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

Bitcoin

Ethereum

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have fallen between 15% and 20% over the past week, pushing sentiment deeper into fear territory. Bitcoin Flashes Rare Oversold Signal Crypto analyst Lark Davis noted on June 4 that Bitcoin's daily RSI dropped to 17, one of the most oversold readings in the past decade and a level previously seen during the March 2020 COVID crash and February 2026 selloff.

Bitcoin, Ethereum, Solana Sentiment Hits COVID Level Lows: Is The Bottom In?

Forward Industries, the largest corporate holder of SOL, has moved 455,784 SOL worth about $31.87 million to Coinbase Prime, its first major transfer in a month, all while sitting roughly $1.13 billion underwater on the position.

Largest Solana Treasury Moves $32M in SOL to Coinbase Prime While Sitting $1.13B Underwater

Bitcoin (CRYPTO: BTC) may not have found its bottom yet, with veteran trader Gareth Soloway warning that the cryptocurrency could still retest $60,000 before a durable recovery forms. "Don't Think We've Reached A Bottom Yet" Speaking with Paul Barron on June 3, Soloway said Bitcoin's current structure resembles a larger bear flag, with recent sideways price action following a steep decline.

Bitcoin, Ethereum, Solana Plunge Over 10% In 1 Week: What Does Technical Analysis Say?

BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

Crypto exchange-traded fund (ETF) flows remained under heavy pressure on Tuesday, June 2, as bitcoin funds posted a 12th straight day of redemptions and ether ETFs extended their losing streak to 16 sessions. Solana and HYPE products drew fresh inflows, but the broader market remained defined by large exits from the two biggest asset classes.

Bitcoin ETFs Lose $519M as Grayscale's GSOL Pulls in Fresh Solana Demand

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) may no longer be the strongest crypto trade heading into the next cycle as capital rotates toward protocols tied to AI, privacy and on-chain applications, according to Real Vision chief crypto analyst Jamie Coutts. The "Lull In Crypto" Speaking on the Milk Road Show on June 2, Coutts argued the next 12 to 24 months could mark the beginning of an "agentic" economy powered by blockchain infrastructure rather than speculative meme-driven narratives.

The 'Best Crypto Bets' In This Market? Not Bitcoin, Ethereum, SOL, XRP If You Ask Raoul Pal's Chief Analyst

Dogecoin

The single biggest unwind was a $59.67 million BTC-USDT long on HTX.

Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%

Arthur Hayes bet $100,000 that Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR) outperforms every other top 10 crypto by year-end, with Multicoin Capital co-founder Kyle Samani accepting and backing Solana (CRYPTO: SOL). Hayes Has $150 Target, Samani Once Called HYPE Everything Wrong With Crypto The wager carries extra weight given the history between the two.

Arthur Hayes: My $100,000 Against Yours That SOL Will Not Outperform The Hottest Coin In The Market

Solana generated $91 million in application revenue in May, more than any other blockchain and ahead of Ethereum's $52 million, according to data shared by Defillama.

Solana Tops All Blockchains With $91 Million in May App Revenue, Beating Ethereum

The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana's network issuance deflationary during periods of very high activity, according to some estimations.

Solana Prepares for a Massive Tokenomics Overhaul to Slash Network Inflation

Kalshi moved swiftly to lock down an emerging market for perpetual futures in the U.S., filing to certify a slate of altcoin offerings

Kalshi Eyes Perpetual Futures for XRP, Solana, Dogecoin—And These Altcoins

Solana has closed eight consecutive red monthly candles for the first time in its history, with SOL trading near $81 on June 1, 2026, even as onchain metrics hold at levels that would have seemed bullish just a year ago. 8 Straight Red Months Crypto influencer Ash Crypto addressed the streak directly on June 1.

Solana Posts 8 Consecutive Red Months for First Time as Traders Watch $80 Support

Aptos

The campaign targets crypto, DeFi, AI and security developers with fake tooling packages to steal wallets, SSH keys, GitHub tokens, cloud credentials and browser data.

Solana, Sui and Aptos wallet data targeted in TrapDoor package attack

Real Vision co-founder and CEO Raoul Pal says the crypto bull market remains intact despite months of sideways price action. Rising global liquidity, AI-driven infrastructure demand and accelerating blockchain adoption are setting up the "perfect storm" for crypto assets.

Look Past XRP: Raoul Pal Sees Ethereum, Solana As Main Altcoin Picks Because 'The Worst Is Over'

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs shed over $1.4 billion last week as capital rotated into altcoin ETF products chasing newer narratives. Bitcoin ETFs Lost $1.26B, Total Assets Dipped Below $100B Spot Bitcoin ETFs posted $1.26 billion in net outflows last week, bringing the two-week total to more than $2.2 billion.

Bitcoin, Ethereum ETFs Lose $1.4B, But HYPE, SOL, XRP Attract Fresh Inflows: What's Driving The Surge?

Canton

The world's largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves. In a new report, Grayscale says expected regulatory changes, including the Clarity Act that aims to establish rules for classifying and regulating digital assets and guidance from the U.S.

Grayscale Says Ethereum, Solana and Two Additional Blockchains Poised To Benefit From Clarity Act

South Korean prosecutors have arrested and indicted five suspects in what authorities say is the country's first criminal case targeting a rug pull on a decentralized exchange, with the alleged scheme leaving 256 investors with approximately $600,000 (900 million won) in combined losses.

South Korea Files First Criminal Case Over DEX Rug Pull, Indicts Five in Solana Meme Coin Scheme

USDC

Cash App users can now transfer on Solana, Ethereum, Polygon and Arbitrum, but executive Miles Suter says the firm is still bitcoin-focused.

Cash App lets users send USDC stablecoins on chains like Solana and Ethereum

SoFi is making its SoFiUSD token available to members, marking a milestone in the convergence of regulated banking and blockchain.

SoFi Launches SoFiUSD Stablecoin Across Ethereum and Solana

Streamex Corp. and Solana-based decentralized exchange ( DEX) platform Orca launched 24/7 secondary liquidity infrastructure for tokenized securities on Wednesday, with GLDY, a gold-backed, yield-bearing token, as the first asset to trade on the system.

Streamex and Orca Build 24/7 Compliant Trading Pool for Gold-Backed Token GLDY on Solana

The charges against the CatFi creators mark the first time South Korean prosecutors have applied the new Virtual Asset User Protection Act.

Solana Meme Coin Surges 6,000% After Creators Arrested Over 'Rug Pull'

The launch comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.

Solana DEX Orca launches new marketplace for tokenized real-world assets

By using fake social media channels, the suspects allegedly lured thousands into buying Solana memecoin CatFi, before abandoning the project.

South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law

Crypto treasury firms Sharplink and Forward Industries will both be included in the Russell 2000 and 3000 indexes at the end of June.

Ethereum Firm Sharplink, Solana Treasury Forward Industries Joining Russell 2000, 3000 Indexes

According to data from earlier this month, about $12.2 trillion in investor assets are benchmarked" to the Russell U.S. indexes.

News for Solana Crypto (SOL)