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

The price of Solana (SOL) is correcting to the upside.

Solana Can Not Overcome $26 High, Threat Of Price Drop

Bitcoin

Ethereum

Polygon

BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.

Bitcoin Dips Below $29.2K After Curve Exploit but Continues Its Range-Bound Ways; ETH, SOL, MATIC Sink

A widely followed crypto strategist is remaining bullish on one Ethereum (ETH)-rival as he updates his stance on Bitcoin (BTC). The pseudonymous crypto analyst Pentoshi tells his 700,500 Twitter followers that as long as Solana (SOL) trades above $22.30 he is bullish on the ETH competitor. “I think it's easiest to say. Bullish above $22.30.

Top Trader Says He's Still Bullish on Ethereum Rival That's Surged 100% Since June, Updates Outlook on Bitcoin

Immunefi, a platform for bug bounty security, has teamed up with Trail of Bits, a cybersecurity business, to offer "The Rekt Test," a web3 security benchmark.

“The Rekt Test” Security Standard Initiated by Immunefi, Trail of Bits and Solana Foundation

Arbitrum

Solana's gaming ecosystem has recently undergone major developments, with Aurory expanding to Ethereum and Automata announcing layoffs.

Solana's Aurory Expands to Arbitrum, Automata Announces Layoffs

Solana was once again in the green, with bulls pushing the token towards a key resistance level at $26.00. The move comes after yesterday's 7% surge, however earlier gains have since declined, as U.S. gross domestic product (GDP) grew 2.4% as opposed to the 1.8% expectation for Q2.

Biggest Movers: SOL Nears $26.00 Resistance Level, MATIC Moves Away From Support

A closely followed strategist is predicting that one Ethereum (ETH) rival will repeat the competitor's parabolic rally from the last crypto cycle. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 179,700 Twitter followers that Solana (SOL) is mirroring the price action of ETH before a massive move to the upside.

Top Trader Predicts One Ethereum Rival Will Repeat Parabolic ETH Rallies of Past Cycle

Immunefi, Polygon Labs, Solana Foundation and others are launching “The Rekt Test” — a baseline security standard for web3.

Immunefi, Polygon Labs, Solana Foundation launch web3 ‘Rekt Test'

Stellar

Products focused on XLM saw nearly 63% higher inflows this year.

XRP, Stellar and Solana Products See Increased Institutional Investments This Year

The large gains began following Ripple's partial court victory over the SEC in the middle of the month.

Stellar, Ripple and Solana-Based Investment Funds See AUM Spike in July

Solana ended a two-day losing streak on Wednesday, as the token surged by as much as 7% in today's session. The move came following a two-week low on Tuesday, as markets slipped after recent highs. XRP also edged higher, and currently hovers near a key price floor.

Biggest Movers: SOL, XRP Snap Recent Losing Streak on Wednesday

Decentralized finance platform Credix opens a trade receivables lending pool with Solana Foundation among investors.

Crypto Lender Credix Brings Additional Private Credit Pool on Solana With 11% Yield

Chainlink

A widely followed crypto analyst thinks the Ethereum (ETH) competitor Solana (SOL) will rise more than 10x at some point in 2025. The pseudonymous crypto trader Inmortal tells his 194,800 Twitter followers that SOL will likely be priced at $250 at some point in 2025. At time of writing, SOL is trading for $23.

Crypto Analyst Lays Out 2025 Solana (SOL) Price Target, Updates Outlook on Chainlink (LINK)

Larisa Barbu, COO of Exchange.art, told CoinDesk that the marketplace had planned to expand beyond the Solana ecosystem since its launch in 2021.

Solana-Based NFT Marketplace Exchange.art to Expand into Ethereum

Real Vision CEO Raoul Pal says that Solana (SOL) is likely to sustain its uptrend against its smart contract rival Ethereum (ETH). In a new blog post, the former Goldman Sachs executive says that he's keeping a close watch on the Solana versus Ethereum (SOL/ETH) pair.

Former Goldman Sachs Executive Says Solana (SOL) Set To Outperform Ethereum (ETH) – Here's His Outlook

Cryptocurrency analysts of Coinidol.com report, the price of Solana (SOL) is in an uptrend, but has slipped below the upper resistance level of $26.

Solana Falls Below $26 And Continues A Sideways Trend

James Mullarney, the host of InvestAnswers, says that Solana (CRYPTO: SOL) could come close to its all-time high once Ethereum (CRYPTO: ETH) kicks off its bull market. What Happened: In a YouTube video, Mullarney said that Solana could go up to $250, an increase of more than 870% from its current price of $25.75.

Crypto Analyst Says Solana Could Skyrocket By Over 870% Once Ethereum's Bull Run Starts

A liquidity layer project built on Solana (SOL) has ripped by more than 63% in the past seven days as its ecosystem continues to power more decentralized apps (DApps). HXRO (HXRO) is trading around $0.195 at time of writing, up from around $0.119 one week ago.

Liquidity Layer Project Built on Solana (SOL) Surges More Than 63% This Week As New DApps Roll Out in Ecosystem

A widely followed crypto analyst believes that Solana (SOL) will come close to its all-time highs once Ethereum (ETH) kicks off its bull market.

Solana To Skyrocket by Over 870% Once Ethereum's Bull Run Starts, Predicts Crypto Analyst – Here's the Timeline

Shiba Inu

Deep-pocketed crypto investors are abruptly shifting hundreds of millions of dollars worth of digital assets, including the king crypto and the top altcoin. New data from whale-surveying platform Whale Alert reveals that one high-net-worth trader suddenly moved 14,159 Bitcoin (BTC) worth a staggering $421.7 million from one unknown wallet to another.

Whales Move Over $640,000,000 in Bitcoin, Ethereum, Solana, Shiba Inu and Chainlink – Here's the Destination

Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.

SOL, XRP Lead Slide in Crypto Majors as Bitcoin Slips Below $30K

In the July 2023 network performance report, the Solana Foundation claims that the network has experienced 100% uptime since February 2023.

Solana Foundation: Solana Experienced No Downtime Since February

But as the foundation told Decrypt in an email, that's “no guarantees of future network performance.”

Solana Is Down Meme Dead? Devs Say Network Had 100% Uptime Since Feb

Weekly cryptocurrency market analysis from Coinidol.com. XRP, Stellar, Synthetix, BitDAO and Solana in the top 5 gainers of the week.

Weekly Cryptocurrency Market Analysis: XRP, XLM, SNX, BIT, SOL Continue Their Rise And Reach New Highs

Cosmic Wire considers its proprietary technology to be "the backbone operating system for the web3 ecosystem."

News for Solana Crypto (SOL)