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.

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Solana’s SOL Token Nearly Tripled in August as Investors Bet on ‘Ethereum Killers’

Terra’s LUNA and Cardano’s ADA also surged as Ethereum’s scalability issues pushed investors to speculate on alternative DeFi base layers.

Автор Tracy Wang1 вер. 2021 р.

Among the CoinDesk 20 digital assets, Cardano's ADA token boasted the top performance in August, doubling in price. (CoinDesk)

Відео

SOL Hits Record High, Climbs Above $100 as Total Value Locked on Solana Crosses $3B

Programmable blockchain Solana’s SOL token crossed the $100 mark on Monday, drawing a three-figure price for the first time. The cryptocurrency ranked eighth largest by market cap, ahead of Polkadot and stablecoin USDC. "The Hash" team discusses their reading of the SOL rally and the potential outlook for the so-called "Ethereum killer."

30 серп. 2021 р.

Відео

Solana Enters List of Top 10 Cryptocurrencies by Market Cap

Solana’s SOL token is now the 8th biggest cryptocurrency by market value. Toroso Investments CIO Michael Venuto discusses his take on what could be driving the current Solana rally. Plus, his insights into the possible impact of the $1 trillion infrastructure bill on institutional interest in crypto and outlook for bitcoin exchange-traded funds (ETFs).

30 серп. 2021 р.

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SOL Hits Record High, Climbs Above $100 as Total Value Locked on Solana Crosses $3B

SOL draws a three-figure price for the first time as boom in DeFI and NFTs continues and token-burn speculation grips markets.

Автор Omkar Godbole30 серп. 2021 р.

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Solana, Boosted by Move Into NFTs, Enters List of Top 10 Cryptocurrencies by Market Cap

Institutional demand for SOL has increased in recent weeks.

Автор Omkar Godbole29 серп. 2021 р.

Solana COO Raj Gokal, left, and CEO Anatoly Yakovenko

Фінанси

Pyth Launch to Bring Quant Firms’ Market Data to Solana

Backed by an array of high-frequency traders, the data pipeline’s mainnet launch is imminent. But key details like governance structure remain unresolved.

Автор Danny Nelson25 серп. 2021 р.