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

Cardano

Dogecoin

Dogecoin DOGE nosedived 9%, while Cardano's ADA ADA and Solana's SOL SOL each fell 6% in the past 24 hours as Trump's reinstated tariffs reignited trade tensions.

Dogecoin Dives 9%; Cardano's ADA, SOL Slump 6% as Renewed Tariff Fears Jolt Markets

Central African Republic will tokenize over 1,700 hectares of land using its national meme coin $CAR, President Touadéra said Thursday.

Central African Republic to Tokenize Land Using National Solana Meme Coin

Solana's long-term potential remains robust despite short-term hurdles, according to Standard Chartered's digital assets head Geoffrey Kendrick. The bank forecasts SOL will climb from roughly $175 today to $275 by late 2025 and $500 by 2029.

Standard Chartered Sees Solana Hitting $500 by 2029 Despite Short-Term Dip

DeFi Development Corp. has become the first publicly traded company to adopt Solana-based liquid staking tokens (LSTs), integrating Sanctum's technology to enhance its SOL treasury management and validator operations. Sanctum Partnership Sees DeFi Dev Corp. Embrace Solana LSTs DeFi Development Corp.

DeFi Dev Corp. Becomes First Public Company to Integrate Solana Liquid Staking Into Treasury Strategy

With crypto kidnappings on the rise and a Solana co-founder being doxxed, many in the industry are questioning if KYC is worth the risk.

Does Crypto Have a KYC Problem? Coinbase Hack, Solana Founder Doxxing Reopen Debate

Stellar

Rain, a crypto card platform that lets users spend stablecoins anywhere Visa (V) is accepted, said it has added support for Solana SOL, Tron TRX and Stellar XLM networks.

Rain Expands Stablecoin Visa Cards to Solana, Tron and Stellar as Digital Payment Gains Momentum

Ethereum

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Solana's 18 Month Long Bull Run Against Ether is Over; XRP Ends Mini-Uptrend

Bitcoin

Liquidium has launched its new Liquidium Cross-Chain Loans product, enabling seamless lending and borrowing across bitcoin, ethereum, and solana without the need for centralized bridges or wrapped tokens.

Crypto P2P Lender Liquidium Launches Cross-Chain Lending Protocol for Bitcoin, Ethereum, and Solana

SOL Strategies has filed a $1 billion initial shelf filing to expand its capital-raising flexibility as it deepens its investment in Solana.

SOL Strategies Files $1B Shelf Prospectus to Boost Solana Investment 'Flexibility'

Solana's SOL SOL got a double dose of institutional adoption this week as two publicly traded firms revealed major initiatives centered on the blockchain's ecosystem — one targeting liquid staking, the other aiming to raise up to $1 billion for direct investment.

Solana Scores Twin Institutional Wins With $1B Raise and First Public Liquid Staking Strategy

The Nasdaq-listed firm claimed that it is the first publicly traded company to own liquid staking tokens on Solana.

Nasdaq-listed DeFi Development Corp taps liquid staking to scale Solana holdings

Last month, Sol Strategies secured a $500 million convertible note facility to acquire more SOL cryptocurrencies.

SOL Strategies files initial prospectus to raise up to $1 billion to expand Solana investment

Stablecoin issuer Circle used its authority to freeze wallets connected to the Libra token team containing millions of dollars of USDC.

Circle Freezes $58 Million Worth of USDC in Solana Wallets Tied to Libra Scandal

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) Drops 2.1% as Index Trades Lower

Crypto wallet provider MetaMask announced Tuesday that Solana is now supported via a web browser extension.

MetaMask wallet adds native Solana support via browser extension

The bank's Head of Digital Assets thinks Solana needs to find use cases in "high-throughput financial apps."

Solana Price to Lag Ethereum's While Network Addresses Scaling Issues: Standard Chartered

Users of Solana may now access the network through a MetaMask wallet.

The Solana Network Is Now Live on MetaMask

Metamask has officially integrated Solana into its browser extension, allowing users to manage SOL and SPL tokens alongside Ethereum-based assets within a single interface. This move marks Metamask's first support for a non-EVM chain, with mobile integration expected soon.

Metamask Integrates Solana for Seamless Multi-Chain Token Management

Labubu dolls are so popular Pop Mart stores have stopped selling them, causing a related Solana meme coin to soar.

Solana Labubu Meme Coin Shoots to $49 Million After Viral Toy Sales Halted

Solana's (CRYPTO: SOL) reliance on meme coin trading as its dominant use case could hold back its performance relative to Ethereum (CRYPTO: ETH) for the foreseeable future, according to Standard Chartered's Head of FX and Digital Assets Research Geoffrey Kendrick. What Happened: In a note sent to Benzinga on Tuesday, Kendrick stated that real-world applications on Solana, such as high-throughput financial platforms and consumer-facing services like social media, are "still some years away" from scaling meaningfully.

Solana To Trail Ethereum, Says Standard Chartered: 'We Are Past Peak Meme Coin'

Solana SOL is expected to underperform ether ETH over the next two to three years, investment bank Standard Chartered (STAN) said in a research report Tuesday initiating coverage of the cryptocurrency.

Solana Could Hit $275 by Year-End, $500 by 2029-End: Standard Chartered

Solana may lag Ethereum in the near term until new use cases beyond memecoins gain traction, according to Standard Chartered.

Standard Chartered sees Solana reaching $500 by 2029, but expects it to underperform Ethereum in the near term

One Instagram post explicitly claimed Gokal 'should have' paid 40 BTC, suggesting a potential blackmail attempt.

Solana co-founder's personal ID leaked on Hiphop group Migos' Instagram page in apparent data breach

Toncoin

A widely followed crypto analyst says that meme asset Dogecoin (DOGE) is facing a crucial turning point while updating his outlook on a handful of other altcoins. In a new thread, crypto trader Ali Martinez tells his 138,500 followers on the social media platform X that resistance around the $0.

Analyst Says Dogecoin Facing ‘Most Important' Resistance Wall, Updates Outlook on Solana, Stellar and Toncoin

Veteran trader Peter Brandt ignited a firestorm in the crypto world by pitting XRP against solana, spotlighting bullish breakout patterns that could reshape the altcoin leaderboard.

News for Solana Crypto (SOL)