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

Polygon

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

At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

The popular project, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon.

NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon

Bitcoin

Digital assets manager CoinShares says institutional crypto investment products finally ended their six consecutive weeks of outflows last week in a big way. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional crypto investment products saw the highest inflows in over eight months.

Institutional Capital Pours Into Bitcoin, Solana, XRP and More at Highest Rate Since July 2022

Ethereum

Cega raised $5 million in a seed extension round led by Dragonfly Capital. The Solana-based derivatives protocol focused on exotic options is set to launch on Ethereum.

Solana-based derivatives protocol Cega raises $5 million to expand on Ethereum

The price of Solana (SOL) has risen to its highest level, but is currently falling.

Solana Holds Above $20 On Bearish Exhaustion

Cardano

Fantom

A top crypto analyst is mapping the path forward for four crypto assets that have witnessed bullish price action in the last seven days. In a new strategy session, pseudonymous analyst Cred tells his 49,200 YouTube subscribers that XRP could witness bullish continuation as long as it is above the previous resistance at $0.414.

Analyst Predicts Ethereum Rival Will Explode by Over 90%, Updates Outlook on XRP, Cardano and Solana

A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom thinks Ethereum (ETH) is primed for a breakout. Pseudonymous trader Smart Contracter shares a chart with his 221,700 Twitter followers that suggests Ethereum could shoot up past the $1,900 range in short order.

Analyst Known for Calling Crypto Bottoms Predicts Breakout for Ethereum, Says Solana Primed for New Rallies

A community review will decide if the network will build its new burn-and-mint equilibrium model on the Solana blockchain.

Render Network Eyes Solana Migration Ahead of Network Changes

Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second straight session, as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high.

Biggest Movers: SOL Over 8% Higher to Start the Week

Venture capitalist Chris Burniske says that Ethereum (ETH) rival Solana (SOL) could be setting itself up for a massive move to the upside.

Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

The price of Solana (SOL) has been rising since it entered the positive trend zone.

Solana Is In Decline As He Faces Fierce Opposition At $23

Ethereum Classic

Ethereum classic rose by as much as 12% in today's session, as cryptocurrency markets rallied to start the weekend. The global market cap is trading over 3% higher at the time of writing, as investors continue to buy crypto following the recent banking crisis. Solana was also higher in today's session.

Biggest Movers: ETC up 12%, as SOL Nears 1-Month High

Helium faces more troubles after the world's biggest crypto exchange decided to delist its native token.

Helium Plunges 23% After Binance Delisting, Solana Delay

The top decentralized exchange (DEX) built on Solana (SOL) plans to restrict Americans from trading on its platform at the end of the month. Orca (ORCA) announced the new restriction on its website this week, however, it did not provide a reason for the change in policy.

Top Decentralized Exchange Built on Solana (SOL) To Ban US Customers From Trading Amid Regulatory Uncertainty

Cosmos

Cosmos climbed by as much as 5% in Wednesday's session, as the token remained close to a multi-week high. Cryptocurrency markets consolidated recent gains in today's session, with the global market cap down by 0.24% as of writing. Solana continued to trade above $20.00, as prices consolidated.

Biggest Movers: ATOM, SOL Remain Close to Multi-Week Highs, as Markets Consolidate Recent Gains

Bitcoin Cash

Bitcoin Cash (CRYPTO: BCH) and Solana (CRYPTO: SOL) are seeing strength during Monday's session. Shares of several popular altcoins trading higher amid broader strength in cryptocurrencies.

Why Bitcoin Cash (BCH) And Solana (SOL) Are Seeing Blue Skies

Solana (SOL) is trading at a high of $18.84. The cryptocurrency value is rising again as it leaves the negative trend area.

Solana Trades Above $18 As Sellers Signal A Return To The Downtrend

An investor who correctly called the 2022 crypto bottom says that Ethereum (ETH) and Solana (SOL) are ahead of the curve when it comes to pulling in more users.

Investor Who Called Crypto Bottom Says Other Projects ‘Less Explosive' Than Ethereum (ETH) and Solana (SOL)

Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global crypto market cap is currently trading 1.8% higher, following a nearly 10% drop on Friday. Polygon was another notable mover, as price rose by nearly 7% on Saturday.

Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend

Widely followed analyst and trader Jason Pizzino is mapping out the path forward for three large-cap crypto assets. Starting with Bitcoin (BTC), Pizzino tells his 282,000 YouTube subscribers in a new video that the flagship crypto asset is unlikely to retrace to the low of November 2022.

Top Crypto Analyst Updates Outlook on Bitcoin (BTC), Solana (SOL) and Cardano (ADA) – Here Are His Targets

Polygon fell to its lowest point since January earlier in today's session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Solana also slipped on Thursday, as the token neared a two-month low.

Biggest Movers: MATIC, SOL Fall to Lowest Point Since January

Avalanche

Crypto whitehat hackers identified Ethereum as their preferred blockchain, followed by Solana, Avalanche and Cosmos, while Tezos spiked.

Whitehat hackers focus on Ethereum, Solana and Avalanche: Immunefi

Bitcoin dumped Thursday on the back of multiple catalysts that contributed to selling pressure.

Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness

The team behind Solana-based Exchange.Art is tapping into generative art through its new marketplace, courting creators native to Ethereum and Tezos.

Generative Art NFTs Are Coming to Solana With Code Canvas

The Blur model for incentivizing NFT sales is apparently paying off for Tensor, which announced a $3M funding round today.

News for Solana Crypto (SOL)