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

Solana Funds Outshined Bitcoin Last Week Amid Down Market

Crypto funds focused on Solana’s SOL token garnered almost $50 million of inflows last week, while bitcoin funds brought in a “paltry” $200,000.

By Lyllah LedesmaSep 13, 2021

CoinShares report shows that crypto funds overall netted inflows last week, despite bitcoin's outflows. (CoinShares)

Videos

E-CNY Problems to Be Solved, China Sees Warning Over NFT Hype

People’s Bank of China outlines e-CNY problems to be solved. China opinion piece voices warning over NFT hype. Solana competitors on the rise. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Sep 13, 2021

Videos

Why is Bitcoin Pulling Back?

Osprey Funds founder and CEO Greg King analyzes the crypto markets and his outlook as bitcoin continues to fade after last week’s sell-off from the $52,000 resistance level, and the upside appears to be limited given signs of slowing momentum.

Sep 13, 2021

Finance

Degenerate Ape NFT Sells for More Than $1M on Solana

The sale is a record for the layer-1 rival to Ethereum.

By Kevin ReynoldsSep 11, 2021

Solana COO Raj Gokal, left, and CEO Anatoly Yakovenko

Markets

Solana Price Surge Likely to Be ‘Decently Organic,’ Says FTX’s Sam Bankman-Fried

The undermarketing of Solana may mean the current rally is built on sturdier ground, the FTX CEO suggested Thursday.

By Jamie CrawleySep 9, 2021

Podcasts

Crypto News Roundup for Sept. 9, 2021

By Adrian Blust, Adam B. LevineSep 9, 2021

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Finance

Solana-Based Game Raises $4.1M to Teach You How to DeFi

DeFi Land is a farm simulator teaching the basics of decentralized finance. Can it be a game-changer for new crypto users?

By Helene BraunSep 9, 2021

Markets

SOL Tops $200 as Google Search Data Shows Peak Retail Interest

Retail investors have a reputation for being the last entrants in a bull run.

By Omkar GodboleSep 9, 2021

Sunny Mountainside (Cristofer Mazimillian/Unsplash)

Videos

MetaMask Surpasses 10 Million MAUs, Becomes World’s Leading Non-Custodial Crypto Wallet

Lex Sokolin, Global Fintech co-head of leading Ethereum software company ConsenSys, discusses what’s behind the huge growth of user activity in MetaMask, which now has more than 10 million monthly active users (MAUs) and positions itself as the leading non-custodial wallet by users globally. Plus, his take on the outlook for NFTs, Ethereum, and Solana.

Sep 8, 2021

Finance