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

Saga Monkes NFTs were airdropped free to Solana Saga owners this week, and they're already selling for more than the phone itself.

Solana Saga Owners Got a Free NFT—Now They're Selling for Over $1,000

Solana (CRYPTO: SOL), the star performer among altcoins in 2023, may see a significant dip shortly, according to prominent analysts. Some are eyeing a dip into the $70s as a potential long-term entry point.

Solana Winter Coming? Whale Traders Target This Range For 'Great Entries For The Long Run'

A widely followed crypto strategist is updating his outlook on Ethereum (ETH) competitor Solana (SOL). Pseudonymous crypto strategist Pentoshi tells his 738,500 followers on the social media platform X that SOL could dip in the coming months by more than 40% from its current value.

Analyst Issues Solana Warning, Predicts Deep Correction for SOL in Coming Months – Here's His Downside Target

Another day, another exclusive benefit for Solana Saga phone buyers. This time, it's an airdrop of Samoyedcoin (SAMO).

Solana's SAMO Meme Coin Spikes 24% Amid Airdrop for Saga Phone Owners

Shiba Inu

Amid all the optimism surrounding spot Bitcoin ETF approval likely coming on Wednesday with a possible start to trading on Thursda y, some altcoins on the board are also witnessing a surge in the past 24-hours of trading. What Happened: Solana (CRYPTO: SOL) is trading 6.3% higher while Avalanche (CRYPTO: AVAX) is up 3.9%.

Shiba Inu Burn Rate Sees 588% Surge, 1,300% Growth In Whale Activity; Solana Monthly Active Developers At 2,500

Bitcoin

Ethereum

Bitcoin BTC and major cryptocurrencies such as ethereum, XRP XRP and solana have rocketed in recent months as the market braces for a $17 trillion earthquake.

SEC Issues Sudden Warning As Bitcoin ETF Race Primes Crypto For A $17 Trillion Earthquake—Boosting The Price Of Ethereum, XRP And Solana

The Solana Foundation attributed increased developer retention to enhanced tooling and educational resources within the ecosystem.

Developer retention in Solana ecosystem increased in 2023, foundation reports

Bonk

The Solana (CRYPTO: SOL) based meme cryptocurrency, Bonk (CRYPTO: BONK), has experienced a resurgence, climbing 30% over the past 24 hours after a decline that followed its year-end rally. What Happened: In the last 24 hours, BONK surpassed the performance of other meme coins such as Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin (CRYPTO: PEPE), which recorded gains ranging from 5% to 11%.

Solana-Based Meme Coin Bonk Makes A Comeback, Surging 30% As Market Eyes Bitcoin ETF Approval

Solana (CRYPTO: SOL) dropped 1.4% in the past 24 hours, extending its losses over the previous seven days to 9.9%. Solana-based memecoins are particularly hard-hit by the correction, taking much heavier losses than established memecoins.

Solana Drops 9.9%, Solana Memecoins Tank Over 20%: Is This The End Of The Dogecoin Killers?

The demand for Solana-based memecoins has decreased in the past week as major tokens continue to retrace December's gains.

Bonk falls 70% from all-time high as memecoin demand on Solana decreases

1/8 update below. This post was originally published on January 6

Huge Bitcoin ETF Insider Leak Powers Bitcoin Price Surge Over $45,000 After $1.6 Trillion Ethereum, XRP, Solana And Crypto Boom

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Solana announces its expansion to Brazil, Tether seeks to expand in Venezuela, and Bitcoin Argentina advises to receive bitcoins in the upcoming asset regularization process.

Latam Insights: Solana Expands to Brazil, Tether Seeks to Expand in Venezuela

The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.

Solana Meme Coins See 80% Price Drop After December Frenzy

Solana's (SOL) uptrend has come to an end as the price falls below the 21-day SMA. The altcoin's rise came to a halt at $126, its all-time high.

Solana Price Rise Comes To A Halt As It Falls Below $100

Solana (CRYPTO: SOL), often touted as an ‘Ethereum (CRYPTO: ETH) killer', has seen its native token, SOL, slide by 12% over the past 24 hours, interrupting its end-of-year upswing. What Happened: Following a high of $126.30 on Dec. 25, SOL has experienced a sharp decrease of 13% within seven days.

'Ethereum Killer' Solana Plummets 12%, Max Keiser Says 'Rug Pull Has Begun'

The Solana ecosystem is facing its first rugpull of 2024, with MangoFarmSOL deactivating its social media accounts and website following reports of missing funds.

Solana Users Hit With Rugpull by MangoFarmSOL Drainer

During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on Saturday, Jan. 6, 2024.

Solana's Rocky Start to 2024 — SOL's Value Dips Over 6% Amidst Previous Year's Highs

A widely followed crypto trader says one Ethereum (ETH) rival that performed extremely well last year is on the verge of another massive rally. Pseudonymous analyst Bluntz tells his 235,200 followers on the social media platform X that Solana (SOL) could increase nearly 47% from its current value.

Ethereum Rival Gearing Up for a Run to New Highs, Says Top Crypto Analyst Who Nailed 2018 Bitcoin Bottom

Bitcoin and crypto prices—including major coins ethereum, XRP XRP and solana—have roared into 2024 as fears suddenly emerge over the future of U.S. dollar dominance.

Insider Leak Reveals Huge BlackRock Bitcoin ETF Bazooka Will ‘Blow Expectations Out Of The Water' After $1.6 Trillion Ethereum, XRP, Solana And Crypto Price Boom

Bitcoin (BTC) firebrand Max Keiser thinks Ethereum (ETH) rival Solana (SOL) is primed to implode. The outspoken crypto pundit predicts SOL will crash down to $20, a more than 80% drop from its current price point. “SOL shitcoin-aholics will: 1. Lose 100% purchasing power vs. Bitcoin 2. Get rug pulled (a few times) 3.

Solana (SOL) Primed to Implode by 80% and Sink to $20, Predicts Bitcoin (BTC) Bull Max Keiser

Solana transaction volume has reached a yearly high of almost $40 billion, according to The Block's Data Dashboard.

Solana transaction volume hits highest level in more than a year as memecoin activity increases

A popular crypto analyst is singling out what he thinks will be “one of the hottest tokens of the year” in 2024. In a new YouTube video, the anonymous host of InvestAnswers tells his 464,000 subscribers to pay attention to when the decentralized exchange (DEX) Jupiter launches a token.

Upcoming Altcoin Launch in Solana Ecosystem Could Usher In One of the ‘Hottest Tokens of the Year': InvestAnswers

Bankruptcies, lawsuits, wins for the SEC, losses for crypto operators, bad actors and the spot Bitcoin ETF approval: the crypto space in 2023 was an eventful and remarkable year. In its latest report, Messari highlighted crypto and its relevance in 2024.

Analysts Favor Solana, Ethereum's Supply Dynamics; Call Bitcoin 'Godzilla Of Finance': Messari Report

Solana's “Less Fn Gas” airdropped LFG tokens to Ethereum users who spent over $4,269 in gas over the last year. It doesn't want to stop there.

Solana's LFG Token Lures Ethereum Users, Plans Second Airdrop and Grants Program

A Solana-based (SOL) altcoin is surging as the top US crypto exchange platform adds it to its listing roadmap. In a new announcement, Coinbase says it will be adding the decentralized global mapping network Hivemapper (HONEY) to its listing roadmap, meaning it could soon add support for it.

News for Solana Crypto (SOL)