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

SINGAPORE – Institutional investors are quickly embracing CME's futures for XRP (XRP) and solana (SOL), both launched earlier this year, alongside steady growth in bitcoin (BTC) and ether (ETH) derivatives, according to Tim McCourt, the exchange's Global Head of Equity & FX Products.

XRP Futures See Institutional Adoption, Solana Futures Hit $1B OI in 5 Months, Outpacing Bitcoin and Ether: CME Group

The Nasdaq-listed Solana-focused treasury firm has added another high-profile crypto figure to its advisory board.

Solana-centric Upexi taps SOL Big Brain for advisory committee alongside Arthur Hayes

Investment platform Republic revealed plans on Wednesday to tokenize shares of crypto venture firm Animoca Brands on the Solana (SOL) blockchain, a move aimed at opening investor access through blockchain rails.

Republic to Tokenize Animoca Brands Equity on Solana to Broaden Investor Access

The SEC issued a "no action" letter to DoubleZero, saying that that its 2Z token does not resemble a security, days before its planned debut.

What an SEC No Action Letter Means for Solana DePIN Token DoubleZero

Litecoin

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Visa pilots stablecoin payments, Bloomberg's LTC, SOL and XRP ETF approval odds hit 100%, and more

If the U.S. government shuts down this week, several long-awaited cryptocurrency exchange-traded funds (ETFs) — including funds for solana SOL) and litecoin (LTC) — could be thrown into limbo just as they near the finish line.

Here's What Happens to Solana, Litecoin ETFs in U.S. Government Shutdown

Anchorage Digital will incorporate Solana swap and liquidity aggregator Jupiter into its institutional, self-custody wallet Porto.

Anchorage Digital Expands Institutional Access to Solana DeFi With Jupiter Integration

Balchunas' comments follow a slew of recent 19b-4 withdrawals for Solana, XRP, Cardano, Litecoin, Dogecoin, Polkadot, and Hedera ETFs.

Bloomberg analyst puts odds of Litecoin, Solana and XRP ETF approvals at 100% after 19b-4s rendered ‘meaningless'

Solana's total value locked (TVL) slipped 4% to $11.4 billion, but still maintains a clear lead over BTC in third.

Solana News: Token2049 Takes Over, ETF Approval Odds Rise

Crypto.com and Sharps Technology, Inc. (STSS) announced a partnership to bolster Solana ecosystem growth by deploying the platform's institutional-grade custody and OTC services to manage STSS's solana-focused digital asset treasury. STSS, which holds over 2 million SOL—valued at more than $400 million with SOL trading above $200—will use Crypto.

Crypto.com Partners With Sharps Technology to Manage $400M+ Solana Treasury and Boost Ecosystem Liquidity

A Solana ETF may be nearing approval after changes to SEC procedures stripped away the old review timeline, one expert thinks.

Solana ETF Approval Odds Now a Certainty, Eric Balchunas Says

Solana planted a $13.5 billion flag in real-world assets (RWAs), with stablecoins in mix, and Redstone's latest report says that puts the chain in pole position for Internet Capital Markets. Redstone Analysis: Solana's Tokenized Assets Top $13.

Redstone Report: Solana's RWA Engine Rooms Light up With $13.5B Onchain

Dogecoin

A new SEC rule around altcoin ETFs may have an impact on the upcoming ETFs of cryptocurrencies such as Litecoin (CRYPTO: LTC), XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Dogecoin (CRYPTO: DOGE). What Happened: CryptoAmerica journalist Eleanor Terrett reported on Monday that the SEC had asked altcoin ETF applicants to withdraw their 19b-4 filings.

XRP, Solana, Dogecoin ETF Filings Withdrawn As SEC Initiates Shift: Bullish Or Bearish?

Solana price analysis by Coinidol.com. The bulls bought the dips, but the price continues to fluctuate within the bearish trend zone.

Solana Backtracks As It Hits The $205 Barrier

While investors pulled out over $1.1 billion combined out of Bitcoin and Ethereum funds last week, Solana and XRP stayed green.

ETF Investors Turn Bearish on Bitcoin, Bullish on XRP and Solana: CoinShares

In a bold shift for Solana's (SOL) scaling roadmap, Jump Crypto's Firedancer development team has submitted a proposal, known as SIMD-0370, that would remove the block-level compute unit limit.

Firedancer Devs From Jump Crypto Pushes Solana Toward Bigger Blocks

Solana (CRYPTO: SOL) is up 3% over the past 24 hours to $205 on Monday morning, despite exchanges seeing about $34.7 million in net outflows, according to Coinglass. Will SEC's October 10 Call Make Or Break Solana?

SOL Up 3% But $34M Solana Outflows Raise Alarms Ahead Of ETF Decision

The platform aims to solve fragmented OTC crypto options markets, allowing institutional investors to execute strategies 24/7.

FalconX rolls out 24/7 OTC crypto options trading with BTC, ETH, SOL and HYPE at launch

Crypto markets rebounded over the weekend, lifting Solana, Dogecoin and XRP as short covering fueled gains across altcoins, Decrypt was told.

Solana, Dogecoin and Others Lead Gains as Short Liquidations Top $260M

The new proposal seeks to scrap Solana's 60 million compute unit cap, letting block size scale with validator hardware.

Solana Developers Consider Removing Block Limits Post-Alpenglow Upgrade

The change would allow high-performance validators to fit more transactions into a single block, earning more revenue and scaling the network's capacity.

Jump's Firedancer team proposes uncapping Solana blocks after Alpenglow upgrade

Asset managers have amended their spot Solana ETF filings to incorporate staking rewards, with analysts saying the funds could launch within weeks.

Analysts say Solana ETFs could be weeks away following flurry of amended filings

Hashdex Asset Management and Nasdaq Global Indexes said it has expanded its ETP to include other cryptocurrencies, including XRP and Solana.

Hashdex expands crypto ETF to include XRP, Solana after SEC greenlights broader listing standards

A rough early session for crypto markets took a turn for the worse in U.S. afternoon hours Thursday, with bitcoin (BTC) tumbling below $109,000, its weakest price in nearly a month.

Crypto Liquidations Top $1B as Bitcoin, Ether, Solana Selloffs Worsen

AIQuant promises 24/7 autonomous trading across multiple blockchains, aiming to simplify and gamify algorithmic strategies via AI.

News for Solana Crypto (SOL)