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) price have fallen below the moving average lines after being rejected at the $200 level.

Coinidol.com: Solana Slides To Its Lowest Price At $93

Recently, more digital asset treasuries are using share buybacks to narrow NAV discounts and support share prices.

Solana Company approves share buyback plan for up to $100 million

“Harmonic brings Solana closer to being the onchain Nasdaq,” Harmonic co-founder Jakob Povšič told The Block.

Paradigm leads $6 million seed round for Harmonic, aiming to help Solana reach Nasdaq speed

The platform is co-founded by a former cannabis entrepreneur.

Iggy Azalea Joins Token Launchpad for Celebrities on Solana as Creative Director

Bitcoin

Ethereum

Bitcoin and ether ETFs extended their losing streaks on Tuesday, shedding a combined $797 million, while solana ETFs once again defied market gravity, drawing in $15 million in new capital.

Bitcoin and Ether ETFs Bleed $797 Million as Solana Defies the Downtrend

Bitcoin slid to just above $100,000 late Monday before a slight rebound to $101,000, as a wave of forced liquidations and renewed macro jitters erased billions in speculative positions across crypto markets.

Bitcoin Bounces Near $100K, ETH, SOL, XRP Drop 6-10% as Bulls See $1.6B Liquidations

Bitcoin and ether exchange-traded funds (ETFs) kicked off November with heavy outflows totaling over $320 million, while solana ETFs stood out once again, attracting $70 million in fresh inflows to extend their early winning streak.

Solana ETFs Shine as Bitcoin, Ether Funds Bleed Over $300 Million

SOL slid 17% to $166 as market sentiment on the Crypto Fear & Greed Index fell to 21, indicating extreme fear.

Solana News: Western Union All-In, Inflows and RWAs Skyrocket

Upexi also reported an 82% increase in adjusted SOL per share and a 96% return for investors since its April private placement.

Solana treasury firm Upexi's holdings climb 4.4% to over 2.1 million SOL

Solana's SOL token has fallen to its lowest level since August, breaking below the upward trendline, representing the bull run from April lows.

Solana's Bull Party Ends: Trendline Smashed, Fib Eyed

Bitcoin began November under pressure after closing out its worst October in ten years, slipping below $105,000 earlier Tuesday as selling across majors deepened in the wake of last week's Federal Reserve decision.

Ether, Solana, XRP Drop 8% in Fresh Move Lower, But Bitcoin Could See a Bullish November

Bitcoin's sharp drop from $112,000 to below $106,000 on Monday triggered one of the largest liquidation waves in weeks, wiping out more than $1.27 billion in leveraged futures positions across crypto markets.

Bitcoin, Ether, Solana Traders Liquidated for Over $1B as Prices Dump 5-10%

The long-awaited debut of spot Solana ETFs in the U.S. drew solid demand, according to analysts — but you would not know it judging by the SOL SOL$165.55 price action.

Solana's SOL Bleeds Nearly 20% Since ETF Debut Despite 'Very Solid' Inflows

The final week of October delivered a mixed performance for crypto ETFs. Bitcoin funds bled nearly $800 million, ether products held steady with modest inflows, and solana ETFs stole the spotlight with a $199 million debut, signaling a shifting behavior in investor sentiment.

ETF Recap: Bitcoin ETFs Bleed $799 Million as Solana ETFs Soar in Debut Week

Prominent market commentators are taking profits on their Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) positions, reflecting growing bearish sentiment across the crypto market. What Happened: Crypto trader DonAlt has issued his first bearish signal on Bitcoin since it traded at $88,000, warning traders to stay cautious as the broader crypto market weakens.

Bitcoin, Ethereum, Solana, XRP Crater 5% As Traders Warn Of More Downside

Bitwise is intensifying its conviction in Solana, viewing SOL as the prime beneficiary of institutional inflows, tokenization growth, and real-world adoption driven by unmatched speed, scalability, and unstoppable developer and market momentum.

Bitwise Turns Ultra Bullish on Solana With Bitcoin-Like Upside and Institutional Heat

Bitcoin and ether exchange-traded funds (ETFs) wrapped up the week in the red with combined outflows exceeding $290 million, while solana ETFs extended their winning streak with a $44 million inflow, marking a resilient close to October's final trading day.

Bitcoin and Ether ETFs Drop $290 Million as Solana's Green Run Continues

Spot Bitcoin and Ethereum ETFs also saw net positive inflows over the month of October, on significantly elevated trading volume.

‘Big time debut': U.S. spot Solana ETFs draw $200 million in inflows during short debut trading week

Bitwise‘s Chief Investment Officer Matt Hougan says the best crypto investments offer "two ways to win," pointing to Bitcoin (CRYPTO: BTC) and Solana (CRYPTO: SOL) as prime examples. What Happened: In a detailed X thread, Hougan explained that Bitcoin investors benefit both from the expansion of the global "store of value" market, now worth roughly $27.5 trillion (gold $25 trillion, BTC $2.5 trillion), and from Bitcoin gaining a larger share of that market.

Solana, Bitcoin Are The 'Two Ways To Win' In Crypto, Bitwise's Matt Hougan Says

Solana SOL$182.49 tumbled 8% on Thursday, extending this week's slide despite the long-anticipated debut of the first spot-based Solana ETFs in the U.S.

Solana Tumbles 8%, Erasing All Year-Over-Year Gains as Spot ETF Debuts Fail to Boost Price

Solana's ( SOL) derivatives market is flashing heightened activity this week as futures and options traders recalibrate positions following the launch of two new exchange-traded funds (ETFs) tied to the token.

ETF Momentum Fuels Solana Derivatives Boom Across Top Exchanges

CME's Solana and XRP futures hit record notional open interest on Monday.

How Solana and XRP Futures Became CME's Fastest Growing Crypto Products

Cardano

Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA) are flashing buy signals even as both coins plunge 8%. Solana Price Defends $185 Channel Base As Bulls Eye Reversal SOL Price Action (Source: TradingView) Solana trades near $185, down 4.5% in the last session, as the market absorbs sharp volatility.

Solana, Cardano Crater 8% As Bitcoin Dip Causes Another Altcoin Disaster

Bitwise Asset Management said investing in solana SOL$183.07 is effectively making two bets: that the stablecoin and tokenization infrastructure market will grow dramatically, and that the Solana blockchain will secure a larger share of that market.

Crypto Asset Manager Bitwise Makes Case for Solana's Next Big Run

Bitcoin and ether ETFs saw steep redemptions totaling over $550 million on Wednesday, snapping the recent rally. Solana ETFs, however, defied the market mood with a strong $48 million inflow, highlighting growing investor appetite for the rising Layer-1 token.

News for Solana Crypto (SOL)