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

Cardano

Bitcoin

Ethereum

The bitcoin price has crashed 10% over the last 24 hours to around $38,000, a level not seen since the summer of 2021...

Crypto Price Crash: Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Suddenly In Freefall

Fireblocks, an institutional crypto custody platform, has added support for Solana's native token SOL. The post Institutional crypto custodian Fireblocks adds support for Solana appeared first on The Block.

Institutional crypto custodian Fireblocks adds support for Solana

01 Exchange says it's "the first fully-decentralized derivatives exchange to support orderbook-based power perpetuals and perpetual futures on Solana."

Solana DeFi Exchange for Crypto Derivatives Nabs $2.2M in Seed Round

A senior Bloomberg strategist issues a huge bitcoin price prediction amid the crypto rout that's battering ethereum, BNB, solana, cardano and other cryptocurrencies.

Bloomberg Strategist: Bitcoin's ‘Unique Phase' Will Send Its Price To $100,000 In 2022—Meanwhile Ethereum, BNB, Cardano, Solana Prices Tumble

STEPN, a Solana-based "move-to-earn" NFT gaming startup that rewards users for exercising, has raised $5 million in a seed funding round. The post Solana-based ‘move-to-earn' startup STEPN raises $5 million in SAFT sale appeared first on The Block.

Solana-based ‘move-to-earn' startup STEPN raises $5 million in SAFT sale

Polygon

Crypto analyst Aaron Arnold thinks Ethereum (ETH), Solana (SOL) and three other altcoins will be “explosive” this year. The co-host of Altcoin Daily tells his 1.2 million YouTube subscribers that surging interest in non-fungible tokens (NFTs) and decentralized finance (DeFi) is driving his bullishness on a handful of crypto assets. “[I'm] talking about quality L1s […] The post Ethereum (ETH), Solana (SOL) and Polygon (MATIC) Will Be Explosive in 2022, According to Altcoin Daily – Here's Why appeared first on The Daily Hodl.

Ethereum (ETH), Solana (SOL) and Polygon (MATIC) Will Be Explosive in 2022, According to Altcoin Daily – Here's Why

JPMorgan﻿ has warned ethereum's high transaction fees and network congestion risk handing NFT market share to ethereum rival solana—something that could be a "problem for ethereum's valuation"...

Crypto Price Alert: JPMorgan Has Issued A Stark Ethereum NFT Warning After Huge Solana And Cardano Surge Hits Bitcoin

Shark Tank star and billionaire investor Kevin O'Leary sees several leading altcoins that he believes have the potential to add problem-solving value as the blockchain world expands and evolves. In an interview with Anthony Pompliano on The Best Business Show, O'Leary says cryptocurrencies should be viewed as functional “software” rather than simply alternate forms of […] The post Shark Tank Investor Kevin O'Leary Says Solana (SOL), Polygon (MATIC) and Hedera (HBAR) Have ‘Large' Potential appeared first on The Daily Hodl.

Shark Tank Investor Kevin O'Leary Says Solana (SOL), Polygon (MATIC) and Hedera (HBAR) Have ‘Large' Potential

Solana-based NFTs gained traction as Ethereum experienced all-time high gas fees last year — and some even fetched millions. The post Solana NFT total sales volume crosses $1 billion appeared first on The Block.

Solana NFT total sales volume crosses $1 billion

The popular League of Legends and Counter-Strike team will release profile picture NFTs on Solana in February.

G2 Esports Team Launching Solana NFTs as Membership Pass for Fans

Since August, Solana has been capturing NFT volume share from Ethereum, the bank's analysts said.

JPMorgan Says Ethereum Is Losing NFT Market Share to Solana

A closely followed crypto strategist is predicting what's in store for Bitcoin (BTC) and smart contract platforms Ethereum (ETH) and Solana (SOL). Pseudonymous crypto analyst Pentoshi tells his 475,500 Twitter followers that while he's bearish on BTC, he expects it to bounce before continuing its corrective trend. “BTC. Bias is still this for the lower […] The post Here's What's Next for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), According to Crypto Analyst Pentoshi appeared first on The Daily Hodl.

Here's What's Next for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), According to Crypto Analyst Pentoshi

Bearish sentiment among institutional investors in the crypto markets appears to be cooling despite millions of dollars in outflows from digital asset investment products. According to digital asset manager CoinShares, crypto investment products suffered outflows of $73,000,000 last week, the fifth week of outflows in a row. “Digital asset investment products saw outflows totaling a weekly […] The post Solana (SOL) Remains a Favorite Among Institutions As Negative Crypto Sentiment Shows Signs of Cooling: CoinShares appeared first on The Daily Hodl.

Solana (SOL) Remains a Favorite Among Institutions As Negative Crypto Sentiment Shows Signs of Cooling: CoinShares

Tezos

An analyst from JPMorgan says that Ethereum (ETH) is losing ground to several competitors which are gaining dominance in the non-fungible token (NFT) market. In a note seen by Markets Insider, analyst Nikolaos Panigirtzoglou said that high fees on the Ethereum network are pushing some users in the NFT market towards cheaper alternatives, presenting a […] The post JPMorgan Says Solana (SOL), Tezos and One More ETH Rival Challenging Ethereum's Dominance in the NFT Market: Report appeared first on The Daily Hodl.

JPMorgan Says Solana (SOL), Tezos and One More ETH Rival Challenging Ethereum's Dominance in the NFT Market: Report

Metaplex Foundation, the developer of the Solana-based NFT protocol Metaplex, has raised $46 million in a funding round. The post Solana project Metaplex Foundation raises $46 million in SAFT sale appeared first on The Block.

Solana project Metaplex Foundation raises $46 million in SAFT sale

The protocol that powers millions of Solana NFTs finds prominent backers as it looks towards the metaverse and beyond.

Michael Jordan, Multicoin Back Solana NFT Firm Metaplex in $46M Round

Investors in the zero-interest borrowing platform included Three Arrows, DeFiance Capital and Digital Currency Group.

Solana-Based DeFi Project Hubble Protocol Raises $10M

Multicoin Capital and Jump Crypto led the funding round. The project is ramping up operations after a successful 2021 debut.

Solana NFT Layer Metaplex Raises $46M

Avalanche

On the first episode of Decrypt's new podcast, SBF revealed his picks for the three most promising blockchains in 2022.

3 Most Promising Blockchains Besides Bitcoin and Ethereum, According to SBF

Crypto analyst Nicholas Merten says that the performance of Cardano (ADA), Binance Coin (BNB) and two other altcoins are proof that the digital asset markets are not yet in bear territory. In a new strategy session, Merten says that one of the main hallmarks of a crypto bear winter is when altcoins start bleeding against […] The post Cardano (ADA), Binance Coin (BNB) and Two More Altcoins Signal Crypto Not in Bear Market: Analyst Nicholas Merten appeared first on The Daily Hodl.

Cardano (ADA), Binance Coin (BNB) and Two More Altcoins Signal Crypto Not in Bear Market: Analyst Nicholas Merten

Fantom

A popular crypto analyst and trader is predicting a strong breakout for Ethereum competitor Fantom (FTM) and says that another ETH rival is gearing up to rally. Crypto strategist Altcoin Sherpa tells his 165,100 Twitter followers that Fantom, a highly scalable blockchain for enterprises, is threatening to take out a massive resistance area above $3.00 […] The post Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally appeared first on The Daily Hodl.

Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally

Bangalore, India, 17th January, 2022, Chainwire since its launch in 2021, Unmarshal has continued to look for ways to improve its ecosystem to provide the…

DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

The funding will go toward expanding Burnt Finance's headcount and tapping new partnerships with artists and other Solana-based projects.

Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana

A closely followed crypto strategist and trader is unveiling one Ethereum (ETH) competitor that he believes will follow the epic 2021 rallies of smart contract platforms Solana (SOL) and Avalanche (AVAX). Pseudonymous trader Cantering Clark tells his 103,900 Twitter followers that he's closely watching Near, a developer-focused blockchain designed for scalability and stability. According to […] The post One Ethereum Rival Will Follow Explosive Rallies of Solana (SOL) and Avalanche (AVAX), According to Top Crypto Analyst appeared first on The Daily Hodl.

One Ethereum Rival Will Follow Explosive Rallies of Solana (SOL) and Avalanche (AVAX), According to Top Crypto Analyst

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Blockchain ecosystems are now emerging faster than ever with the help of EVM, bridges, and incentives Growing L1 networks continue to face unexpected scaling challenges as they attempt to meet user demand This week, we take a look at Fantom, Solana, Harmony, and NEAR

News for Solana Crypto (SOL)