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

President Trump's official memecoin has risen 30% over the last 24 hours, with $3.4 billion of trading volume.

Official Trump memecoin surges 30% as Solana tokens pace the market

Pump.fun users can buy, create tokens for free and manage their digital portfolio in the platform's new iOS and Android app.

Solana memecoin launchpad Pump.fun launches mobile app

Solana's bridges have achieved a significant milestone, reaching an all-time inbound volume of $10.1 billion as of Feb. 10, 2025, according to a data dashboard by analyst h4wk.

Record $10.1 Billion Inbound Volume Reached by Solana Bridges

Binance founder Changpeng Zhao , known as “CZ,” ignited a meme coin frenzy and subsequent backlash in the crypto community after sharing a story and photos of his dog, a Belgian Malinois named Broccoli. While CZ explicitly stated he was not creating a meme coin himself, the post prompted the launch of hundreds of tokens bearing the dog's name on the BNB Chain (CRYPTO: BSC).

Binance Founder CZ Sidelines XRP, Solana And Sparks BNB Chain Meme Coin Frenzy With His Dog 'Broccoli'

The maximum DOOD token supply sits at 10 billion, with its largest allocations going to the Doodles community and an ecosystem fund.

NFT brand Doodles to launch Solana-based token called DOOD

Doodles CEO and co-founder Scott Martin opened up about how the NFT brand is shifting gears. First up: a DOOD token launch on Solana.

Ethereum NFT Brand Doodles Reveals Solana Token Amid Pivot Away From 'Extractive' Corporate Deals

Blockchain tracking firm Lookonchain says a crypto whale suddenly withdrew $5 million worth of Solana (SOL) to possibly buy more artificial intelligence (AI) related tokens.

Mysterious Whale Withdraws $5,000,000 in Solana From Coinbase, Potentially To Accumulate AI Coins: Lookonchain

Much of the revenue was generated in November which topped $367 million or nearly $100 million more than the revenue generated in the entire previous quarter.

Solana Application Revenue Skyrockets to $840M in Q4 2024

Neiry Lab, the research firm behind the Pythia AI rat experiment, is set to roll out a feature that will pay users to sell their EEG data.

'Think-to-Airdrop': Russian Neurotech Startup Plans to Offer Solana Token for Brainwaves

Crypto streaming music platform Audius is marking 250 million total plays with an airdrop for artists—and rewards ahead for users, too.

Audius Launches Solana Token Airdrop for Artists as Music Streams Top 250 Million

Wall Street giant Franklin Templeton said on Wednesday that its OnChain U.S. Government Money Fund, aka FOBXX, is now available on Solana.

Franklin Templeton Expands Money Market Fund to Solana Ahead of Rival BlackRock

The move comes after Securitize linked to Solana to bring tokenized real-world assets to the network.

Franklin Templeton Expands $594M Market Money Fund to Solana

FOBXX, which invests in U.S. government debt, launched on Stellar and trades on Coinbase's Base, Aptos and Avalanche as well as Sui.

Franklin Templeton extends FOBXX fund to Solana, marking its latest blockchain extension

Cardano

Bitcoin

Ethereum

Attention in the crypto sector is shifting away from memecoins and moving towards large-cap layer-1 projects, according to the digital asset analytics firm Santiment. Santiment notes traders are more focused on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON) and Cardano (ADA), which the firm says suggests a healthier crypto market dynamic.

Attention Shifting Away From Memecoins to Bitcoin, Ethereum, Solana and Cardano: Santiment

The chief executive of crypto exchange Abra believes Bitcoin (BTC) and other top digital assets may hit massive price targets this cycle for one main reason. Bill Barhydt says that economic policies under US President Donald Trump may inject a huge amount of liquidity into the markets causing crypto assets to soar to astronomical prices.

Abra CEO Unveils Massive ‘Base Case' Price Targets for Bitcoin, Ethereum, Solana and Sui

Fund issuers are rushing to capitalize on a newfound openness to crypto, though some have voiced reservations around meme coin ETFs.

SEC Opens Public Comment on Four Solana ETFs in Next Step Toward Possible Approval

Hester Peirce, the SEC's new crypto task force boss, has said that most meme coins probably do not fall under the regulator's purview.

Meme Coins Like Solana's TRUMP Probably Not Under SEC Jurisdiction: Commissioner

So far, the process to launch Solana ETFs is mirroring what transpired when issuers were seeking to launch spot bitcoin products.

SEC acknowledges spot Solana ETF filings from 21Shares, Bitwise, Canary and VanEck

The regulator could reach a decision at the end of a 21 day comment period.

Canary's Solana ETF Reaches Next Stage in SEC Review

Elon Musk changed his X name to Harry Bōlz after defending one of his DOGE acolytes, with the shift sparking Solana meme coin surges.

DOGE Boss Elon Musk Changes Name on X, Sends Solana Meme Coins Flying

The cryptocurrency market saw Layer-1 blockchain market capitalizations rise by 6% in January 2025, despite mixed performance across different segments of the industry, according to a report by J.P. Morgan (NYSE:JPM).

Bitcoin, Solana Rise In January, But Ethereum Lagging: JPMorgan

Regulatory filings show momentum for crypto ETFs, with Bloomberg estimating a 70% approval chance for spot Solana ETFs in the U.S.

Sol Strategies tapped as staking provider for 3iQ's proposed Solana Staking ETF in Canada

Dogecoin

Litecoin

Spot altcoin ETFs stand a good chance of being confirmed in 2025, according to Bloomberg ETF analysts. What Happened: Senior Bloomberg ETF analyst Eric Balchunas on Monday stated that Litecoin (CRYPTO: LTC) has the highest ETF approval odds at 90%.

Ranking The XRP, Dogecoin, Solana, Litecoin ETF Approval Chances: One Altcoin Has A 90% Chance, Bloomberg Analyst Says

Solana (SOL) has declined since its rejection of the $260 top price.

Solana Resumes Its Sideways Trend Above $190

Ethereum‘s (CRYPTO: ETH) underperformance compared to other big cryptocurrencies has caused a stir in the crypto community, but its leadership maintains that its culture is the key to long-term success. What Happened: According to Devansh Mehta, public goods and governance lead at the Ethereum Foundation, Ethereum's strong, community-driven culture focused on openness, transparency and challenging authority is Ethereum's core strength.

News for Solana Crypto (SOL)