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

Fidelity, one of the world's biggest asset managers, has joined others in launching a spot SOL ETF, which includes a staking feature as well.

‘Game on': Asset management giant Fidelity debuts Solana exchange-traded fund

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CoinDesk 20 Performance Update: Solana (SOL) Rises 5.8%, Leading Index Higher

Fidelity is entering the solana SOL$137.13 exchange-traded fund (ETF) market with the Fidelity Solana Fund (FSOL), the firm's third crypto exchange-traded product and its first to include a staking feature.

Fidelity Introduces FSOL ETF, Bringing Major Wall Street Name to Solana Funds

Escalating demand for a solana ETF is accelerating sector growth as Vaneck's new launch combines cost efficiencies, staking access, and regulated structures to intensify competition and attract institutions seeking streamlined exposure to fast-execution blockchain markets.

Vaneck Launches Solana ETF With SOL Demand Powering Rapid Institutional Push

Dogecoin

A Grayscale ETF tracking popular meme coin Dogecoin could list next next week, while a VanEck Solana fund debuted Monday.

Grayscale Poised to Debut Dogecoin ETF as VanEck's Solana Fund Starts Trading

The staking of ETF holdings will be made through SOL Strategies' Orangefin validator that it acquired last December.

SOL Strategies to provide staking services for VanEck's Solana ETF

Bitcoin

Ethereum

Bitcoin and ether ETFs experienced significant outflows, resulting in a combined loss of $1.84 billion over the week. Solana ETFs, however, continued their upward momentum, securing another week of inflows despite broad market weakness.

ETF Weekly: Bitcoin, Ether ETFs Bleed $1.8 Billion as Solana Stays Green

Cardano

Bitcoin BTC$95,220.86 slipped further into a deeper drawdown on Thursday, breaking below the psychological $100,000 level and tumbling to $96,600 in early Asian trading.

What Next for Crypto Bulls as ETH, XRP, SOL, ADA Drop 8–16% in a Week

Altcoins suffered another blow, with the top GameFi tokens enduring mixed fortunes.

GameFi News: Play Solana's PLAY Token Arrives, Nika Labs Acquires Archer Hunter

A fresh move lower in Asian morning exacerbated losses for hopeful traders as bitcoin lost the $98,000 level for the first time since May, extending a week-long bleed that has dragged majors sharply lower.

Bitcoin Plunges Under $98,000, ETH, SOL, ADA Down 8% as $880M in Bullish Bets Liquidated

These diverging trends reflect risks unique to digital assets, as mounting concerns over government stability propel precious metals higher, highlighting a strengthening investor confidence in traditional safe havens.

Why Bitcoin, XRP, Solana, and Ether Slide as Gold and Silver Soar?

The payments entrepreneur's app will allow customers to send digital dollars by using "multiple stablecoins and networks."

Bitcoin Maxi Jack Dorsey Embraces Stablecoin Payments in Cash App—On Solana

Bitcoin and ether ETFs returned to red territory with combined outflows of nearly half a billion dollars. Solana, meanwhile, stood tall once again, extending its streak of steady inflows amid the broader market cooldown.

Solana Delivers Again as Bitcoin and Ether ETFs See Heavy Outflows

According to CoinDesk Research's technical analysis data model, solana SOL$142.06 crashes through critical support levels in a dramatic Wednesday session. The token plunged 5.24% to $145.43, erasing gains from the previous week.

Solana Slides 5% to $145 as Technical Breakdown Overshadows ETF Momentum

Solana (CRYPTO: SOL) fell about 5% on Thursday as the token slipped deeper into a multi-week downtrend. Sellers Press Price Below $150 Support SOL Price Dynamics (Source: TradingView) Solana broke below the $150 level after failing to hold the mid-range support that marked the market's July floor.

Solana Down 5% — Charts Now Show A Clear Path Toward The $130 Danger Zone

Upexi's board of directors approved $50 million for an open-ended stock repurchase program, intended to boost shareholder value.

Solana DAT firm Upexi latest crypto treasury to launch stock buyback program

Upexi (UPXI), a Nasdaq-listed digital asset treasury firm focused on Solana SOL$152.37, said Thursday its board has approved to buy back up to $50 million of its own stock.

Solana-Focused Upexi Approves $50M Share Buyback as Digital Asset Treasuries Turn to Repurchases

Trader Mayne cautioned traders against overtrading during Bitcoin's sideways chop, urging patience until clear levels emerge across Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL). What Happened: In his Nov. 13 podcast, Mayne outlined $110,000 (breakout) and $93,500 (breakdown) as key Bitcoin levels.

Attention Bitcoin, Ethereum, Solana Traders! Avoid Overtrading, Wait For These Clear Levels

The word "solana" in Spanish means sunshine or sunny place, and that's a perfect description for exchange-traded funds (ETFs) based on the programmable blockchain Solana's native token, sol.

Solana in the Shade: Crypto Daybook Americas

Solana Company intends to tokenize shares on Superstate's Opening Bell, a regulated platform enabling companies to move stocks on-chain.

Nasdaq-Traded Solana Company Plans to Tokenize Shares via Superstate

Publicly traded brain-machine firm and planned Solana treasury VisionSys AI announced a stock offering. Now it's down 88% in the last week.

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

The trajectory illustrates how quickly trends can shift in crypto markets and underscores the importance of ecosystem diversification.

Solana active addresses fall to 12-month low as memecoin frenzy fades

Solana SOL$153.61 faces renewed selling pressure as the token tumbles from $160.72 to $152.81, posting a 4.9% decline despite continued institutional support through exchange-traded fund products. The drop occurs on elevated volume running 17.25% above the seven-day average.

Solana Drops 4.9% Breaking Below Key Support as Alameda Unlocks Continue

Solana Company (HSDT), a Nasdaq-listed digital asset treasury company focused on Solana SOL$156.18, said on Wednesday it plans to tokenize its shares with Superstate's Opening Bell, a regulated platform that brings traditional equities onchain.

Pantera-Backed Solana Company to Tokenize Its Shares With Superstate's Opening Bell

Top traders on Hyperliquid are showing mixed sentiment across major cryptocurrencies like Ethereum (CRYPTO: ETH), Bitcoin (CRYPTO: BTC), with some locking in profits while others double down on bullish bets. What Happened: Data from Lookonchain shows that all five of the most profitable traders held Ethereum longs, though positions are diverging as volatility returns.

News for Solana Crypto (SOL)