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 breaks $200 for the first time since April 1, thanks to Donald Trump securing U.S. Presidential election.

Solana Tops $200 for First Time Since April, Following Trump Reelection

Bitcoin

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

Coinbase Launches Wrapped Bitcoin Token on Top of Solana

Coinbase, the largest cryptocurrency exchange in the U.S., has announced the release of its wrapped Bitcoin token, cbBTC, on the Solana blockchain.

Coinbase Unveils Wrapped Bitcoin cbBTC With Solana DeFi Integrations

Joe McCann is the outspoken founder of Asymmetric, a top-performing crypto venture capital fund backed by investors including Marc Andreessen, Chris Dixon, and Circle.

Joe McCann Interview: Solana is the Actual Decentralized SuperComputer

Solana, which has seen strong on-chain activity over the past few months, climbed above the $200 mark to trade at $201 at one stage today.

Solana climbs above $200, bitcoin hits new high amid extended post-election rally

Solana is surging on increasing confidence that spot ETFs will be approved under a Trump administration, all while Bitcoin breaks records.

Solana Jumps to $200 as Bitcoin Price Sets Another All-Time High

Following its Ethereum-based debut, Coinbase said the token is now live on a speedy, layer-1 competitor.

Coinbase Brings its Wrapped Bitcoin to Solana

Coinbase introduced cbBTC, which brings bitcoin to the Solana blockchain. Bitcoin helps power trading, lending and borrowing on centralized crypto exchanges, but this crucial functionality requires extra effort in DeFi.

Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge

Ethereum

Bitcoin just made a new all-time high, but ether is the real winner here.

Post-Election Déjà Vu: Bitcoin Spikes to a New Record High, While Ether and Solana Rally Ahead of FOMC

The price of Solana (SOL) has risen above the $164 barrier twice as the altcoin attempts to break out of its sideways trend.

Solana Faces A Critical Challenge On The Road To The $210 Peak

Solana "has an opportunity to move alongside BTC and ETH, cementing itself as a major if it gains ETF approval," an analyst told Decrypt.

Solana Surges as Donald Trump Reelection Sparks ETF Optimism

Transfer volume on the Solana blockchain exploded recently and surged to multiple times higher than the total SOL market cap, according to the crypto analytics firm Glassnode.

Solana (SOL) Transfer Volume Suddenly Spikes to $224,000,000,000 in Single Day: Glassnode

Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.

Bitcoin, Solana Hit New Cycle Highs Against Ether as Trump Edges Closer to U.S. Presidency

An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL's prices.

Solana Jumps 17%, Flips BNB Chain Token, as Trump's Lead Renews ETF Hopes

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.

Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research

Onchain data shows that Solana had over 123 million active addresses on the network last month, reaching its highest level.

Solana saw its highest monthly active addresses, surpassing 120 million in October

An exploiter managed to steal a significant amount of tokens from crypto casino Metawin's Ethereum and Solana hot wallets by exploiting the protocol's “frictionless withdrawal system,” Metawin CEO Richard “Skel” Skelhorn announced early on Sunday.

Crypto casino Metawin loses $4 million to exploit of Ethereum, Solana hot wallets

Social media is buzzing with posts about Peanut, a popular pet squirrel with 500,000 Instagram followers, who was euthanized by New York state officials. In the wake of this, a wave of Peanut-themed meme coins has taken off, showing substantial gains over the weekend.

Peanut the Squirrel's Viral Fame Sparks Meme Coin Frenzy on Solana

Solana (CRYPTO: SOL), launched in March 2020, has risen more than 15-fold, driven by a robust ecosystem supporting various meme coins. What Happened: In 2022, Jim Cramer labeled Solana and other tokens like Litecoin as "idiot investments" on CNBC.

Jim Cramer Said You 'Shouldn't Hold' Solana When It Traded At $11 In 2022—Now It's Trading At $166

Solana's (CRYPTO: SOL) ecosystem showed notable financial and institutional growth in the year's third quarter, securing $173 million in new funding across 29 projects despite a slowdown in the number of funding rounds, according to a new Messari report. What Happened: This 54% quarter-over-quarter increase represents the highest quarterly funding total since Q2 2022, highlighting investor confidence in Solana's infrastructure and DeFi solutions, Messari writes.

Solana Sees $173M Funding Surge In Q3 Amid Rising Institutional Interest From PayPal, Visa, Franklin Templeton

The price of Solana (SOL) is correcting upwards and remains in a sideways trend. The cryptocurrency has reached a high of $183, but is now falling again.

Solana Continues To Rise But Pauses Above $174

Dogecoin

A widely followed cryptocurrency analyst and trader is leaning bullish on a top-10 altcoin by market cap. The analyst pseudonymously known as Sherpa tells his 229,600 followers on the social media platform X that Dogecoin (DOGE) is “still very strong looking” amid the flagship memecoin rising by around 60% from the October low.

Crypto Analyst Says One Large-Cap Memecoin Looking Very Strong, Updates Outlook on Bitcoin and Solana

Canary Capital Group LLC has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to introduce the Canary Solana ETF. This exchange-traded fund (ETF) aims to give investors direct exposure to solana (SOL), minus operational expenses, through shares listed on a U.S. exchange.

Canary Capital Files for Solana ETF to Provide Direct SOL Exposure

Macro guru Raoul Pal believes that if Solana (SOL) reclaims a key level it may signal the broader crypto market has entered the most explosive phase of the cycle.

Solana Hitting This Price Will Be Final Confirmation Crypto in Parabolic Phase: Macro Guru Raoul Pal

A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt.

News for Solana Crypto (SOL)