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

Solareum is closing up shop after acknowledging an apparent exploit that impacted hundreds of Solana users last week.

Solana Telegram Trading Bot to Shut Down After Users Drained of $523K

The W token airdrop is all set for this week, with over 400,000 wallets eligible to claim Wormhole tokens on Solana.

Wormhole Airdrop on Solana Just Days Away as Exchanges Prep Listings

Ethereum

A veteran trader is warning that Ethereum's (ETH) place as the dominant smart contract platform is not as set in stone as many believe.

Trader Says Solana Might Overtake Ethereum, Warns ETH's Prominence Doesn't Guarantee Permanent Dominance

Decentralized exchanges on Solana just had a record month as meme coins like Dogwifhat (WIF) and others continue flying.

Solana DeFi Trading Hits All-Time High Amid Meme Coin Frenzy

The FTX bankruptcy estate has announced the sale of 41 million locked Solana (SOL) tokens for $7.5 billion.

FTX Bankruptcy Estate to Sell 41 Million Solana Tokens for $7.5 Billion

The Solana Foundation has given its take on the offensive meme coin issue that originates on the Solana blockchain. Austin Federa, head of strategy at the Solana Foundation, sustained that the core components of Solana should be permissionless while blocking some of these offensive assets should be left to individual applications.

Solana Foundation Asserts Core Network Should Be Permissionless Regarding Offensive Meme Coin Issues

Bonk

dogwifhat

Anatoly Yakovenko, the co-founder of Solana Labs, expressed his skepticism about the idea of meme coins contributing to public good. His comments come amid the meteoric rise of Solana (CRYPTO: SOL) based meme coins like Dogwifhat (CRYPTO: WIF) and Bonk (BONK).

Amid Dogwifhat, Bonk Hype, Solana Co-Founder Isn't Convinced Doing Good Redeems Bad Meme Coins: 'Find This Logic To Be Nihilistic'

Dogecoin

An analyst who's been making timely altcoin calls as of late thinks that three crypto assets are almost ready to witness moves to the upside. Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he's bullish on Solana (SOL).

Top Trader Predicts Fresh Leg Up for SOL and One Solana-Based Altcoin, Updates Outlook on Dogecoin

BitMEX founder Arthur Hayes says that memecoins are a net positive for blockchain ecosystems, despite criticisms. In a new interview with Real Vision founder Raoul Pal, Hayes says memecoins are a “powerful” form of expression for the masses.

BitMEX Founder Arthur Hayes Says Memecoin Explosion Provides Positive Value for One Major Ethereum Rival

Hundreds of Solana users have had their wallets drained, and many are pointing fingers at Telegram trading bots for a private key leak.

Solana User Wallets Drained of $523K as BONKbot Team Denies Link

Panelists at a BUIDL Asia summit said racist meme coins can be handled with a light touch.

Solana Foundation Says It Can Filter Through the Offensive Meme Coin Problem

Two Solana (SOL)-based altcoins surged in price after Coinbase announced they could soon be trading on its platform. On Tuesday, the top US crypto exchange added Shadow Token (SHDW) and Neon EVM (NEON) to its listing roadmap, which alerts customers that the company could soon add support for certain assets.

Two Solana-Based Tokens Surge After Coinbase Announces Surprise Roadmap Listing

The FTX estate's sales of locked solana have seen strong demand, according to multiple sources, with multiple funds vying for the tokens.

FTX estate's $7.5 billion sale of locked solana attracts strong interest

A widely followed crypto analyst says that smart contract platform Solana (SOL) looks bullish on multiple timeframes. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.45 million YouTube subscribers that Solana's weekly and monthly charts foreshadow a 35-45% breakout for the Ethereum (ETH) rival above the $300 price tag.

Here's How High Solana (SOL) Could Surge, According to Coin Bureau's Guy Turner

A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market.

Analyst Says Next Leg up Incoming for Altcoins, Updates Outlook on Solana and Two Other Crypto Assets

Avalanche

Gaming-centric layer-1 network Saga is set to launch its mainnet in April, and that means the airdrop claim is nearly over. Are you eligible?

Saga Airdrop Is Ending—Here's Who Can Still Claim on Avalanche, Solana, and More

The price of Solana (SOL) has continued its uptrend and returned above the 21-day SMA. Price analysis by Coinidol.com.

Solana Recovers At A Price Of $210 And Takes Up The Challenge

The crypto markets are showing signs of recovery after a sharp sell-off last week, with Bitcoin (BTC) reclaiming the $70,000 level.

Solana and Avalanche Lead Crypto Market Recovery

Shiba Inu

A crypto strategist who accurately called the latest Bitcoin (BTC) correction says the top meme token Shiba Inu (SHIB) may be mirroring a pattern last seen during the 2021 bull market.

Trader Says Shiba Inu May Be Repeating 2021 Bull Market Pattern, Updates Outlook on Solana and Dogecoin

Bitcoin is edging back toward the price discovery zone, and altcoins are poised to follow its lead—despite a subdued response from traders.

Solana, Avalanche Post Big Gains as Crypto Market Rebounds

Solana's new NFT standard is cheaper and more efficient, plus Metaplex is giving half of all-time protocol fees in MPLX to the DAO.

Solana Gets New NFT Standard, Metaplex Will Give Fees to DAO for Potential MPLX Rewards

With crypto booming in 2024, it is not surprising that meme coins have been a huge part of the craze. Older meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB) have performed well and led the way, while a host of new meme coins have risen the ranks and are continuing to perform well.

Solana Meme Coin Mania Continues, Coinbase's BASE L2 May Be the Next Big Opportunity For Memecoin Investors

The cryptocurrency market has recently been abuzz with the remarkable ascent of Book of Meme (BOME), a meme coin within the Solana (CRYPTO: SOL) ecosystem, which has seen a significant price increase. This surge is attributed to various factors, including a notable rise in open interest among derivatives traders, The Daily Hodl reports.

Latest Solana Meme Coin Skyrockets Tens Of Thousands Of Percent In Just 10 Days

Bitcoin

Bitcoin, Ethereum, and Solana experienced sizable drops Friday as traders speculated on the impact of the upcoming Bitcoin halving event.

Crypto Market Sees Red as Bitcoin, Ethereum, Solana Dip Ahead of Halving

Ethereum's (ETH) leading challenger is dominating global investor interest among blockchains examined by crypto data aggregator CoinGecko. According to CoinGecko, smart contract platform Solana (SOL) is by far this year's top blockchain based on an analysis of the web traffic shares of 58 blockchain ecosystems from January 1st to March 18, 2024.

News for Solana Crypto (SOL)