2 p.m. UTC. Pump.

Solana's Pump.fun Nets $500M as PUMP Token ICO Sells out in 12 Minutes

Publicly traded Upexi is poised to boast the largest Solana treasury stash once its latest funding round is completed.

Solana Treasury Firm Upexi Raises $200 Million to Boost SOL Stash

Grayscale said in a letter on Tuesday that it may take legal action if the SEC continues to hold up the debut of its multi-token fund on NYSE Arca.

SEC's Halt of ETF Holding XRP and Solana Has Investors 'Suffering Harm', Grayscale Says

With Bitcoin (CRYPTO: BTC) trading in price discovery and institutional capital pouring into crypto markets, the long-anticipated "altseason" may finally be underway. But industry insiders say the biggest gains may not come from Ethereum (CRYPTO: ETH) or XRP (CRYPTO: XRP): instead, it's lesser-known tokens like Alpaca Network's PACA or Telegram-linked (CRYPTO: TON) that could emerge as breakout performers.

Ethereum? XRP? Solana? No, You'll Find Exponential Altseason Returns In Lesser-Known Coins, Experts Say

At the time of writing, solana (SOL) is trading at around $166.28, up 6.23% in the past 24-hour period, according to CoinDesk Research's technical analysis model.

SOL: Nasdaq-Listed Firm Secures $200M in Financing, with Over $150M Tied to Solana Treasury Strategy

Upexi expects to have 1.65 million SOL, worth around $273 million at current prices, upon closing its convertible note offering around July 16.

Upexi to raise $200 million to expand Solana treasury to 1.65 million SOL

At its earliest, Pump.fun's token will become tradable on Monday and traders are starting to question whether it'll pump or dump.

Will Pump.fun's Solana Token Pump After Launch? Experts Weigh In

Ethereum's (CRYPTO: ETH) dominance in the tokenized finance sector isn't slowing down and according to Fundstrat's Tom Lee, it has already become Wall Street's go-to blockchain infrastructure, leaving Solana (CRYPTO: SOL) behind in key institutional use cases. Speaking to CNBC on Thursday, Lee made it clear that Ethereum's recent outperformance and adoption by financial giants point to a deeper shift.

Tom Lee: Ethereum, Not Solana, Is The 'Preferred Choice' For JP Morgan, Robinhood, Circle To Build On

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin, Ether, Solana, XRP Price Analysis: BTC Resistance at $120K?

Bitcoin's (BTC) decisive break above $118,000 has flipped the risk-on switch for crypto markets, and traders are now watching if altcoins follow with similar momentum or get left behind in a BTC-dominant rally.

What's Next for Ether, Solana, XRP and Other Majors as Bitcoin Clears $118K

Another bitcoin mining firm is pivoting. Bit Mining Limited announced a strategic expansion into the Solana ecosystem, planning a treasury of SOL tokens worth up to $300 million to fuel the company's shift.

Bit Mining Shifts Strategy, Enters Solana Ecosystem With $300M Plan

A closely followed crypto analyst says that one mid-cap altcoin looks primed to quadruple by August while updating his outlook on Dogecoin (DOGE) and Solana (SOL).

Trader Predicts Mid-Cap Altcoin Could Explode 200%+ by August, Maps Path Forward for Dogecoin and Solana

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: BIT Mining shares surge amid $300 million SOL treasury pivot, Trump's Truth Social teases token tied to user engagement, and more

Robinhood (NASDAQ:HOOD) has launched staking services for Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) in the United States, enabling users to earn rewards by contributing their crypto holdings to help secure the networks. The rollout follows a prolonged wait due to regulatory uncertainty that previously kept the firm from offering these services domestically.

News for Solana Crypto (SOL)