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

A trader's $310 investment into the Solana (SOL)-based memecoin dogwifhat (WIF) is now valued at more than $4.1 million, according to the crypto tracker Lookonchain. Lookonchain notes the trader used 5.288 SOL worth $310 to buy 2.58 million WIF in late November. The value of that WIF has since skyrocketed by 13,307x.

Trader Turns $310 Into $4,100,000 Being Early Into Solana Memecoin Dogwifhat (WIF): Lookonchain

Ethereum

Bitcoin

Last week's ETHDenver conference drew a significant presence from developers and reps of blockchain ecosystems beyond Ethereum, taken as a sign of just how influential the second-largest distributed network has become.

Bitcoiners, Solana Acolytes Crash Ethereum Conference in Denver – for a Reason

Solana-based decentralized exchanges (DEXs) witnessed a record-breaking week.

Solana's Weekly DEX Volume Surpasses $11B, Hitting Record High

Traders swapped over $11 billion worth of digital assets on Solana last week, smashing through a previous record set in December.

Solana Weekly DeFi Trading Sets All-Time High Above $11 Billion

In early trading, Wormhole's W token has five times the value that it held last month.

Wormhole Airdrop on Ethereum and Solana Could Be Worth Almost $3 Billion

Bonk

Even as Bitcoin (CRYPTO: BTC) is just about 5% from its all-time highs, Solana's (CRYPTO: SOL) blockchain has unleashed a new wave of excitement with its meme coins, Bonk (CRYPTO: BONK) and Dogwifhat (CRYPTO: WIF), capturing the market's attention with their astonishing rallies. These digital assets, emerging over the last year, have quickly drawn comparisons to the meteoric rises of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) during the cryptocurrency bull run of 2021.

Meme Coin Mania: Can Solana's BONK, WIF Topple Dogecoin And Shiba Inu?

Dogecoin

Shiba Inu

While Bitcoin (CRYPTO: BTC) hit a new all-time high against the euro on Monday, the memecoin market experienced a significant rally, exceeding a $52 billion market capitalization within 24 hours. What Happened: Leading memecoins like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and PepeCoin (CRYPTO: PEPE) saw impressive gains, with Dogecoin and Shiba Inu exceeding 18%.

Solana's BONK, PPBLZ, Popcat Join Memecoin Frenzy Led By Doge, Shiba Inu As Bitcoin Nears All-Time High

A closely followed trader in the crypto space says that Dogecoin (DOGE) is likely going to print sizeable gains once a proper bull market kicks off.

Analyst Says Dogecoin Will Do ‘Crazy Numbers' This Cycle, Updates Outlook on Solana and One DOGE Rival

Pepe

As Bitcoin roared, Ethereum, Solana, and Dogecoin also made big gains.

This Week in Coins: Bitcoin Rallies But Dogecoin and Other Memes Steal the Show

A widely followed analyst and trader is offering his insight on two digital assets as the total crypto market cap edges upwards. The crypto analyst pseudonymously known as Bluntz tells his 241,400 followers on the social media platform X that the memecoin dogwifhat (WIF) is displaying bullish divergence on the long time frames.

Analyst Updates Outlook on Altcoin That's Exploded Over 220% in a Week, Maps Path Forward for Solana

A popular Solana (SOL)-based memecoin is soaring as retail trading giant Robinhood adds the digital asset to its European platform. Robinhood announced Friday that it was listing dogwifhat (WIF) for European Union (EU) customers to trade.

Solana-Based Memecoin Explodes 70% in Two Days Amid Robinhood Europe Adding Support for the Altcoin

A popular crypto trader believes one Solana (SOL)-based altcoin project is on the verge of soaring to a record-breaking price.

Analyst Says Solana-Based Altcoin Primed To Hit New All-Time High, Maps Path Forward for Shiba Inu

Dog-themed meme coins are having a bumper week, with Dogwifhat jumping following its listing on Robinhood Europe.

Solana Meme Dogwifhat Up 4% on Robinhood Europe Listing

Solana (SOL) reached a 22-month high of $136 this week, after Bitcoin's rally to $64,000 boosted the broader cryptocurrency market.

Solana Surges To 22-Month High As Bitcoin Rallies

Tools For Humanity, the developer behind Worldcoin, has acquired Solana-based digital wallet startup Ottr Finance.

Worldcoin Developer Acquires Solana Wallet Ottr Finance

Solana prices have been doing very well lately, climbing over 20% in less than 24 hours.

What's Next For Solana Prices After Their Latest 20% Rally?

Solana prices spiked today, pushing higher as traders rotated into the altcoin after benefiting from sharp gains in bitcoin and ether.

Solana Prices Surge Over 20% Following Bitcoin And Ether Gains

Bitcoin is booming, but Solana is the biggest gainer in the top 5 coins—and its biggest meme coins are mooning hard, too.

Solana Surge: SOL Nears 2-Year High Price as Crypto Traders Look Beyond Bitcoin

Worldcoin's main developer has acquired Solana-based wallet Ottr Finance as the project signs up hundreds of thousands of people each week.

Solana-based wallet Ottr acquired by Worldcoin's Tools for Humanity

MixMob, a web3 racing game backed by investors like Solana Ventures and Arthur Hayes, plans to launch on mobile later this year.

Star Wars' iconic stormtrooper joining Solana-powered crypto game MixMob

MXM, MixMob's governance token on the Solana blockchain, operates the MXM Esports League and incentivizes players.

Solana Gaming Project MixMob Bags Stormtrooper NFT Licensing Rights

Io.net, a Solana-based DePIN project focused on sourcing GPU computing power, has unveiled a rewards program ahead of its token launch.

Solana-based DePIN protocol io.net unveils rewards program ahead of April token launch

While Dogwifhat (CRYPTO: WIF) has taken the spotlight as a standout performer in the current memecoin rally, other Solana (CRYPTO: SOL) memecoins have shown impressive gains in recent weeks. What Happened: The Solana blockchain has been in the limelight for some time now, driven by the performance of its memecoins such as Bonk (CRYPTO: BONK), Myro (CRYPTO: MYRO), Anita Max Wynn (CRYPTO: WYNN) and Dogwifhat.

Dogwifhat, Bonk, Myro, Wynn: Star Performers Of Solana's Memecoin Rally, Though 'Majority Of The Game Is Rigged' Says Trader

A widely followed analyst and trader believes one Solana (SOL) ecosystem memecoin is gearing up for a major breakout. The analyst pseudonymously known as The Flow Horse tells his 202,800 followers on the social media platform X that dogwifhat (WIF) is on the verge of flipping a key resistance level at $0.

Top Trader Says Solana-Based Memecoin Setting Up for ‘Much Larger' Leg Up – Here's His Outlook

A popular crypto analyst is laying out the potential upside for Ethereum (ETH) competitor Solana (SOL). In a new YouTube video, the anonymous host of InvestAnswers notes to his 478,000 subscribers that Solana hit 20% of Ethereum's market cap in December but has been outperformed by the second-largest crypto asset in the months since then.

News for Solana Crypto (SOL)