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

SOL's price has surged 114% so far this year, slowly recovering from losses from early November. Crypto traders and analysts are navigating the prospects for the Solana community.

Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?

Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.

FTX's $5.5 Billion in Alleged ‘Liquid Assets' Includes Locked SOL Cache and Illiquid FTT Holdings

Cosmos

Polkadot

Polygon

A new annual report from early-stage venture firm Electric Capital shows massive developer activity growth on four blockchain projects, including two Ethereum (ETH) rivals.

Polygon, Cosmos and Two Ethereum Rivals Have Surged Over 400% in One Metric, Says Crypto Firm

Bonk

Ethereum

A top executive of Solana (SOL) says the Ethereum (ETH) rival is bouncing back after suffering the impacts of FTX's collapse.

Crypto Executive Reveals State of Solana Post-FTX Collapse, Comments on Dogecoin Rival BONK

Cardano

Avalanche

Fantom

Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 million over the last 30 days, increasing from $243 billion to the current $321 billion.

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days

Climate solutions \"makes the most sense\" for real-world applications of blockchain, a co-founder of the initiative told CoinDesk.

Solana Foundation, Ripple, GBBC and Others Form Partnership to Promote Crypto Solutions for Climate Change

A popular crypto strategist and trader says smart contract protocol Solana (SOL) could mirror Ethereum's (ETH) 2021 meteoric rise.

Top Trader Says Solana (SOL) Could Repeat Ethereum's (ETH) Explosive 2021 Rally – Here's His Chart

The Solana blockchain was one of the most successful "Ethereum killers" until its close connection to and support by Sam Bankman-Fried undercut trust.

Solana Surges 60%, Overcoming SBF Connection and 2022's Outages

Solflare says the update will give its users an edge in transaction processing during busy periods.

Solflare Wallet Brings 'Priority' Gas Fees to Solana

Shiba Inu

Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.

Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation

Solana (CRYPTO: SOL) is having an incredible comeback run in 2023 after seeing a dramatic decline of more than 80% in 2022.   What Happened: Solana gained 50% in the last seven days and, at the time of writing, was trading at $23, according to Benzinga Pro Data.

'Ethereum Rival' Roars Back With 50% Surge Last Week After Flipping Polygon Briefly — All Thanks To This Meme Coin

The once-heralded "solana killer" has bounced back, briefly bumping Polygon out of the top ten.

Rising Solana Tide Surges 58% In Second Strong Week

Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November.

Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains

Bitcoin

Encouraging inflation news and a strong stock market kept BTC and ETH green this week, and brought big boosts to SOL, AVAX, and LDO.

This Week in Coins: 2023 Green Streak Continues for Bitcoin, Ethereum, Solana, Avalanche

Tiny Colony, a building and management game, is the latest NFT project to announce a shift away from Solana.

Why a 'Tiny' NFT Game Is Ditching Solana for Ethereum's Immutable X

Originally built on Solana, the move will come with new features for the Tiny Colony ecosystem. The post Tiny Colony game bids farewell to Solana, will migrate to ImmutableX appeared first on The Block.

Tiny Colony game bids farewell to Solana, will migrate to ImmutableX

Active addresses and daily NFT trading volume have returned to levels last seen before the collapse of crypto exchange FTX, the report said.

Citi Says Solana Blockchain Activity Remains High

Distraught, disgusted, and jaded. Solana's popularity took a hit when reports of possible fraud at Sam Bankman-Fried's then-behemoth crypto exchange FTX first came to light.

Inside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX

The crypto analyst who correctly called Bitcoin's (BTC) 2018 bear market bottom says that Solana (SOL) could be setting up for a significant retracement. Pseudonymous analyst Smart Contracter tells his 217,900 Twitter followers that Solana's strong start to the year has likely reached its conclusion.

Trader Who Nailed 2018 Bitcoin Bottom Issues Alert to Solana Holders, Says SOL Flashing Clear Bearish Signs

Major coins were seen trading higher on Monday evening as the global cryptocurrency market cap rose 1.3% to $850 billion.

Bitcoin, Ethereum, Dogecoin Rise: Analyst Says This 'ETH Killer' Still Has A Chance If It Can Survive 'Dark Period'

Solana (SOL), one of Ethereum's (ETH) biggest competitors, has more than doubled in price since it collapsed to $8.30. SOL's local low of $8.30 marked a nearly 97% drop from its all-time highs, and created uncertainty surrounding the future of Solana.

Ethereum Rival Solana (SOL) Surges 109% From Lows As Crypto Markets Turn Green

Solana surged by as much as 22% on Monday, as bullish sentiment returned to cryptocurrency markets. The move saw the token climb to its highest point since November, when it was embroiled in the FTX collapse. Cardano also moved higher to start the week, climbing by nearly 13%.

Biggest Movers: SOL up 22% as ADA Hits Highest Point Since November

Bitcoin (CRYPTO: BTC) traded higher this morning following the release of jobs data on Friday, with prices surging past the key $17,000 level. Ethereum (CRYPTO: ETH), also moved higher, trading above the key $1,300 mark on Monday.

Bitcoin Tops This Key Level; Gala, Solana Among Top Gainers

Solana got a boost from BONK, jumping over 60% for the week.

Solana, Cardano Both Up 21% Late Sunday, Setting Monthly Highs

A new meme coin based on the Solana (SOL) blockchain is immensely outpacing its established rivals Shiba Inu (SHIB) and Dogecoin (DOGE) to open the year. Bonk (BONK) is starting 2023 with a bang after posting astronomical gains in the first few days of 2023 despite the persistent crypto bear winter.

News for Solana Crypto (SOL)