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

"It is normal for investors to reduce exposure to enter at a lower price," one observer said.

ADA, SOL Lead the Way as Crypto Market Sees Price Pullback

Apricot said it intends to use its newly raised capital to support the roll-out of its initial flagship services.

Solana's Apricot Finance Raises $4M in 'Party' Funding Round

Osprey appears to have beaten Grayscale in the race to get a Solana vehicle into the market.

Osprey Readies SOL Fund as Solana Attracts Institutional Interest

High-speed blockchain Solana (CRYPTO: SOL) has seen its price appreciate by 100% over one month. What Happened: The token's price climbed from just $27 on July 25 to an all-time high of $81 on August 20.

Ethereum Competitor Solana Leads Digital Asset Weekly Inflows With $7.1M

The prevalent narrative in the cryptocurrency world this year has revolved around the concept of decentralized finance or DeFi. Blockchain technology has ushered in possibilities of much-needed transformation in the global financial system.

Phemex Announces Support For Solana [SOL]

Bitcoin

Ethereum

Digital asset manager CoinShares says Ethereum competitor Solana recorded more institutional capital inflows than any other crypto asset last week. In its weekly report, the firm says Solana recorded more than twice the amount of institutional capital than Ethereum. “Solana, a competitor to Ethereum offering a flexible infrastructure and faster transaction settlement, saw the largest […] The post Institutions Pouring Money Into Solana and Cardano, Current Rate Outpacing Both Bitcoin and Ethereum: CoinShares appeared first on The Daily Hodl.

Institutions Pouring Money Into Solana and Cardano, Current Rate Outpacing Both Bitcoin and Ethereum: CoinShares

Dogecoin

A widely followed crypto trader is warning people to not forget about leading meme crypto asset Dogecoin (DOGE), and he's also flipping bullish on one Solana-based digital asset. The pseudonymous trader known as Kaleo tells his 356,000 Twitter followers that he's bullish on DOGE. Worth saying one more time because I love you guys – […] The post Top Trader Warns Not To Sleep on Dogecoin, Flips Mega Bullish on This Solana-Based Altcoin appeared first on The Daily Hodl.

Top Trader Warns Not To Sleep on Dogecoin, Flips Mega Bullish on This Solana-Based Altcoin

Luna Yield has disappeared, taking $6.7 million of investors funds with it.

Solana DeFi Protocol Luna Yield Goes Dark With $6.7 Million in Crypto

Solana and Polygon, two scalable alternatives to Ethereum, lead the altcoin charge today as crypto markets grew 2.74% overnight.

Ethereum Competitor Solana Hits All-Time High As Market Continues to Rise

Over the past 24 hours, Solana's (CRYPTO: SOL) price rose 5.49% to $75.61. This continues its positive trend over the past week where it has experienced a 73.0% gain, moving from $43.62 to its current price.

Solana's Price Increased More Than 5% Within 24 hours

Famed investment strategist Lyn Alden has predicted bitcoin will hit $100,000 and ethereum will reach $5,000 as soon as next year...

Crypto Price Prediction: Bitcoin Could Be About To Soar To $100,000 And Ethereum To $5,000 As Cardano And Solana Suddenly Surge

A closely followed crypto trader is predicting new all-time highs for Ethereum competitor Solana (SOL) and exchange token FTT and says one meme coin is in the midst of a breakout. The pseudonymous trader, known as Smart Contracter, tells his 158,800 followers that even though SOL has just reached a fresh all-time high, the blazing […] The post Popular Crypto Trader Predicts New All-Time Highs for Solana and FTT, Says This Memecoin Is Breaking Out appeared first on The Daily Hodl.

Popular Crypto Trader Predicts New All-Time Highs for Solana and FTT, Says This Memecoin Is Breaking Out

Solana's native cryptocurrency SOL is up 96% on the week amidst rising NFT and DeFi usage on the high-volume blockchain network.

Ethereum Rival Solana Has Nearly Doubled in Price in One Week

This summer's NFT boom may be a key reason behind a spike in Arweave, a decentralized storage project underpinning several key marketplaces. 

Decentralized Storage Project Arweave Up 66% In A Week Amid Solana's NFT Summer

The SOL coin also hit an all-time high price today.

Solana DeFi Now Has More Than $2 Billion Flowing Through It

Ethereum Classic

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

Day Trader Bible, Ethereum Classic And Solana Among Top Crypto Movers In 24H

During the last few weeks, a crypto asset called solana has been making its way up the charts and has made it into the top ten cryptocurrencies by market capitalization. Solana reached an all-time price high on Monday, capturing $74 per unit and an 80% gain over the course of the week. In addition to […]

Solana Captures Fresh All-Time Highs, SOL Joins the Top Ten Crypto Assets by Market Cap

"First Mover" digs into Austrian crypto unicorn Bitpanda's latest funding round as the company has now tripled its valuation in five months to $4.1 billion. Bitpanda CEO and co-founder Eric Demuth shares the company's growth plan and the state of crypto in Europe.

Crypto Exchange Bitpanda's Valuation Triples to $4.1B, Solana Price Hits New All-Time High, Leading Altcoin Price Surge

Shiba Inu

A prominent crypto strategist and trader says he's expecting Dogecoin, Solana and one more altcoin to ignite huge rallies while Bitcoin and Ethereum take a breather. The pseudonymous trader, known in the industry as Pentoshi, tells his 291,000 Twitter followers that Dogecoin (DOGE) is poised to rally to $0.42 after taking out resistance at $0.23 […] The post Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst appeared first on The Daily Hodl.

Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst

Solana (CRYPTO: SOL) was soaring in the late hours of Monday as it touched a fresh all-time high of $74.44. What's Moving?

DeFi Play Solana Keeps Hitting Fresh All-Time Highs: Is There Still Time To Buy In?

The price of SOL, the native asset of the Solana network, hit an all-time high on Monday — and market watchers say several catalysts appear to be at play amid the run-up.  The post Solana hits all-time high as market watchers say institutional interest is growing appeared first on The Block.

Solana hits all-time high as market watchers say institutional interest is growing

Terra

"Crypto natives have proven to be very resilient," one analyst said.

Solana, Terra Hit All-Time Highs as Markets Disregard Last Week's DeFi Hacks

What Happened: High-speed blockchain Solana (CRYPTO: SOL) saw its native token surge by more than 41% to a new all-time high of $64.48 today. Extending a week-long rally that saw its price appreciate by more than 56%, SOL recorded a 472.48% uptick in daily trading volume, which exceeded $3.9 billion at the time of writing.

Ethereum Competitor Solana (SOL) Rallies Over 40% To New All-Time High, Transaction Volumes Top 24B

Solana's (CRYPTO: SOL) price has increased 33.93% over the past 24 hours to $63.15. Over the past week, SOL has experienced an uptick of over 61.0%, moving from $39.27 to its current price.

Solana Pumps 34% And Hits New All Time High

The native token of the Solana blockchain, SOL, surged to a fresh record high above $60 on Monday amid the network's accelerating adoption.

News for Solana Crypto (SOL)