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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

Solana neared a freeze threshold Wednesday, Marinade Finance says. The Foundation says it held up under stress.

A routing glitch at a major data center provider knocked nearly 29% of Solana’s staked tokens offline, bringing the network within striking distance of a full freeze, while Foundation executives stressed that blocks and transactions never stopped.

By Omkar Godbole, AI Boost

Solana neared the network freeze threshold Wednesday. (Marinade)

Finance

MoneyGram expands on Solana with global crypto-to-cash service

Wallets and apps on Solana can now tap MoneyGram's global network to move between digital assets and local currencies.

By Krisztian Sandor

Anthony Soohoo, Chairman and CEO of MoneyGram, speaking at Consensus 2026 (CoinDesk)

Markets

Solana lending giant Jupiter now lets the same dollar earn twice

The new Lend v2 product turns deposits and borrowed assets into trading liquidity, tying higher returns to whether Jupiter’s router can send enough swap flow to the new vaults.

By Shaurya Malwa

A 100 dollar bill on table (Live Richer/Unsplash/Modified by CoinDesk)

Finance

Solana gets its first Strategy STRC product through Solstice Finance

The Solana vault splits income from Strategy’s preferred stock into a lower-risk senior token and a higher-risk junior token.

By Olivier Acuna

Strategy Executive Chairman Michael Saylor (CoinDesk)

Tech

Solana Foundation's new CISO warns AI is making crypto scams more convincing

Michael Coates, the foundation’s new CISO, said that AI vulnerabilities and fake identities will drive the next wave of blockchain security concerns.

By Margaux Nijkerk

Cyber crime (satheeshsankaran/Pixabay, modified by CoinDesk)

Tech

Live updates: Bitcoin gives up gains, falls below $64,000 as stocks retreat

Michael Saylor's Strategy — under continued pressure in this crypto bear market — released a new set of metrics to judge company performance.

By Shaurya Malwa, Omkar Godbole, Stephen Alpher

BTC

Finance

Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit

The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.

By Francisco Rodrigues, AI Boost

Glasses in front of monitors with code (Kevin Ku/Unsplash)

Finance

SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance

The SBI Solana Global joint venture now includes the Solana Foundation, the Swiss organization that oversees the layer-1 network.

By Jamie Crawley

Tokyo, Japan (thetalkinglens/Unsplash)

Markets

Solana launches onchain governance and sets entry fee at 100,000 SOL staked

Validators and the people who stake with them can now formally signal where the network should go through a new system called Solana Governance Proposals. Any validator with 100,000 SOL behind it can open one, and stakers can overrule how their validator votes.

By Shaurya Malwa

A Solana sign at a crypto conference. (Danny Nelson/CoinDesk)

Web3

Mysterious Solana project World unveiled as fully onchain prediction market

The platform is now live within the Phantom wallet and at world.xyz, utilizing Chainlink as its primary oracle infrastructure for market data.

By Francisco Rodrigues

Laptop with markets monitor and charts. (Kanchanara/Unsplash)
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Latest Crypto News

Positive
Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
Neutral
Goldman pivots, now forecasts Fed rate hike in October
The Fed is likely to raise rates by 25 basis points in October, Goldman said, drawing attention to Fed's own hawkish near term rate projections.
Negative
BTC0.00%
Revolut hackers demand $3 million in Monero, threaten to sell customer data
The group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings.
Fed raises rates by 25 basis points in first hike since July 2023
The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.

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