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

While the blockchain network Solana's native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual […]

Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs

After launching its alpha mainnet yesterday, perpetual swaps exchange Drift has announced $3.8 million in fresh funding for initial liquidity and a deep insurance fund. 

Solana-based Perpetual Swaps Exchange Drift Raises $3.8M 

Multicoin Capital led the decentralized exchange's funding round with Jump and Alameda also participating.

Solana-Based Perpetual Swaps DEX Raises $3.8M

Solana's sol token attained its latest record price today. Market observers pointed to multiple factors as pushing the digital asset higher.

What Pushed Solana Prices To A Fresh, All-Time High Today?

The Block's Frank Chaparro chats with Jump Crypto president Kanav Kariya. The post Jump's Kanav Kariya details the firm's growing footprint in Solana, governance, and blockchain use cases appeared first on The Block.

Jump's Kanav Kariya details the firm's growing footprint in Solana, governance, and blockchain use cases

Cardano

Digital asset manager CoinShares says that last week, the crypto markets saw the biggest inflow of institutional capital ever recorded. The crypto firm says that digital asset investment products have shattered the record for both weekly and yearly capital flows by a huge margin. “Digital asset investment products saw inflows last week totaling US$1.47bn, the […] The post Solana and Cardano Dominate As Crypto Sees Largest Weekly Institutional Inflows in History appeared first on The Daily Hodl.

Solana and Cardano Dominate As Crypto Sees Largest Weekly Institutional Inflows in History

After a downturn in September, Solana's summer surge looks to be back in full swing as SOL hits a new peak price.

Ethereum Rival Solana Sets New All-Time High After 36% Weekly Rise

Over the past 24 hours, Solana's (CRYPTO: SOL) price has risen 9.84% to $208.9. This continues its positive trend over the past week where it has experienced a 30.0% gain, moving from $159.8 to its current price.

Cryptocurrency Solana Up More Than 9% In 24 hours

A variety of new Solana-specific projects, specifically in the realm of DeFi and DAOs, have played a role in the native token's latest rise.

Solana Rises 10%, Overtaking XRP

Solana (CRYPTO: SOL) price touched an all-time high of $214.96 in September and it was hovering 3.5% below that level at press time. What Happened: Solana is a token of a high-performance blockchain protocol focused on decentralized applications or DApps.

Is Solana Crypto Set To Hit A New All-Time High?

A popular crypto strategist and trader is predicting a fresh price spike for smart contract platform Solana and says one low-cap altcoin is gearing up for a supply shock. Pseudonymous crypto analyst Credible tells his 251,900 Twitter followers that he expects Solana (SOL) to ignite a massive rally after breaking out and starting a new […] The post One Low-Cap Altcoin Set for Massive Supply Shock As Solana Preps for Epic Rally: Crypto Analyst appeared first on The Daily Hodl.

One Low-Cap Altcoin Set for Massive Supply Shock As Solana Preps for Epic Rally: Crypto Analyst

Each tungsten cube NFT is purportedly backed by a physical tungsten cube.

Tungsten Cube NFT Sales on Solana Raise $100K for Coin Center

Ethereum

Hedera

A widely followed crypto analyst is bullish on five altcoins following Bitcoin's (BTC) big push to fresh all-time highs. The pseudonymous trader known as Credible Crypto tells his 251,200 Twitter followers that whales appear to be accumulating Convex Finance, whose CVX token powers the Curve Finance decentralized exchange (DEX). “Another million-dollar purchase of CVX from […] The post Five Altcoins Set To Surge As Crypto Markets Heat Up, According to Popular Crypto Trader appeared first on The Daily Hodl.

Five Altcoins Set To Surge As Crypto Markets Heat Up, According to Popular Crypto Trader

Solana's sol reached a new record earlier today. What's next for this digital token? Technical analysts weigh in.

What's Next For Solana Prices After The Token Reached Its Latest High?

The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset's overall market cap is around $62.2 billion, only 11% away from surpassing cardano's market valuation at $69 million. Solana Takes the 6th Spot, […]

Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano's Rank

Solana's sol token just reached its latest record price level. What helped push the digital currency to this most recent zenith? Several analysts weigh in.

Solana Prices Climb To Fresh, All-Time High As Upward Trend Continues

A leading crypto trader and analyst says an Ethereum (ETH) competitor appears ready to surge by more than four times its current levels. The trader pseudonymously named Smart Contracter tells his 174,900 Twitter followers that Solana (SOL) will outshine both ETH and Bitcoin (BTC). His target price is now $900 – an appreciation of more […] The post Top Crypto Trader Says Ethereum Rival Solana Will Outshine Both Bitcoin and ETH – Here's His Target appeared first on The Daily Hodl.

Top Crypto Trader Says Ethereum Rival Solana Will Outshine Both Bitcoin and ETH – Here's His Target

Solana (CRYPTO: SOL) continued to move ever higher even as major cryptocurrencies slipped into the red on Thursday night. What's Moving?

Why Is Solana ($SOL) Going Up While Other Major Cryptos Slump?

After Bitcoin and Ethereum reached record prices this week, Solana is slowly making its way back to its all-time high.

Ethereum Rival Solana Rides Bitcoin Wave to 8% Daily Gain

Solana prices have climbed recently, helping the digital currency come within range of fresh, all-time highs. What variables are driving this upside? Several analysts offer their perspective.

Solana Prices Rally Nearly 25% In Two Days As Bullish Factors Drive Gains

October 21, 2021 – Tel Aviv, Israel Play-to-earn gaming platform MonkeyBall has confirmed the conclusion of its recent funding round, during which it managed to raise over $3 million from a slew of venture and angel investors. Participants in the round include an assortment of high-profile firms such as Solana Capital, Republic, NFX, iAngels, Longhash, […] The post Solana Gaming Platform MonkeyBall Raises $3 Million From Crypto's Finest appeared first on The Daily Hodl.

Solana Gaming Platform MonkeyBall Raises $3 Million From Crypto's Finest

Synchrony Finance, a Solana-based asset management protocol, has raised $4.2 million in strategic funding. The post Solana-based asset management platform Synchrony raises $4.2 million appeared first on The Block.

Solana-based asset management platform Synchrony raises $4.2 million

MonkeyBall, a crypto startup building a play-to-earn NFT game based on Solana, has raised $3 million in a seed funding round. The post Solana-based play-to-earn NFT game MonkeyBall raises $3 million appeared first on The Block.

Solana-based play-to-earn NFT game MonkeyBall raises $3 million

The latest DeFi record is coupled with Solana's native SOL token rising by more than 20% in the past 24 hours. 

Total Value Locked in DeFi on Solana Hits Record High Of $12.7B

Over the past 24 hours, Solana's (CRYPTO: SOL) price rose 10.83% to $173.05. This continues its positive trend over the past week where it has experienced a 18.0% gain, moving from $147.12 to its current price.

News for Solana Crypto (SOL)