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 DeFi users are celebrating after Jito launched JTO, with 90 million tokens up for grabs for eligible users.

Jito Airdrop Hands Out $225 Million to Solana Users

A decentralized finance (DeFi) project built over smart contract platform Solana (SOL) is gearing up to kick off an airdrop as Coinbase announces support for it.

Solana-Based DeFi Project Jito (JTO) To Kick Off Airdrop As Coinbase Announces Support for the Token

Ethereum

BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.

Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'

Solana's SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem's on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino.

Solana Protocol Kamino Eyes Airdrop Following Jito Token Launch

A closely followed crypto analyst says that Ethereum (ETH) rival Solana (SOL) is gearing up to continue its rally to the upside.

Analyst Says Ethereum Rival Solana Primed To Go ‘Much Much Higher' – But There's a Catch

Bonk

Bullish traders are once again eyeing up risky assets for quick gains.

Meme Coins Dogecoin, SHIB Slip—But Solana's BONK Continues to Soar

A widely followed crypto analyst says that smart contract platform Solana (SOL) has more room to run even after recording triple-digit gains so far this year. Pseudonymous crypto trader Bluntz tells his 230,500 followers on the social media platform X that the Ethereum (ETH) rival could go up by double digits in the coming days.

Top Crypto Analyst Says Ethereum Rival That's Exploded Over 500% Year-to-Date Is About To Rip Again

Yakovenko emphasizes the importance of reaching a user base of 25-50K to sustain the Solana phone's development in an interview with Laura Shin.

Future of Solana's Hyped Saga Phone is "Under Internal Discussion" as Sales Figures Fail to Wow

Coinbase has announced it will list Solana-based DeFi project Jito's token on its platform following the JTO airdrop Thursday.

Coinbase Set to List Jito Following Airdrop of Solana Token

One Solana (SOL)-based altcoin project is soaring after the project issued a major announcement. Decentralized wireless network project Helium (HNT) announced Tuesday the launch of a new affordable cell phone plan over its network available to those in the United States. Says Helium Mobile, “It's here.

Solana-Based Altcoin Instantly Explodes Over 75% After Project Makes Big Announcement

A more than 70% surge since Sunday has catapulted it to the third-largest dog-themed tokens behind foremost dogecoin (DOGE) and shiba inu (SHIB).

Solana Hype Bumps BONK to Third-Largest Dog Token, Behind DOGE, SHIB

A pseudonymous crypto analyst predicted that Solana (CRYPTO: SOL) could reach all-time highs of $360 by early 2025. What Happened: Inmortal shared a chart on X, that shows the sixth-ranked cryptocurrency by market capitalization which is also called as “Ethereum (CRYPTO: ETH) killer” might climb to roughly $100 by year's end, $200 by September 2024 and $360 by 2025.

Feeling 'Lonely', Solana? Analyst Predicts 'Ethereum Killer' To Soar Over 450%, Reaching All-Time High Of $360 By 2025

A popular crypto analyst thinks Ethereum (ETH) competitor Solana (SOL) could skyrocket to new all-time highs within the next year. The pseudonymous trader known as Inmortal shares a chart with his 202,700 followers on the social media platform X that projects SOL surging to $360 by the beginning of 2025.

Trader Predicts Massive Solana (SOL) Rally to New All-Time High of $360 – Here's His Timeline

A Solana address potentially related to the now-defunct crypto exchange FTX has unstaked $90 million worth of SOL, according to on-chain data. First spotted by Lookonchain, an address beginning with “4Axqyo” unstaked 1.5 million SOL and transferred it to another address.

FTX-Related Solana Address Unstakes $90,000,000 Worth of SOL As Ethereum Rival's Rally Stalls: Lookonchain

DefiLlama data indicates that the total capital locked or staked across all decentralized finance (DeFi) protocols peaked at $49.6 billion, on Dec. 5, 2023. For the first time in six months, the value of underlying assets increased, and investors looked to secure a yield on their crypto holdings.

DeFi Total Value Locked Zooms To $50B, Blast Deposits And Solana-Based Protocols Drive Growth

Capping off a month of historic gains, the BONK token amassed a market cap large enough to dethrone Elon Musk-themed coin FLOKI.

Best in Show? Solana's BONK Joins Dogecoin and SHIB as Top Dog Coins

Solana (SOL) co-founder Anatoly Yakovenko is unveiling one of the most impactful innovations that's emanated from the crypto industry In a new interview with macro guru Raoul Pal, Yakovenko says that decentralized finance (DeFi) is possibly the best thing that came out of crypto. “DeFi is the most important app for crypto.

This Is the Most Important App for Crypto, According to Solana (SOL) Creator Anatoly Yakovenko

As Solana continues to climb in recent weeks, its top meme coin BONK is reaping the rewards, now up 762% in the past 30 days.

BONK Won't Stop: Solana Meme Coin Sets Another All-Time High

With a rocketing token and tech improvements on the horizon, the Solana community – rallied by industry champion Anatoly Yakovenko – defied the odds of defeat.

Anatoly Yakovenko and Solana Bounce Back

Solana protocols Jupiter and Jito announce airdrops while Cosmos Hub prepares for a hard fork — check out these and more in our weekly DeFi roundup.

Week in DeFi: Solana Airdrop Season in Full Swing

The price of Solana (SOL) has survived two negative moments as sellers try to push the altcoin below the 21-day simple moving average.

Solana Continues His Positive Run And Breaks Out Above $62

Users can now check how much JUP token they're entitled to claim through DeFi platform Jupiter's upcoming airdrop.

Jupiter Reveals Airdrop Allocations for Solana DeFi Users

Jupiter, a DEX aggregator on Solana, opened its token airdrop. Some usersare already complaining about their allocations.

Solana DEX aggregator Jupiter starts token airdrop, with 10% of supply set to be allocated

Avalanche

Chainlink

A pseudonymous cryptocurrency analyst issued a warning to investors and traders in the digital currency ecosystem, predicting a gradual decline for several prominent cryptocurrencies, including Solana (CRYPTO: SOL), Chainlink (CRYPTO: LINK), Avalanche (CRYPTO: AVAX) and the decentralized finance (DeFi) token Rune (CRYPTO: RUNE). Altcoin Sherpa's analysis focused on specific technical indicators, particularly the .382 Fibonacci retracement levels and the 200-day Exponential Moving Averages (EMAs) on the four-hour charts.

Crypto Market Braces For Dramatic Shift: Analyst's Predictions About Solana, Chainlink, Avalanche Send Shockwaves

Bitcoin

Stellar

Solana (CRYPTO: SOL) has emerged as one of the top gainers among Layer-1 (or base) blockchains, up over 80% in the past month. Other top-performing Layer-1 cryptos in the past month include Avalanche (CRYPTO: AVAX) up 82%, Cardano (CRYPTO: ADA) up 28%, and Tron (CRYPTO: TRX) which gained 8%.

News for Solana Crypto (SOL)