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

TipLink, a crypto payments platform built on the Solana blockchain, raised $6 million in a seed funding round.

Sequoia, Multicoin co-lead $6M funding for Solana-based crypto payments startup TipLink

Raoul Pal, a former Goldman Sachs executive and a macroeconomic guru, said Solana's chart is getting "very interesting" - with its value already up 85% this year. What Happened: Pal compared SOL with Ethereum (CRYPTO: ETH) which is up 168% in 2023.

Raoul Pal Says This Crypto Is Getting 'Very Interesting' As It Soars 85% Against Ethereum This Year

Ethereum (ETH) challenger Solana (SOL) is rallying amid the news that Helium (HNT) is moving onto the SOL blockchain next month. The Solana network recently announced that Helium is migrating from its current layer-1 solution to the smart contract blockchain platform.

Solana (SOL) Bounces After Announcement That Helium (HNT) Ecosystem's Officially Migrating to the Ethereum Rival

Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network's native token, helium, has also risen, jumping 25% over the past week against the greenback.

Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

Bitcoin Cash

Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July.

Biggest Movers: SOL 11% Higher, BCH Hits Strongest Point Since July 

The upcoming Helium migration and substantial NFT sales volume appear to be fueling a double-digit recovery for Solana.

Solana Soars Double-Digits as Helium Network Announces Merge Date

This upgrade will encompass all wallets, Hotspots, and Helium Network state, and will take place over a 24-hour transition period on the decided date.

Helium to Fully Migrate to Solana Blockchain by March 27

The price of Solana (SOL) is currently in an upward correction after falling to a low of $19 on February 10.

Solana Recovers, But Faces Rejection At $24

Solana was one of Tuesday's notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session on Tuesday.

Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session

The digital collectible giant announced the reduction in workforce as part of a restructuring.

Layoffs Hit Solana NFT Marketplace Magic Eden Sheds 22 Employees

Ethereum

Polygon

Digital assets manager CoinShares says large institutional investors are being more selective this year, pouring money into Ethereum (ETH), Polygon (MATIC) and one ETH competitor last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional digital asset investment products suffered minor outflows last week despite specific altcoins enjoying inflows.

Institutions Allocate to Ethereum (ETH), Polygon (MATIC) and One ETH Rival As Markets Consolidate: CoinShares

One of Solana's most popular NFT projects just changed hands, but will the DAO of NFT holders be receptive to the new owners?

Solana Monkey Business Has a New Owner: NFT Exchange Hadeswap

A hacker responsible for the $320 million exploit of the Solana-Ether Wormhole bridge in 2022 has been actively engaging with the decentralized finance (DeFi) ecosystem. The individual behind the exploit exchanged some of the fraudulently obtained assets for Ether (CRYPTO: ETH) and may be earning yields on staked tokens, according to blockchain security firm Peckshield.

$320M Solana-Ether Wormhole Bridge Exploit: Hacker Earns Yields On Staked Tokens

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

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.

News for Solana Crypto (SOL)