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 hit a one-year high this week before settling back down by Saturday.

This Week in Coins: Solana Surges as Bitcoin and Ethereum Rally Rebound

Solana extended recent gains on Saturday, as the token rose for a third straight session to start the weekend. Today's move came following a breakout of a key price level, despite the global crypto market cap consolidating. Avalanche also rallied, climbing by as much as 10%.

Biggest Movers: SOL Surges to 2-Month High on Saturday, Extending Recent Bull Run

A widely followed crypto strategist and trader is expressing bullish sentiment on a large-cap Ethereum (ETH) rival. Pseudonymous analyst Pentoshi tells his 697,200 Twitter followers that Solana (SOL) looks bullish as it appears to have broken above its horizontal and diagonal resistances converging at around $20.

Top Crypto Analyst Says One Ethereum Rival Flashing Bullish Signal, Updates Outlook on Bitcoin

Cryptocurrency analysts of Coinidol.com report, Solana (SOL) price is rising as it breaks above the moving average lines.

Solana Reaches A New High And Tries To Stay Above $22

Bitcoin Cash

Litecoin

Pepe

A widely followed crypto analyst is predicting rallies for Bitcoin Cash (BCH), Litecoin (LTC), meme asset Pepe (PEPE) and one Ethereum (ETH) competitor.

Analyst Predicts Rallies for Bitcoin Cash, Litecoin, Pepe and One Ethereum Rival

STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, far outdistancing bitcoin and ether, among other digital assets.

Storj, Filecoin and Solana Lead First Week of July Crypto Market Gains

Artificial intelligence could help newcomers to crypto figure out what NFTs they should be buying, according to Solana Labs.

Solana's AI-powered tools could help ‘normies' pick NFTs

Cardano

Solana was one of Friday's biggest gainers, as the cryptocurrency rose by over 11% during today's session. The move came as markets reacted to June's nonfarm payrolls report, which came in at 209,000, below expectations of 229,000. On the other hand, cardano ended a three-day losing streak.

Biggest Movers: SOL Hits Fresh 4-Week High on Friday, ADA Snaps Losing Streak

One Ethereum (ETH) rival that is up more than 150% in 2023 is losing momentum, according to crypto analytics firm Santiment. Santiment says that the recent Solana (SOL) rally was propelled by the liquidation of shorts and may now start to run out of steam.

Analytics Firm Issues Warning, Says Ethereum Rival That's Up Over 150% Year-to-Date Losing Steam

After falling by as much as 10% on Wednesday, bitcoin cash rebounded in today's session, climbing back above $300.00 in the process. The move came during a volatile market session, which saw crypto's global market cap remain largely unchanged. Solana was a notable exception however, racing to a one-month peak.

Biggest Movers: BCH Back Above $300.00, as SOL Hits 1-Month High

Polygon

Financial app Revolut is no longer allowing US customers to trade Solana (SOL), Cardano (ADA) and Polygon (MATIC).

Revolut Drops Solana (SOL), Cardano (ADA) and Polygon (MATIC) Amid Regulatory Crackdown: Report

A trader who nailed Bitcoin's (BTC) 2018 bear market bottom is unveiling a scenario that would liquidate both bulls and bears before the crypto king's next leg up begins.

Top Trader Outlines ‘Max Pain' Scenario for Bitcoin (BTC), Updates Outlook on Ethereum (ETH) and Solana (SOL)

Dogecoin

Major cryptocurrencies traded mixed on Tuesday evening as the Bitcoin dominance level reached its highest point since April 2021, surpassing 50%. At the time of publishing, BTC dominance hovered at 49.51%, according to CoinMarketCap data.

Bitcoin, Ethereum, Dogecoin Mixed As BTC Dominance Soars Above 50%: Analyst Says Solana Poised To Touch All-Time Highs Past This Key Level

A closely followed crypto trader believes that Solana (SOL) could soon mirror the parabolic 2020-21 price pattern of Ethereum (ETH).

Solana (SOL) Could Match Ethereum's Parabolic Gains From 2021, Says Crypto Analyst

The total value locked in Solana's liquid staking protocols, such as Marinade, Lido, and Jito, has surged by 91% year-to-date.

Value locked in Solana's liquid staking protocols surged by 91% in H1

Revolut, a crypto-friendly neobank, is delisting ADA, MATIC and SOL on its platform in the United States due to regulatory developments in the country.

Revolut US To Delist MATIC, SOL, ADA in September

According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will need to sell the three tokens by September 18th.

Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations

Revolut is moving to delist the three tokens over what it says is regulatory uncertainty after the SEC labeled them securities.

Revolut to Delist Solana, Polygon, And Cardano After SEC ‘Security' Label

BlackRock﻿﻿—which looks after around $10 trillion on behalf of clients—has triggered a flood of U.S.

‘Big News'—Leak Reveals The SEC Could Be About To Blow Up Crypto's $100 Billion Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana And Litecoin Price Pump

Crypto-friendly neobank Revolut is delisting Polygon (MATIC), Solana (SOL) and Cardano (ADA) tokens in the U.S. in September.

Revolut is delisting Polygon, Solana and Cardano tokens in the US

Ethereum becoming a layer-2 for Solana is “probably more likely than you might think,” says Solana Labs co-founder Anatoly Yakovenko.

Solana Co-Founder Says Ethereum Could Be Layer-2 for SOL

Cryptocurrency analysts of Coinidol.com report, the price of Solana (SOL) is recovering after rising above the moving average lines on June 30.

Solana Recovers In The Face Of Resistance At $20

‘Big News'—Crypto Now Braced For A Huge $27 Trillion Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana And Litecoin Price Pump

A peer-to-peer wireless hot spot crypto is on the move after Coinbase added the Solana (SOL)-based altcoin to the exchange's listing roadmap. In a new announcement, Coinbase Assets unveiled Helium (HNT) as the newest addition to the exchange's listing roadmap. “Asset added to the roadmap today: Helium (HNT).

Solana-Based Altcoin Project Jumps After Coinbase Adds Crypto Asset to Listing Roadmap

The Ethereum co-founder said he feels bad about how Solana is being treated by U.S. regulators.

News for Solana Crypto (SOL)