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

The team plans to focus instead on Anuma, its private AI app, though the migration will still take one more vote.

ZetaChain votes to shut down Layer 1 network and move ZETA to Solana

The network's clock just sped up again, but the extra speed goes to freshness, not capacity.

Solana's Heartbeat Quickens: Block Times Fall 17% in Latest Speed Upgrade

Bitcoin

Hyperliquid

The moves comes as the SEC and CFTC advance crypto-related rulemaking despite the Clarity Act stalling in the Senate.

Bitcoin reclaims $80,000, Solana and Hyperliquid rally as crypto markets shrug off Clarity setback

The network is cutting its target slot time to 250 milliseconds, giving apps fresher blockchain data and validators shorter control windows while reducing the amount of work allowed in each slot.

Solana speeds up blocks by 17%, but transaction capacity stays the same

Michael Weisz will lead Kamino from a new New York headquarters as the DeFi lender is expanding into tokenized assets.

Solana lender Kamino taps Yieldstreet co-founder as CEO in Wall Street expansion

Ethereum

The Senate is scheduled to vote later Tuesday on a cloture motion to advance the Clarity Act. A successful cloture vote would allow debate to proceed and move the legislation closer to a final vote, but would not by itself make the act law.

Ether, solana, XRP likely to gain if Clarity Act progresses

DeFi Development Corp added another 55,491 SOL and opened a CHAD at-the-market program for its preferred stock, extending a fast-moving three-week run of capital markets activity.

Solana Treasury Firm DeFi Dev Corp Rolls Out $300M CHAD to Buy More SOL

Transaction V1 raises Solana's limit to 4,096 bytes from 1,232, giving developers more room for multi-step trades, company-wallet approvals and privacy proofs.

Solana transactions just got more than 3 times bigger, giving an edge over Ethereum

The Solana treasury company established a $300 million at-the-market offering for its CHAD perpetual preferred stock.

DeFi Development Corp expands Solana treasury to 2.39 million SOL, sets up $300 million CHAD ATM

U.S. crypto ETFs ended the holiday-shortened week with roughly $263 million in combined net outflows, as heavy bitcoin redemptions overwhelmed continued demand for ether, XRP, and solana funds. Bitcoin ETFs lost $462.73 million, ending a three-week inflow streak, while ether extended its winning run to four weeks.

Ether, XRP and Solana Record Weekly Gains as Bitcoin ETFs Lose $463M

Solana Mobile disabled its Brevo marketing email account after unauthorized access in a third-party breach. No emails appear to have been sent from the account, and the company says it never asks for seed phrases or private keys. The post Solana Mobile Suspends Marketing Email Account After Unauthorized Access appeared first on The Daily Hodl.

Solana Mobile Suspends Marketing Email Account After Unauthorized Access

Solana has been trading above the $100 mark since the end of August, but the more interesting action may be happening far away from the price chart.

Inside Solana's Staking Giants and the Mystery Whales With Billions

Tokenized equities on Solana have climbed to an all-time high of roughly $684 million as real-world assets, stock trading, and new launch platforms gain momentum. The surge is being reinforced by rising DEX activity and aggressive token buybacks.

Solana Tokenized Stocks Hit Record $684M as Trading Surges

Dogecoin

In the first week of September, Bitcoin (CRYPTO: BTC) traded in a tight range while XRP (CRYPTO: XRP), Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) outperformed as leverage shifted towards altcoins ahead of a busy macro week. Why Is BTC Rangebound?

Bitcoin, XRP, Solana, Dogecoin Remain Rangebound: Why Has the Rally Stalled?

Pump.fun

Pump.fun is letting users launch tokens paired directly with tokenized stocks, crypto majors, and metals on Solana. The move brings memecoin speculation and real-world assets into the same liquidity pools, while reviving questions about how far tokenized equities can stretch before regulation catches up. Pump.fun Pushes Tokenized Stocks Into 24/7 Solana Trading Pump.

Pump.fun Lets Memecoins Trade Against Tokenized Stocks on Solana

SkyAI's proposed equity plan would authorize 5.145 million shares for stock-based compensation, representing roughly 7.2% additional dilution.

Solana treasury firm SkyAI faces board challenge from would-be acquirer Forward Industries, shareholder group

A single wallet pulled 16,976 SOL off Binance and spent it on Stonkfun's STONK token at an average price of $0.19, buying into a drawdown. The token then set a new all-time high the same day.

A Whale Sold 16,976 SOL to Buy STONK's 33% Dip; Then Came It's All-Time High

DeFi Development Corp's CHAD is a Variable Rate Series C perpetual preferred stock, with an initial annual dividend rate of 13%.

DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasury

Bernstein sees 31% upside for Robinhood as its new chain tops Solana in fees, generating $33 million over 15 days.

‘The chain is now earnings': Bernstein sees 31% upside for Robinhood as fees top Solana, BNB Chain

Avalanche

Chainlink

Traditional brokerage giant Charles Schwab has significantly expanded its digital asset footprint.

Charles Schwab Expands Retail Crypto Access: Solana, Avalanche, and Chainlink Join the Platform

A Transaction v1 feature activates Wednesday, allowing complex proofs and large multisig operations to fit in one transaction while forcing services that read Solana to update.

Solana to triple transaction size as apps get room for more complex trades

Zcash

Open interest in altcoin perpetual futures moved above bitcoin's this weekend for the first time since December 2024, a shift that preceded sharp mid-cap corrections the last time it happened. What Metric Flipped Actually? Aggregate open interest, the dollar value of futures contracts still open, in altcoin perpetuals surpassed the same figure for bitcoin yesterday.

Zcash, XRP and Solana Bets Push Altcoin Leverage Past Bitcoin

Arbitrum

Robinhood Chain's fee model has become the focus of a broader debate over how blockchains finance growth. BNB Chain executive Nina Rong argued that sustainable revenue and commercial structures now outweigh further transaction-cost reductions. Robinhood Fee Debate Moves Beyond Transaction Costs A debate over Robinhood Chain's network economics expanded on Sept.

Robinhood Chain Fee Debate Reaches Solana, Arbitrum, BNB Chain

Tokenized equity trading reached nearly $3 billion in weekly volume during August, with Robinhood Chain, BNB Chain, and Solana handling most activity. However, only about 5% of the market is deployed in onchain financial applications.

Grayscale: Robinhood Chain, BNB, Solana Lead $3B Weekly Stock Trade

Uniswap

Five altcoins carry more near-term upside than Ethereum (CRYPTO: ETH) or XRP (CRYPTO: XRP) heading into Q4, according to a widely-followed cryptocurrency influencer. Why the Macro Sets Up the Alt Trade Altcoin Daily argued in a YouTube video on Thursday that the debasement trade driving Bitcoin higher creates the conditions for altcoin outperformance in Q4.

News for Solana Crypto (SOL)