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

Uniswap

The Uniswap web application—the interface for the world's leading decentralized exchange—announced support for the Solana blockchain.

Uniswap Web App Integrates Solana, Boosting Multi-Chain DeFi Interoperability

DeFi Development Corp. has acquired 86,307 additional SOL at an average price of $110.91, increasing its total SOL holdings to more than 2.19 million. The company now holds roughly $426 million in SOL as it continues to execute its long-term staking and yield strategy. Fresh Acquisition Strengthens DeFi Dev Corp's Solana Treasury DeFi Development Corp.

DeFi Dev Corp Boosts Solana Holdings to $426 Million

The updated protocol is "seamlessly integrated" into all Jupiter products, including its mobile and desktop apps as well as its API and Pro Tools.

Solana decentralized exchange aggregator Jupiter unveils Ultra v3 offering improved trade execution, MEV protections and ‘gasless support'

Aave

A broad altcoin sell-off is seeing whales de-risking, according to analysts, citing fears of a black swan event.

Is Smart Money Exiting? Whales Dump Solana, Aave, and Aster

This could simplify the user experience, removing the need to use complex bridges or switch between different wallets and applications

Ethereum-Based Uniswap Adds Solana Support in Win for Tackling DeFi Fragmentation

This aims to address fragmentation in DeFi especially between Solana and Ethereum ecosystems, Uniswap noted.

Uniswap's web app starts support for Solana

Solana (CRYPTO: SOL) is locked in a critical battle at the $186 support zone as nearly $400 million in outflows pressure the market, threatening to drag the token lower. The selloff comes just as Andreessen Horowitz's a16z crypto arm throws a $50 million lifeline into Solana staking giant Jito Foundation.

This Solana's Code Points To A Rally To $253, But There's A Catch

Nasdaq-listed DeFi Development Corp. paid an average of about $110 per token to boost its Solana treasury holdings by nearly 5%.

Solana treasury firm DeFi Development boosts SOL holdings nearly 5%, pays average of $110 per token

Andreessen Horowitz's crypto wing invested $50 million in key Solana infrastructure provider Jito in a strategic private token sale.

A16z Crypto invests $50 million in Solana's Jito via private token sale

Jito Foundation will use the funding to grow its validator technology, staking protocol, and developer tools on Solana.

Andreessen Horowitz's a16z Invests $50M in Solana Staking Protocol Jito

Tether's ecosystem just went Omnichain on Solana. USDT0 and XAUT0, bridged versions of Tether's USDT stablecoin and its gold token XAUT, have officially landed on Solana via Layerzero technology—opening the floodgates to nearly $175 billion in liquidity. Tether's USDT0 and XAUT0 Arrive on Solana via Layerzero Solana just scored a major liquidity boost.

Tether Brings Cross-Chain Dollars and Gold to Solana

Hackers briefly seized Dota 2's YouTube channel to push a Solana meme coin in a coordinated pump-and-dump.

Dota 2 YouTube Account Briefly Hacked to Promote Solana Meme Coin

USDT0 and XAUT0, cross-chain bridged versions of Tether's USDT stablecoin and its gold token, have launched on Solana.

Tether-linked USDT0 and XAUT0 launch on Solana via LayerZero tech

CME Group began facilitating trades on Solana and XRP futures in March and May, respectively.

Options on Solana and XRP Futures Begin Trading on CME

The CME Group's new options tied to XRP (XRP) and solana (SOL) futures went live Monday, with initial trades conducted by key market participants, including Wintermute, Galaxy, Cumberland DRW and SuperState.

CME Announces First XRP and SOL Option Trades

Solana under the negative momentum pushed the price below the moving average lines. Price analysis of SOL by Coinidol.com.

Solana Renews Its Bullish Ascent Above $170

Solmate Infrastructure has purchased $50 million in Solana tokens directly from the Solana Foundation to fuel its growing crypto infrastructure footprint across the United Arab Emirates.

Solmate Buys $50M in Solana Tokens to Power UAE Infrastructure Buildout

Bitcoin

Ethereum

Pseudonymous millionaire crypto trader Unipcs remains bullish on digital assets despite widespread pessimism following the “brutal” Oct. 10 selloff. What Happened: Unipcs noted in a message on his private Telegram channel that the recent market wipeout, estimated to have caused $40 billion in liquidations, was the largest in crypto history, surpassing both the COVID crash and the FTX collapse combined.

Millionaire Trader Lost $15M But Says BTC, ETH, SOL Remain Bullish In Q4

Cathie Wood's Ark Invest-backed Solmate Infrastructure said on Tuesday that it had picked up cryptocurrency solana during last week's sharp pullback in the market for digital assets.

Cathie Wood-backed Solmate scoops up solana in last week's drawdown

Monad

Upcoming layer-1 network Monad announced more details about its MON airdrop, including key dates and an eligibility checker.

Monad Opens Airdrop to Solana Users, Ethereum NFT Holders as MON Launch Nears

Solana (CRYPTO: SOL) has rebounded from the $186 level, keeping its bullish structure intact and setting the stage for a potential breakout. Can SOL keep outperforming XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA)?

Solana's Chart Flashes Bullish Setup That XRP, ADA Don't Have—What's Going On?

Ark Invest has reportedly taken a 11.5% Solmate (SLMT) stake while the company said it bought $50 million discounted SOL from Solana Foundation.

Cathie Wood's ARK Invest Takes 11.5% Stake in Solana Treasury Firm Solmate Infrastructure (SLMT)

Solana's still stacking wins while the charts cool off.

Solana News: SOL Bounces After Crazy Market Crash

Solmate purchased $50 million of SOL from the Solana Foundation at a 15% discount and said Ark Invest now holds about 11.5% of the company.

Solmate secures $50 million in discounted SOL from Solana Foundation as Ark Invest takes big stake

After Trump's tariff threat sent crypto tumbling, technical indicators paint a mixed picture of recovery as $19 billion in liquidations clear the market

News for Solana Crypto (SOL)