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

Vector's tech will plug into Coinbase's DEX integration, while Tensor Labs shifts its NFT marketplace and TNSR token to Tensor Foundation.

Coinbase to acquire Vector.fun, the Tensor-built Solana trading platform, to advance ‘everything exchange' vision

Coinbase Global Inc. (NASDAQ:COIN) has reached an agreement to acquire Solana's (CRYPTO: SOL) Vector, a trading platform that helps users access fast, on-chain markets. Coinbase Expands Solana Trading Capabilities The company said on Friday that Vector's tools will be integrated into Coinbase's consumer trading experience to expand access to Solana-based assets.

Coinbase Snaps Up Solana's Vector — Yet COIN Flashes A Major Sell Signal

Crypto exchange Coinbase is acquiring Solana meme coin application Vector to improve its on-chain trading experience.

Coinbase Acquires Solana Meme Coin Social Trading App Vector

Solana ETFs stole the spotlight again, driving one of the strongest inflows for the day. Bitcoin ETFs snapped a five-day outflow streak with a solid rebound, while ether funds logged yet another day in the red.

Solana Soars With $55 Million Inflow as Bitcoin ETFs Break Losing Streak

U.S. spot solana SOL$140.12 exchange-traded funds (ETFs) extended their inflow streak to a 17th straight day on Wednesday, with no net withdrawals since they first started trading Oct. 28.

Solana ETFs Post Second-Biggest November Inflows as Demand Grows During Downturn

The SEC accelerated crypto's ascent by approving a high-cap Bitwise 10 ETF that strengthens institutional access through transparent benchmarks, firm safeguards and concentrated exposure led by bitcoin, ethereum, XRP and solana, energizing momentum across assets. SEC Sets Aside July Action and Approves Bitwise 10 ETF With High-Cap Drive Crypto-market momentum accelerated as U.S.

SEC Drives Bitwise Crypto ETF Forward With XRP and Solana Standing Firm

Exploding institutional appetite for regulated altcoin derivatives is driving a powerful new wave of product growth, with fresh XRP and SOL futures poised to accelerate liquidity, sharpen price discovery, and redefine the next phase of digital-asset market evolution.

CME Announces Spot-Quoted XRP and SOL Futures as Institutional Demand Escalates

Accelerating demand for solana exposure is fueling a rapid expansion of new ETFs, highlighting strengthening institutional traction and staking-focused designs as 21shares pushes the momentum forward with its latest entry into an expanding market today.

Racing Solana Demand Drives TSOL's Arrival With Staking-Focused Upside

Bitcoin

Ethereum

Bitcoin and Ether ETFs suffered yet another day of outflows, extending their multi-day losing streaks. Solana ETFs once again stood out, pulling in strong inflows despite broader market weakness. Solana Extends Rally as Bitcoin and Ether ETFs Stay Red Tuesday, Nov.

Bitcoin and Ether Outflows Deepen as Solana ETFs See $30 Million Inflow

Exchange-traded fund investing firm 21Shares is next up to the plate in launching its ETF tracking Solana.

Solana ETF race heats up as 21Shares joins Fidelity, Bitwise and others in launching SOL fund

Regulated solana momentum accelerates as Fidelity and Canary Capital ETFs start trading with staking-enabled designs that broaden investor access to network rewards, strengthen institutional engagement, and highlight rising adoption across blockchain ecosystems amid yield-driven demand.

Fidelity and Canary Capital Expand Regulated Solana Access With SOL ETFs

After initially being left out, Haliey “Hawk Tuah” Welch has been named in a class action suit against the creators of the meme coin she promoted.

Hawk Tuah Girl Added to Solana Meme Coin Lawsuit—After She Cooperated With Law Firm

Bitcoin and ether exchange-traded funds (ETFs) logged another day of sizable outflows, deepening their multi-day losing streaks. Solana ETFs, however, continued to defy the downturn with another day of modest but steady inflows.

Bitcoin, Ether ETFs Extend Losing Streak as Solana ETFs Hold Firm

Fidelity Investments, one of the world's largest asset managers, on Tuesday launched its new Solana (CRYPTO: SOL) exchange-traded fund with staking. Fidelity Enters The Solana ETF Market The firm introduced the Fidelity SOL Fund under the ticker FSOL after filing a Form 8-A with the SEC on Monday.

Solana Surges 7% As Fidelity Launches Solana Staking ETF

Solana dropped 16% to $138, its lowest price in five months, with the selling pressure intensifying as Alameda Research and the FTX estate unlocked 193,000 SOL tokens worth $30 million.

Solana News: Spot ETFs Cook, but SOL Sinks

Several Solana ETFs are launching across U.S. exchanges this week as asset managers test demand for products tied to altcoins and staking.

New Wave of Solana ETFs Hits the Markets as Fidelity, Canary, and VanEck Roll Out

Fidelity, one of the world's biggest asset managers, has joined others in launching a spot SOL ETF, which includes a staking feature as well.

‘Game on': Asset management giant Fidelity debuts Solana exchange-traded fund

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

CoinDesk 20 Performance Update: Solana (SOL) Rises 5.8%, Leading Index Higher

Fidelity is entering the solana SOL$137.13 exchange-traded fund (ETF) market with the Fidelity Solana Fund (FSOL), the firm's third crypto exchange-traded product and its first to include a staking feature.

Fidelity Introduces FSOL ETF, Bringing Major Wall Street Name to Solana Funds

Escalating demand for a solana ETF is accelerating sector growth as Vaneck's new launch combines cost efficiencies, staking access, and regulated structures to intensify competition and attract institutions seeking streamlined exposure to fast-execution blockchain markets.

Vaneck Launches Solana ETF With SOL Demand Powering Rapid Institutional Push

Dogecoin

A Grayscale ETF tracking popular meme coin Dogecoin could list next next week, while a VanEck Solana fund debuted Monday.

Grayscale Poised to Debut Dogecoin ETF as VanEck's Solana Fund Starts Trading

The staking of ETF holdings will be made through SOL Strategies' Orangefin validator that it acquired last December.

SOL Strategies to provide staking services for VanEck's Solana ETF

Bitcoin and ether ETFs experienced significant outflows, resulting in a combined loss of $1.84 billion over the week. Solana ETFs, however, continued their upward momentum, securing another week of inflows despite broad market weakness.

ETF Weekly: Bitcoin, Ether ETFs Bleed $1.8 Billion as Solana Stays Green

Cardano

Bitcoin BTC$95,220.86 slipped further into a deeper drawdown on Thursday, breaking below the psychological $100,000 level and tumbling to $96,600 in early Asian trading.

What Next for Crypto Bulls as ETH, XRP, SOL, ADA Drop 8–16% in a Week

Altcoins suffered another blow, with the top GameFi tokens enduring mixed fortunes.

News for Solana Crypto (SOL)