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

Bitcoin

Ethereum

Bitcoin BTC and major cryptocurrencies—including ethereum, BNB BNB , XRP XRP and solana—have rocketed higher amid expectations of a 2024 "Biden bailout."

BlackRock Reveals Major Bitcoin ETF Update As Huge $1.6 Trillion Crypto Price Pump Spurs Ethereum, BNB, XRP And Solana

Avalanche

Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.

Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K

Dogwifhat (CRYPTO: WIF), a Solana (CRYPTO: SOL) based-token based on the popular Dogwifhat meme, has seen its value skyrocket over 2000% in less than a month, outperforming BONK (CRYPTO: BONK) another SOL-based meme coin that gained over 540% increase over the last 30 days. What Happened: From its launch over Thanksgiving week, the token has gone up by over 2000%, climbing from a hundredth of a penny to almost $0.

New Solana-based Meme Coin Outperforms BONK, Surges 2000% In Less Than A Month

Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset.

Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space

Bonk

Fueled by the explosive growth of the BONK meme coin, the Solana Saga phone's market interest has soared, with units selling for up to $5,000 on Ebay, far exceeding its reduced price of $599 Saga Phone Resurgence: BONK's Rise Turns Solana Device Into Hot Commodity The Solana Saga phone, once struggling to find its market,

Solana Saga Phone Interest Soars Following BONK Meme Coin Surge

Google's search volume for the term “Solana (CRYPTO: SOL) ” has experienced a significant surge, increasing by 250% over the past two months. What Happened: Data released on Sunday by The Block indicates that the search volume for the term “Solana” has gone up from a score of 14 in early October to 49 in early December, on a scale that ranges from 0 to 100.

Solana's Surge Propels Sharp Rise In Google Searches, Analyst Says BONK Also A Catalyst

A decentralized wireless network altcoin on the Solana (SOL) blockchain is soaring amid two big consumer-driven events. The decentralized finance (DeFi) telecommunications project Helium Mobile (MOBILE) is up 60% in the past 24 hours, going from Sunday's low of $0.0042 to $0.0067 at time of writing.

Under-the-Radar Altcoin Surges 60% in 24 Hours Amid Network Expansion and Explosive Demand for Solana Smartphone

Google search interest for "Solana" increased 250% in the past two months, coinciding with the asset's performance and surge of memecoins.

Solana search volume on Google increases 250% over the past two months

Circle's euro-backed stablecoin, EURC will now be available on Solana for real-time, global payments and all-time available instant foreign exchange trading. What Happened: The Solana (CRYPTO: SOL) blockchain has now added Circle's (CRYPTO: USDC) euro-backed stablecoin EURC amid the former's low-cost, faster transactions supporting multiple ecosystem applications.

Circle Launches EURC Stablecoin On Fourth Blockchain, Solana Sees 3-Month Surge Of 260%

It's a dog. With a hat. And the Solana token based on the dogwifhat meme is the latest to surge in value after BONK's boom.

The Next BONK? Solana Meme Coin Dogwifhat Pumps 2,000X in a Month

Solana and other altcoin funds saw $21 million deposited last week.

Bitcoin Funds See 'Profit-Taking' Dip, But Investors Still Like Solana

Stablecoin issuer Circle has now launched its euro-backed digital currency on a total of four different blockchains.

Circle adds Solana to list of chains used by EURC stablecoin

Following Helium's nationwide U.S. rollout, the Solana-based tokens powering the decentralized 5G network have surged.

Helium Tokens Surge Amid Network Expansion, Solana Saga BONK Mania

Circle aims to boost around-the-clock foreign exchange transactions and remittances by deploying EURC on Solana.

Circle Issues Euro-Backed Stablecoin EURC Natively on the Solana Blockchain

A closely followed crypto analyst says that one Ethereum (ETH) rival that has exploded about 600% year to date is gearing up to spark another move to the upside.

Ethereum Rival That's Up About 7x Year-to-Date Primed To Explode Over 400% During Bull Run: Crypto Analyst

Solana (CRYPTO: SOL) Saga phones, which previously had trouble finding buyers, have sold out, fetching prices as high as $5,000 on eBay. What Happened: This sudden sales boost can be attributed to a frenzy surrounding the free Bonk memecoin airdrop included with each phone.

Solana Saga Phones Sold Out Amidst BONK Memecoin Buying Spree

The sealed and unopened phone boxes contain an airdrop of 30 million bonk (BONK) tokens, which has seemingly revived dismal Saga sales.

BONK's Surge Send Prices of Solana Saga Phone Flying to $2K

The price of Solana (SOL) is still within the positive trend zone, even though the upward trend has come to a standstill.

Solana's Price Uptrend Stops At $75 And Threatens To Sink

The phones, which come with an airdrop of BONK tokens, were initially deemed a failure. Now they're reselling for $2,000 and up.

Solana Saga phone sells for $5,000 on eBay as BONK hype continues

The Solana (SOL)-based decentralized exchange (DEX) Jupiter (JUP) will be airdropping a billion of its tokens early next year, according to its founder.

1,000,000,000 Jupiter (JUP) Tokens To Be Airdropped to Solana Wallets in January, According to Founder

A trader who nailed the top of the 2021 Bitcoin (BTC) bull market is warning of a severe market correction for one Solana (SOL)-based memecoin. Pseudonymous analyst Pentoshi tells his 711,700 followers on the social media platform X that Bonk (BONK) could lose half its value within weeks.

Solana-Based Altcoin That's Rallied Over 1,200% Primed To Crash ‘Within Four to Six Weeks,' Says Top Analyst

Bitcoin and other major coins and tokens are down. But new meme coin BONK is still rallying.

This Week in Coins: Bonk Continues Surge With Solana Hype, Bitcoin Dips

Half of the 10 billion JUP supply will ultimately go to the Jupiter community, with 10% landing in Solana wallets during the first airdrop.

Jupiter Airdrop Set for January With a Billion JUP for Solana DeFi Users

The Saga is sold out in the U.S. and EU supplies are nearly tapped out. Solana Labs told Decrypt how it's assessing next moves.

Solana Weighs Demand for Saga Phones After Sellout Amid BONK Boom

Solana-based meme coin BONK has continued to soar in value and hit new all-time highs—and the Saga smartphone is an unexpected beneficiary.

News for Solana Crypto (SOL)