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

In a series of now-deleted posts, Jupiter's X account promoted what appeared to be a scam memecoin with the ticker $MEOW.

Solana DEX aggregator Jupiter's X account hacked, promotes fake memecoin

Ethereum

Cryptocurrency analyst and trader Jason Pizzino believes three top altcoins may be forming bullish reversals after the market's correction. In a new video, Pizzino tells his 348,000 YouTube subscribers that Ethereum (ETH) may soon regain $3,000 as support after bouncing off of a low of around $2,100.

Ethereum, Solana and XRP Likely Forming Reversals, According to Crypto Analyst Jason Pizzino

As of Jan. 31, Sol Strategies and its subsidiaries held an aggregate of 189,968 SOL, valued at nearly $41 million.

Sol Strategies boosts Solana holdings with latest 190,000 SOL purchase

Sol Strategies has strengthened its validator operations and SOL holdings, acquiring an additional 40,300 SOL worth $9.93 million. Expansion of SOL Holdings and Validator Operations Remain Key for Sol Strategies Sol Strategies Inc., a publicly traded Canadian firm focused on the Solana blockchain, has announced significant validator growth and expanded SOL holdings. Between Jan.

Sol Strategies Expands SOL Holdings With 40,300 SOL Acquisition

The Canadian investment company, led by former Valkyrie Investments co-founder Leah Wald, has also acquired validators on other blockchains and holds some BTC.

Sol Strategies Bolsters Solana Holdings to Near 190,000 SOL Worth More Than $40M

Cryptocurrency analysts of Coinidol.com report, Solana (SOL) has been trading above the 21-day SMA support since January 27.

Solana Slumps Below $230 As Selling Pressure Returns

dogwifhat

Following President Donald Trump's recent tariff announcement, global markets are in turmoil, with U.S. stock futures dropping significantly.

Crypto Market Turmoil Hits Meme Coins Hard, But Solana Tokens Like Dogwifhat and Fartcoin See Surge

Bitcoin

Bitcoin, Solana, and other cryptocurrencies rebounded on Monday after U.S. President Donald Trump and Mexican President Claudia Sheinbaum agreed to delay the 25% tariffs.

Bitcoin, Solana, and XRP Rebound After U.S. and Mexico Pause Trade Tariffs for One Month

Ethereum and Solana rebounded sharply from weekend lows after the U.S. halted trade penalties, with AI tokens providing additional momentum.

Ethereum, Solana Rebound as Trump Agrees to Pause Tariffs on Canada

A closely followed crypto strategist is warning that layer-1 protocol Solana (SOL) may be on the verge of a severe corrective move. Analyst Ali Martinez tells his 122,400 followers on the social media platform X that Solana is in danger of plunging to levels last seen in October of 2024.

Crypto Strategist Warns Solana (SOL) Could Witness 39% ‘Imminent' Drop – Here's His Outlook

Trump and Sheinbaum agreed to immediately pause the tariffs for one month, during which there will be further negotiations.

Bitcoin, solana lead crypto market rebound as US and Mexico pause tariff threats for one month

Meme coin traders have still found opportunities to flip a profit on these Solana meme coins amid major market turmoil—even while the vibes are way down.

Degens Are Flocking to These Solana Meme Coins Amid Crypto Market Turmoil

A closely followed analyst known as a “Master Trader” on the crypto exchange Bybit is warning that Solana (SOL) has printed a market reversal signal similar to what was witnessed during the 2021 cycle.

‘It's Over' – Trader Issues Dire Solana Warning, Says SOL Flashing Same Bearish Signal As 2021 Meltdown

A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP is in a precarious spot as the coin struggles to stay above a key price level. Pseudonymous analyst DonAlt tells his 640,100 followers on the social media platform X that XRP has lost its immediate support at $2.

Analyst Warns XRP Holders Might Witness Short-Term Pain, Updates Outlook for Bitcoin and Solana

Dogecoin

Crypto prices are crashing as President Trump suggests "pain" ahead for Americans in his brewing trade war, with Bitcoin under $97,000.

XRP, Solana and Dogecoin Crash as Trump's Trade War Knocks Bitcoin Under $97K

The SEC has placed an importance on regulated futures markets for past crypto ETF approvals.

Crypto ETF Floodgates Will Open If SEC Crosses Regulatory 'Rubicon' for XRP, Solana and Dogecoin: Analyst

Stablecoin supply on the Ethereum (ETH) rival Solana (SOL) has surged in the past couple of weeks after the rollout of President Donald Trump's Official Trump (TRUMP) memecoin, according to the crypto research firm CCData. CCData notes in a new report that Solana's stablecoin supply has ripped by 73.

Stablecoin Supply on Solana (SOL) Skyrockets Following Trump Memecoin Launch: CCData

A widely followed cryptocurrency trader is turning bullish on Solana (SOL) while expressing his reservations about the Ethereum (ETH) competitor.

Trader Says Ethereum Rival Solana Primed To Go Higher After Bouncing off Must-Hold Level – But There's a Catch

This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network

Solana Saw 112% Surge in Stablecoin Supply in January With TRUMP Memecoin Frenzy: CCData

The crypto exchange aims to launch $25,000 SOL derivatives, betting on institutional appetite as the token's volatility soars.

Coinbase Eyes Solana Futures Launch as It Ramps Up Derivatives Push

Alternative ride-sharing app Teleport was founded in 2022, and raised $9 million, amid a surge in interest in "dePIN" projects.

Solana-based ridesharing app Teleport is shutting down

Hedera

Coinbase is looking to list the futures as soon as Feb. 18, it said in the filing.

Coinbase Files Paperwork To List Solana, Hedera Futures

The exchange is looking to list these new contracts, which will be cash-settled on a monthly basis, on or after Feb. 2025.

Coinbase files to list Solana and Hedera futures on its derivatives trading platform

After UFC's Instagram was hacked to promote a pump-and-dump Solana meme coin scam, the attackers got away with $1.4 million in profit.

UFC Instagram Hack Pummels Buyers of Illegitimate Solana Meme Coin

The controversial Solana-based memecoin launchpad Pump.fun has deposited $407 million worth of SOL into the crypto exchange Kraken in the past year, according to the digital asset tracker Lookonchain. Lookonchain also notes that Pump.fun, which launched in January 2024, sold 264,373 SOL for $41.64 million worth of the stablecoin USDC.

News for Solana Crypto (SOL)