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.

Finance

Solana Wallet Phantom Nixes Auction for iOS Beta Invites After Community Erupts

Solanaland’s top crypto wallet abandoned its NFT auction hours before the pricey proceedings were set to begin.

By Danny NelsonDec 28, 2021

Markets

Crypto Futures See $300M in Losses After Spot Market Drops

Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.

By Shaurya MalwaDec 28, 2021

Videos

CoinList Releases Survey of Top Crypto Predictions for 2022

Graham Jenkin, CEO of crypto trading platform CoinList, discusses the results from the site's recent survey of top 2022 crypto predictions. Jenkins shares insights into where bitcoin's value will be within a year, the likelihood of Solana and Binance Smart Chain nearing Ethereum’s price, and whether other countries could follow El Salvador's integration of cryptocurrency into their monetary system.

Dec 23, 2021

Videos

Melania Trump Pitches NFT Plans; ‘Cobalt Blue Eyes’ Captivate Crypto Twitter

While former President Donald Trump famously said he’s “not a fan” of bitcoin, his wife is not shying away from crypto collectibles. Former First Lady Melania Trump tweeted Thursday she's launching her own NFT collection on the Solana blockchain, featuring watercolor-style artwork of her cobalt blue eyes. "The Hash" hosts discuss the latest NFT drop captivating Crypto Twitter.

Dec 17, 2021

Finance

Galaxy, Bloomberg Debut Solana Fund for Institutional Investors

Last month’s debut of a SOL price index set the stage for this fund’s launch.

By Danny NelsonDec 15, 2021

Galaxy founder Mike Novogratz (Amir Hamja/Bloomberg via Getty Images)

Finance

Ex Populus Raises $8.5M Amid Fears Web 3 Gaming Is Growing Frothy

The game platform closed the round at a $80 million valuation, a modest sum by today’s standards.

By Andrew ThurmanDec 14, 2021

Finance

Solana Ventures Looks to Boost Web 3 Gaming With Launch of $150M Fund

The initiative tops an earlier $100 million fund raised with FTX and Lightspeed in November.

By Eli TanDec 14, 2021

Markets

Crypto Fund Inflows Slow to $88M as Market Retreats

Bitcoin’s price is down 26% in the past 30 days, suggesting investors continue to see the price weakness as a buying opportunity, albeit at a slower pace.

By Lyllah LedesmaDec 13, 2021

Crypto fund inflows have slowed in recent weeks. (CoinShares)

Markets

Alts Find It Tough to Beat Layer 1 King Ethereum

Big investors looking beyond bitcoin may take their first baby steps into ether, which has so far outperformed its layer 1 alternatives. But for how long?

By Lawrence LewitinnDec 12, 2021