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 falling as it is below the 21-day moving average line.

Solana Falls Into Oversold Territory At $19

Shiba Inu

Polkadot

The world's largest crypto exchange platform by volume is adding Shiba Inu (SHIB) and three other altcoins to its list of verifiable crypto assets. In a new company blog post, Binance says its introducing zero-knowledge (zk) SNARKS, a verification method that keeps information secure, to its proof-of-reserves identification system.

Crypto Exchange Binance Adds Shiba Inu (SHIB) and Three Other Altcoins As Verifiable Digital Assets

Cardano

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.

Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish

The privacy-centric browser company aims to provide a one-stop shop for Web3 services.

Brave Adds Support For Solana on iOS and Android

Nine figures worth of Solana (SOL) are on the move following a massive crypto whale transfer between two unknown wallets as the Ethereum (ETH) rival secures a partnership with software giant Brave.

Solana Whale Suddenly Moves $184,488,088 As Ethereum Rival Secures Partnership With Brave Browser

The Whales will be based on avatars from the Solana NFT project, with tunes coming through both traditional and Web3 channels.

Def Jam Creates NFT Band With Solana's Catalina Whale Mixer

Chorus One's protocol to integrate MEV on Solana is unlike from that of Ethereum, accounting for the two blockchain's differing architectures.

Chorus One brings MEV protocol to Solana

Avalanche

Ethereum

Bloomberg's lead commodity strategist says that scaling solutions on Ethereum (ETH) may be threatening the rise of the alternative layer-1s like Solana (SOL) and Avalanche (AVAX).

Bloomberg Analyst Warns Rise of Solana, Avalanche Could Be Thwarted by Polygon and Other Ethereum Layer-2s

A widely followed crypto analyst says that layer-1 blockchain Aptos (APT) has a chance at usurping Solana (SOL) as one of Ethereum's (ETH) chief competitors. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.

Can Aptos (APT) Dethrone Solana (SOL)? Coin Bureau Looks At Battle of Ethereum Challengers

Bitcoin

Fantom

A pseudonymous crypto analyst shared an outlook on Bitcoin (CRYPTO: BTC) and altcoins Fantom (CRYPTO: FTM), Solana (CRYPTO: SOL)  and Cardano (CRYPTO: ADA). What Happened: Altcoin Sherpa told his 190,500 followers on Twitter that the longer Bitcoin hovers around $23,000 to $24,000, the more bullish he is.

Analyst Predicts Crucial Targets For Bitcoin, Solana, Fantom: 'Looks Extremely F***ing Strong'

The DeFi platform Everlend said that continuing under current liquidity and market conditions “is a gamble” despite having sufficient runway.

Solana-Based DeFi Protocol Everlend Announces Shut Down

The Solana DeFi space has lost another participant with Everlend Finance announcing the shutdown of its app.

Solana DeFi lender Everlend shuts down its app citing liquidity crunch

A popular crypto strategist says Bitcoin (BTC) and two Ethereum (ETH) rivals, Solana (SOL) and Fantom (FTM), have more room to run. Pseudonymous analyst Altcoin Sherpa tells his 190,500 Twitter followers that Bitcoin is likely to surge at least 25% from its $24,007 value at time of writing.

Bitcoin, Solana and Additional Ethereum Rival Have Higher To Go, Says Top Crypto Analyst – Here Are His Targets

The Kin Foundation has announced the launch of a Solana-based on-ramp for app developers that requires minimal coding called Kinetic.

Kin Foundation debuts Solana-based on-ramp tool for app developers

A trader who continues to build a large following with his timely altcoin calls says that one of Ethereum's biggest competitors may be following ETH‘s early stages of growth.

Is Solana Following Ethereum's Early Days? Top Trader Compares SOL and ETH, Updates Stance on Crypto Markets

A Solana-based (SOL) decentralized crypto exchange is suing the bad actor behind the alleged $100 million exploit of its network last October. In a new court filing in the Southern District of New York, Mango Markets accuses Avraham Eisenberg of initiating a “brazen and malicious” attack on its platform.

Solana-Based Trading Platform Mango Markets Sues Crypto Trader Behind $100,000,000 Exploit

Friktion is sunsetting its user platform, moving all volts to withdraw-only mode as the Solana DeFi project has seen its TVL tank 97%.

Solana-based DeFi project Friktion shuts down its front end

Marinade Finance will reward users with a total of 160 million marinade tokens for depositing SOL over the next 12 months.

Marinade Finance announces rewards to boost liquid staking on Solana

Pseudonymous Marinade developer Cerba said the effort will bring more legitimacy to mSOL, which is ahead of Lido's Solana LSD token despite that big-name protocol's dominance on Ethereum.

Solana Liquid Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture

Polygon

Fractal co-founder Justin Kan tells Decrypt that many game developers "want to be on Polygon."

Twitch Co-Founder's Solana Gaming Platform Fractal Expands to Polygon

Jump Crypto is using its high-frequency trading expertise to build a new open-source validator client for Solana known as Firedancer.

Here's how Jump Crypto's Firedancer project aims to optimize Solana for HFT

A widely followed trader says he sees more upside potential for smart contract platform Solana (SOL) and two tokens flying under the radar. Pseudonymous Cantering Clark tells his 158,900 Twitter followers that traders who continue to bet against the Ethereum rival will likely be blown out of their positions by a short squeeze.

Top Crypto Analyst Predicts Bullish Continuations for Solana and Two Under-the-Radar Altcoins

Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today's session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency market cap up 6.

Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November

All of the top 20 coins were in the green again—and nothing rose bigger than Solana, which is rebounding from its FTX-triggered losses.

This Week in Coins: Bitcoin and Ethereum Rise, Solana Rises Most

Cosmos

Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak. Friday's move saw the token move closer to a key resistance level of $12.50. Solana also moved higher earlier in the day, as price bounced from a key support point.

News for Solana Crypto (SOL)