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

Nasdaq-listed firm Sharps Technology (STSS) rallied as much as 70% on Monday on raising $400 million to establish what it says could become the largest corporate digital asset treasury of Solana (SOL).

Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

Bitcoin

Ethereum

Galaxy Digital (NASDAQ:GLXY), Multicoin Capital, and Jump Crypto are in discussions with investors to raise approximately $1 billion for a Solana (CRYPTO: SOL)-focused treasury vehicle. What Happened: The initiative, which would become the largest dedicated reserve for the token, is being structured with Cantor Fitzgerald LP as lead banker, Bloomberg reported, quoting sources.

Solana To Follow Bitcoin, Ethereum With $1 Billion Raise By These Three Crypto Firms

As the cryptocurrency market comes to terms with Ethereum's (CRYPTO: ETH) record highs, predictions about Solana (CRYPTO: SOL) hitting its magic number have also surged. New SOL Highs In A Few Weeks?

Solana's Big Moment Coming? Analyst Says The Crypto Could Hit New All-Time Highs Right After Ethereum's Surge

Galaxy Digital, Multicoin Capital and Jump Crypto are looking to raise $1 billion to build a treasury dedicated to Solana's SOL (SOL), Bloomberg reported on Monday.

Crypto Giants Galaxy, Jump and Multicoin Seek $1B to Raise Largest Solana Treasury: Report

The firms plan to acquire a publicly traded company and convert it into a Solana treasury firm, with the deal expected to close in early September.

Galaxy, Jump and Multicoin seek $1 billion to create Solana treasury firm: Bloomberg

﻿Solana (SOL) continued its uptrend, reaching its previous high of $206 for the third time on August 24.

Solana's Bullish Rise Stops At The $206 Mark

At half the launch price of the Saga, the Seeker is a less luxurious, but much more useful and reasonable Android option for Solana users.

Solana Seeker Review: A More Measured Crypto Phone

XRP and Solana are showing signs of strength again, with traders pointing to both institutional flows and technical setups as catalysts for a fresh rally.

Watch Out For XRP and Solana as Price Action Flashes Bullish Signals, Analyst Says

The VanEck JitoSOL ETF filing comes after regulators determined earlier this month that liquid staking is not a securities transaction.

VanEck Files to Launch ETF With Jito's Liquid-Staked Solana Tokens

Dogecoin

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

The Daily: Ether, Solana, Dogecoin lead crypto rally, Bitcoin whale rotates into ETH, VanEck files JitoSOL ETF, and more

Fed chair's dovish pivot sends crypto markets flying, with Ethereum, Solana, and Dogecoin leading the altcoin rally.

Crypto Booms as Fed Goes Dovish: Here's What It Means for Ethereum, Solana and Dogecoin

Asset manager VanEck has filed to launch a staked solana (SOL) exchange-traded fund (ETF), signaling continued interest in bringing blockchain-native yield-bearing assets to traditional investment rails.

VanEck Aims to Take Solana's Liquid Staking to TradFi Investors Via JitoSOL ETF

Global asset manager VanEck has filed for approval of a JitoSOL exchange-traded fund (ETF), marking the first attempt to bring a liquid staking token (LST) tied to Solana (CRYPTO: SOL) into U.S. regulated markets. The registration, submitted to the Securities and Exchange Commission (SEC) on Friday, outlines the proposed VanEck JitoSOL ETF, which will track the price of JitoSOL, a tokenized version of staked SOL.

VanEck Files For First JitoSOL ETF, Expanding Solana's Presence In US Crypto Markets

Markets across the board traded sharply higher on Friday following Jerome Powell's dovish speech at Jackson Hole.

Ethereum, Solana lead crypto market surge after Fed Chair Powell hints rate cut could come soon

European Union officials are accelerating plans for a digital euro in response to the recent passage of a stablecoin law in the United States, which has raised concerns about the competitiveness of a European digital currency. The U.S.

EU Accelerates Digital Euro Plans, Considering Ethereum and Solana for Public Blockchain Implementation

Bitcoin traded near $113,700 on Thursday, failing to hold above $115,000 as resistance from the 50-day moving average capped a rebound attempt.

What Next For ETH, XRP, SOL as Bitcoin Stalls at $113K And ETF Outflows Mount

Leading cryptocurrencies fell on Thursday as investors took caution ahead of Federal Reserve Jerome Powell's address. Cryptocurrency Gains +/- Price (Recorded at 9:20 p.m.

Bitcoin, Ethereum, Dogecoin, Solana Slide Ahead Of Jerome Powell's Jackson Hole Speech: Large Investors Buying The BTC Dip, Says Analytics Platform

With thousands of digital assets on the market, deciding where to invest can be overwhelming. For those looking to invest $1,000 in crypto, focusing on projects with strong foundations is advantageous..

Have $1,000? Here Are The 3 Best Cryptos To Buy Now

Crypto security company Kerberus has acquired Refract, the makers of an anti-fraud browser extension for wallets, in a seven-figure deal.

Crypto security firm Kerberus acquires Power Universe, an anti-fraud browser extension for Ethereum and Solana wallets

Solana (CRYPTO: SOL) shot up on Wednesday, buoyed by a broader cryptocurrency rally and hype around Kanye West's new meme coin. A Look At Solana's Key Indicators The sixth-largest cryptocurrency by market capitalization lifted over 3% in the last 24 hours, with trading volume surging 21% to $6.65 billion.

Solana Inches Higher On Broader Crypto Recovery, Kanye West's Memecoin Buzz — But Indicators Flash Mixed Signals

Bitcoin (BTC) hovered above $113,600 on Thursday after a slight rebound, with traders watching Powell's address for clues on whether the central bank is ready to endorse rate cuts in September.

Bitcoin Hovers at $113K; Solana and Dogecoin Lead Gains Ahead of Powell's Jackson Hole Speech

Kanye West's YZY token made a volatile debut on Solana, soaring past $3 billion before sliding under $1 billion in hours.

Kanye West Launches Token on Solana in Frenzied Debut

A group of major altcoins have bounced stronger than bitcoin (BTC) on Wednesday, showing relative strength despite a weakening risk appetite in broader capital markets.

Ether, Solana, BNB Outshine Bitcoin as Cryptos Rebound

Chainlink

Crypto markets have shifted from "greed" to "fear." There are at least a few charts out there, though, that don't seem scared yet.

Crypto Market in 'Fear', But Ethereum, Solana and Chainlink Stay Strong: Analysis

Bit Mining Limited announced plans to rebrand as SOLAI Limited, reflecting a strategic shift from cryptocurrency mining toward building onchain intelligent financial infrastructure within the Solana landscape.

News for Solana Crypto (SOL)