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 prediction market is rolling out tokenized contracts on Solana to meet crypto traders where they already are, Kalshi told CNBC.

Kalshi Launches Tokenized Event Bets on Solana Blockchain: CNBC

Ryan Navi, who previously served at ParaFi Capital as managing director and head of venture, will lead Forward's SOL treasury strategy.

Largest Solana treasury recruits ParaFi Capital exec after over 40% plunge in holdings value

Bitcoin

Ethereum

Ether ETFs roared back to life with their strongest week in a month, while bitcoin funds ended a four-week outflow streak and solana funds extended their multi-week surge. Across all three sectors, the tone shifted decisively toward accumulation.

Ether ETFs Lead Weekly Gains as Bitcoin and Solana Stay Green

Litecoin

The withdrawals come ahead of CoinShares' planned U.S. public listing via a $1.2 billion SPAC merger with Vine Hill Capital.

CoinShares withdraws US spot ETF filings for XRP, Solana and Litecoin ahead of Nasdaq listing

CoinShares filed on Friday to withdraw its plan to launch three exchange-traded funds, as the European cryptocurrency firm plans to focus on higher-margin opportunities ahead of its U.S. listing.

CoinShares pulls plug on select crypto ETFs ahead of US listing

Wallet interfaces typically summarize instructions as a single swap, and the bundled transaction executes atomically—meaning users unknowingly sign off on both.

Solana Traders Hit by Months-Long Browser Malware That Skimmed Every Swap

Cybersecurity firm Socket warns the extension masks a second transaction instruction that quietly skims SOL from routine swaps.

Malware Chrome Extension Secretly Siphoned Fees From Solana Traders for Months

Bitcoin and ether exchange-traded funds (ETFs) closed the day in the green, posting combined inflows of more than $80 million, while solana's multi-week inflow streak came to a sudden halt. A sharp exit from one major SOL product outweighed otherwise healthy demand across the sector.

Crypto ETFs Split: Bitcoin and Ether Rise as Solana Sees Sharp Exit

Solana ETFs recorded their first-ever outflow of $8.1M amid a broader crypto market recovery, breaking a three-week streak of inflows.

Spot Solana ETFs Post First Red Day Since Launch

South Korea's largest crypto exchange halted services and shifted assets to cold storage after detecting unauthorized withdrawals.

South Korea's Upbit Reports $36 Million Loss in Solana Hot-Wallet Breach

Upbit identified 540 billion won worth of abnormal withdrawal of various assets on the Solana network from the platform.

Upbit suffers $37 million hack on Solana assets, halts withdrawals

Upbit has suspended digital asset withdrawals after detecting irregular activity involving Solana network tokens.

Korea's Upbit Suspends Deposit And Withdrawal Service After Abnormal Activity in Solana Tokens

The Solana-focused digital asset treasury firm said proceeds will support its capital strategy as falling crypto markets weigh on corporate token treasuries.

Nasdaq-listed Upexi prices up to $23 million in private offerings as Solana treasuries whipsaw with crypto markets

SOL closed the week with a 1% loss, but it could have been worse after it sank below $125 before bouncing back to $136.

Solana News: Coinbase, Tensor and SEC Cook as Markets Bounce

Bitcoin ETFs slipped back into heavy outflows to start the week, while ether ETFs staged a strong recovery, and solana products pushed their inflow streak even higher. The day delivered a sharp divergence in investor behavior across the three major asset classes.

Ether, Solana ETFs See Strong Inflows as Bitcoin Retreats

Experts cite regulatory clarity and selective institutional reallocation as being behind recent capital inflows into XRP and Solana ETFs.

Altcoin ETFs Including XRP, Solana in Green Amid Crypto Market Uncertainty

The combined spot XRP ETFs registered $164 million worth of net inflows for the day, outperforming their BTC, ETH, and SOL counterparts.

Grayscale and Franklin XRP ETFs each clock over $60 million in day-one inflows as group outshines BTC, ETH, and SOL funds

One analyst said the inflows set the stage for Solana's potential price rebound once the broader de-risking in the crypto market settles.

Spot Solana ETFs log 20 consecutive days of net inflows since debut

Dogecoin

Franklin Crypto Index ETF's move from a bitcoin-and-ether focus to a wider lineup, including XRP and solana, underscores accelerating demand for broader digital-asset exposure as its benchmark expands, opening investors to stronger momentum across leading cryptocurrencies. Franklin Crypto Index ETF Expands Portfolio Scope Franklin Crypto Index ETF (CBOE BZX: EZPZ) filed with the U.S.

Franklin Crypto Index ETF Expands Multi-Asset Scope With XRP, SOL, DOGE Entering Mix

Solana prices rallied sharply on Monday, November 24, climbing to almost $140 as the crypto markets seemingly bounced back.

Solana Approaches $140 As Crypto Markets Regain Momentum

It was another bruising week for bitcoin and ether ETFs, both of which posted deep outflows, while solana ETFs once again stood out as the lone winner. ETF Markets Split: Bitcoin and Ether Sink as Solana Stays Green Some weeks tell a story before the numbers even settle.

Bitcoin Bleeds, Ether Struggles, Solana Shines in Weekly ETF Flows

With 80% of SOL holders underwater and $239M in longs at risk, analysts warn of panic selling but see long-term value in ETF inflows.

Solana Holders Under Pressure as Sell-Off Deepens

Sunrise is a liquidity gateway designed to be the "canonical route" for bringing external assets, like Monad's MON token, to Solana.

Wormhole Labs unveils ‘Sunrise' gateway to bring MON and other assets to Solana

Wormhole Labs introduced the Sunrise platform on Sunday with the aim of becoming the primary entry point for new digital assets into the Solana ecosystem.

Sunrise Debut Streamlines Solana Token Imports as Monad Goes Live

After a bruising week of historic outflows, the exchange-traded fund (ETF) market finally took a breath. Bitcoin, ether, and solana ETFs all closed Friday in the green, signaling a welcome shift in sentiment.

News for Solana Crypto (SOL)