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

Fintech trading app Robinhood (NASDAQ: HOOD) could delist the tokens named in lawsuits by the Securities and Exchange Commission against Binance and Coinbase this week, a representative for the company told a Congressional committee. "We are actively reviewing the SEC analysis to determine what, if any, actions to take in that regard," said Robinhood Chief Legal Compliance Officer Dan Gallagher, a former SEC commissioner, while testifying before the House Agriculture Committee on Tuesday.

Robinhood 'Actively Reviewing' The Listing Of SOL, Other Tokens Named In SEC Lawsuits

Ethereum

Polygon

Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 NFTs across the Ethereum, Solana and Polygon blockchains.

Kraken NFT Marketplace Launches With Support for Ethereum, Solana and Polygon Collections

Cardano

Cardano dropped to a three-month low on Thursday, as sentiment in cryptocurrency markets remained largely bearish. The move comes as traders continue to worry about what the recent Binance and Coinbase lawsuits could mean for the wider market. Solana also slipped to a multi-month low.

Biggest Movers: ADA, SOL Plunge to 3-Month Lows on Thursday

Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.

BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble

Dogecoin

Dogecoin was one of the biggest losers in crypto markets on Tuesday, as markets continued to react to the United States Securities and Exchange Commission (SEC) suing Binance and Coinbase. The global cryptocurrency market lost nearly 4% of its value in today's session. Solana was another notable mover, falling by 9% today.

Biggest Movers: DOGE, SOL Big Losers Following Binance, Coinbase Lawsuits

The Securities and Exchange Commission (SEC) filed a lawsuit against Binance Holdings Ltd. on Monday, citing 12 coins as unregistered securities.

Cardano, Solana, Binance Token Among $115B Worth Crypto Now Labeled By SEC As Unregistered Securities

Other altcoins—including recent top gaming tokens SAND, MANA, and AXS— are securities too, the SEC argues.

SEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit

The U.S. SEC has called 12 tokens securities in a lawsuit against Binance, including BNB, SOL, MATIC and ADA. It did not mention ether.

Solana, polygon, cardano and other tokens are securities, says SEC in Binance lawsuit

Solana (SOL) price has risen above the moving average lines, indicating an uptrend.

Solana Reverses Course And Aims For $26 Mark

Bitcoin

Litecoin

Gemini is the second major U.S. exchange to be driven offshore as domestic regulators continue to drag their heels.

This Week in Coins: XRP, Litecoin and Solana Outpace Bitcoin in Week of Small Gains

A widely followed crypto strategist is warning traders that one major Ethereum (ETH) rival is about to plummet. Pseudonymous analyst Altcoin Sherpa tells his 195,700 Twitter followers that Solana (SOL) could see a more than 30% decline from its current value. According to Sherpa, Solana's volume profile shows a risk of a major collapse.

Top Crypto Trader Predicts One Ethereum Rival Will Plummet by Over 30%, Says Bitcoin Also Headed Lower

Aave

A popular crypto trader who has remained bearish on the digital asset markets this year is doubling down on his predictions and adding more to his short position on one large-cap token.

Crypto Bear Doubles Down Again, Goes Short on Polygon (MATIC), Solana (SOL), Aave and More

Find Satoshi Lab (FSL), the innovators behind the acclaimed Web3 game, STEPN, is introducing an artificial intelligence (AI) driven non-fungible token (NFT) generator named GNT V3. This pioneering tool positions creativity at the heart of the technological convergence of AI and Web3.

Invasion Of AI NFTs: Personalized Digital Art On Solana's Blockchain

Solana (SOL) co-founder Raj Gokal is bullish on the prospects of the layer-1 Ethereum (ETH)-rival over the long term. Gokal tells TechCrunch+ that Solana could become as dominant in the crypto space as Apple is in the consumer electronics industry. “Solana has the potential to be the Apple of crypto.

Solana Has Potential To Be the ‘Apple' of Crypto, According to SOL Co-Founder Raj Gokal

Solana (CRYPTO: SOL), a layer-1 blockchain has the "potential to be the Apple of crypto," according to its co-founder Raj Gokal. What Happened: Gokal on Monday discussed Solana's strategy with TechCrunch+.

Can Solana Become The Apple of Crypto? Co-Founder Makes Bold Claim

A popular crypto analyst thinks that the Ethereum (ETH) competitor Solana (SOL) is dramatically undervalued. In a new update, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the number of daily active addresses on Solana rivals that of Ethereum, yet it is currently only worth 1/25th of ETH's market cap.

Solana (SOL) Price Should Be ‘Bare Minimum' 3x Higher, According to InvestAnswers

In a significant advancement for cryptocurrency enthusiasts, Key App rolled out a feature that facilitates the seamless transfer of tokens between the Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) networks. In an effort to address the prevalent issues of hefty Ethereum gas fees, the app will bear the cost for transfers exceeding $50.

Crypto Game-Changer: Send Money For Free Across Ethereum And Solana

XRP rallied to a six-week high in today's session, as the token extended a recent bull run to a sixth day. Prices have risen by as much as 10% in that period, with the latest surge sending the cryptocurrency above $0.50. Solana was also higher, hitting a multi-week high of its own.

Biggest Movers: XRP Hits 6-Week High, SOL Collides With Key Resistance Level

Ethereum (ETH) rival Solana (SOL) has huge upside potential if certain conditions are met, according to VanEck's digital asset research department. Last week, VanEck released a research report detailing its forecast for the price of Ethereum in 2030.

Solana (SOL) Could See Massive Upside in the Future, According to VanEck Digital Assets Research

The price of Solana (SOL) is still falling below the moving average lines.

Solana Approaches Bullish Exhaustion On Renewed Selling Pressure

The chief executive of the world's largest crypto exchange Binance, has predicted China could be about to trigger the next bitcoin price bull run.

‘It's A Big Deal'—Crypto Suddenly Braced For A Huge China Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Price Swings

The leading Solana NFT marketplace will play nicer with other platforms and offer a bonus on certain trades.

Magic Eden Will Pay You to Buy and Sell Solana NFTs

Basketball icon Shaquille O'Neal was served legal papers related to the FTX bankruptcy and his NFT project while broadcasting in Miami.

Shaq Hit With Lawsuits Over Solana NFT Project, FTX During NBA Game

The Solana (CRYPTO: SOL) Foundation on Tuesday announced that it has integrated artificial intelligence (AI) into its decentralized ledger blockchain with the addition of the ChatGPT plug-in developed by Solana Labs. What Happened: The AI-enabled tool will be initially geared toward end-users and aimed at helping them onboard into the web3 space.

Solana Jumps On The AI Bandwagon, Announces ChatGPT Can Be Used To Buy NFTs

Former Goldman Sachs executive and macro expert Raoul Pal is bullish on Solana (SOL) based on his interpretation of the technical analysis. Pal says in this week's Global Macro Investor (GMI) newsletter that the Ethereum (ETH) competitor and 11th-largest crypto asset by market cap is “getting ready” for an upward move.

News for Solana Crypto (SOL)