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

With the new Seeker phone set to ship in August, Solana Mobile unveiled plans for a new SKR token to fuel an open ecosystem of devices.

Why Solana Mobile Is Launching a Token Alongside Its New Android Phone

A high-profile whale on Hyperliquid has made headlines for massive unrealized gains across Solana (CRYPTO: SOL) and Fartcoin (CRYPTO: FARTCOIN), despite a steep loss on an XRP (CRYPTO: XRP) position. According to data from HyperDash, the whale is currently up over $10 million in unrealized profit on long positions in HYPE, SOL and FARTCOIN.

Solana, Fartcoin Whale Trader Up $10 Million But Down 6 Figures On XRP Short: What Gives?

Solana Labs' mobile team shared Wednesday that it plans to ship its Seeker phone starting Aug. 4, in addition to sharing new information about some of its infrastructure framework as well as a new token for its mobile users.

Solana's Seeker Phone Coming in Early August Along With SKR Token

Solana Mobile has unveiled plans to launch its own token, SKR, and introduce its decentralized architecture called TEEPIN.

Solana Mobile unveils SKR token plans, confirms Seeker shipping date

Solana developers are planning what could be the blockchain's most ambitious core upgrade to date — one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.

Solana Could Soon Witness Its Largest Consensus Change as Developer Proposes 'Alpenglow'

Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token's value accrual mechanism.

Solana Chain Extension Sonic SVM Introduces New Token Burn Program

A tokenized version of a major private credit fund managed by Apollo will arrive on Solana's SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network.

Apollo's Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands

Solana's (CRYPTO: SOL) price has retraced slightly, trading around $167, up 3.6% and extending its monthly gain to over 20%. The price action follows the U.S. Securities and Exchange Commission's (SEC) delay of its decision on multiple spot Solana ETF applications, in spite of on-chain metrics supporting the bullish sentiment.

Solana Price Unshaken Amid DApp Boom And Alpenglow Possibility, ETF Decision Delayed

True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday.

True Markets Raises $11M in Series A, Launches Mobile-First DeFi Trading App on Solana

The cryptocurrency market continues to respond to broader economic factors as Solana demonstrates resilience amid global trade uncertainties. SOL's price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance levels with institutional-grade volume suggesting accumulation despite a brief 1.35% correction in recent hours.

Solana (SOL) Surges 6% on Bullish Reversal and DeFi Activity Toward $180

The Commission pushed back its deadline on proposals from 21Shares, Bitwise, VanEck and Canary Capital.

SEC Delays Decision on Solana ETF Filings

Votor will enable nodes to run two concurrent voting paths in parallel, theoretically boosting transaction speed and scalability.

Solana Labs spinout Anza proposes Alpenglow, ‘the biggest change to Solana's core protocol'

Chainlink

Chainlink's CCIP is now live on Solana, enabling cross-chain transfers between Solana and major blockchains like Ethereum and BNB Chain. Chainlink's Cross-Chain Protocol Goes Live on Solana Chainlink's Cross-Chain Interoperability Protocol (CCIP) is now operational on Solana, marking its first deployment on a non-Ethereum Virtual Machine (EVM) blockchain via the v1.6 upgrade.

Chainlink CCIP Launches on Solana, Linking $19B in Assets

The SEC pushed back its deadline on whether to move forward with two proposed Solana exchange-traded funds and asked for public comment.

SEC delays decision on 21Shares and Bitwise Solana ETFs, opens public comment period

Ponke is exploring the opportunity to produce blind box collectibles, high-end toys, and cannabis products as part of a new partnership.

Solana Meme Coin Ponke Set to Release Collectibles, Apparel Via JCorp Spinout

Bonk

DeFi Development Corp. (Nasdaq: DFDV), a public company with a crypto treasury strategy focused on accumulating solana ( SOL), has announced a strategic partnership with BONK, a popular community memecoin in the Solana ecosystem.

Solana Treasury Company DeFi Development Corp. Partners With BONK Memecoin to Launch Validator Node

Ethereum

A closely followed crypto strategist believes Ethereum (ETH) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago. Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum's market structure on the three-day chart looks very similar to its early 2020 price action.

‘History Rhymes' – Analyst Sees Ethereum Sparking 2020-Style Rallies, Outlines Path to New All-Time High for Solana

In the first quarter of 2025, Solana's blockchain protocol recorded its strongest performance in a year, with total application revenue rising to $1.2 billion. January was particularly notable, accounting for nearly 60% of the quarter's total revenue. Pump.

Pump.fun Leads Revenue Surge as Solana Has Best Quarter in 12 Months

Nasdaq-listed DeFi Development Corp. is adding to its Solana connections, teaming up with one of the network's top meme coins.

DeFi Development Corp. Stock Hits New High Following Solana Buys, Bonk Collab

The so-called "AWS of blockchain" has acquired Solana infrastructure provider DexterLab used by Google, Chainstack, and the Solana Foundation.

Alchemy acquires Solana infrastructure provider DexterLab as it continues expansion beyond Ethereum

Blockchain development platform Alchemy said it has acquired Solana developer DexterLab for an undisclosed fee.

Alchemy Acquires Solana Developer DexterLab for Undisclosed Sum

Nasdaq-listed DeFi Development Corp. (DFDV) jumped 30% on Friday to fresh record highs after unveiling a partnership with Solana's top memecoin BONK and purchasing another batch of Solana's SOL SOL tokens.

DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases

Solana (CRYPTO: SOL) is trading at $172.98, with a dip of 0.14% in the last 24 hours. The dip came after the users witnessed an NFT hack, in spite of the growing institutional use case of SOL.

Solana Price Dips Amid NFT Hack; But Golden Cross Is Near

Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.

'Internet Capital Markets' Explode as Companies Launch Products on Solana

Lyft, a ride-sharing company with over 2 million drivers, will leverage Hivemapper, a Solana-based DePIN application, as a low-level, street-focused mapping solution. Lyft will implement solutions provided by Bee Maps, a company that utilizes Hivemapper-based software.

News for Solana Crypto (SOL)