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

Tech

Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana

The Kin Foundation is seeking to move the kin cryptocurrency onto the Solana blockchain, according to a proposal shared with CoinDesk.

By Brady DaleMay 22, 2020

SWITCHING CHAINS: Kin may soon be powered by the Solana blockchain. (Credit: Shutterstock)

Tech

Solana Blockchain Adds Korean Stablecoin Terra for Better Payments

Solana is adding the Terra stablecoin in an effort to bring "novel applications that require price-stable payments" to its high-throughput blockchain.

By Brady DaleApr 15, 2020

Solana team

Markets

Pitch Deck Says Solana Is Courting Dish Network, Kik for Its 'Web-Scale' Blockchain

Solana is looking to raise up to $12M at a $125M valuation, touting potential relationships with Dish and Kin in a pitch deck seen by CoinDesk.

By Paddy BakerMar 9, 2020

Dish Network and Kin are both looking to build on top of Solana's protocol, according to a pitch deck reviewed by CoinDesk. (Image via Jonathan Weiss / Shutterstock)

Markets

Multicoin Leads $20 Million Round for Speed-Focused Solana Blockchain

Claiming it can handle many more transactions per second than existing blockchains, Solana has raised capital to ramp up development.

By Zack SewardJul 30, 2019

Kyle Samani of Multicoin (CoinDesk)
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