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's cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto assets using its Seed Vault feature. Solana Smartphone Saga Ready for the Masses Solana Labs, Inc.

Solana's Crypto and Web3 Smartphone ‘Saga' Available to the General Public on May 8

The company behind the Ethereum (ETH) challenger Solana (SOL) says its flagship phone Saga is now available and will start shipping within the month.

Ethereum Rival Solana (SOL) Officially Rolls Out New Crypto-Friendly Mobile Phone ‘Saga'

On top of building the chain's loyalty infrastructure, the Solana Foundation recently invested $100,000 into Boba Guys.

Popular Tea Shop Boba Guys Taps Solana for On-Chain Loyalty Rewards Program

Dogecoin

Chainlink

A pseudonymous crypto trader says one Ethereum (ETH)-based altcoin is poised for an explosive surge while updating his outlook on Dogecoin (DOGE) and Solana (SOL).

Crypto Trader Says One Ethereum-Based Altcoin To Explode 200–300%, Updates Outlook on Dogecoin and Solana

Solana (CRYPTO: SOL) Labs has finally launched its much-awaited Saga, the first-ever cryptocurrency-focused smartphone that runs on the Android operating system.

Solana Launches Crypto-Focused Smartphone Starting At $1,000: Will It Challenge Apple, Google?

MonkeDAO, a decentralized autonomous organization formed by fans of Solana Monkey Business, will purchase all intellectual property rights to the collection from its current owner HadesDAO.

MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M

The PFP project will release (RED)-themed merchandise to raise funds for The Global Fund to Fight AIDS, Tuberculosis and Malaria.

Solana-Based NFT Collection Okay Bears Partners With (RED) to Fund Global Health Efforts

Solana's Android phone is here, delivering a premium flagship with baked-in Web3 functionality. Can it hook the masses?

Solana Saga Review: The Web3 Smartphone Has Arrived

Solana's crypto smartphone, called Saga, represents a bet on mobile as the future of crypto adoption.

Solana's Crypto-Ready ‘Saga' Smartphone Goes on Sale May 8

Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session.

Biggest Movers: DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High

Bonk

Bonk Inu was one of the hottest Solana tokens earlier this year, leading a frenzied market at the time.

Solana Dog Token Darling Bonk Inu Releases BonkSwap DEX

Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high.

Biggest Movers: SOL Hits 6-Week High, Following US Inflation Data

A prominent analytics firm says one of Ethereum's (ETH) biggest rivals is way ahead of the blockchain pack in one key on-chain metric. Messari says that smart contract platform Solana (SOL) remains the top protocol among emerging ecosystems in terms of daily transaction count.

Ethereum Rival Far Outpacing Other Crypto Platforms in Number of Daily Transactions: Analytics Firm

Litecoin

Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high.

Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High

Real Vision CEO Raoul Pal thinks Ethereum (ETH) competitor Solana (SOL) could mirror the top altcoin's meteoric rise in price between 2018 and 2021. In a blog post originally published for his clients in January, the former Goldman Sachs executive laid out his prediction for SOL's long-term future.

Former Goldman Executive Says Ethereum Competitor Primed To Repeat ETH's Epic 2018 Rally

SOL is riding the positive sentiment across the crypto market and the excitement around its Android phone launch.

Solana Leads Crypto Market Rebound, Jumps 10% Overnight

The price of Solana (SOL) is bearish, although it is still below the moving average lines.

Solana Is In A Range But Holding Above The $20 Support Level

Cardano

Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today's session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday.

Biggest Movers: ADA Extends Gains, as SOL Consolidates on Saturday

New technology could potentially impact the NFT market and Solana-based web3 projects.

Solana NFT minting costs could get cheaper with new technology

A popular crypto analyst says there are three metrics that are looking bullish for Ethereum (ETH) competitor Solana (SOL) right now.

Here Are Three Bullish Metrics for Ethereum Rival Solana (SOL), According to InvestAnswers

Solana (SOL) price has been fluctuating indecisively since January 14. The uptrend was stopped at the $26 high, which led to a sideways movement.

Solana Trades Marginally In A Narrow Range Below $22

Raydium, Solana's second-biggest decentralized exchange, envisons a bug bounty program to clean up its market maker smart contracts.

Solana-Based Crypto Exchange Raydium Proposes $2M Bug Bounty Fund

Cosmos

Eclipse and Injective have partnered to launch Cascade: a rollup chain that is compatible with Solana-based applications.

Injective, Eclipse to bring Solana applications to the Cosmos ecosystem

Crypto whales are suddenly on the move, relocating over nine million Solana (SOL) in a series of transactions. Whale-watching bot Whale Alert spotted the flurry of transactions to the tune of 9,075,999 SOL worth more than $186.84 million.

Crypto Whales Abruptly Move Over $186,000,000 in Ethereum Rival Solana – Here's Where the Crypto Is Going

Polygon

Nearly 77% of all y00ts NFTs have switched chains since late Monday, with DeGods still set to leave Solana for Ethereum this Friday.

News for Solana Crypto (SOL)