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

BONK isn't the hottest Solana meme coin at the moment: WIF has more than doubled in price this week alone.

Solana Meme Coin Dogwifhat Spikes 257% as SOL Reclaims $100

Solana (SOL) saw gains during the 2021 bull market. The price went from under $2 to over $260 in less than a year.

Here's How Much You'd Have If You Bought Solana After The FTX Crash

Solana (CRYPTO: SOL) may be primed for another price breakout following positive developments in the community and potential flows to altcoins. What Happened: Activity on Solana is picking up, evidenced by several developments in the ecosystem.

Solana Activity Surges: Is A Price Breakout Imminent? Analyst Foresees Rally To $150

Solana-based DeFi aggregator Jupiter is set to make waves in the cryptocurrency space with its upcoming token airdrop and meme coin launch.

Solana DEX Aggregator Jupiter Sets Date for Highly Anticipated Airdrop

Solana Labs has revealed its next phone, the Saga "Chapter 2," which keeps the crypto focus in a more affordable package.

Solana Reveals Saga 'Chapter 2' Phone After Airdrop Frenzy Fueled Sellout

A cheaper successor to the Solana Saga is reportedly planned, after the original phone sold out as buyers harvested bundled tokens and airdrops.

Solana Mobile Plans 'Cheaper' Follow-Up to Saga Smartphone: Report

Demand for Solana Mobile's Saga phone surged in December amid an arbitrage opportunity presented by the bonk tokens that come with the phone.

Solana Mobile plans to launch cheaper Saga successor: report

Solana DEX aggregator Jupiter confirmed that its JUP token will launch on Jan. 31, accompanied by a retroactive airdrop for users.

Solana DEX aggregator Jupiter confirms token release date

Solana (CRYPTO: SOL) Mobile is reportedly gearing up to introduce a second model to the market. What Happened: The new handset is expected to retain the hallmark features that defined its forerunner, the Saga — including an integrated crypto wallet, specialized Android software, and access to a dedicated “dApp store” for decentralized applications.

Solana Mobile Reportedly Gearing Up For Releasing Another Crypto Smartphone

Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said.

Solana Mobile to Sell Second Crypto Smartphone: Source

Nearly a million Solana DeFi users will be able to claim JUP later this month in the airdrop, with Jupiter teasing a meme coin launch too.

Jupiter Finally Sets a Date for JUP Airdrop, Teases Meme Coin Drop on Solana

New data from a cybersecurity firm reveals that recent phishing scams over smart contract platform Solana (SOL) have stolen over $4 million in crypto assets. In a new blog post, security firm Scam Sniffer says that in the past month alone, bad actors were able to exploit $4.

New Phishing Scams on Solana (SOL) Have Stolen Over $4,000,000 in Crypto Assets: Security Firm

The attacks have duped thousands of Solana users by employing a variety of tactics, swiping millions of dollars worth of tokens like BONK.

Hackers Steal Over $4 Million in Fake Airdrops and Other Scams on Solana

The price of SOL has dropped by more than 8% in the past 24 hours, marking the largest decline among blue-chip cryptocurrencies.

Solana price decline causes spike in long liquidations

Blockchains are poised to become a foundational element of digital infrastructure. This report focuses on fundamental differences in blockchain design that have been chosen by different protocols to pave the way for mass adoption.

Protocol Prism: Unveiling the Architectural Tradeoffs of Modern Blockchains- Presented by Solana

Aave

The Aave governance forum is considering a proposal for deploying its version 3 lending protocol on Neon EVM.

Aave community mulls proposal to expand to Neon EVM on Solana

The price of Solana (SOL) is stuck between the moving average lines and is currently in a sideways trend. Price analysis by Coinidol.com.

Solana Remains Stable, Holds Above $85 Level

The Hong Kong Virtual Asset Consortium (HKVAC) has made some notable changes to its crypto indexes.

Hong Kong's Virtual Asset Consortium Adds Solana, Drops XRP in Top 5 Index

Ethereum

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana-based memecoin. The analyst pseudonymously known as Bluntz tells his 236,100 followers on the X social media platform that the dogwifhat (WIF) memecoin could potentially appreciate by approximately 359% from the current level.

Top Analyst Predicts Solana-Based Altcoin To Skyrocket Over 350%, Says Ethereum Flashing ‘Very Bullish Signal'

Bitcoin

Bitcoin BTC and cryptocurrencies—including top ten coins ethereum, XRP XRP and solana—have fallen sharply despite a huge $10 trillion bitcoin price bet.

$100 Billion Bitcoin And Crypto ETF Price Crash Suddenly Accelerates After Serious Fed Warning—Hitting Ethereum, XRP And Solana

The latest dog-themed meme coin on Solana (CRYPTO: SOL) reporting explosive growth. What Happened: Myro is up 35% in the last 24 hours and a stunning 101.2% in the last seven days.

This Is Solana's New Dogcoin Superstar: From Zero To Over $100M Market Cap In 60 Days

Crypto analyst and trader Ali Martinez says that one Ethereum (ETH) rival could soar even higher after putting up big gains. Martinez tells his 40,300 followers on the social media platform X that Solana (SOL) may be printing a bullish pattern that could lead to a more than 65% increase from its current value.

Ethereum Rival That's Up Over 470% Primed To Continue Its Rally, Says Crypto Trader – Here's Why

An MEV arbitrage bot operator earned $1.8 million from a single transaction bundle on the Solana network.

Solana-based MEV bot earns $1.8 million after back-running memecoin trader in seconds

Someone spent $8.6 million worth of SOL to buy 15.92 million dogwifhat (WIF) on Jan. 10 — at a near immediate loss.

Trader drops $8.6 million of SOL on memecoin dogwifhat in a single trade

Top digital tokens soar as spot bitcoin ETF's first day of trading kicks off and the market swoons with expectation.

News for Solana Crypto (SOL)