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.

Solana News

Merkado

Altcoins Surge as Crypto Market Regains Steam

AVAX climbed 24% to hit a record of $79.58.

Ni Lyllah LedesmaSet 23, 2021

24-hour AVAX price chart (Messari)

Pananalapi

Why Civic Technologies Is Building DeFi Identity Tools on Solana

Solrise Finance will host the Civic Pass, which aims to make DeFi chime with institutions.

Ni Ian AllisonSet 23, 2021

Civic Technologies CEO Chris Hart (Civic)

Pananalapi

TRM Labs to Bring Crypto Tracing Tools to Solana

The company is the first of the major crypto trackers to bring its compliance tools to the Solana blockchain.

Ni Danny NelsonSet 23, 2021

TRM Labs co-founders Esteban Castano (left) and Rahul Raina

Pananalapi

Neopets Looks to NFTs to Revive Its Early-Aughts Glory

The virtual pet universe has tapped Solana’s Raydium exchange for an NFT drop high on nostalgia.

Ni Andrew ThurmanSet 22, 2021

The Neopets stall at the Hollywood Radio & Television Society's 10th annual kids day, Aug. 18, 2004. (Frazer Harrison/Getty Images)

Pananalapi

Solana-Based DEX Orca Raises $18M Series A Funding

Orca will use the fresh funding injection to continue developing its automated market maker (AMM).

Ni Jamie CrawleySet 22, 2021

orca, whale

Merkado

Crypto Funds See Inflows, Despite Slower Overall Volumes

Solana, which suffered a network outage that lasted nearly 20 hours last week, saw inflows of $4.8 million.

Ni Lyllah LedesmaSet 20, 2021

Credit: Shutterstock

Merkado

Market Wrap: Bitcoin Traders Take Profits Amid Regulatory Crackdowns

Derivative markets are displaying signs of uncertainty, and concerns about regulation are rising.

Ni Damanick Dantes, Tracy WangSet 17, 2021

Bitcoin 24-hour chart (CoinDesk)

Pananalapi

Katy Perry, Chainsmokers, Pusha T Plow $5M Into Music Streaming Platform Audius

The leading blockchain-based music platform is getting attention from the stars.

Ni Helene BraunSet 16, 2021

INGLEWOOD, CA - MARCH 11: Andrew Taggart (L) and Alex Pall of The Chainsmokers accept Best Collaboration for 'Something Just Like This' onstage during the 2018 iHeartRadio Music Awards which broadcasted live on TBS, TNT, and truTV at The Forum on March 11, 2018 in Inglewood, California. (Photo by Christopher Polk/Getty Images for iHeartMedia)

Pananalapi

Solana-Based Music Marketplace Launches With Aspirations to Tokenize Royalties

Solo Music follows 3LAU’s Royal platform as music-industry crypto experimentation continues.

Ni Jamie CrawleySet 16, 2021

(OSABEE/Shutterstock)
Mga video

JST Capital Co-Founder on Embracing Bitcoin's Volatility

Scott Freeman, a partner and co-founder of crypto services firm JST Capital based in the U.S. and Singapore, discusses his crypto markets assessment and outlook, explaining why he likes volatility. "The more volatility, generally, the better we do in the markets," Freeman said, although he claims bitcoin's current rangebound nature is challenging the volatility strategy. Plus, his take on Solana, DeFi landscape, crypto regulation, and more.

Set 16, 2021

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