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 (SOL) is currently trading in a negative trend zone between the $150 support and the $170 resistance.

Coinidol.com: Solana Resumes Its Decline Below $170

Bitcoin

The new week kicked off with subdued exchange-traded fund (ETF) activity as bitcoin saw a marginal $1.15 million inflow and ether funds stayed flat. Solana ETFs, however, kept their momentum alive, adding another $6.78 million in investor inflows.

Bitcoin ETFs See Modest Inflows as Solana Stays Hot

Upexi's net income totaled $66.7 million compared to a net loss of $1.6 million for the year-ago period, according to a release.

Solana treasury Upexi posts record quarter powered by $78 million in unrealized SOL gains

Ethereum

Financial services firm SoFi is rolling out access to crypto trading, allowing users to buy and sell Bitcoin, Ethereum, and other assets.

SoFi Rolls Out Crypto Trading With Bitcoin, Ethereum, Solana and More

SOL stabilizes but the ecosystem explodes, with 23 new Solana-based projects raising $211 million in Q3.

Solana News: Trump Tariff Dividends Bring Green, $200M Raised in Q3

Crypto firm Bitwise Asset Management's successful push to launch the first U.S. spot Solana ETF while the Securities and Exchange Commission was shut down has upended the regulatory playbook and forced competitors to rethink their product plans, said industry executives.

Bitwise sparks industry scramble with Solana ETF launch

According to CoinDesk Research's technical analysis data model, solana SOL$163.70 dropped 3.1% to $164.30 during Tuesday's session as the token broke through critical technical support levels.

Solana Drops Below Key $165 Level as Technical Support Cracks

The two Solana funds have accumulated $342.48 million in net inflows over the 10 days since their launch last month.

US spot Solana ETFs report 10th consecutive day of net inflows

The IRS and Treasury said trusts can now generate staking rewards for crypto ETF investors without fear of tax or regulatory repercussions.

Ethereum, Solana ETFs Get Green Light for Staking via US Treasury, IRS Crypto Fund Guidance

Cardano

Bitcoin and major cryptocurrencies extended gains Monday as traders digested U.S. President Donald Trump's latest economic proposal of a $2,000 “tariff dividend” for every American, funded by import duties.

What's Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend'

Zcash

Unified custody layer Zenrock's wrapped Zcash ZEC$666.14 token, known as zenZEC, has recorded approximately $15 million in total trading volume since its debut on the Solana blockchain on Oct. 31.

Zcash Privacy Meets Solana DeFi with Zenrock's Wrapped ZEC Crossing $15M in Volume

Bitcoin BTC$101,912.13 has faced a challenging few weeks, retreating sharply from its record highs and weighing on the broader market, including ether ETH$3,415.98, XRP$2.2938, solana SOL$159.32 and others.

Bitcoin's $100K Question: Here's Why BTC, XRP, SOL May Surge This Week

Including seed investments, the fund has generated more than $545 million in net inflows.

Bitwise Solana ETF Sees Steady Demand as Bitcoin, Ethereum Funds Shed Assets

Dogecoin

Bitcoin hovered around $102,000 on Friday as crypto markets struggled to sustain a rebound, weighed down by renewed caution in global equities and a stronger dollar.

Bitcoin Holds $102K, SOL, XRP, DOGE Pullback as AI Valuations Draw Scrutiny

In recent months, payments appears to have become a large focus among many key players in the world of crypto.

Solana, Fireblocks, Monad and more ally to standardize cross-chain payments

Zcash (CRYPTO: ZEC) extended its vertical rally above $516 on Thursday as BitMEX co-founder Arthur Hayes called it his "next $1,000 trade," fueling renewed retail and institutional interest in the privacy-focused token. Arthur Hayes Sparks Breakout Momentum In a post on X, Hayes wrote, "Choo Choo bitches.

Zcash Bests ETH, XRP, SOL With 1,200% Rally In 3 Months: 'Next Stop: $1,000,' Arthur Hayes Says

Ethereum (CRYPTO: ETH) is down 25% over the past month, but experts see this as potential buying opportunity. What Happened: A whale trader known for his previously flawless win streak has flipped bearish after a massive loss.

Trader Who Lost $45 Million On Bitcoin, Ethereum, Solana Longs Now Turns Bearish

Solana (SOL) price have fallen below the moving average lines after being rejected at the $200 level.

Coinidol.com: Solana Slides To Its Lowest Price At $93

Recently, more digital asset treasuries are using share buybacks to narrow NAV discounts and support share prices.

Solana Company approves share buyback plan for up to $100 million

“Harmonic brings Solana closer to being the onchain Nasdaq,” Harmonic co-founder Jakob Povšič told The Block.

Paradigm leads $6 million seed round for Harmonic, aiming to help Solana reach Nasdaq speed

The platform is co-founded by a former cannabis entrepreneur.

Iggy Azalea Joins Token Launchpad for Celebrities on Solana as Creative Director

Bitcoin and ether ETFs extended their losing streaks on Tuesday, shedding a combined $797 million, while solana ETFs once again defied market gravity, drawing in $15 million in new capital.

Bitcoin and Ether ETFs Bleed $797 Million as Solana Defies the Downtrend

Bitcoin slid to just above $100,000 late Monday before a slight rebound to $101,000, as a wave of forced liquidations and renewed macro jitters erased billions in speculative positions across crypto markets.

Bitcoin Bounces Near $100K, ETH, SOL, XRP Drop 6-10% as Bulls See $1.6B Liquidations

Bitcoin and ether exchange-traded funds (ETFs) kicked off November with heavy outflows totaling over $320 million, while solana ETFs stood out once again, attracting $70 million in fresh inflows to extend their early winning streak.

Solana ETFs Shine as Bitcoin, Ether Funds Bleed Over $300 Million

SOL slid 17% to $166 as market sentiment on the Crypto Fear & Greed Index fell to 21, indicating extreme fear.

News for Solana Crypto (SOL)