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

Solana's native token SOL has rallied 20% in the last 24 hours, continuing a three-week upswing that erased the asset's yearly losses – and then some.

Solana's SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months

Optimism

SOL is up 128% over the past 30 days and not far from overtaking USDC's market cap.

Solana Touches $50 Per Coin While Tron and Optimism See Gains

A crypto analyst who nailed the top of the 2021 Bitcoin (BTC) bull market says Solana (SOL) will likely pull back after a big rally. Pseudonymous analyst Pentoshi tells his 706,400 followers on the social media platform X that Solana could dip by more than 25% from its current value.

Top Analyst Predicts Pullbacks for Solana and Altcoins, Updates Outlook on One Ethereum-Based Crypto Asset

Bitcoin

Ethereum

Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000.

Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $37,000

Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle.

Solana Tokens Sees Risky Bets Increase After End of Sam Bankman-Fried Trial

Arbitrum

Dogecoin

Such rewards have been made possible as the platform was the biggest recipient of Arbitrum's arb (ARB) token grant following a community vote in October.

SOL, XRP, DOGE Yields on GMX Jump up to 75% as Arbitrum Incentives Go Live

A crypto trader who accurately called Bitcoin's (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100.

Top Trader Says No Resistance for Solana Until Well Above $100, Unveils Forecast for One Ethereum-Based Altcoin

Cardano

Polygon

Vlad Tenev, CEO of Robinhood Markets Inc (NASDAQ:HOOD), was asked about the performance of the cryptocurrency market, specifically regarding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), during the third quarter earnings call on Tuesday. What Happened: He acknowledged that while there has been stronger performance in these cryptocurrencies, the volume trends have remained relatively subdued both industry-wide and on the Robinhood platform.

Robinhood's Tenev Teases EU Expansion, Addresses Relisting Delisted Tokens Like Cardano, MATIC And Solana

Stablecoins, Shopify, and a simplified developer experience are fueling SOL's rise.

Ethereum Rival Solana Is Back—Experts Say It's No Surprise

Bloomberg Intelligence analyst Jamie Coutts says that Ethereum (ETH) competitor Solana (SOL) is well-positioned to perform stronger against fellow ETH rival Cardano (ADA). Coutts says that Solana has a lot more daily users than Cardano but that ADA's market cap is still about 75% of SOL's market cap.

Solana (SOL) Set To Take Market Share Away From Cardano (ADA), According to Bloomberg Crypto Analyst

While the overall crypto market remains down from its highs during the bull run of 2021 and 2022, there are several bright spots. Here, according to CoinDesk Indices, are the ones to watch.

Sol, Memes, BTC: Digital Assets That Currently Outperform the Market

Several altcoins are riding high, with XRP, ADA, and SOL all posting double-digit gains over the week.

XRP, Cardano And Solana Lead Crypto Gains Over the Week

Solana‘s (CRYPTO: SOL) native token sees a notable decline after a recent rally, raising questions about the supporting factors behind its temporary surge. According to a Cointelegraph report, Solana's SOL has undergone a 10% correction, falling to $40 on Nov. 6 after failing to breach the $44.50 mark.

Solana Sees Price Correction Amid Scrutiny Of Recent SOL Rally

Digital assets manager CoinShares says Bitcoin (BTC), Ethereum (ETH), Solana (SOL) saw heavy inflows from institutional investors last week. In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors are continuing to allocate to crypto as the asset class enjoys its sixth consecutive week of institutional inflows.

Institutions Pile Into Bitcoin, Ethereum and Solana With $262,000,000 in Capital Flows: CoinShares

The future of crypto payments is not just a possibility but a current reality actively reshaping financial transactions worldwide, according to Austin Federa, Head of Strategy at Solana (CRYPTO: SOL) Foundation. Federa's insights, shared ahead of Benzinga's Future of Digital Assets conference slated for Nov. 14, reveal a significant shift in the economic landscape, driven by the efficiency and cost-effectiveness of blockchain technology.

EXCLUSIVE: Crypto Payments Here To Stay, Solana Exec Says: 'US Risks Losing Talent'

The digital asset landscape is at a pivotal crossroads, with the ethos of decentralized finance (DeFi) — privacy and decentralization — clashing with the growing demands for regulatory compliance. At Solana's (CRYPTO: SOL) Breakpoint crypto conference, Tommy Johnson and Taylor Johnson, the co-founders of PsyFi, the financial products provider on the Solana blockchain, weigh in on the topic.

EXCLUSIVE: PsyFi Co-Founders Discuss DeFi's Crossroads At Solana's Breakpoint Event

Chainlink

A widely followed crypto analyst says two surging altcoins are still in the early phases of their bull runs and predicts further rallies for them.

It's Still Early for Chainlink (LINK) and One Ethereum Rival As More Rallies Are Up Ahead, According to Analyst

Cryptocurrency analysts of Coinidol.com report, Solana (SOL) has pulled back above the $39 support level and continues its uptrend.

Solana Pauses Above $39 And Approaches Overbought Territory

The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.

SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken

Macro guru Raoul Pal is laying out what he thinks is a reasonable price point for Ethereum (ETH) rival Solana (SOL) for the next bull run.

Here's a Reasonable Solana (SOL) Price Target for Next Bull Run, According to Ex-Goldman Sachs Executive Raoul Pal

An analyst who accurately called the 2018 floor price for Bitcoin (BTC) thinks rallies are in sight for Ethereum (ETH) and its rival Solana (SOL).

Trader Who Nailed 2018 Bitcoin Bottom Predicts Ethereum and Solana Rallies, Says It's Time for Risk-On Assets

Sushi Swap

A widely followed crypto analyst says that one Ethereum (ETH) rival that's skyrocketed by over 300% this year still has more room to rally. Pseudonymous crypto trader Altcoin Sherpa tells his 194,200 followers on the social media platform X that smart contract platform Solana (SOL) will likely continue surging up in price until proven otherwise.

Trader Says Ethereum Rival That's Exploded Over 300% To ‘Keep Running,' Unveils Targets for Chainlink and Sushi

A widely followed crypto analyst is warning that Ethereum (ETH) competitor Solana (SOL) could undergo a sudden market correction. Pseudonymous crypto analyst Rekt Capital tells his 363,800 followers on the social media platform X that if SOL fails to flip a key level into support, it could follow a prior price pattern to the downside.

Trader Lays Out Bearish Scenario for Solana if History Repeats, Updates Outlook on Bitcoin and Dogecoin

Ethereum (ETH) competitor Solana (SOL) is sustaining its upward momentum as it overtakes layer-2 scaling solution Polygon (MATIC) in daily decentralized exchange (DEX) volume. New data from blockchain tracking platform Artemis reveals that the smart contract platform has surpassed MATIC in both overall DEX volume and the number of daily transactions.

Solana's Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume

Bitcoin's ETF hype-inspired rally may have run out of steam, but several leading altcoins still surged.

News for Solana Crypto (SOL)