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 SOL surged 5% in after U.S. hours on Tuesday on a Blockworks report saying that U.S. regulators are moving forward in the regulatory process necessary to make spot SOL exchange-traded funds (ETF) reality.

Solana's SOL Jumps 5% on Report of Spot ETF Development

Cardano

Stellar

The Nasdaq has updated its crypto index to include XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA). The Nasdaq Crypto US Index (NCIUS) aims to measure the performance “of a material portion” of the overall digital asset market, per the Nasdaq Global Indexes website.

Nasdaq Includes XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA) in Firm's Crypto Index

Ethereum

French banking giant Societe Generale announced plans to launch a U.S. dollar-pegged stablecoin called USD CoinVertible (USDCV) on Ethereum and Solana, potentially becoming the first major European bank to do so.

French bank Societe Generale to launch US dollar-pegged stablecoin on Ethereum and Solana

SG Forge, the cryptocurrency division of French bank Société Générale, plans to introduce a dollar-backed stablecoin on the Ethereum and Solana blockchains, the bank said on Tuesday.

SocGen's Crypto Arm Unveils Dollar Stablecoin on Ethereum and Solana

Bitcoin

A poorly received 20-year bond auction caused Bitcoin's price to suddenly drop last month.

Bitcoin, Solana Rise as U.S. and China Agree to Trade Talks Ahead of Key Bond Auction

Solana's SOL SOL posted a solid recovery over the past 24 hours, rising as much as 4.83% before retreating to trade around $152.16. While volatility remains elevated, the cryptocurrency has formed a pattern of higher lows, suggesting underlying strength amid a fragile macro backdrop.

Solana Holds Above $152 as Second Round of US-China Talks Raise Hopes for Market Calm

The Central African Republic (CAR) is set to launch a new platform allowing global investors to purchase tokenized land concessions using the CAR token on Solana. President Faustin-Archange Touadéra stated that these land parcels are cleared, registered, subdivided, and connected by roads, making them ready for agriculture or construction.

Central African Republic to Launch Tokenized Land Sales on Solana

Since late May—spanning the past 17 days—the price gap for bitcoin in South Korea has climbed, topping a 3% difference by month's end. As of Sunday, June 8, bitcoin is trading in the country at more than $1,500 above the worldwide average.

Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea

Smart ring startup Cudis rewards users with crypto—via its new Solana and BNB token—for building consistent, healthy habits.

Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement

SOL showed renewed strength Saturday as it rebounded from a low of $147.13 to trade back above $151, despite lingering global macroeconomic headwinds. The recovery comes amid a spike in on-chain activity, with Coin Days Destroyed surging to 3.55 billion—its third-highest level this year—indicating movement of long-dormant tokens.

Solana 's SOL Rebounds as Buyers Step In Above $147

1inch's share jumped from 32% in March to 60% in May, fueled by its strategic entry into the Solana ecosystem amid a memecoin trading surge.

1inch reclaims DEX aggregator lead with 60% market share after Solana expansion

SOL Recovers to $147 After Flash Crash Shakes Out Weak Hands

Dogecoin

Bitcoin is back near $100K as major alts like Ethereum, Solana, and Dogecoin dive amid Trump and Musk drama—but Circle had a great day.

Bitcoin, Solana and Dogecoin Plunge as Circle Stock Surges After IPO

Solana (SOL) continues to face mounting bearish pressure as the price slid below the psychological $150 level, marking a 5.2% drop in the past 24 hours.

SOL Slips Below $150 as Whale Outflows Weigh on Market Sentiment

The birth went just fine. But the meme coin?

Dad Livestreams Birth of Baby 'Solana' to Pump Meme Coin—Then It Got Weird

Chainlink

Maple Finance, a cryptocurrency lending firm offering decentralized finance-like (DeFi) yields to institutions, has expanded into the Solana ecosystem with the help of Chainlink's Cross-Chain Interoperability Protocol (CCIP).

Crypto Lender Maple Finance Expands to Solana With Chainlink

NBA star Tristan Thompson spoke with Decrypt at Bitcoin 2025, dishing on assets and athletes alike as he navigates the crypto space.

'Bitcoin Is Michael Jordan', Says NBA Star Tristan Thompson—So Who's Ethereum, Solana and XRP?

In today's Crypto for Advisors, Josh Olszewicz from Canary Capital provides a breakdown of Solana - where it came from, and what's happening with the asset today.

Crypto for Advisors: Breaking Down Solana

The spat between Elon Musk and President Trump has spawned an unflattering meme and the Kill Big Beautiful Bill, or KBBB, Solana meme coin.

Donald Trump, Elon Musk Clash Over DOGE Sparks $53 Million Solana Meme Coin

The token furthers CUDIS's approach to decentralized health by giving users a say in governance decisions and access to marketplace rewards.

DeSci health startup CUDIS to launch native token on Solana

Bybit has introduced Ecopedia, a collaborative blockchain ecosystem wiki developed with Circle, Tether, Solana, and Sui, aiming to provide structured and accessible crypto education. Ecopedia: A Collaborative Blockchain Ecosystem Wiki Bybit has launched Ecopedia, a collaborative blockchain ecosystem wiki developed in partnership with Circle, Tether, Solana, and Sui.

Bybit Partners With Circle, Tether, Solana, and Sui to Introduce Ecopedia

Solana (SOL) saw a sharp pullback after touching a high of $163.65, shedding nearly 6% before recovering to trade above $157 by Tuesday morning. The price action reflects heightened market volatility as bulls and bears vie for control near key psychological levels.

Solana Holds Above $157 as Bulls Regain Control After Sharp 6% Reversal

An analyst who has earned the Master Trader rank on the crypto exchange Bybit thinks Solana (SOL) looks good after recovering a key support level.

Analyst Says Solana Flashing ‘Very Promising' Bullish Setup, Predicts Rallies for Two Low-Cap Altcoins

Another Nasdaq-listed company is adopting a crypto-buying strategy—but not with Bitcoin.

Publicly Traded Edtech's Stock Soars 44% After Solana Treasury Pivot

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

News for Solana Crypto (SOL)