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 Pudgy Penguins token PENGU is live on Solana, with $1.5 billion worth of tokens offered to NFT holders, traders, and beyond.

Let It Snow: Pudgy Penguins Release Massive $1.5 Billion PENGU Airdrop on Solana

The PENGU token is launching on the Solana network, with Ethereum and Abstract Chain compatibility to follow.

Pudgy Penguins launch PENGU token on Solana with claims open for 88 days before being burned

A widely followed crypto analyst says that Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), looks primed to continue its red-hot streak.

Trader Says Altcoin That's Up over 8x in Under Three Months to Outperform Market, Updates Outlook on Solana

A widely followed crypto analyst says that holders of smart contract platform Solana (SOL) may be due for the same pain Ethereum (ETH) traders felt during previous cycles.

Solana Holders May Be In for Same Pain As Ethereum Bulls, According to Analyst Benjamin Cowen – Here's Why

The price of Solana (SOL) has fallen between the moving average lines since December 2nd. Latest price analysis by Coinidol.com.

Solana Is In A Range And Threatens To Drop Above $171

Asia is home to about 32% of crypto developer activity, Electric Capital's annual study reveals—and new devs favor Solana over Ethereum.

Crypto Developer Activity Surges in Asia as Solana Support Grows: Electric Capital

Ethereum

According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether's utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year's October numbers, when it scored 600,000 transactions and transferred nearly $40 million.

Ether and Solana Grow in Brazilian Markets

The memecoin was purportedly themed after Drake's cartoon "alter ego" Anita Max Wynn and saw $5 million in trading volume before collapsing.

Musician Drake's X account seemingly hacked, used to promote Solana memecoin

New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise.

Crypto Investors HODLing Solana in Anticipation of Higher SOL Prices, According to Analytics Firm

Bitcoin

U.S. asset manager VanEck has published its predictions for cryptocurrency prices in 2025, anticipating further bullish price action next year. Prediction #1: New Highs For The Crypto Bull Market VanEck expects the crypto market to reach a medium-term peak in the first quarter of 2025, with Bitcoin (CRYPTO: BTC) potentially hitting $180,000 and Ethereum (CRYPTO: ETH) exceeding $6,000.

Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck's 2025 Crypto Predictions

Sol Strategies has announced plans to list on Nasdaq following a remarkable 2,336% increase in its stock since July.

Sol Strategies Eyes Nasdaq Listing Following 2,336% Stock Surge

A recent report by Electric Capital found that Solana became the ecosystem that attracted the most new developers in 2024, overtaking Ethereum. The report calculated that 7,525 developers joined the Solana ecosystem this year, while Ethereum registered 6,456 during the same period. Solana grew its developer base by 83% year-over-year, while Ethereum lost 22%.

Solana Overtakes Ethereum as the Chain With Most New Developers in 2024

Chainalysis has expanded its coverage to include meme coins launched on the Solana-based platform Pump.fun.

Chainalysis Expands Coverage To Include 4 Million Solana Meme Coins from Pump.fun

The publicly-traded crypto holding company has continued to shed previous investments as it double-downs on the Solana ecosystem.

Sol Strategies plans Nasdaq listing after 2,336% stock surge since July on Canadian exchange

Ethereum remained the blockchain with the most devs, and the overall population of software builders in crypto was flat, the VC firm said in its annual survey.

Solana Was the Biggest Draw for New Crypto Developers in 2024: Electric Capital

The two founders behind a leading blockchain data firm are diving into what has fueled Bitcoin's (BTC) most recent venture past $100,000. According to Glassnode co-founders Jan Happel and Yann Allemann, inflation data sparked this week's BTC rally to over $100,000.

Glassnode Co-Founders Break Down Bitcoin's Latest Breakthrough, Say Solana (SOL) Is Next

Over 4 million Solana-based memecoins have been deployed via Pump.fun, according to data from Dune Analytics.

Chainalysis expands Solana coverage to include Pump.fun memecoins

Ethereum remains the top blockchain by total developer count, though Solana's dev ecosystem has begun to grow at a faster rate.

Solana surpasses Ethereum as fastest growing crypto ecosystem in terms of new developers: Electric Capital

Solana's first crypto perpetuals aggregators service wants to compete with market leader Hyperliquid.

Ranger Finance Targets Crypto Perps Traders of 'Size' on Solana

Perena wants to be the "neutral layer" bringing liquidity to stablecoin issuers.

Stablecoin Trading Startup Perena Tries Its Luck on Solana

Solana developers recently approved the first block increase in the blockchain's history, signaling a commitment to maintaining network operability and scalability in preparation for the chain's future demand.

Solana Embraces a Path to Scalability: Approves Modest Block Limit Increase

Bitcoin has once again surged past the $100,000 mark, trading at around $100,500 following the release of U.S. Consumer Price Index (CPI) data for November.

Cryptocurrency Market Soars: Bitcoin Hits $100,000 While Ethereum, Solana and XRP Record Gains

The hackathon emphasizes leveraging Solana's high-performance blockchain to support the deployment of AI agents on-chain. Solana Wants Innovative AI Agents Solana has launched its first artificial intelligence (AI) hackathon, marking a significant milestone in integrating artificial intelligence with blockchain technology.

Solana Unveils First AI Hackathon With Over $185,000 in Cash Prizes

Pudgy Penguin or a Bitcoin? Both are worth more than $100,000 now with the NFT project surging as traders jockey for airdrop allocations.

Pudgy Penguins NFTs Surge Above $100K on Solana Airdrop Hype

Dogecoin

Bitcoin rose back above $100,000 per coin Wednesday after U.S. inflation data matched expectations, with other top coins also popping.

News for Solana Crypto (SOL)