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.

Finance

Crypto Giants Galaxy, Jump and Multicoin Seek $1B to Raise Largest Solana Treasury: Report

Digital asset treasuries have become all the rage recently, with many firms copying the strategy popularized by Michael Saylor's bitcoin (BTC) holding firm Strategy.

By Parikshit MishraAug 25, 2025

Markets

VanEck Aims to Take Solana's Liquid Staking to TradFi Investors Via JitoSOL ETF

The fund would offer exposure to staked Solana via JitoSOL, tracking staking rewards.

By Helene Braun, AI BoostAug 22, 2025

Markets

Insiders Cash In Millions as Ye, Formerly Kanye West, 'Apparently' Issues YZY Token

The apparent celebrity-backed token surged thousands of percent at launch, but on-chain data points to concentrated control, insider trades and a liquidity design that leaves retail investors exposed.

By Shaurya MalwaAug 21, 2025

Kanye West (Edward Berthelot/Getty Images)

Markets

Bitcoin Hovers at $113K; Solana and Dogecoin Lead Gains Ahead of Powell’s Jackson Hole Speech

Crypto markets are treading water as investors wait for Fed Chair Jerome Powell’s Jackson Hole speech, where a hawkish tone could drag bitcoin lower while a dovish pivot may offer relief.

By Shaurya MalwaAug 21, 2025

Photo of Federal Reserve Chair Jerome Powell

Markets

New Solana Launchpad, Token Mill, Bets Traders (Mostly) Care Only About Price Pumps

The mood across Solana’s trenches has shifted from fair-launch ideals to raw volatility chasing, with a new entrant testing whether perpetual motion can keep traders hooked.

By Shaurya MalwaAug 20, 2025

Ether builds energy for the next bull move. (SailingOnChocolateRoses/Pixabay)

Finance

Bullish's $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market

Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.

By Krisztian SandorAug 19, 2025

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Solana Briefly Hits 100K TPS Under Stress Load, Boosting SOL Appeal

The data showed that Solana could theoretically sustain 80,000–100,000 TPS in real operations like transfers or oracle updates under peak conditions.

By Shaurya MalwaAug 18, 2025

News Analysis

Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains

Firms aim to own their settlement rails to boost efficiency, compliance and revenue from digital asset payments, analysts said.

By Krisztian SandorAug 17, 2025

Finance

Institutional Frenzy Pushes Ethereum DEX Volumes Above Solana

Ethereum-based decentralized exchanges have overtaken Solana in trading volume for the first time since April, buoyed by record spot ETF inflows and a surge in institutional demand.

By Oliver KnightAug 13, 2025