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

Ethereum

Polygon

In the midst of a turbulent week for the crypto market, non-fungible token (NFT) sales have shown resilience, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million.

Non-Fungible Token Sales Spiked This Week Despite Crypto Market Volatility

The price of Solana (SOL) is falling well below the moving average lines after a sharp rejection at the $26 overhead barrier.

Solana Reaches Bearish Exhaustion And Rebounds Above $20

Ethereum (ETH) challenger Solana (SOL) rolled out a new carbon emissions tracker on Friday in a bid to be more environmentally conscious. The Solana Foundation says it's the first smart contract blockchain project “to have its emissions measured in real-time.” It developed the emissions tracker in partnership with Seattle-based carbon data platform Trycarbonara.

Ethereum (ETH) Rival Solana (SOL) Rolls Out New Carbon Emissions Dashboard To Track Environmental Footprint

Helium (HNT) Network officially completed its much-publicized migration to the Solana (SOL) blockchain on Wednesday. Abhay Kumar, the Helium Foundation's chief executive, says the upgrade will help with the project's scalability and reliability. “Migrating the Helium Network to Solana offers significantly more utility for the network, including faster transaction speeds and new smart contract capabilities.

Helium Finishes High-Profile Migration to Solana (SOL) As HNT Token Surges 11% This Week

The real-time dashboard, produced by the Solana Foundation, shows how much carbon the smart contracts platform is emitting.

Solana's Annual Carbon Footprint Equals 8 Flights from London to New York

The Solana Foundation claims that it is the first "major smart contract blockchain network" to broadcast its environmental impact as such.

Solana Now Measures Network Carbon Emissions Data in Real Time

Prominent NFT project Solana Monkey Business is now owned by the independent collective of holders that formed around it.

Solana Monkey Business IP Acquired by DAO of NFT Holders

Each hotspot on the crypto wireless network is now represented by an NFT as Helium successfully migrates to Solana.

Helium Completes Solana Migration, Minting Nearly 1M NFTs in the Process

Dogecoin

A popular crypto trader thinks Ethereum (ETH) competitor Solana (SOL) could see sizeable gains in the next two weeks. The pseudonymous analyst Cantering Clark, tweeting from his new Man o' War Twitter account, says he believes SOL could rally by as much as 23% in the short term.

Trader Unveils Price Target for Solana (SOL), Says He's Bullish on Dogecoin (DOGE) and One Ethereum Rival

The change aims to make Helium faster and cheaper to operate.

Decentralized Wireless Project Helium Begins Move to Solana Blockchain

A popular crypto analyst thinks Ethereum (ETH) challenger Solana (SOL) is gearing up for rapid growth as two on-chain metrics flash bullish signals for the smart contract protocol.

Analyst Says Top Ethereum Rival Set for Rapid Growth As On-Chain Metrics Signal Health

Grayscale has announced the public trading of its Solana Trust under the ticker symbol GSOL (OTC: GSOL), making it the latest addition to the 15 other cryptocurrency investment products the company offers on OTC Markets. With 304,427 outstanding shares as of Friday, investors with access to U.S. securities can "buy and sell freely-tradable GSOL shares through their investment accounts," said Grayscale.

Grayscale's GSOL: The Future Of Solana Investment Or A Bubble Waiting To Burst?

Avalanche

Ethereum (CRYPTO: ETH) rival Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) are up 3.8% and 6.7%, respectively, in the last 24 hours, even apex crypto Bitcoin (CRYPTO: BTC) and ETH weakened. What Happened: Solana surged by 22.63% over the week and was last trading at $25.22.

These 2 Ethereum Rivals Are Spiking Today Even As Bitcoin Slips

The price of Solana (SOL) is above the moving average lines, but below the resistance at $26.

Solana Is In A Sideways Trend, But Remains Stuck Below $26

Solana's cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto assets using its Seed Vault feature. Solana Smartphone Saga Ready for the Masses Solana Labs, Inc.

Solana's Crypto and Web3 Smartphone ‘Saga' Available to the General Public on May 8

The company behind the Ethereum (ETH) challenger Solana (SOL) says its flagship phone Saga is now available and will start shipping within the month.

Ethereum Rival Solana (SOL) Officially Rolls Out New Crypto-Friendly Mobile Phone ‘Saga'

On top of building the chain's loyalty infrastructure, the Solana Foundation recently invested $100,000 into Boba Guys.

Popular Tea Shop Boba Guys Taps Solana for On-Chain Loyalty Rewards Program

Chainlink

A pseudonymous crypto trader says one Ethereum (ETH)-based altcoin is poised for an explosive surge while updating his outlook on Dogecoin (DOGE) and Solana (SOL).

Crypto Trader Says One Ethereum-Based Altcoin To Explode 200–300%, Updates Outlook on Dogecoin and Solana

Solana (CRYPTO: SOL) Labs has finally launched its much-awaited Saga, the first-ever cryptocurrency-focused smartphone that runs on the Android operating system.

Solana Launches Crypto-Focused Smartphone Starting At $1,000: Will It Challenge Apple, Google?

MonkeDAO, a decentralized autonomous organization formed by fans of Solana Monkey Business, will purchase all intellectual property rights to the collection from its current owner HadesDAO.

MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M

The PFP project will release (RED)-themed merchandise to raise funds for The Global Fund to Fight AIDS, Tuberculosis and Malaria.

Solana-Based NFT Collection Okay Bears Partners With (RED) to Fund Global Health Efforts

Solana's Android phone is here, delivering a premium flagship with baked-in Web3 functionality. Can it hook the masses?

Solana Saga Review: The Web3 Smartphone Has Arrived

Solana's crypto smartphone, called Saga, represents a bet on mobile as the future of crypto adoption.

Solana's Crypto-Ready ‘Saga' Smartphone Goes on Sale May 8

Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session.

Biggest Movers: DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High

Bonk

Bonk Inu was one of the hottest Solana tokens earlier this year, leading a frenzied market at the time.

News for Solana Crypto (SOL)