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

Bernstein sees 31% upside for Robinhood as its new chain tops Solana in fees, generating $33 million over 15 days.

‘The chain is now earnings': Bernstein sees 31% upside for Robinhood as fees top Solana, BNB Chain

Avalanche

Chainlink

Traditional brokerage giant Charles Schwab has significantly expanded its digital asset footprint.

Charles Schwab Expands Retail Crypto Access: Solana, Avalanche, and Chainlink Join the Platform

A Transaction v1 feature activates Wednesday, allowing complex proofs and large multisig operations to fit in one transaction while forcing services that read Solana to update.

Solana to triple transaction size as apps get room for more complex trades

Bitcoin

Zcash

Open interest in altcoin perpetual futures moved above bitcoin's this weekend for the first time since December 2024, a shift that preceded sharp mid-cap corrections the last time it happened. What Metric Flipped Actually? Aggregate open interest, the dollar value of futures contracts still open, in altcoin perpetuals surpassed the same figure for bitcoin yesterday.

Zcash, XRP and Solana Bets Push Altcoin Leverage Past Bitcoin

Arbitrum

Robinhood Chain's fee model has become the focus of a broader debate over how blockchains finance growth. BNB Chain executive Nina Rong argued that sustainable revenue and commercial structures now outweigh further transaction-cost reductions. Robinhood Fee Debate Moves Beyond Transaction Costs A debate over Robinhood Chain's network economics expanded on Sept.

Robinhood Chain Fee Debate Reaches Solana, Arbitrum, BNB Chain

Tokenized equity trading reached nearly $3 billion in weekly volume during August, with Robinhood Chain, BNB Chain, and Solana handling most activity. However, only about 5% of the market is deployed in onchain financial applications.

Grayscale: Robinhood Chain, BNB, Solana Lead $3B Weekly Stock Trade

Hyperliquid

Uniswap

Five altcoins carry more near-term upside than Ethereum (CRYPTO: ETH) or XRP (CRYPTO: XRP) heading into Q4, according to a widely-followed cryptocurrency influencer. Why the Macro Sets Up the Alt Trade Altcoin Daily argued in a YouTube video on Thursday that the debasement trade driving Bitcoin higher creates the conditions for altcoin outperformance in Q4.

Forget XRP, Ethereum: These 5 Altcoins Could Rally Outperform in Q4

Korea Gold Exchange Digital Asset partners with Flowra to explore using a gold-backed digital asset as collateral to secure solana tokens for network validators. Capitalizing on Onchain Real-World Assets Solana blockchain infrastructure firm Flowra has signed a memorandum of understanding with Korea Gold Exchange Digital Asset.

Tokenized Gold Explored as Collateral for SOL Staking

Dogecoin

Ethereum

Bitcoin is now Remixpoint's only cryptocurrency holding, with approximately 1,506 BTC, worth around $115 million.

Japan-listed Remixpoint sells all ETH, SOL, XRP and DOGE holdings in shift to bitcoin-only crypto strategy

Every large-cap token fell over the past 24 hours, and the high-beta majors gave up roughly triple what bitcoin did.

Solana, ether, xrp lead majors slide as Iran strikes drive a broad risk selloff

Despite the latest crypto rally in August, prediction marketplace bettors are signaling a bumpy road for ethereum (ETH), XRP, and solana (SOL) through the end of 2026, with traders putting meaningful odds on further price declines even as they keep some recovery bets in the cards.

ETH, SOL, and XRP Price Predictions Flash Major Downside Risk

The publicly traded company recently bought 19,000 SOL, bringing its treasury to more than 2.33 million SOL and SOL equivalents.

Solana Treasury DeFi Development Corp Eyes $20 Million Raise to Buy More SOL

A wallet tied to the Official Trump meme coin team moved another 11.01 million SOL, worth $26.65 million, continuing a pattern of large transfers ahead of a scheduled token unlock. Another Big Move From a Familiar Wallet Onchain sleuths flagged the latest transfer, noting that the Official Trump Meme Team wallet sent out another 11.

Trump Meme Team Moves $26.65M in SOL Ahead of Token Unlock

The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.

DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL

Bitwise's solana staking exchange-traded fund (ETF) has crossed $1 billion in assets just 10 months after launch, making solana one of only three crypto assets with an ETF above that threshold. The milestone comes as SOL rebounds sharply and major financial firms expand access to the token.

Bitwise's Solana ETF Hits $1 Billion AUM Just 10 Months After Launch

Less new supply of SOL will reach the market every year, which also means validators will earn less for the same amount of work.

Solana fees hit record as validators double pace of inflation cuts

OpenSea has added support for Solana NFTs, allowing users to buy, sell, and trade the blockchain's digital collectibles on its platform.

OpenSea adds Solana NFT trading more than four years after initial beta

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are retreating from their recent highs, but experienced trader DonAlt says the first pullback after the explosive rally has yet to invalidate the bullish market structure. Why Crypto Can Go "Sideways/Up" “Nothing's really changed,” DonAlt said in a podcast on Aug. 29, noting that BTC's weekly chart has barely deteriorated following one of its strongest recent upside impulses.

BTC, ETH, SOL Pull Back After Explosive Rally but 'Nothing's Broken Yet,' Top Trader Says

As of this weekend, the digital asset solana (SOL) is closing August with its first monthly win in nearly a year, as institutional money, a tighter future token supply, and record network activity drove SOL back above $100 per coin. The token traded near $106 on Sunday afternoon after touching $110.38 on Aug.

Solana Breaks 10-Month Curse as Institutional Money Storms In

Charles Schwab is adding Solana, Avalanche, and Chainlink to its Schwab Crypto platform in the coming months, building on its existing bitcoin and ethereum offerings. The post Charles Schwab Expands Crypto Platform Adding Solana Avalanche and Chainlink appeared first on The Daily Hodl.

Charles Schwab Expands Crypto Platform Adding Solana Avalanche and Chainlink

The crypto market cap ended the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, contrasting with the previous week's $500 billion expansion.

Crypto Weekly: Solana Leads Altcoin Gains as XRP and DOGE Slide

SGP-0002, which proposed to double Solana's disinflation rate from 15% to 30%, passed in the nick of time, as Helius CEO Mert Mumtaz resorted to old politics, contacting validators to change their votes after it seemed the proposal would not gather enough support to reach implementation.

Helius CEO Secures Last-Minute Votes to Slash Solana Inflation

The "Double Disinflation" proposal squeaked through by a razor-thin margin after Kraken nearly sank it, while a separate fee-burning measure failed.

Solana Will Now Print Less SOL as Disinflation Vote Passes in Dramatic Fashion

The brokerage will expand Schwab Crypto trading to Solana, Avalanche, and Chainlink, but has not given a launch date for the three tokens.

Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum

Solana's first network-wide vote went down to the wire, with a Kraken-linked validator switching sides before the disinflation proposal narrowly passed.

News for Solana Crypto (SOL)