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

Ethereum

Solana's leadership in DEX volume and revenue supports the bull case in the SOL-ETH ratio.

Solana DEX Volume Tops $60M as It Looks to Extend 4-Month Winning Streak Over Ethereum

Cardano

Dogecoin

NYSE Arca has filed for a Cardano ETF on behalf of Grayscale, which already operates Bitcoin and Ethereum funds—and hopes to launch more.

Grayscale Seeks Cardano ETF Approval After Filing for Solana, XRP and Dogecoin Funds

A widely followed crypto analyst believes that layer-1 platform Solana (SOL) is in a position to witness a nearly 2x surge.

Solana Could Witness 92% Upswing As SOL Sees 5,000,000 New Addresses Created Daily, According to Analyst

Donald Trump critic and SkyBridge Capital founder Anthony Scaramucci says Solana (SOL) is his preferred layer-1 over Ethereum (ETH). In a new interview with CNBC, Scaramucci says that while SkyBridge does own some ETH, his investment thesis focuses on SOL being more successful in the long run. “We own [ETH] in small sizes.

SkyBridge Capital's Anthony Scaramucci Predicts Solana Will Beat Ethereum To Win Tokenization Race – Here's Why

Litecoin

The analysts estimate that Litecoin ETFs filed by Canary and Grayscale have the highest chance of approval.

‘High odds' XRP, Solana, Dogecoin and Litecoin ETFs approved: analysts

Solana‘s (CRYPTO: SOL) rapid growth faces a significant obstacle, according to Mert Mumtaz, Co-Founder and CEO of Helius Labs. In an interview with Benzinga, Mumtaz highlighted the lack of standardized data formats, hindering actionable insights for developers and users alike.

Is Solana's Growth Being Held Back By A Technical Bottleneck?

The B3 Stock Exchange announced that it will expand its cryptocurrency offering this year, opening options for users to invest in solana and ether.

Largest Brazilian Stock Exchange to Expand Solana and Ether Investment Options

Ethereum (ETH) rival Solana (SOL) skyrocketed several multiples in terms of total value locked (TVL) in the last quarter of 2024, Messari's latest data shows. In its new “State of Solana Q4 2024” report, the crypto analytics firm notes that TVL on Solana grew by 64% quarter-on-quarter (QoQ) and 486% year-on-year (YoY) to $8.

Solana Total Value Locked Shatters $8,600,000,000 in Q4 2024, Surging 486% in One Year: Messari

The U.S. Securities and Exchange Commission (SEC) is acknowledging crypto asset management firm Grayscale's bid to create an exchange-traded fund (ETF) for the smart contract platform Solana (SOL).

SEC Acknowledges Grayscale's Solana ETF Filing, Hinting at Potential Regulatory Sea Change

Bitcoin

The move builds on its successful bitcoin futures trading and is set to strengthen Brazil's cryptocurrency market.

Brazilian Stock Exchange B3 Reportedly Launching Bitcoin Options, ETH and SOL Futures

Canary Capital CEO Steven McClurg said his firm has no plans to offer a Dogecoin ETF, despite expectations of potential approvals this year.

Why This ETF Issuer Won't Touch Dogecoin Amid Solana and XRP Fund Plans

The Barstool Sports founder is in the trenches with Solana meme coin degens, and just milked them for close to $70K in profit in two trades.

Dave Portnoy Is Trading Solana Meme Coins and Just Doxxed His Wallet: 'I'm Not Trying to Be Shady'

The SEC acknowledged an application for a spot Solana ETF on Thursday, signaling that the agency's framework for crypto products may shift.

Will Solana ETFs Join Bitcoin and Ethereum? Experts Say SEC Just Entered 'New Territory'

Ethereum (ETH) rival Solana (SOL) could skyrocket to $520 by the end of 2025, according to analysts at the asset management firm VanEck. With SOL trading at $191.43 at time of writing, that would represent an increase of more than 171%.

Solana (SOL) Primed To Skyrocket 171% This Year, Predict VanEck Analysts – Here's Why

Asset manager Vaneck projects solana (SOL) will reach $520 by the end of 2025, driven by its growing dominance in the smart contract platform market, despite the cryptocurrency's recent 15.8% seven-day decline. Vaneck Analysts—Solana Price Could Soar Over 160% by 2025 as M2 Growth Fuels Crypto Rally Solana (SOL) traded at $198.

Vaneck Forecasts Solana to Hit $520 by End of 2025 Despite Recent Slump

Bitcoin and Ethereum ETF issuer VanEck is bullish on Solana due in part to growing popularity, which has come amid increased stability.

Solana Price Will Surge to $520 This Year, Says VanEck—Here's Why

Asset manager VanEck has projected a price target of $520 for Solana (CRYPTO: SOL) by the end of 2025, citing its rising market share within the smart contract platform sector. What Happened: The asset manager's forecast is based on an analysis of U.S. M2 money supply growth and its correlation with overall crypto market capitalization.

Solana To $520 By End Of 2025, VanEck Predicts

The firm said Solana's share in the smart-contract platform market may expand from 15% to 22% this year.

VanEck predicts Solana price could hit $520 by year-end

Ethereum has been struggling to keep pace with Bitcoin and Solana.

Galaxy's Novogratz Says Ethereum Sentiment is 'Unbelievably Bearish' as ETH Lags Behind Bitcoin and Solana

Pudgy Penguins recently burned over $150 million in unclaimed Solana tokens after ending its PENGU token claim earlier than expected.

Pudgy Penguins Burns $150 Million in Unclaimed Solana Tokens, PENGU Price Drops by 8%

VanEck predicts M2 money supply will grow to $22.3 trillion by 2025 from the current $21.5 trillion, boosting crypto markets and top tokens such as SOL.

Solana's SOL Could Hit $520 by 2025-End, VanEck Says

The SEC is accepting comments on the proposal for 21 days following its publication in the Federal Register.

SEC advances Grayscale's Solana ETF proposal following 19b-4, seeks public input

The Commission acknowledged several applications for crypto exchange-traded funds on Thursday, a move that ties the regulator to a strict timeline for approval or denial.

SEC Seems Ready to Advance XRP, Litecoin, Solana ETF Applications

Ethereum‘s (CRYPTO: ETH) dominance in the cryptocurrency space is facing a significant challenge, with analysts at JPMorgan suggesting that increased competition from rival blockchains is eroding its market share and threatening its long-term prospects. What Happened: According to a report led by JPMorgan's managing director Nikolaos Panigirtzoglou, ETH has underperformed both Bitcoin (CRYPTO: BTC) and a range of alternative cryptocurrencies since the recent U.S. election, signaling a worrying trend for investors, The Block reported on Thursday.

Ethereum Faces 'Intense Competition' From Solana, Struggles To Compete With Bitcoin: JPMorgan

The top 10 cryptocurrencies by market cap have been trading sideways, with no significant price moves over the past 24 hours, according to CoinMarketCap.

News for Solana Crypto (SOL)