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

Japan prime minister Sanae Takaichi disavows Solana memecoin after it crashes by 75%

Japan’s prime minister says she has no knowledge of or involvement in a Solana-based meme token that briefly reached a $27.7 million market cap before tumbling.

By Oliver KnightMar 3, 2026

Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)

Tech

A former Solana exec is taking a page out of Wall Street playbook to make global crypto trades faster

The goal is to reduce Solana’s growing geographic concentration in Europe and introduce multicast functionality.

By Margaux NijkerkFeb 26, 2026

Stablecoin networks (Unsplash, modified by CoinDesk)

Videos

Solana’s vision for real-world value in APAC

Solana Foundation’s Head of APAC, Lu Yin, joins CoinDesk Live at Consensus Hong Kong to break down why Solana is the emerging infrastructure for global finance. In this interview, Yin explores the transition toward Internet Capital Markets, where global assets and payments settle natively on-chain. From navigating Asia's complex regulatory landscape to scaling for 3,000+ builders, discover how Solana is bridging the gap between Wall Street and the APAC region.

Feb 24, 2026

Finance

Step Finance shuts operations after $27 million January hack

Step is working on a buyback for holders of native token STEP based on a snpashot of holdings and value prior to the incident.

By Jamie CrawleyFeb 24, 2026

Closed sign (Tim Mossholder/Unsplashed, modified by CoinDesk)

Markets

ETH, SOL, XRP extend losses as AI scare trade unsettles risk markets

Analysts warn that bitcoin's prolonged failure to break above its current range is tilting the technical outlook toward the bears.

By Shaurya MalwaFeb 24, 2026

Finance

Solana Company starts building high-speed infrastructure to prepare SOL for next 'super cycle'

The initiative targets institutional demand across Asia-Pacific, offering DeFi tools, liquid staking, and execution services designed for traditional finance firms entering the crypto space.

By Francisco RodriguesFeb 23, 2026

Solana portfolio shown on a laptop (Amjith S/Unsplash)

Tech

The Protocol: Zora moves to Solana

Also: EF’s Stańczak to leave ED role, XRPL member-only DEX and Ethereum revives the DAO.

By Margaux NijkerkFeb 18, 2026

Finance

From FTX debris to global finance: Solana’s 2026 plan is all about the application layer

Resilience built from the debris of 2022 is now shaping the Solana ecosystems future, leaders from Jupiter, Backpack, Kamino and DoubleZero argued at Consensus Hong Kong 2026.

By Margaux Nijkerk, AI BoostFeb 12, 2026