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

In a groundbreaking move, investment fund manager 3iQ Corp has announced plans to launch North America's first Solana (CRYPTO: SOL)-based exchange-traded product (ETP) in Canada. What Happened: Toronto-based 3iQ said it filed a preliminary prospectus with the regulatory authorities in all of the provinces and territories of Canada.

Solana ETF: 3iQ Seeks Approval For North America's First Such Fund In Canada — Will The US Be Next?

After Bitcoin and Ethereum ETF approvals in the United States, a firm aims to launch Canada's first Solana ETF. Can the U.S. be far behind?

Solana ETF Proposal Aims to Be First in North America

3iq has applied to launch the first Solana exchange-traded product in North America, the investment firm said Thursday.

3iq applies to launch Solana ETP in Canada

3iQ was a leader in getting some of the first crypto ETFs past the finish line and listed on the TSX

Canada's 3iQ Files to List Solana ETP in Toronto

Bitcoin

Ethereum

Crypto venture capitalist Andrew Kang sees the delayed Ethereum (CRYPTO: ETH) ETF causing market momentum to shift from upward to downward, particularly due to the lack of acute ETF inflows. What Happened: Kang points out the effect for the different large cap cryptocurrencies.

Why The Bitcoin, Ethereum, Solana Pump Is 'Delayed'

The ratio has declined 35% in one month, reaching the lowest since March 13.

Solana-Ether Ratio Hits 3-Month Low, Analyst Anticipates Further Losses

Polygon

The short answer is: probably not—but it's complicated.

Are Solana and Polygon Safe Now That SEC's Ethereum Investigation Is Over?

Analysts at crypto hedge fund Pantera Capital believe Solana (SOL) could soon start pulling market share away from Ethereum (ETH) and other layer-1 competitors. In its latest Blockchain Letter, Pantera analysts Franklin Bi, Cosmo Jiang and Eric Wallach say that Solana's monolithic architecture gives it a sizable advantage over other blockchain projects.

Pantera Capital Says Solana Set to Gain Market Share From Ethereum And Other Competitors – Here's Why

An analyst who accurately called the 2022 crypto collapse is turning bullish on Solana (SOL) and Render (RNDR). Pseudonymous analyst Capo tells his 90,280 Telegram subscribers that Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend pattern. “Added more to the SOL and RNDR longs.

Trader That Called 2022 Crypto Collapse Bullish on Solana (SOL) and GPU-Focused Altcoin

Solana (SOL) continues to trade above $128 support but below $180 resistance. Price analysis by Coinidol.com.

Solana Rebounds Over $128 As The Bulls Mount A Strong Defense

A closely followed analyst says altcoins showing relative strength amid the latest crypto correction will be the first to print new highs this year. Analyst Jason Pizzino tells his 108,800 followers on the social media platform X that he's keeping an eye on altcoins that are printing bullish higher low setups.

Trader Jason Pizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year

In a surprising twist that captured the attention of both the music and cryptocurrency world, SoundCloud rapper Lil Pump added a new piece of ink to his iconic collection. Pump's newest body art features the Solana (SOL) logo along with "Solana" printed across his forehead.

Ink And Innovation: Lil Pump's Solana Tattoo Highlights Celebrities' Growing Influence In Crypto

Bonk

Falling Bitcoin prices have prompted a dump in the altcoin market, but that is not the only reason behind their poor performance, according to a new 10x Research report. The report highlights several key reasons behind the crash.

Solana Down, Floki, Bonk Crashing: What Is Going On With Altcoins?

Sonic, a Solana Layer 2 network focused on gaming, has raised $12 million in a Series A funding round led by Bitkraft Ventures.

Solana Layer 2 Sonic raises funds at $100 million token valuation

The Series A round was led by Bitkraft and joined by investors including Galaxy Interactive and Big Brain Holdings, according to a press release.

Sonic, Gaming-Focused Layer-2 Chain on Solana, Raises $12M

Dogecoin

The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected

The collectibles platform is hoping the mobile app will make it easier to digest new types of content, such as podcasts.

Solana creator platform DRiP Haus targets July for mobile app release, says founder

Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.

Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K

With zero evidence of a Trump link, one Solana meme coin has more than doubled in price and seen $129 million in trades based on a rumor.

Trump Meme Coin DJT on Solana Skyrockets Amid Rumors It's Official Token

A trader known for making timely altcoin calls thinks that one memecoin is gearing up for a big upside burst. Pseudonymous analyst Bluntz tells his 261,500 followers on the social media platform X that while he's medium-term bearish on meme token dogwifhat (WIF), he thinks the altcoin is poised for a big bounce.

Top Crypto Analyst Predicts 50% Rally for Solana-Based Memecoin – Here Are His Targets

The former president's son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources.

'DJT' Solana Token Surges on Unconfirmed Report Trump's Behind It

The price of Solana's native token, SOL, has experienced a significant drop of 7.22% in the past 7 days, reaching $150.33 on June 17.

Solana's SOL Token Falls Amid Market Correction and Competitive Pressure

American rapper Lil Pump recently took to Instagram to showcase what appears to be a new tattoo dedicated to the blockchain platform Solana.

Lil Pump Flaunts New Solana Tattoo, While Celeb Coins Take a Hit

Only1 is a crypto-fueled OnlyFans alternative on Solana—and already, people are shelling out big bucks to get closer to creators.

Would You Pay $40K in Solana for a Date With a Playboy Playmate?

A widely followed trader and analyst says that blue skies are ahead for a large-cap altcoin even amid a marketwide correction.

News for Solana Crypto (SOL)