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

A freshly created wallet deposited 6.68 million USDC into Hyperliquid and opened 20x leveraged short positions against bitcoin, solana and ether worth a combined $48 million. Anatomy of the Bet Onchain analytics firm Lookonchain reported that the wallet, labeled 0xaeaa, moved 6.68 million USDC onto Hyperliquid before opening the shorts.

A Whale Just Opened $48 Million in Shorts Against Bitcoin, Solana and Ethereum

Toss Bank and Solana will work on a proof-of-concept for overseas remittances and payments involving stablecoins.

South Korea's Toss Bank to test blockchain-based financial infrastructure on Solana

Morgan Stanley has filed fresh amendments for its proposed ethereum and solana ETFs, revealing 0.14% sponsor fees for both funds. The filings also show plans to stake part of the assets through Figment, Galaxy, and Coinbase Canada.

Morgan Stanley Sets 0.14% Fee on Amended Ethereum and Solana ETFs Filing

The disclosure of additional amendments typically reflects active communication with the SEC and progress in the launch process.

Morgan Stanley files amendments for ETH and SOL ETFs, revealing lowest fees in market

Kraken launches onchain DEX trading to give customers access to thousands of tokens across the Solana ecosystem.

Kraken integrates Solana DEX trading into core app, with support for additional networks planned

The ratings giant is embedding credit scores directly into blockchain-based securities, a move aimed at boosting institutional adoption.

Moody's rolls out credit ratings on Solana in tokenized asset push

Solana (CRYPTO: SOL) has clocked $100 million in SpaceX (NASDAQ:SPCX) tokenized stock volume in 24 hours, more than all tokenized equities traded across August and September last year combined. SpaceX Tokenized Trading Is Turning Solana Into A Derivatives Powerhouse The SPCX trading explosion on Solana spans multiple products.

Can SpaceX Save Solana? Tokenized SPCX Stocks Rack Up $100 Million In Trading Volume

The long-awaited U.S.–Iran peace agreement sparked a rally in top tokens in the cryptocurrency market, but the biggest gains didn't come from Ethereum (CRYPTO: ETH) or Bitcoin (CRYPTO: BTC). Solana Outperforms The Biggies Over the past week, Ethereum advanced by nearly 9% and Bitcoin rose 5.89%, as investors boosted risk exposure amid hopes for prolonged global peace.

Solana Beats Bitcoin And Ethereum As SpaceX IPO Drives Tokenized Trading Boom

Market commentator The Kobeissi Letter highlighted on Tuesday a record surge in tokenized stocks on Solana (CRYPTO: SOL), led by strong demand following Space Exploration Technologies Corp. (NASDAQ:SPCX)‘s blockbuster IPO. SpaceX Accelerates Tokenization Push Kobeissi Letter drew attention to $4.3 billion in on-chain volume of tokenized stocks over the last 30 days, citing data from asset tokenization analytics platform rwa.xyz.

SpaceX Drives 'Historic' Surge In Tokenized Stock Trading, Market Commentator Says: 'Solana Dwarfed All Other Chains'

Pump.fun

The platform's fall from grace is best reflected in the PUMP token itself, which is down 40% in the last six months alone.

Pump.fun activity craters 80% in three months, dragging Solana fees lower as traders rotate into perps

Solana DAT stocks are moving on Tuesday as the largest SOL DAT Forward works to keep its acquisition bids alive.

Forward Solana treasury stock jumps 8% as smaller DATs reject acquisition bids

Ethena 

Securitize has expanded its tokenized AAA CLO fund, STAC, to Solana, with Ethena Labs planning a $250 million allocation. The move adds one of the largest tokenized structured credit commitments yet to Solana's growing real-world asset market.

Securitize Brings AAA CLO Fund to Solana as Ethena Commits $250 Million

A US-Iran deal pulled oil lower and lifted stocks, but bitcoin's bounce is hesitant. ETF outflows just paused after a record run, and analysts say the market wants the deal signed before pricing it in.

Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing

Forward Industries is offering to acquire Solana DAT competitors at a premium as their mNAVs slip along with the declining price of SOL.

‘There's room for win-win outcomes': Largest Solana treasury firm Forward looks to acquire smaller SOL DATs

Forward Industries has been unsuccessful on all three recent attempts to combine with rival publicly traded Solana treasury firms.

Solana Treasury Firm Forward Industries Keeps Trying to Acquire Rivals—But Nobody's Biting

Michael Saylor argues that investor confidence in Ethereum (CRYPTO: ETH) has collapsed as the token fights Solana (CRYPTO: SOL) and BNB (CRYPTO: BNB) in a battle that has drained all three of their monetary premium. Saylor Says Bitcoin Dominance Climbed From 41% To 70% While ETH Lost Its Premium Excluding stablecoins, Bitcoin's (CRYPTO: BTC) market dominance climbed from roughly 41% in 2021 to nearly 70% today, Saylor said at the Bitcoin Corporate Day event on June 15.

Michael Saylor Chimes In On Ethereum, Solana, BNB Altcoin Battle: Who's Going To Win It?

Ondo 

Exodus partnered with Ondo on to launch tokenized trading of 200+ stocks and ETFs directly on the Solana blockchain.

Exodus, Ondo launch tokenized markets with 200-plus stocks and ETFs on Solana

STAC is one of Securitize's in-house offerings that provides onchain access to institutional-grade, floating-rate structured credit.

Ethena Labs to allocate $250 million to Securitize's Tokenized AAA CLO Fund as it deploys on Solana

Solana (CRYPTO: SOL) Foundation President Lily Liu said on Thursday that tokenized shares of SpaceX will be available on the blockchain as soon as the company lists publicly elsewhere. Solana Set To Welcome SpaceX During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise.

Elon Musk's SpaceX Is Coming To Solana Via Tokenized Shares, Says Foundation President

Bitcoin (CRYPTO: BTC) could eventually reach $1 million, but its path to a new all-time high may require a major catalyst that reinforces its role as decentralized financial infrastructure, according to a Morgan Stanley (NASDAQ:MS) executive. “We're Still Early Stage Here“ Speaking on the Coin Stories podcast, Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said Bitcoin's long-term adoption story remains in its early stages even as major financial institutions continue building products around the asset.

Bitcoin Needs A New Catalyst, Ethereum, Solana, XRP Have Distinct Appeal, Top Morgan Stanley Exec Says

The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.

SpaceX stock is coming to Solana on the same day it lists on Nasdaq

Solana (CRYPTO: SOL) Foundation President Lily Liu noted that the recent weakness in Bitcoin (CRYPTO: BTC) is being driven less by crypto-specific problems and more by capital rotating into AI and other high-growth opportunities. Capital Rotation Behind Price Downfall Liu argued on CNBC on Wednesday that over Bitcoin's 17-year history, it has risen from mere cents to tens of thousands of dollars, reaching as high as $120,000 during the latest cycle.

SpaceX IPO Driving Capital Rotation From Crypto Into AI, Solana Foundation President Says

BTC's dominance rate has risen from last week's low, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle.

Bitcoin advances, holds above key technical level that ether, solana can't break through

CME Group has launched Nasdaq CME Crypto Index futures, giving investors a regulated way to trade and hedge broad exposure to major digital assets. The contracts settle against a Nasdaq-CME benchmark covering some of the largest and most actively traded cryptocurrencies.

CME Group Launches Crypto Index Futures Tracking Bitcoin, Solana and XRP

Solana-based decentralized exchange Raydium will repay the funds swiped in the $1.34 million exploit using its treasury.

News for Solana Crypto (SOL)