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

October 21, 2021 – Tel Aviv, Israel Play-to-earn gaming platform MonkeyBall has confirmed the conclusion of its recent funding round, during which it managed to raise over $3 million from a slew of venture and angel investors. Participants in the round include an assortment of high-profile firms such as Solana Capital, Republic, NFX, iAngels, Longhash, […] The post Solana Gaming Platform MonkeyBall Raises $3 Million From Crypto's Finest appeared first on The Daily Hodl.

Solana Gaming Platform MonkeyBall Raises $3 Million From Crypto's Finest

Synchrony Finance, a Solana-based asset management protocol, has raised $4.2 million in strategic funding. The post Solana-based asset management platform Synchrony raises $4.2 million appeared first on The Block.

Solana-based asset management platform Synchrony raises $4.2 million

MonkeyBall, a crypto startup building a play-to-earn NFT game based on Solana, has raised $3 million in a seed funding round. The post Solana-based play-to-earn NFT game MonkeyBall raises $3 million appeared first on The Block.

Solana-based play-to-earn NFT game MonkeyBall raises $3 million

The latest DeFi record is coupled with Solana's native SOL token rising by more than 20% in the past 24 hours. 

Total Value Locked in DeFi on Solana Hits Record High Of $12.7B

Over the past 24 hours, Solana's (CRYPTO: SOL) price rose 10.83% to $173.05. This continues its positive trend over the past week where it has experienced a 18.0% gain, moving from $147.12 to its current price.

Solana's Price Increased More Than 10% Within 24 hours

Ethereum

Crypto analyst and trader Michaël van de Poppe is plotting the potential path ahead for smart contract platforms Ethereum and Solana, as well as internet-scale blockchain Elrond. In a new strategy session, Van de Poppe tells his 135,000 YouTube subscribers that he expects Ethereum (ETH) to respect its immediate resistance at $3,900 one more time […] The post Here's What's Next for Ethereum, Solana and Elrond, According to Crypto Trader Michaël van de Poppe appeared first on The Daily Hodl.

Here's What's Next for Ethereum, Solana and Elrond, According to Crypto Trader Michaël van de Poppe

Bitcoin

Macro guru Raoul Pal says three price prediction charts for Bitcoin, Ethereum and Solana are working like “pure magic.” In a new Crypto Banter podcast, the co-founder and chief executive officer of Real Vision compares Bitcoin's current market cycle to that of the on in 2012-13, suggesting a price target of over $250,000 for the […] The post These Bitcoin, Ethereum and Solana Price Prediction Charts Are Pure Magic, According to Macro Guru Raoul Pal appeared first on The Daily Hodl.

These Bitcoin, Ethereum and Solana Price Prediction Charts Are Pure Magic, According to Macro Guru Raoul Pal

A closely followed trader suggests that smart contract platform Solana (SOL) might be the fastest horse in the crypto bull market. The trader known as Cantering Clark shares with his 76,000 followers a snapshot of a collection of different cryptos throughout the day. He notes that even while Bitcoin was receiving all of the attention […] The post Is Solana the Fastest Horse? Veteran Crypto Trader Shows Why SOL May Be Set to Outperform Everything appeared first on The Daily Hodl.

Is Solana the Fastest Horse? Veteran Crypto Trader Shows Why SOL May Be Set to Outperform Everything

A popular cryptocurrency analyst and trader is outlining the path forward for smart contract platforms Solana (SOL) and Ethereum (ETH). The cryptocurrency analyst pseudonymously known as Smart Contracter tells his 173,800 Twitter followers that SOL is set to surge to a new record high after a period of accumulation. “Sol ATH [all-time high] soon anonymous. […] The post Solana Set for New All-Time High While Ethereum Still Has Juice in the Tank – Crypto Analyst appeared first on The Daily Hodl.

Solana Set for New All-Time High While Ethereum Still Has Juice in the Tank – Crypto Analyst

Polkadot

Polygon

A new survey unveils that crypto traders are most bullish on 13 altcoins including Polkadot, Solana and Polygon. The Real Vision Exchange Crypto Survey is designed to track sentiment among investors by allowing participants to scan 30 tokens and choose if they want to have an overweight or underweight allocation for each one. The survey […] The post Crypto Traders Most Bullish on Polkadot, Solana, Polygon and 10 Additional Altcoins: Digital Asset Survey appeared first on The Daily Hodl.

Crypto Traders Most Bullish on Polkadot, Solana, Polygon and 10 Additional Altcoins: Digital Asset Survey

Amid regulatory fears, FTX US won't list NFTs that act like securities—and Solana creators are now scurrying to comply.

Solana NFT Projects Cancel Holder Royalties After FTX US Launch

Solana's (CRYPTO: SOL) price has increased 6.33% over the past 24 hours to $161.79, which is in the opposite direction of its trend over the past week, where it has experienced a 1.0% loss, moving from $163.86 to its current price. As it stands right now, the coin's all-time high is $213.47.

Solana Rises More Than 6% In 24 hours

Cardano

Crypto strategist Michaël van de Poppe is extremely bullish on Polkadot (DOT), while warning several popular altcoins may face further corrections. The trader and analyst tells his 442,000 Twitter followers that DOT appears “programmed” to rise above $100 in the current market cycle. Using a Fibonacci extension model, he outlines $75 and $115 as potential […] The post Top Crypto Analyst Unveils Massive Polkadot Prediction, Issues Cardano, Solana and VeChain Price Alert appeared first on The Daily Hodl.

Top Crypto Analyst Unveils Massive Polkadot Prediction, Issues Cardano, Solana and VeChain Price Alert

The popular Mexican game will be turned into a Solana-based NFT experience, with funds benefiting educational organizations.

FTX to Launch 'NFT Lotería' Game on Solana to Fund Program for Hispanic Engineers

Cosmos

Terra

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As the crypto market approaches new all-time highs, incentive programs continue to prove effective, both for individual protocols and for ecosystems overall This week, we look at Solana, Binance Smart Chain, Terra, and Cosmos

Layer by Layer Issue 11: Solana, Binance Smart Chain, Terra, and Cosmos

Phantom's security upgrades highlight the tug-and-pull between developers trying to simplify crypto's user experience and scammers exploiting their shortcuts.

Solana's Phantom Adds Safety Rails After Scammers Drain Wallets

A popular crypto analyst and trader is predicting a massive run-up for Bitcoin (BTC) and anticipates that smart contract platform Solana (SOL) will also surge. The pseudonymous trader known as Smart Contracter tells his 173,500 Twitter followers that Bitcoin is about to rocket to fresh all-time highs without any deep correction. “No significant BTC pullback […] The post No Significant Pullback in Sight for Bitcoin As Solana Positions for Major Rally – Crypto Analyst appeared first on The Daily Hodl.

No Significant Pullback in Sight for Bitcoin As Solana Positions for Major Rally – Crypto Analyst

Dogecoin

Bitcoin is down today despite an impressive run. Altcoins have taken a bigger hit.

Solana, Dogecoin Hit Weekly Lows as Bitcoin Slows Pace

Avalanche

Macro investor and former Goldman Sachs executive Raoul Pal says four altcoins are closely following the strong adoption curves laid out by leading cryptos Bitcoin (BTC) and Ethereum (ETH). In a new interview on Anthony Pompliano's YouTube channel, Pal names four crypto assets with rapid network adoption trajectories that mirror BTC and ETH. The Real […] The post Four Altcoins Will Follow Bitcoin and Ethereum's Powerful Adoption Curves, Predicts Macro Guru Raoul Pal appeared first on The Daily Hodl.

Four Altcoins Will Follow Bitcoin and Ethereum's Powerful Adoption Curves, Predicts Macro Guru Raoul Pal

On Monday, FTX US announced the launch of its marketplace for non-fungible token (NFT) assets. FTX explained that the marketplace will feature Solana-based NFTs but support for Ethereum-based NFTs is coming in the near future. FTX US Reveals New Solana NFT Market, Plans to Support Ethereum in the Near Future West Realm Shires Services Inc., […]

FTX US Launches NFT Market — Users Can Trade and Mint Solana NFTs, ETH Support on the Way

Digital asset manager CoinShares says Bitcoin (BTC) is taking the lion's share of institutional capital as sentiment in the crypto markets remains upbeat. In their weekly report, CoinShares says that the total amount of crypto assets under management (AUM) is only 5% away from setting all-time highs due to recent positive price action. The firm […] The post Bitcoin Dominates Institutional Capital Flows As Investors Accumulate Ethereum, Solana and Cardano: CoinShares appeared first on The Daily Hodl.

Bitcoin Dominates Institutional Capital Flows As Investors Accumulate Ethereum, Solana and Cardano: CoinShares

You can now buy Solana NFTs with USD on FTX's regulated marketplace, and Ethereum support is on the way.

FTX NFTs Aims to Take On OpenSea—First With Solana NFTs, Ethereum Only 'Weeks Away'

FTX.US has fully launched its marketplace, supporting a range of Solana NFTs — with plans to add Ethereum NFTs. The post FTX US launches marketplace for trading Solana-based NFTs appeared first on The Block.

FTX US launches marketplace for trading Solana-based NFTs

The exchange will allow users to trade, mint, auction and authenticate digital collectibles.

FTX.US Launches Collectibles Arm in Boost to Solana-Based NFTs

A closely followed crypto analyst has mapped out what he thinks Solana's (SOL) route to new all-time highs will look like. The pseudonymous analyst known as Inmortal tells his 87,000 Twitter followers that the smart contract platform bounced nicely off strong support and is currently positioning for a breakout into the $220 price area. “Good […] The post Analyst Plots Solana's Trip to New All-Time Highs, Says He's Accumulating One Altcoin Before a 60% Move appeared first on The Daily Hodl.

News for Solana Crypto (SOL)