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

The Next Solana? Algorand Token Sees Highest Price in More Than 2 Years Despite Market Sell-Off

The price of Algorand’s ALGO tokens has jumped more than three-fold this year, leading to a market capitalization of more than $6 billion.

By Muyao ShenSep 8, 2021

Markets

Market Wrap: Bitcoin Plummets as El Salvador Buys the Dip

Bitcoin tumbled below $46K, triggering billions in long position liquidations.

By Damanick Dantes, Tracy WangSep 7, 2021

Markets

Solana Climbs 30% on Back of FTX NFT Marketplace Launch

The SOL token hit an all-time high of $194.82 early on Tuesday.

By Jamie CrawleySep 7, 2021

Solana COO Raj Gokal, left, and CEO Anatoly Yakovenko

Videos

Solana Hits All-Time High, FTX’s NFT Marketplace Spammed

Solana hits an all-time high. FTX’s NFT marketplace spammed. Kim Kardashian called out over crypto speculation. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Sep 7, 2021

Markets

Market Wrap: Bitcoin and Ether Cross Milestones as Rally Continues

Bitcoin hit $50K and ether approached $4K as risk appetite heats up.

By Damanick Dantes, Tracy WangSep 3, 2021

Markets

Solana’s SOL Replaces Dogecoin as 7th Largest Cryptocurrency

SOL hits fresh record high as NFT boom continues

By Omkar GodboleSep 3, 2021

Finance

UXD Raises $3M to Bring Algorithmic Stablecoins to Solana

The team behind the interest-generating UXD is backed by Multicoin Capital, Alameda Research and the Solana Foundation.

By Ian AllisonSep 2, 2021

Finance

BridgeTower Capital, Solana Form $20M Investment Fund

The fund will take equity stakes and tokens in projects designed to develop the Solana ecosystem.

By Sheldon RebackSep 1, 2021

Markets

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.

By Tracy WangSep 1, 2021

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

Videos

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."

Aug 30, 2021