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

USDC

Visa is expanding its stablecoin settlements to the U.S. using USDC for settlement on the Solana blockchain with its first two partners.

Visa Begins US Stablecoin Settlement via USDC on Solana

Visa has opened stablecoin settlement to U.S. banks using Circle's USDC on Solana, as institutional interest in crypto rails accelerates.

Visa launches stablecoin settlement in US via Circle's USDC on Solana

Bitcoin

Ethereum

Bitcoin and ether ETFs opened the week under pressure as broad outflows returned, while solana and XRP continued to draw fresh capital. The split highlights a cautious market rotation rather than a full retreat from digital asset exposure.

Bitcoin, Ether ETFs See Heavy Outflows as Solana and XRP Stay Green

CME Group just launched spot-quoted XRP and Solana (SOL) futures, expanding its crypto offerings. The Chicago-based derivatives marketplace says it introduced the new contracts to meet growing demand from traders. The new futures are listed on CME and CBOT, complementing existing spot-quoted Bitcoin (BTC) and Ethereum (ETH) products.

CME Group Launches Spot-Quoted Futures for XRP and Solana

The debut will enable instant swaps between SGD and USD on Solana, facilitating digital forex trading.

StraitX to debut Singapore and U.S. dollar stablecoins on Solana for quick currency exchange

Crypto exchange-traded funds (ETFs) regained momentum during the second week of December, with bitcoin and ether snapping recent volatility to post solid weekly inflows. Solana and XRP extended their streaks, underscoring selective but resilient investor demand.

ETF Weekly Recap: Bitcoin and Ether Rebound, Solana and XRP Extend Inflow Streaks

Popular Ethereum wallet MetaMask has added support for Bitcoin, expanding more broadly ahead of its planned token launch.

Crypto Wallet MetaMask Expands From Ethereum and Solana to Bitcoin

These are CME's smallest crypto contracts to date, aimed at active participants who prefer to trade in spot market terms without managing contract expiries or rollovers.

CME Group Expands Crypto Derivatives With Spot-Quoted XRP and Solana Futures

The platform will enable 24/7 trading of U.S. stocks and exchange-traded funds with near-instant settlement, building on Ondo's existing $365 million in tokenized assets.

Ondo Finance to Offer Tokenized U.S. Stocks, ETFs on Solana Early Next Year

Cardano

Trading volumes have thinned noticeably in recent sessions, amplifying price moves and reinforcing a defensive tone, some market watchers say.

ETH, SOL, ADA Slide as Bitcoin Sees Year End Profit-Taking

Firedancer could boost client diversity on Solana, which historically has been dominated by forks of Solana Labs' original codebase.

Jump Crypto's Firedancer hits Solana mainnet as the network aims to unlock 1 million TPS

XRP (CRYPTO: XRP) long valued for its liquidity and utility, expanded its multichain reach as Hex Trust brings XRP to Solana (CRYPTO: SOL) and other networks via a new wrapped asset, wXRP. What Happened: Hex Trust is launching wXRP, a regulated, 1:1-backed wrapped XRP issued and custodied by the firm.

XRP Lands On Solana As Ripple Lands Crucial Banking License

Chainlink

The bridge uses Chainlink's CCIP to ensure consistent behavior across chains, mirroring the behavior of underlying assets.

Backed, Chainlink Unveil xBridge to Move Tokenized Stocks Between Solana and Ethereum

Dogecoin

Pepe

Prosecutors used a fugitive disentitlement statute to seize Dogecoin, Solana, and other tokens tied to a Citrus County fraud case.

Florida Seizes $1.5M in Dogecoin, Pepe and Solana Over Case Tied to Chinese National

Bitcoin and ether ETFs ended their midweek momentum with fresh outflows on Thursday, while solana and XRP ETFs delivered steady inflows. It was a mixed session that underscored different sentiments across the major asset classes. Mixed Day for Crypto ETFs With BTC, ETH Outflows and Gains for XRP, SOL Thursday, Dec.

XRP and Solana ETFs Maintain Strength as Bitcoin and Ether See Outflows

Decentralized exchange expands into Solana ecosystem with spot trading, offering zero fees for U.S. traders during initial launch. Dydx Labs announced its global launch of solana spot trading on December 11, 2025, marking the platform's first entry into the U.S. market. The exchange, which has surpassed $1.

Dydx Launches Solana Spot Trading Globally, Enters US Market

Wrapped XRP will be tradable on Solana, Ethereum and other chains, allowing exposure across DeFi applications without unregulated third-party bridges.

XRP Lands on Solana, Ethereum and Others, in Boost for Ripple Ecosystem

Avalanche

SkyBridge Capital founder Anthony Scaramucci stated Thursday that JPMorgan Chase & Co.'s (NYSE:JPM ) move to issue debt securities using Solana (CRYPTO: SOL) supports his firm's investment thesis. Scaramucci Cheers JPMorgan's Tokenization Push Scaramucci highlighted the report about JPMorgan issuing $50 million in U.S. commercial paper for Galaxy Digital Inc. (NASDAQ:GLXY) directly on Solana, one of the first instances of a major global bank using a public blockchain to issue and service securities.

Anthony Scaramucci Applauds JPMorgan's Blockchain Move, Calls It 'Good News' For His Solana And Avalanche Investment Thesis

JPMorgan created the Solana-based USCP token to facilitate sales of short-term corporate debt, beginning with Galaxy.

JPMorgan creates Solana-based USCP token to facilitate ‘landmark' Galaxy debt offering

JP Morgan Chase & Co (NYSE:JPM) has taken a major step towards blockchain adoption by issuing $50 million in U.S. commercial paper for Galaxy Digital directly on the Solana (CRYPTO: SOL) network.

JP Morgan Issues $50 Million Commercial Paper Debt On Solana

Galaxy's onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana

SkyBridge Capital founder Anthony Scaramucci reignited the Solana (CRYPTO: SOL) versus Ethereum (CRYPTO: ETH) debate, arguing Solana could eventually overtake ETH in market value. Scaramucci Says Solana May Outpace Ethereum's Market Cap Speaking at Solana's Breakpoint conference, Scaramucci said he expects Solana to "flip Ethereum," arguing the network is expanding faster by developer activity, user growth and throughput capacity.

Anthony Scaramucci Is 'Not Chain Monogamous', Predicts Solana Will 'Flip' Ethereum

The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets.

DYdX Launches Solana Spot Trading, Opens Access to U.S. Users

While its perpetual contracts remain unavailable to U.S. traders, dYdX Labs said it will track regulatory developments from the SEC and CFTC.

Spot trading rollout opens dYdX to US-based traders for first time, starting with Solana

Solana (CRYPTO: SOL) is all set for a 10% rebound after Coinbase Global Inc. (NASDAQ:COIN) announced a major upgrade allowing users to trade all Solana-based tokens through a decentralized exchange interface inside the Coinbase app. Coinbase Expands Access To Solana's Token Ecosystem Speaking at Solana's Breakpoint 2025 conference in Abu Dhabi, Coinbase detailed a new system that lets users buy and sell any asset issued on Solana directly through DEX rails without requiring an official exchange listing.

News for Solana Crypto (SOL)