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

After Musk's Grok AI suggested a meme coin name, degens pumped GrokCoin to a nearly $35 million market cap—but it didn't last for long.

Elon Musk's Grok AI Suggests a Solana Meme Coin Name, Degens Pump It to $35 Million

Cardano

Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President Donald Trump's mention of a broad crypto reserve might have been misunderstood. Cryptocurrency Price 24-Hour Trend Cardano (CRYPTO: ADA) $0.845 -3.7% Solana (CRYPTO: SOL) $145.11 +1.1% XRP (CRYPTO: XRP) $2.47 -4.

Cardano, XRP, Solana Drop As White House Clarifies Trump's Crypto Reserve Plan

Sacks also said it's possible the federal government could explore lending or staking on the cryptocurrencies it does own.

David Sacks explains why Trump mentioned XRP, SOL, ADA: ‘People are reading into this a little bit too much'

The official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.

ADA, XRP, SOL Plunge as White House Official Backpedals on Trump's Crypto Reserve Plan

Bitcoin

A senior White House official said Friday that the U.S. government won't sell Bitcoin it collects, but it could sell altcoins.

White House: Bitcoin 'Deserves Special Treatment' Over XRP, Solana, Cardano in Crypto Reserve

Ethereum

Dogecoin

Analyst and trader Ali Martinez is leaning bearish on a leading memecoin while offering his outlook on three other crypto assets.

Crypto Analyst Warns Large-Cap Memecoin Could Crash 93%, Outlines Path Forward for Bitcoin, Ethereum and Solana

The Solana community is currently engaged in discussions around the SIMD-228 proposal, a governance initiative that aims to transform the network's tokenomics.

Solana Validators Prepare To Vote on Influential SIMD-228 Proposal Impacting Inflation

The price of Solana (SOL) has fallen to the bottom of the chart twice before rising again.

Solana Corrects Above $120, But Threatens To Fall Further

Short-dated puts tied to BTC, ETH, and SOL trade at a premium relative to calls, according to Block Scholes.

Bitcoin, Ether, Solana Traders Chase Downside Protection, XRP Stands Out, as Trump's Crypto Plan Disappoints

Solana co-founder Anatoly Yakovenko has voiced his opposition to the creation of a U.S. crypto reserve, warning that it could compromise decentralization.

Solana Co-Founder Opposes U.S. Crypto Reserve, Warns It Could Undermine Decentralization

Solana's decentralized exchange (DEX) volumes remain competitive with Ethereum's ecosystem despite a sharp decline in meme coin trading activity.

Solana DEX Volumes Compete With Ethereum Despite Meme Coin Market Collapse: VanEck

The SIMD-228 proposal is expected to be voted on by Solana validators in epoch 743, beginning over this weekend.

Solana validators to soon vote on key ‘SIMD-228' proposal affecting network inflation

JPMorgan is throwing cold water on hopes for a U.S. strategic crypto reserve, warning approval is unlikely and smaller tokens like XRP, SOL, and ADA face major hurdles. JPMorgan Slams Brakes on US Crypto Reserve—XRP, SOL, ADA Face Uncertainty Banking giant JPMorgan is dampening expectations for a U.S.

JPMorgan: US Crypto Reserve Unlikely—XRP, SOL, ADA May Not Make the Cut

The White House Crypto Summit on March 7 gathers top industry leaders as anticipation surges over the U.S. crypto reserve and its potential market-shaping impact.

Crypto Leaders Head to Trump's White House Summit—Will XRP, SOL, ADA Join US Crypto Reserve?

The protocol's co-founder is among a number of crypto industry players who have taken issue with U.S. President Donald Trump's plans to create a digital asset reserve.

Solana in the US Crypto Stockpile? This SOL Founder Prefers 'No Reserve'

Memecoin daily trading was down over 90% this week amid crypto prices facing a wide-ranging market correction.

Top Pump.fun trader's profits near $40 million as Solana memecoin volumes shrink

JPMorgan sees less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.

JPMorgan says XRP, SOL and ADA inclusion in US crypto reserve ‘would be difficult'

Aptos

Hamster Network has reached a significant milestone in blockchain technology by processing 34,028 transactions per second (TPS), surpassing leading platforms such as Solana and Aptos.

Hamster Network Surpasses Solana and Aptos With 34,028 Transactions Per Second

Solana validators are voting on a major cut to SOL's staking rewards.

Inside Solana's Debate on a Major Reduction in SOL Inflation

The market appears to be pricing in minimal expectations for these altcoins.

ADA, SOL, XRP: Altcoins Under Consideration for U.S. Crypto Reserve Lag BTC in Retaking Sunday Highs

Solana co-founder Anatoly Yakovenko says a U.S. crypto strategic reserve would undermine decentralization, calling for no reserve at all.

Solana co-founder prefers no US crypto reserve but is open to ‘measurable requirements'

Anatoly Yakovenko, the co-founder of the Solana (CRYPTO: SOL) ecosystem, argued against a federal government-controlled cryptocurrency reserve Wednesday, citing a threat to decentralization. What Happened: In an X post, Yakovenko outlined his order of preference for a potential cryptocurrency reserve.

Solana Co-Founder Says A Federally Controlled Crypto Reserve Will Harm Decentralization Ethos, Proposes States Control Their Own Reserves

In February, Solana saw a substantial outflow of $485 million as investors sought safer assets amid increasing uncertainty in the cryptocurrency market.

Solana Faces $485 Million Outflow in February as Investors Shift Capital to Safer Assets

Options pricing on Deribit suggests BTC could swing by nearly $5K following the crypto summit, according to analysis by STS Digital

Bitcoin Could Move $5K After White House Crypto Summit; ETH and SOL Volatility Likely: STS Digital

A crypto strategist who accurately called the Bitcoin (BTC) and Solana (SOL) correction this year says that the payments altcoin XRP is next in line to witness big price drops.

News for Solana Crypto (SOL)