Solana News

Solana (SOL) was launched in 2020 by Anatoly Yakovenko as a high-performance blockchain designed to support thousands of transactions per second through its innovative Proof of History consensus mechanism combined with Proof of Stake. Built to compete directly with Ethereum, Solana offers developers fast transaction speeds and low fees, making it attractive for DeFi applications, NFT marketplaces, and Web3 gaming platforms.

The Solana ecosystem has rapidly expanded to include major DeFi protocols like Serum and Raydium, popular NFT collections, and gaming projects that leverage the network's speed and cost advantages. Despite experiencing several network outages that raised questions about decentralization and stability, Solana has maintained strong developer activity and institutional backing, with SOL serving as both a utility token for transaction fees and a staking asset for network security.

At CoinDesk, we cover comprehensive Solana news from protocol developments and network performance to the thriving NFT and DeFi ecosystems built on the platform. Our reporting tracks Solana's technical improvements, major partnerships, institutional adoption, and the ongoing efforts to address network reliability concerns while maintaining its competitive edge.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

Bitcoin Below $39K After EU Vote on Crypto Regulation

The cryptocurrency was little changed Monday and is up 2% over the past week.

By Brian EvansMar 14, 2022

Bitcoin was little changed Monday and is up 2% for the day.

Finance

Pantera, Animoca Brands Co-Lead $10M Investment in Metaverse Game Studios

Solana Ventures and Everyrealm were also leaders of the financing round for the creator of blockchain game Angelic.

By Brandy BetzMar 14, 2022

Finance

Solana-Based NFT Marketplace Magic Eden Raises $27M Series A

The round was led by Paradigm and included contributions from Sequoia and Solana Ventures.

By Jamie CrawleyMar 14, 2022

Iguazu Falls, Argentina. (Julia Caesar/Unsplash)

Finance

This Mila Kunis-Backed TV Show Lets NFT Holders Choose the Plot

The animated series is Kunis’ latest project at the intersection of Hollywood and blockchain.

By Eli TanMar 14, 2022

Mila Kunis (Rich Polk/Getty Images for IMDb)

Markets

Market Wrap: Cryptos Mixed Amid Global Uncertainty

Price gains were short-lived, although some analysts expect a relief rally if war-related conditions ease.

By Damanick DantesMar 11, 2022

Markets

Crypto-Fund Inflows Tripled Last Week to Highest in Almost Three Months

A net $127 million went into digital-asset funds during the week ended March 4, with minor outflows in Europe and large inflows in the Americas.

By Angelique ChenMar 7, 2022

A net $127 million of inflows into digital-asset funds last week was the highest in almost three months. (CoinShares)

Markets

First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline

The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.

By Amitoj Singh, Damanick Dantes, James RubinMar 3, 2022