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

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

Ethereum

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.

Ethereum, Solana treasury firms Sharplink and Forward join Russell indexes

Umbra and Streamflow launch private token vesting on Solana, letting projects distribute tokens confidentially at scale.

Solana privacy layer Umbra launches confidential vesting with Streamflow targeting $97B token unlock market

Aptos

The TrapDoor malware campaign used malicious packages across npm, PyPI, and Crates.io to target crypto developer environments.

Researchers flag TrapDoor malware campaign targeting crypto developer environments including Aptos, Sui and Solana

Bitcoin

Institutional selling pressure remained firmly in control on Tuesday as bitcoin ETFs posted another major wave of outflows, while ether funds extended their losing streak to seven consecutive sessions. In contrast, solana and XRP ETFs continued to attract modest but steady inflows, reinforcing a growing divide in investor sentiment across the crypto market.

Blackrock Drives $331M Bitcoin ETF Outflow as XRP and Solana Funds Attract Inflows

Solana's tokenized real-world asset market expanded 43% in the first quarter, even as broader crypto markets weakened. Application revenue remained resilient, while developers pushed ahead with infrastructure upgrades to dramatically improve network speed and scalability.

Solana Real-World Assets Hit $2B as Tokenized Assets Fuel Ecosystem Growth

A solana staker who locked up nearly a million tokens five years ago has now offloaded more than $137 million worth of sol, but still has $32 million staked. Five Years Staked, One Year Selling A veteran solana holder sold another 30,000 sol for approximately $2.

Solana OG Who Staked for Five Years Has Quietly Cashed out $137 Million in SOL

CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.

XRP and Solana funds attract inflows as bitcoin outflows hit nearly $1 billion

Banking behemoth Goldman Sachs Group, Inc. (NYSE:GS ) sold all its Solana (CRYPTO: SOL) and XRP (CRYPTO: ETF) exchange-traded fund holdings in the first quarter, according to its latest 13F filing released Friday.

Goldman Sachs Abandons XRP, Solana ETF Positions, Cuts Exposure In Bitcoin, Ethereum ETF Positions—Find Out More

Wall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments even as the broader crypto market cools down, according to a new report by Messari.

Solana is shedding its memecoin reputation as big banks move billions into its ecosystem

Goldman Sachs exited its XRP and solana ETF positions during Q1 2026 while sharply reducing exposure to ether funds. The bank maintained sizable bitcoin ETF holdings and increased investments in several crypto-linked equities.

Goldman Sachs Exits XRP and Solana ETFs as Bitcoin Holdings Reach $700M

A crypto trader who staked solana for two years and earned $145,000 in rewards still exited with a net loss of $1.05 million. A Loss Despite Earning Staking Rewards The trader's total cost basis stood at roughly $2.91 million.

$1.05M Solana Staking Loss: 21,911 SOL Dumped After 2 Years

In an interview with CoinDesk, the lead engineer at Firedancer gives an update on how the new client, also known as a software, is fairing in the Solana ecosystem.

Jump Crypto's ‘Firedancer' is taking a slow and steady approach to its long-awaited Solana infrastructure rollout

A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March.

Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%

The Solana treasury firm generated $13 million in revenue for the quarter ended March 31, up 319% year over year.

Forward Industries posts over 300% revenue growth but wider quarterly net loss amid SOL markdowns

Forward Industries posted a steep quarterly loss tied to declines in solana's market value, even as the company expanded its SOL treasury strategy and staking operations. The firm now holds nearly 7 million SOL and is positioning itself as a long-term infrastructure player within the Solana ecosystem.

Forward Industries Posts $585M Loss as Solana Treasury Swings Hit Earnings

Crypto ETF markets faced another sharp wave of selling on Wednesday, with bitcoin funds posting their second straight day of heavy outflows and ether ETFs extending their losing streak to three sessions. Solana stood out as the lone area of strength, while XRP products remained inactive.

Blackrock Leads $635M Bitcoin ETF Selloff as Solana Demand Holds Firm

Chinese President Xi Jinping warned Donald Trump of potential conflict over Taiwan during the first U.S. presidential visit to China in nearly a decade.

Solana drops 5%, bitcoin below $80,000 as Xi warns Trump on Taiwan conflict

DeFi Development Corp attributed the growth to 'unconventional' strategies that aligned the company better with the Solana ecosystem.

Solana treasury firm DeFi Development Corp reports 108% yearly growth in SOL per share

Crypto ETF flows turned sharply negative on Tuesday as investors pulled capital from both bitcoin and ether products, signaling a renewed wave of caution across major digital assets. XRP and solana ETFs continued to attract fresh money, extending a growing divergence in institutional positioning. Bitcoin ETFs Trade $1.

Fidelity Leads $233M Bitcoin ETFs Loss as Solana Funds Add $19M

The current near-parity gives both chains another chance to position themselves to capture volume when onchain activity rotates back.

News for Solana Crypto (SOL)