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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

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 Malwa

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 Sandor

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 Malwa

Car road blur speed

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 Sandor

Railways (Unsplash/Getty Images)

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 Knight

CoinDesk

Markets

Solana Memecoin BONK Gets a $25M Corporate Treasury Boost

Safety Shot will issue preferred shares convertible into common stock.

By Shaurya Malwa

A BONK ad in Salt Lake City (Danny Nelson/CoinDesk)

Markets

Pump.fun Creates Liquidity Arm to Back Memecoins Amid Revenue Slump

The Solana memecoin launchpad says its new Glass Full Foundation will inject liquidity into select ecosystem tokens.

By Shaurya Malwa

Pump.fun's swap tool (Danny Nelson/CoinDesk)

Tech

Solana’s Seeker Phone Fixes Saga’s Flaws With Usability Upgrade

Out of the box, it’s clear who this device is for: active Solana users who regularly transact on-chain, with the design focusing on everything crypto-first.

By Margaux Nijkerk

Solana Mobile's second generation phone Seeker (Solana Mobile)

Tech

Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury

If approved, the DAO would assume full control over protocol revenue streams, directing them to the network's tokenholders.

By Margaux Nijkerk, AI Boost

jito

Markets

Solana Treasury Company Upexi Surpasses 2M in SOL Holdings

Upexi increased its holdings of Solana's sol by 172% in July, reaching over 2 million SOL.

By Omkar Godbole, AI Boost

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