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

XRP (CRYPTO: XRP) long valued for its liquidity and utility, expanded its multichain reach as Hex Trust brings XRP to Solana (CRYPTO: SOL) and other networks via a new wrapped asset, wXRP. What Happened: Hex Trust is launching wXRP, a regulated, 1:1-backed wrapped XRP issued and custodied by the firm.

XRP Lands On Solana As Ripple Lands Crucial Banking License

Ethereum

Chainlink

The bridge uses Chainlink's CCIP to ensure consistent behavior across chains, mirroring the behavior of underlying assets.

Backed, Chainlink Unveil xBridge to Move Tokenized Stocks Between Solana and Ethereum

Dogecoin

Pepe

Prosecutors used a fugitive disentitlement statute to seize Dogecoin, Solana, and other tokens tied to a Citrus County fraud case.

Florida Seizes $1.5M in Dogecoin, Pepe and Solana Over Case Tied to Chinese National

Bitcoin

Bitcoin and ether ETFs ended their midweek momentum with fresh outflows on Thursday, while solana and XRP ETFs delivered steady inflows. It was a mixed session that underscored different sentiments across the major asset classes. Mixed Day for Crypto ETFs With BTC, ETH Outflows and Gains for XRP, SOL Thursday, Dec.

XRP and Solana ETFs Maintain Strength as Bitcoin and Ether See Outflows

Decentralized exchange expands into Solana ecosystem with spot trading, offering zero fees for U.S. traders during initial launch. Dydx Labs announced its global launch of solana spot trading on December 11, 2025, marking the platform's first entry into the U.S. market. The exchange, which has surpassed $1.

Dydx Launches Solana Spot Trading Globally, Enters US Market

Wrapped XRP will be tradable on Solana, Ethereum and other chains, allowing exposure across DeFi applications without unregulated third-party bridges.

XRP Lands on Solana, Ethereum and Others, in Boost for Ripple Ecosystem

Avalanche

SkyBridge Capital founder Anthony Scaramucci stated Thursday that JPMorgan Chase & Co.'s (NYSE:JPM ) move to issue debt securities using Solana (CRYPTO: SOL) supports his firm's investment thesis. Scaramucci Cheers JPMorgan's Tokenization Push Scaramucci highlighted the report about JPMorgan issuing $50 million in U.S. commercial paper for Galaxy Digital Inc. (NASDAQ:GLXY) directly on Solana, one of the first instances of a major global bank using a public blockchain to issue and service securities.

Anthony Scaramucci Applauds JPMorgan's Blockchain Move, Calls It 'Good News' For His Solana And Avalanche Investment Thesis

JPMorgan created the Solana-based USCP token to facilitate sales of short-term corporate debt, beginning with Galaxy.

JPMorgan creates Solana-based USCP token to facilitate ‘landmark' Galaxy debt offering

JP Morgan Chase & Co (NYSE:JPM) has taken a major step towards blockchain adoption by issuing $50 million in U.S. commercial paper for Galaxy Digital directly on the Solana (CRYPTO: SOL) network.

JP Morgan Issues $50 Million Commercial Paper Debt On Solana

Galaxy's onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana

SkyBridge Capital founder Anthony Scaramucci reignited the Solana (CRYPTO: SOL) versus Ethereum (CRYPTO: ETH) debate, arguing Solana could eventually overtake ETH in market value. Scaramucci Says Solana May Outpace Ethereum's Market Cap Speaking at Solana's Breakpoint conference, Scaramucci said he expects Solana to "flip Ethereum," arguing the network is expanding faster by developer activity, user growth and throughput capacity.

Anthony Scaramucci Is 'Not Chain Monogamous', Predicts Solana Will 'Flip' Ethereum

The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets.

DYdX Launches Solana Spot Trading, Opens Access to U.S. Users

While its perpetual contracts remain unavailable to U.S. traders, dYdX Labs said it will track regulatory developments from the SEC and CFTC.

Spot trading rollout opens dYdX to US-based traders for first time, starting with Solana

Solana (CRYPTO: SOL) is all set for a 10% rebound after Coinbase Global Inc. (NASDAQ:COIN) announced a major upgrade allowing users to trade all Solana-based tokens through a decentralized exchange interface inside the Coinbase app. Coinbase Expands Access To Solana's Token Ecosystem Speaking at Solana's Breakpoint 2025 conference in Abu Dhabi, Coinbase detailed a new system that lets users buy and sell any asset issued on Solana directly through DEX rails without requiring an official exchange listing.

Coinbase's Solana Move Sets SOL Up For A 10% Rebound—Under One Condition

Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) and its subsidiary, SurancePlus, announced Thursday that they have partnered with Alphaledger to bring tokenized reinsurance securities to the Solana blockchain.

Oxbridge-SurancePlus Bring Tokenized Reinsurance To Solana In Blockchain Partnership

Financial technology firm enables SEC-registered companies to raise capital on Ethereum and Solana using stablecoins, streamlining public market infrastructure. Superstate announced its Direct Issuance Programs, allowing public companies to conduct capital raises directly on blockchain platforms.

Superstate Launches Onchain Direct Issuance Programs for Tokenized Shares on Solana and Ethereum

The Tokenization Regatta aims to allocate funds and support to projects bringing tokenized real-world assets to the Solana network.

Sky's Keel Starts $500M Investment Campaign to Boost RWAs on Solana

The fund offers exposure to physical gold bars vaulted and insured in Singapore, with traditional custody and an option for in-kind redemption.

Marketnode, Lion Global Bring Singapore-Vaulted Gold Fund Onchain on Solana

Gelephu Mindfulness City introduces sovereign gold-backed digital token TER, leveraging Solana blockchain to bring physical gold into the digital realm. Bhutan announced the launch of TER, a gold-backed digital token, on December 11, 2025, through Gelephu Mindfulness City (GMC).

Bhutan Launches Gold-Backed Digital Token on Solana Blockchain

The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.

Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout

The launch adds to Bhutan's broader blockchain push, including Bitcoin reserves, Binance Pay integration and hydro-powered BTC mining.

Bhutan Launches Sovereign Gold-Backed Token on Solana

The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.

Bhutan Debuts TER Gold-Backed Token on Solana

Trump Billionaires Club on iOS and Android will launch by year's end and offer $1 million worth of the president's meme coin as rewards.

Official Trump Crypto Game Revealed With $1 Million in Solana Meme Coin Rewards

The fund will run on Solana at launch and use PYUSD.

State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026

Bitcoin and ether exchange-traded funds (ETFs staged a powerful rebound on Tuesday, posting a combined $330 million in inflows. Solana and XRP also joined the rally, delivering an all-green day across U.S. crypto ETFs. Bitcoin and Ether ETFs Surge as Markets Turn Fully Green The crypto ETF market lit up green on Tuesday, Dec.

News for Solana Crypto (SOL)