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) has held above the moving average lines, although the uptrend has been interrupted since November 15. The cryptocurrency is now in a sideways trend.

Solana Continues Sideways Movement Below $60

A Solana (SOL) competitor is suddenly soaring amid news that stablecoin issuer Circle (USDC) is investing in the blockchain project. The Sei Network (SEI), the new layer-1 blockchain that claims to be a blockchain faster than Solana, reached a high of $0.

Solana Competitor Explodes Over 110% in Two Weeks Amid New Investment From USDC Issuer Circle

A widely followed crypto analyst is expressing bullish sentiment on the native token of a blockchain oracle network that launched its permissionless mainnet earlier this week.

Newly Launched Solana-Based Altcoin Could Explode by More Than 880% in 24 Months, According to InvestAnswers

Top crypto analyst Bluntz says that the recent correction in Solana (SOL) is over and that rallies are set to continue for the leading Ethereum (ETH) rival. In a new strategy session, the pseudonymous analyst tells his YouTube subscribers that SOL has completed an ABC correction, priming itself for another impulse to the upside.

This Ethereum Rival's Poised To Be the ‘Fastest Horse,' Will Skyrocket Much Higher: Top Analyst

A popular crypto analyst is predicting that one Ethereum (ETH) competitor will soar to three figures in 2024. Pseudonymous trader Altcoin Sherpa tells his 198,500 followers on the social media platform X that Solana (SOL) will likely increase by at least 72% from its current value next year.

Crypto Analyst Says Ethereum Competitor Solana Primed To Surge by at Least 70% – Here's the Timeline

Bitcoin

Ethereum

Polygon

A widely followed strategist is saying that he is bullish on the Ethereum (ETH) scaling solution Polygon (MATIC) while offering his outlook on three other crypto assets. The crypto strategist pseudonymously known as Bluntz tells his 229,400 followers on the social media platform X that Polygon has more upside potential.

Top Analyst Says Polygon Has Plenty of Fuel in the Tank, Updates Outlook on Bitcoin, Ethereum and Solana

Bonk

BONK's meteoric rise fired a second-stage booster with a new futures offering alongside PYTH.

Solana Meme Coin BONK Up 25% As It Gains Binance Listing

A closely followed crypto analyst is sharing his price targets for Bitcoin (BTC) and four other digital assets. Pseudonymous analyst Inmortal tells his 201,000 followers on the social media platform X that Bitcoin could soar by more than 255% from its current value in the next bull market.

Trader Unveils Bull Market Price Targets for Bitcoin, Ethereum, Solana and Two Additional Altcoins

Dogecoin

Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.

Bitcoin Faces Headwinds As ETF Optimism Stalls; DOGE, SOL Give Back Gains

The Solana (CRYPTO: SOL) ecosystem's meme coin BONK (CRYPTO: BONK) surged by 1700% in the past month, becoming the biggest gainer among meme coins, surpassing even Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) gains. What Happened: BONK on Monday hit an all-time high of $0.00000539.

This Solana-Based Meme Coin Soars By 1700% In 30 Days, Zooming Way Ahead Of Dogecoin, Shiba Inu

A trader who nailed the floor price of Bitcoin (BTC) during the 2018 bull market believes Solana (SOL) and Polygon (MATIC) are about to witness bursts to the upside.

Top Trader Predicts Imminent Rally for Solana (SOL) and Polygon (MATIC) – Here Are His Targets

Granted, BONK promptly fell 29% after hitting that peak, but the Solana meme coin has still doubled in price over the past week.

BONK Goes Boom: Solana Meme Coin Soars 1,700% in 30 Days to Hit All-Time High

Digital assets manager CoinShares says institutional crypto products saw heavy inflows across the board last week for the eighth consecutive week. In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors are continuing to up their allocations to crypto with Solana (SOL) investment products leading the way for altcoins.

Solana (SOL) Leads Institutional Altcoin Investments As Crypto Markets See Eight Straight Weeks of Inflows: CoinShares

The team behind SolanaFM thinks the new block explorer will be more accessible.

Solana's Latest Block Explorer Shoots for Simplicity

Cardano

Polkadot

A closely followed crypto analyst says that one decentralized finance (DeFi) altcoin is setting the stage to revisit its all-time highs.

Analyst Says DeFi Altcoin Gearing Up To Revisit All-Time Highs, Updates Outlook on Solana, Cardano and Polkadot

Crypto funds recorded $176 million in inflows, marking eight consecutive weeks of growth as their share of total crypto volume rises.

Crypto funds inflow streak continues, adding $176 million led by bitcoin and solana

Despite the recent decline, the price of Solana (SOL) is above the moving average lines. Solana price analysis by Coinidol.com.

Solana's Price Uptrend Is Unstable As It Retests The $70 High

A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that's currently under the radar.

Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin

The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed to honor 955,000 distinct Solana wallets that engaged with Jupiter, acknowledging their role as early adopters.

Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets

New data reveals that crypto whales are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE) and XRP.

Whales Move Over $880,000,000 in Bitcoin, Solana, XRP and Dogecoin – Here's Where the Crypto's Headed

Dog-themed cryptocurrencies, or dog coins, are currently outperforming the broader crypto market. The list includes Dogecoin (CRYPTO: DOGE), Floki (CRYPTO: FLOKI), Solana-native dog coin Bonk (CRYPTO: BONKI) and Shiba Inu (CRYPTO: SHIB).

Rally Alert: Solana Dog Token BONK Leads Dog Coins Surge — Will The Rally Peak Further?

Mad Lads has surged to become the leading Solana NFT project based on floor price—briefly topping DeGods on Ethereum too.

Solana's Top NFT Project Just Pumped 122% in a Week

Ethereum has dipped below $2,000 again—but the original meme coin is pumping.

DOGE Go Up: Ethereum and Solana Hit Hard By Sell-Off—But Dogecoin Makes Gains

The DEX aggregator is giving away 4 billion JUP tokens.

Nearly a Million Solana Wallets Are Eligible for Jupiter Airdrop

"If you look at Ethereum it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum," Wood pointed out.

News for Solana Crypto (SOL)