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

Helius joins the growing ranks of Solana treasury companies, alongside Forward Industries, Sol Strategies, and DeFi Development Corp.

Helius Medical Technologies soars 250% on $500M Solana treasury raise led by Pantera, Summer Capital

Helius Medical Technologies (HSDT) announced on Monday it's raising more than $500 million in a private financing round to create a Solana-focused treasury company.

Pantera-Backed Solana Treasury Firm Helius Raises $500M, Stock Soars Over 200%

Forward Industries kicked off its Solana treasury strategy with a 6.82 million SOL for about $1.58 billion, funded by its $1.65 billion PIPE financing.

Forward Industries kicks off $1.6 billion Solana treasury with 6.8 million SOL acquisition

Galaxy Digital Inc. (NASDAQ:GLXY) shares are trading lower in Monday's pre-market trading, coinciding with the cryptocurrency-focused company's purchase of over $280 million in Solana (CRYPTO: SOL). Galaxy Bags Heaps Of SOL Galaxy Digital bought 1.2 million SOL, worth $283.87 million at current prices, over the last 24 hours, reported on-chain analytics firm Lookonchain.

Galaxy Digital Ramps Up Solana Bet, Pours $283 Million In Crypto, But Stock Drops Pre-Market

Solana treasury firm Forward Industries raised $1.65 billion in a private placement led by Multicoin Capital, Galaxy Digital and Jump Crypto.

Crypto treasury firm Forward Industries plans to deploy funds in Solana DeFi protocols

Galaxy Digital has also been moving millions of SOL to other addresses, mainly to custody wallets on Fireblocks.

Galaxy Digital adds $300 million worth of SOL via Coinbase, Binance: onchain data

On Sept. 14, solana reached its highest price in nearly eight months, breaching the $250 mark and pushing its market capitalization over $133 billion. Analysts Eye Further Gains for SOL Solana ( SOL) breached the $250 mark on Sept.

Analysts Target $460 as Solana Breaks out of Bullish Triangle

Solana infrastructure firm SOL Strategies is embracing being an underdog among publicly traded crypto firms and digital asset treasuries.

Solana Firm SOL Strategies Hits the Nasdaq: 'Being Underestimated Is an Advantage', Says CEO

Price analysis by Coinidol.com: The Solana price is rising and approaching the previous high of $260.

Solana Price Rises And Remains Below $245

Coinidol.com reports: On-chain data reveals that the FTX estate, in a move to pay back creditors, has redeemed $45 million worth of SOL from staking.

FTX Estate And Corporate Giants Signal A New "Solana Season"

Fitness creator Bradley Martyn slapped a Solana meme coin dev and made him $49,000 worth of crypto—here's how it happened.

Streamer Gets Slapped by Gym Influencer Bradley Martyn, Pumping Solana Token

Solana hit its highest price since January on Friday, following massive Galaxy buys likely tied to a treasury firm.

Solana Surges Again as Galaxy Digital Buys Over $700 Million in SOL

Dogecoin

Bonk

According to pseudonymous millionaire meme coin trader Unipcs, the crypto industry is buzzing with catalysts, from the upcoming Dogecoin (CRYPTO: DOGE) ETF to expectations of rate cuts—yet the highest-potential meme coin is being overlooked. What Happened: In a recent X post, Unipcs noted that Bonk (CRYPTO: BONK) has broken out of a multi-month descending wedge with strong volume, a structure that often precedes parabolic rallies.

Millionaire Trader Preferfs Dogecoin, Solana ETFs Over XRP As Main Catalysts For This 'Explosive' Meme Coin

Solana hit $241 on Friday, the highest price seen since January, following Forward Industries' $1.65 billion institutional investment deal.

Solana Jumps Above $240, Hitting Highest Price Since January

Solana's SOL rallied above $239 on Friday, extending its sharp September gains, as Galaxy Digital CEO Mike Novogratz described the blockchain as “tailor-made” for global financial markets and analyst Ali Martinez charted a potential path to $1,314.

SOL Rallies as Novogratz Calls Solana ‘Tailor-Made' for Financial Markets, Analyst Sees $1,314 Target

Solana (SOL) ripped higher on Friday, hitting its strongest price since January as digital asset treasury demand could be taking shape.

Solana Surges as Galaxy Scoops Up Over $700M Tokens From Exchanges

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: Solana (SOL) Jumps 5.5% as Index Moves Higher

The latest transfer follows the familiar monthly schedule that has characterized FTX and Alameda's asset liquidation process.

FTX estate redeems $45 million worth of Solana from staking: on-chain data

Galaxy CEO Mike Novogratz recently said 'Solana Season' is coming, citing momentum from corporate accumulation and regulatory developments.

Galaxy Digital adds $530 million in SOL as ‘Solana Season' narrative gains traction

Bit Mining added 17,221 solana ( SOL) to its treasury as part of an ongoing strategy focused on the Solana network. Bit Mining Adds 17,221 SOL, Keeps Validators Running on Solana The Akron, Ohio-based company said the purchase lifts its holdings to 44,412 SOL, valued at $9.

Bit Mining Acquires More Solana, Lifts SOL Treasury to 44,412 Tokens

Galaxy CEO Mike Novogratz called this the “season of SOL,” saying Solana is fast and tailor-made to be the blockchain for financial markets.

Galaxy's Novogratz calls it the ‘season of SOL', says Solana is tailor made for financial markets

Bitcoin

Ethereum

The Chinese company's stock at one point was over 180% higher on the day.

Fashion Company Mogu Shares Soar on Bitcoin, Ethereum, Solana Buying Plan

Solana's native token is trading around $226, up 1.2% on Thursday, and edging closer to its all-time high above $293 per SOL.

Solana treasury firm BIT Mining nearly doubles holdings as Upexi reports 126% increase in ‘adjusted SOL per share'

Solana (CRYPTO: SOL) is up 8% over the past week, buoyed by news that more companies are looking to accumulate SOL as a treasury asset. Forward Industries (NASDAQ:FORD) on Thursday announced the completion of a $1.65 billion private placement to advance its Solana-focused treasury strategy.

Forward Industries Surges 12% Premarket On $1.65B Raise To Fund Solana Treasury Strategy

This crypto cycle is all about flows, and now SOL has them in spades. Plus crypto majors rally after a soft PPI print as the CPI looms.

News for Solana Crypto (SOL)