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

Solana (CRYPTO: SOL) is up 2% to $231 on Friday morning after posting $77 million in net outflows, even as the blockchain outlined a long-term vision to host tokenized securities worth trillions of dollars. Solana Pushes $500 Trillion Tokenization Dream In a post to its community on X on Friday, Solana emphasized that securities, including Nasdaq-listed Class A common shares, are already being issued on-chain with full shareholder rights.

Solana Up 2% But Are $77 Million In Outflows Cause For Concern?

Yesterday, the bulls breached the 50-day SMA, initiating the altcoin's bullish surge, which pushed the price to the 21-day SMA barrier, reaching a high of $230, Coinidol.com reports.

Solana Bounces But Struggles Around $230

Visionsys AI has announced an exclusive partnership with Marinade Finance to establish a solana-based treasury program worth up to $2 billion, with $500 million in SOL acquisitions planned in the first six months. The move underscores growing institutional interest in staking and solana's expanding role in corporate finance.

Visionys AI Launches $2 Billion Solana Treasury Program With Marinade Finance

Ethereum NFT collection Moonbirds is flying high again, with prices rising after the project announced plans to launch a Solana token.

Moonbirds Token BIRB to Take Flight on Solana as NFT Comeback Continues

Sharps Technology Inc. announced Thursday that it has authorized a $100 million stock repurchase program, pointing to its commitment to enhancing shareholder value.

Solana DAT Sharps Technology Announces $100 Million Share Repurchase Program

Last month the online retailer of gym and fitness equipment pivoted to becoming a Solana-based digital asset treasury.

Australian Solana treasury buys over 200 million PUMP tokens

CME Group started offering Bitcoin futures in 2017.

CME Group Eyes 24/7 Trading on Options and Futures Ahead of XRP, Solana Debut

Share buybacks can help communicate to investors a company believes its stock is undervalued relative to its holdings.

Solana treasury Sharps Technology eyes $100 million share buyback

A new project wants to give blockchains their own “fast lane” on the internet. The DoubleZero Foundation announced Thursday that its highly anticipated mainnet-beta is live.

DoubleZero Mainnet Goes Live With Nearly 21% of Staked SOL on Board

Solana (CRYPTO: SOL) rallied sharply alongside the broader market on Wednesday, but cryptocurrency bettors are not going overboard with lofty expectations for the year. SOL Set To Enter Record Territory?

Solana Ready For $320–$360 After Bullish Retest, Says Popular Crypto Analyst, But Polymarket Punters Bet SOL Is Going To This Level Instead

Ethereum

Prediction market users on Myriad are split on the path forward for Ethereum and Solana. The charts tell an interesting story.

Ethereum or Solana: Which Hits a New All-Time High First?

The SEC's decision to approve generic listing standards for spot cryptocurrency ETFs may open the door for up to a dozen new crypto ETFs beyond Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) within the next 60–90 days, according to experts. What Happened: ETF analyst David Nadig told CNBC on Monday that while these innovations improve trading flexibility and tax efficiency, they also add risk given the sheer volume of products.

Solana, XRP ETFs May Be Just The Start: Why You Need To Brace For The Crypto ETF Avalanche

Circle (CRCL), the crypto company known for its USDC stablecoin, introduced on Wednesday its tokenized U.S. Treasury fund offering to Solana, expanding its footprint to the blockchain known for low-cost transactions and fast settlement times.

Circle Expands $635M Tokenized Treasury Fund to Solana Amid Rapid RWA Growth

Shares in publicly traded firm VisionSys AI fell sharply Wednesday as it seeks to establish a Solana treasury with up to $2 billion in SOL.

VisionSys AI Stock Plummets on Plans to Buy Up to $2 Billion Worth of Solana

Cardano

Dogecoin

SOL, DOGE, and ADA surge past the broader market as crypto traders shrug off the U.S. government shutdown and Bitcoin tops $117K.

Solana, Dogecoin and Cardano Surge as Broader Crypto Market Rises

VisionSys AI Inc. (NASDAQ:VSA) plummeted by 45% to $1.89 on Wednesday after unveiling a pre-market partnership with Marinade Finance to launch a Solana-based treasury program valued at up to $2 billion. VisionSys Unveils $2B Solana Treasury Gamble With Marinade The initiative, unveiled Wednesday morning, positions VisionSys to acquire and stake up to $500 million in Solana (CRYPTO: SOL) within six months, with a long-term target of $2 billion.

VisionSys AI Stock Tanks 45% After Announcing $2 Billion Solana Treasury Partnership

Beijing-based VisionSys AI (VSA), a publicly-traded firm dedicated to brain-machine interface technologies and artificial intelligence systems, unveiled Wednesday a $2 billion Solana (SOL) treasury strategy, joining a growing trend of listed companies pivoting to digital asset treasury plays.

Solana Gets Another Treasury Firm with $2B Plan Backed by DeFi Protocol Marinade

VisionSys's stock fell 37.5% in pre-market trading following the news, while Marinade's MNDE token gained 2.3%.

Nasdaq-listed VisionSys plans Solana treasury in collaboration with Marinade Finance

Bitcoin

SINGAPORE – Institutional investors are quickly embracing CME's futures for XRP (XRP) and solana (SOL), both launched earlier this year, alongside steady growth in bitcoin (BTC) and ether (ETH) derivatives, according to Tim McCourt, the exchange's Global Head of Equity & FX Products.

XRP Futures See Institutional Adoption, Solana Futures Hit $1B OI in 5 Months, Outpacing Bitcoin and Ether: CME Group

The Nasdaq-listed Solana-focused treasury firm has added another high-profile crypto figure to its advisory board.

Solana-centric Upexi taps SOL Big Brain for advisory committee alongside Arthur Hayes

Investment platform Republic revealed plans on Wednesday to tokenize shares of crypto venture firm Animoca Brands on the Solana (SOL) blockchain, a move aimed at opening investor access through blockchain rails.

Republic to Tokenize Animoca Brands Equity on Solana to Broaden Investor Access

The SEC issued a "no action" letter to DoubleZero, saying that that its 2Z token does not resemble a security, days before its planned debut.

What an SEC No Action Letter Means for Solana DePIN Token DoubleZero

Litecoin

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

The Daily: Visa pilots stablecoin payments, Bloomberg's LTC, SOL and XRP ETF approval odds hit 100%, and more

If the U.S. government shuts down this week, several long-awaited cryptocurrency exchange-traded funds (ETFs) — including funds for solana SOL) and litecoin (LTC) — could be thrown into limbo just as they near the finish line.

Here's What Happens to Solana, Litecoin ETFs in U.S. Government Shutdown

Anchorage Digital will incorporate Solana swap and liquidity aggregator Jupiter into its institutional, self-custody wallet Porto.

News for Solana Crypto (SOL)