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

Cardano

Ethereum

While the crypto board is declining amid Grayscale's offloading Bitcoin (CRYPTO: BTC), a crypto analyst believed Ethereum (CRYPTO: ETH) could likely outperform Bitcoin. What Happened: Until midday trade, the cryptocurrency board was drenched in red amidst Grayscale offloading Bitcoin holdings worth $2.14 billion.

Ethereum, Solana, XRP, Cardano Bundle In Red Though Crypto King Ethereum Could Still Outperform Bitcoin, Says Analyst

The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Solana, Cardano Lead Losses as Market Starts Week in the Red

The price of Solana (SOL) is trapped between the moving average lines as buyers and sellers continue to compete for the price.

Solana Falls Slightly As The Bears Retest The $90 Low

Bitcoin

Bitcoin BTC , ethereum and other major cryptocurrencies solana and XRP XRP have suffered a huge crash—just after JPMorgan's CEO issued a wild warning that Satoshi Nakamoto could "erase" bitcoin entirely.

Sudden Crypto ETF Crash Panic Sends Bitcoin To $40,000—Hitting The Price Of Ethereum, Solana And XRP

CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.

Solana (SOL), Cardano (ADA) Lead Crypto Market Lower as Traders Grapple With BTC Headwinds

Avalanche

The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum's sales amounted to $106 million, overtaking Bitcoin's $70 million in sales over the same seven-day period.

Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains

Bitcoin is down bad—but major altcoins like Solana, Avalanche, and Cardano are also experiencing a brutal selloff.

Solana, Avalanche Tumble as Bitcoin Slides Towards $40,000

A Solana (CRYPTO: SOL) influencer known as Bangerz microwaved one of the limited edition Solana Saga smartphones and shared the video on X. What Happened: Bangerz, who identifies as a “washed-up influencer” and is also the co-founder and CEO of NFT launchpad 3.land, uploaded footage of the device sizzling in the microwave.

Crypto Influencer Microwaves Solana's Saga Phone And Now It Is Selling As An NFT

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on the Bitcoin (BTC) ecosystem tokens over the medium term.

Trader Updates Outlook on Ordinals Token That's Surged Over 2,700% in Three Months, Warns Solana Could Go Lower

Bonk

Altcoins and meme coins are currently navigating choppy waters in the cryptocurrency market. This follows Bitcoin's (CRYPTO: BTC) price roller coaster, where the apex cryptocurrency spiked to $49,000 last week after the launch of BTC exchange-traded funds (ETFs) in the U.S., only to experience a swift downturn to $41,000, as a ‘sell the news' effect kicked in.

'In Search Of The Next DOGE' — Crypto Analyst Michael Van de Poppe Shares His Take On Solana's BONK Meme Craze And Floki's Real-World Assets Bet

There's one less Solana Saga in the world after a viral experiment

Someone Microwaved a Solana Saga Phone—Now Degens Are Buying Meme NFTs

One Solana-based (SOL) altcoin is surging just after the top US crypto exchange platform Coinbase announced it would be officially listing it. Earlier this week, Coinbase announced that it would be supporting Hivemapper (HONEY), a decentralized global mapping network built over the Solana blockchain. “Hivemapper (HONEY) is now live on http://coinbase.

Solana-Based Altcoin Rockets 22% in Hours After Coinbase Announces Official Listing

The co-founders of the crypto analytics firm Glassnode think Solana (SOL) could outperform Ethereum (ETH) by up to 5x in the current bull run. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say the SOL/ETH chart suggests the SOL/ETH ratio could surge.

Solana Primed To Outperform Ethereum by up to 5x, According to Glassnode Co-Founders – Here's the Timeline

A widely followed crypto analyst is updating his strategy on Bitcoin (BTC) as the crypto king's next halving approaches. Pseudonymous crypto trader Rekt Capital tells his 388,300 followers on the social media platform X that BTC is likely to wrestle with resistance for the next few months.

Crypto Trader Updates Outlook on Bitcoin (BTC) Bull Market Progress, Calls Move Up for Solana (SOL)

Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm's U.S. X account now sports a modified logo featuring Benjamin Franklin with laser eyes.

In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana's Advances

Solana (SOL) Labs is kicking off pre-orders for the new version of its crypto-focused smartphone weeks after the first edition sold out in a frenzy.

Solana Labs Kicks Off Pre-Orders for New Smartphone Weeks After First Edition of the web3 Device Sold Out

Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release date.

Solana Mobile Announces Saga Succesor: Chapter 2

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Ethereum (ETH) competitor Solana (SOL). The analyst pseudonymously known as Bluntz tells his 237,000 followers on the social media platform X that Solana might soar more than 39% from its current value.

Top Crypto Trader Says Ethereum Challenger Solana Gearing Up for a Double-Digit Rally – Here Are His Targets

dogwifhat

A bump in network activity and usage could contribute to an upside for Solana's SOL tokens.

Dogwifhat Zooms to Nearly 50 Cents as Solana Meme Coins Make a Comeback

The investment giant highlighted Solana's vision and Ethereum's ecosystem in its bullish Twitter thread.

Laser-Eyed Franklin Templeton Sets Sights on Ethereum, Solana After Bitcoin

Lido DAO

A widely followed crypto strategist warns that a Solana (SOL) competitor that's up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top.

Trader Issues Warning on Solana Rival That's Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

BONK isn't the hottest Solana meme coin at the moment: WIF has more than doubled in price this week alone.

Solana Meme Coin Dogwifhat Spikes 257% as SOL Reclaims $100

Solana (SOL) saw gains during the 2021 bull market. The price went from under $2 to over $260 in less than a year.

Here's How Much You'd Have If You Bought Solana After The FTX Crash

Solana (CRYPTO: SOL) may be primed for another price breakout following positive developments in the community and potential flows to altcoins. What Happened: Activity on Solana is picking up, evidenced by several developments in the ecosystem.

Solana Activity Surges: Is A Price Breakout Imminent? Analyst Foresees Rally To $150

Solana-based DeFi aggregator Jupiter is set to make waves in the cryptocurrency space with its upcoming token airdrop and meme coin launch.

News for Solana Crypto (SOL)