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

A new seal-themed meme coin is gaining traction in the Solana ecosystem – and investors are taking notice. With a presale that has already raised over $700,000, Sealana (SEAL) may just be the next big thing to explode onto the scene.

New Solana Meme Coin Presale ‘Sealana' Has Just Raised $700K – Next Crypto to Explode?

The GME memecoin, which borrows GameStop's stock ticker but has no official affiliation, traded more than 460% higher on Tuesday.

Solana memecoin GME pumps 460% in a day as ‘Roaring Kitty' reappears

Solana DEX Zeta Markets has raised $5 million in a token round ahead of its token launch, airdrop and Solana Layer 2 rollup.

Solana DEX Zeta Markets raises $5 million in token round

These Solana meme coin developers fought valiantly for fame and riches, but gained just four viewers while losing one tooth in the process.

Solana Meme Coin Devs Fight on Livestream to Pump Price—Until One Loses a Tooth

Polygon

Crypto OTC liquidity network Paradigm on Monday announced a block trading facility for linear options tied to MATIC, SOL and XRP. Trades facilitated by Paradigm will be submitted to Deribit for execution and clearing.

Paradigm Unveils 'Block Trading' Facility for MATIC, SOL, XRP Options

Among the 14,500 tokens deployed on Solana through pump.fun were more than a few GameStop-themed tokens.

GameStop Meme Coins Are Taking Over Solana as Pump.fun Sets Record

An altcoin inspired by the Gamestop (GME) short-squeeze frenzy of 2021 has exploded over 2,000% after the movement's leader made an internet appearance for the first time in nearly three years.

Gamestop Memecoin on Solana Explodes 2,113% After Movement Leader ‘Roaring Kitty' Suddenly Returns to X

The GME tribute meme coin on Solana is blasting off Monday, delivering sizable returns outpacing those of GameStop shares.

GameStop Tribute Meme Coin on Solana Surges 1,900% as GME Fever Returns

Stocks related to Keith Gill surged while opportunistic developers issued scores of meme coins on various blockchains to capitalize on the hype.

Solana Memes, GameStop Stock Jumps 44% in Premarket as 'Roaring Kitty' Returns on X

The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network's heavy reliance on Circle's centralized stablecoin usd coin (USDC).

Solana's Defi Landscape to Shift With Marginfi's Introduction of YBX Stablecoin

Ethereum

The Ethereum co-founder is proposing some significant changes to the network's gas fee structure. Would it make it more like its chief competitor?

Will Vitalik Buterin's Gas Fee Proposal Make Ethereum More Like Solana?

Bonk

Shiba Inu

Crypto trader Unipics, also known as “Bonk Guy,” shared his bullish outlook on Bonk (CRYPTO: BONK), forecasting an imminent explosive rally. What Happened: “Bonk guy” attributes BONK's recent weakness, particularly on weekends, to the ongoing vesting of tokens to OpenBook users.

'Shiba Inu On Solana' Bonk In For An 'Explosive Rally,' Millionaire Trader Predicts

In a recent funding initiative, the Solana-based Agridex project secured $5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops Limited and Oldenburg Vineyards.

Agridex Raises $5 Million to Expand Agricultural Tokenization on Solana

Bitcoin

Chainlink

A closely followed crypto trader believes that Bitcoin (BTC) and two altcoin projects are gearing up for massive rallies. Pseudonymous analyst Inmortal tells his 213,200 followers on the social media platform X that, based on the historical duration of market cycles, Bitcoin has much higher to go.

Trader Says Bitcoin (BTC), Chainlink (LINK) and One Ethereum Rival Setting Up for Rallies

AgriDex, a Solana-based platform focused on tokenizing agricultural commodities, has raised $5 million in a pre-seed funding round.

Solana-based tokenization platform AgriDex raises $5 million, plans token airdrop

AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).

Solana-Based Marketplace AgriDex Raises $5M to Tokenize Agricultural Industry

A widely followed crypto analyst and trader is expressing bearish sentiment on a top-50 memecoin by market cap. The analyst pseudonymously known as Bluntz tells his 258,100 followers on the social media platform X that dogwifhat (WIF), which is built on the Solana (SOL) blockchain, could drop by around 66% from the current level.

Top Analyst Predicts Massive Drop for Solana-Based Memecoin That's Exploded Over 42x in Four Months

The price of Solana (SOL) bounces and moves positively above the 21-day moving averages.

Solana Reaches A High Of $160 And Begins Its Upward Trend

The Lehman Brothers-driven global financial crisis of 2008 showed the danger of spreading money around too much.

Restaking Is Hot in Ethereum and Entering Solana. Should We Worry?

Another batch of locked Solana tokens from the FTX estate is being auctioned this week, with bidding set to start shortly.

FTX estate's auction for third tranche of locked Solana gets underway

Glauber Contessoto, better known as "SlumDOGE Millionaire" on social platforms, drew attention to the price trajectory of Solana (CRYPTO: SOL), the fifth-largest cryptocurrency by market cap, over the past year. What Happened: The popular crypto trader, who built a fortune investing in Dogecoin (CRYPTO: DOGE), casually asked his 328.8k-strong community, "I put $250K into $ADA at 24 cents.

If You Invested $250K In Solana A Year Ago, You Would Have Whopping $1.65M Today

While most of the top cryptocurrencies are trading sideways or slightly down, Solana (SOL) stands out with a nearly 2.28% increase over the past day.

Solana Gains 5%, While Bitcoin and Ethereum Experience Minor Dips

Dogecoin

Pepe

A closely followed crypto trader believes that Solana (SOL) just witnessed its last major correction for this market cycle. Pseudonymous analyst Inmortal tells his 213,300 followers on the social media platform X that SOL bulls successfully defended support at around $120.

‘Last Dip Ever' – Analyst Predicts Solana Rally, Says Three Memecoins Will Surge Alongside SOL

Solana-based DePIN project Ambient has raised $2 million ahead of token launch and has also acquired PlanetWatch.

Solana DePIN Ambient raises funds ahead of token launch, acquires PlanetWatch

Cosmos

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

News for Solana Crypto (SOL)