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

WEN plunged 23% Monday after ending its airdrop campaign. Solana traders left $35 million worth of the meme coin on the table.

Solana Traders Send WEN on Wild Ride After $35 Million in Tokens Burned

The Blueprint collection, in collaboration with SuperTeamDAO, offers three free and random Bryan Johnson-themed collectibles.

Billionaire Biohacker Gets Into NFTs with Drip Solana Airdrop

Thanks to a generous airdrop campaign, a Solana (CRYPTO: SOL) memecoin called Wen (CRYPTO: WEN) exploded to more than $150 million in market capitalization within the first three days of trading. What Happened: Wen is currently being airdropped to over a million users, with the claim window open to users on Solana's Jupiter (CRYPTO: JUP) exchange, Solana Saga phone owners and owners of certain Solana-based NFT projects until the morning of Jan.30.

WEN On Solana Airdrops Its Way To A $150 Million Valuation, Trader Makes $1.6M Buying Early

The burn turned out to be a "sell the news event" as traders had already accounted for the purge – and then some.

Solana Meme Coin Wen Plummets Despite Burning 27% of Supply

Ethereum is under threat again from Solana following December's meme coin barrage, with JUP dropping soon.

Solana Flips Ethereum in DeFi Trading as Jupiter Airdrop Nears

Bitcoin

Ethereum

Polygon

NFT marketplace Magic Eden has launched a multi-chain wallet supporting the Solana, Polygon, Bitcoin and Ethereum blockchains.

Magic Eden launches multi-chain wallet for Solana, Bitcoin, Polygon and Ethereum

Increased activity in the Solana (CRYPTO: SOL) ecosystem boosted Solana's seven-day gains to 9%, rivaling volumes and the market cap figures of highly trending meme coins. What Happened: Hellomoon data indicates that new Solana addresses peaked at 10.13 million in January 2024, the second-highest number ever compared to the record set in May 2022 of 11.72 million addresses.

Solana Addresses Rocket Past 10M, Analyst Targets $140: 'Ready For Upward Continuation'

With hours left to go, about 60% of available WEN tokens—a new Solana meme coin—have been claimed by eligible wallets.

WEN Airdrop: 41% of Solana Meme Coin Still Unclaimed as Deadline Looms

A trader printed more than $1.6 million in gains after getting in early on one of the latest memecoin trends on the Solana (SOL) blockchain, on-chain data shows. First reported by blockchain tracking firm Lookonchain, one trader made huge profits going long on Wen (WEN), a memecoin built on Solana.

Memecoin Trader Sees Over $1,600,000 in Gains 14 Hours After Early Accumulation of Solana Altcoin: Lookonchain

The decentralized exchange settled over $500 million in trades on Sunday, briefly becoming the biggest DEX platform.

Solana Trading Aggregator Jupiter Sees Trading Volumes Jump Ahead of JUP Issuance

The price of Solana (SOL) falls below the moving average lines, but then rises again. Solana coin price analysis by Coinidol.com.

Solana Recovers And Heads Towards Its Previous High Of $96

UNIBOT holders are set to receive some 80% of the supply of Solana-based UNISOL through a snapshot and claim mechanism.

Unibot Boosts Token Value With Solana Ecosystem Draw

Solana-based decentralized exchange (DEX) Jupiter has surpassed the combined trading volume of Uniswap V2 and V3 protocols, reaching $480 million in the last 24 hours.

Solana-based DEX Jupiter Flips Uniswap in Trading Volume

Solana's SOL token had a banner year in 2023, outperforming several other major digital currencies as various factors combined to fuel aggressive price appreciation.

Solana's Sharp 2023 Rally Left Major Cryptocurrencies In The Dust

Solana prices have spent much of today trading reasonably close to $100, fluctuating near this level but failing to mount the strength needed to break through it.

Solana Prices Flirt With $100 Level After Notching Latest Gains

Solana signups are surging while aound half of WEN tokens remain unclaimed with just hours left before the deadline.

Solana signups surge to record highs while WEN token airdrop nears close

A closely followed analyst believes that one low-cap altcoin that has rallied by nearly 6x in the last three months is due for a big leg up.

Top Analyst Says Low-Cap Altcoin That's Up 478%+ in Three Months Primed To Go Higher, Updates Outlook on Solana

Solana prices pushed higher today, experiencing more robust gains than other major digital currencies as the broader cryptocurrency market rallied.

Solana Prices Rallied Today, Outperforming The Crypto Markets. What Drove These Gains?

Solana held steady during the WEN meme coin drop, although the chaos around the launch caused some wild price spikes.

WEN Airdrop Sparks Frenzy as Solana Meme Coin Targets a Million Wallets

A widely followed crypto trader is analyzing the up-and-down price activity of Bitcoin (BTC), Solana (SOL) and altcoins in general. Pseudonymous trader Rekt Capital tells his 390,400 followers on the social media platform X that BTC is about to face a moment of truth.

Crypto Analyst Breaks Down Rebounding Bitcoin (BTC), Solana (SOL) and Altcoin Market Cycles

A widely followed crypto analyst and trader is turning bullish on one privacy-focused low-cap altcoin project. The analyst pseudonymously known as Altcoin Sherpa tells his 206,200 followers on the social media platform X that crypto project Manta Network (MANTA) may be in an uptrend after flipping a key resistance level at $2.77 into support.

Crypto Analyst Predicts Low-Cap Altcoin Will Hit New All-Time High Soon, Updates Outlook on Solana and Fetch.ai

Bonk

Bitcoin, Ethereum, and Solana are flat after a rough start to the week. But Solana meme coin BONK has bounced almost 7% since yesterday.

Bitcoin and Ethereum Flat as Solana Meme Coin BONK Bounces 6.9%

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BitMEX co-founder Arthur Hayes says he thinks Bitcoin (BTC) will continue to drop in price, and that he's prepared to load up on specific altcoins if it does.

Arthur Hayes Reveals Two Altcoin Picks, Warns Bitcoin Has Further To Drop – Here's His Outlook

A Solana-based (SOL) wireless crypto project is skyrocketing after partnering up with a telecom firm. In a new press release, Nova Labs, the team behind Helium Mobile (MOBILE), says it's collaborating with Spanish telecom firm Telefónica to launch mobile hotspots in select parts of Mexico.

Solana-Based Altcoin Surges 39% in Two Days As Crypto Project Partners With Telecom Firm

Solana (CRYPTO: SOL) introduced token extensions, empowering developers to implement customization around the Solana token standard. While Solana has outperformed Bitcoin in the past two months, analysts maintain a bullish outlook on the token.

News for Solana Crypto (SOL)