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 publicly traded company recently bought 19,000 SOL, bringing its treasury to more than 2.33 million SOL and SOL equivalents.

Solana Treasury DeFi Development Corp Eyes $20 Million Raise to Buy More SOL

A wallet tied to the Official Trump meme coin team moved another 11.01 million SOL, worth $26.65 million, continuing a pattern of large transfers ahead of a scheduled token unlock. Another Big Move From a Familiar Wallet Onchain sleuths flagged the latest transfer, noting that the Official Trump Meme Team wallet sent out another 11.

Trump Meme Team Moves $26.65M in SOL Ahead of Token Unlock

The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.

DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL

Bitwise's solana staking exchange-traded fund (ETF) has crossed $1 billion in assets just 10 months after launch, making solana one of only three crypto assets with an ETF above that threshold. The milestone comes as SOL rebounds sharply and major financial firms expand access to the token.

Bitwise's Solana ETF Hits $1 Billion AUM Just 10 Months After Launch

Less new supply of SOL will reach the market every year, which also means validators will earn less for the same amount of work.

Solana fees hit record as validators double pace of inflation cuts

OpenSea has added support for Solana NFTs, allowing users to buy, sell, and trade the blockchain's digital collectibles on its platform.

OpenSea adds Solana NFT trading more than four years after initial beta

Bitcoin

Ethereum

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are retreating from their recent highs, but experienced trader DonAlt says the first pullback after the explosive rally has yet to invalidate the bullish market structure. Why Crypto Can Go "Sideways/Up" “Nothing's really changed,” DonAlt said in a podcast on Aug. 29, noting that BTC's weekly chart has barely deteriorated following one of its strongest recent upside impulses.

BTC, ETH, SOL Pull Back After Explosive Rally but 'Nothing's Broken Yet,' Top Trader Says

As of this weekend, the digital asset solana (SOL) is closing August with its first monthly win in nearly a year, as institutional money, a tighter future token supply, and record network activity drove SOL back above $100 per coin. The token traded near $106 on Sunday afternoon after touching $110.38 on Aug.

Solana Breaks 10-Month Curse as Institutional Money Storms In

Avalanche

Chainlink

Charles Schwab is adding Solana, Avalanche, and Chainlink to its Schwab Crypto platform in the coming months, building on its existing bitcoin and ethereum offerings. The post Charles Schwab Expands Crypto Platform Adding Solana Avalanche and Chainlink appeared first on The Daily Hodl.

Charles Schwab Expands Crypto Platform Adding Solana Avalanche and Chainlink

The crypto market cap ended the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, contrasting with the previous week's $500 billion expansion.

Crypto Weekly: Solana Leads Altcoin Gains as XRP and DOGE Slide

SGP-0002, which proposed to double Solana's disinflation rate from 15% to 30%, passed in the nick of time, as Helius CEO Mert Mumtaz resorted to old politics, contacting validators to change their votes after it seemed the proposal would not gather enough support to reach implementation.

Helius CEO Secures Last-Minute Votes to Slash Solana Inflation

The "Double Disinflation" proposal squeaked through by a razor-thin margin after Kraken nearly sank it, while a separate fee-burning measure failed.

Solana Will Now Print Less SOL as Disinflation Vote Passes in Dramatic Fashion

The brokerage will expand Schwab Crypto trading to Solana, Avalanche, and Chainlink, but has not given a launch date for the three tokens.

Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum

Solana's first network-wide vote went down to the wire, with a Kraken-linked validator switching sides before the disinflation proposal narrowly passed.

Solana vote to double disinflation passes by a hair in dramatic finish

The Bitwise Solana Staking ETF (ticker BSOL) crossed $1 billion AUM on Friday, less than a year after its launch.

Bitwise fund is first Solana ETF to hit $1 billion AUM

Two majors proposals are set to pass, its leading DATs are back, and Schwab is offering SOL to its clients—quite the setup for Solana.

Morning Minute: Solana Jumps with Network Inflation Set to Drop

All three proposals have cleared quorum, but a plan to slow new SOL creation is only narrowly passing while a separate vote to sharply increase token burns remains below the two-thirds support needed.

Solana's faster supply cuts lead vote while $800,000 daily burn plan trails

Every major but HYPE gained over 24 hours, capping a week that added 9% to bitcoin and 20% to solana.

Bitcoin holds $80,000, solana leads majors higher before Warsh's Jackson Hole debut

Bitcoin;s (CRYPTO: BTC) breakout above $80,000 has boosted the altcoin market, with 19 of the 20 largest liquid altcoins joining the rally, according to a Bitfinex report on Thursday. What Drove BTC Rally?

Ethereum, XRP, Solana Up Over 40% in 2 Weeks but 1 Altcoin Misses the Crypto Party

There's been a great deal of institutional interest in crypto assets over the last two years, and on Thursday, the $13 trillion asset manager Charles Schwab announced that it is expanding its digital asset listings beyond bitcoin and ethereum.

$13T Asset Manager Charles Schwab Adds 3 Altcoins to Its Crypto Push

Charles Schwab (NYSE:SCHW) on Thursday announced plans to add Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Chainlink (CRYPTO: LINK) boosting SOL as much as 5% intraday. What Schwab Is Actually Adding According to a Schwab press release, the three tokens join Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) already available on Schwab Crypto since May 2026.

Solana Surges 5% as Charles Schwab Adds SOL, AVAX, LINK to Crypto Platform

MoonPay added Solana lending protocol Kamino to its PayBox AI-focused payment vault, allowing eligible users to lend tokens or borrow against crypto collateral through conversations with ChatGPT or Claude.

MoonPay's newest integration lets AI agents handle crypto lending on Solana

DFDV's return has been more than twice that of SOL in the month of August, while quarter-to-date, shares have outperformed SOL by 1.8x.

DeFi Development Corp resumes Solana purchases, acquiring nearly 20,000 SOL

Solana is up more than 8% in 24 hours and 44% on the month. Coming changes to the network could add a supply squeeze to the mix.

Solana Is Having Its Best Month Since 2024—With a Historic Governance Vote on Deck

Schwab Crypto began rolling out to clients in May with direct access to BTC and ETH trading and charges 75 basis points per transaction.

News for Solana Crypto (SOL)