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.

Markets

Solana Matches All Other Chains Combined in Monthly Active Users, Artemis Data Shows

Solana matched all other L1 and L2 chains in monthly active addresses in June and has led in network revenue for three consecutive quarters.

By Siamak Masnavi, CD AnalyticsJul 7, 2025

SOL 24-hour chart shows drop below $150 with sharp sell-off and rebound

Policy

SEC Sets July Deadline for Solana ETF Refilings, Clearing Path for Pre-October Approval

The first final deadline for a spot Solana exchange-traded fund is October 10, but the Securities and Exchange Commission is under pressure to keep the approval process moving smoothly, sources say.

By Helene BraunJul 7, 2025

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

Solana and Fireblocks Selected by Japan’s Minna Bank for Stablecoin Use Case Study

A Japanese digital-native bank is exploring stablecoins for real-world payments and finance, signaling rising institutional interest in Solana’s infrastructure.

By Siamak Masnavi, CD AnalyticsJul 4, 2025

SOL price drops to $150.81 on July 4, 2025, after testing $149 support

Markets

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

DeFi Dev Corp expands its SOL holdings to over 640K tokens and increases staking activity, reinforcing its long-term commitment to the Solana ecosystem.

By Siamak Masnavi, CD AnalyticsJul 3, 2025

SOL fell to $150.75 after facing resistance at $156

Markets

Asia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch

The REX-Osprey Solana + Staking ETF (SSK) does better than the average ETF launch on the first day of trading, Bloomberg's Eric Balchunas said in a post on X.

By Sam Reynolds, AI BoostJul 3, 2025

A Solana booth at ethDenver (Danny Nelson)

Finance

Defi Dev Hikes Convertible Note Offering to $112M for Buyback, More SOL Purchase

The Nasdaq-listed firm upsized its note offering from $100 million as it ramps up its Solana-focused crypto treasury strategy.

By Krisztian Sandor, AI BoostJul 2, 2025

Markets

Solana Staking ETF Opens for Trade, Becoming First Such U.S. Crypto Staking Product

The vehicle from REX Shares and Osprey Funds has selected Anchorage Digital as the exclusive custodian and staking partner.

By Helene Braun, AI BoostJul 2, 2025

Nathan McCauley, co-founder and CEO of Anchorage Digital at Consensus 2025.

Markets

Solana Drops Below $146 Despite Imminent Launch of First U.S.-Based SOL Staking ETF

SOL dropped nearly 8% despite growing institutional demand and an imminent U.S. ETF offering staking rewards.

By Siamak Masnavi, CD AnalyticsJul 1, 2025

SOL price falls to $145.08 in 24H chart on July 1, 2025

Markets

Bitcoin Carried Crypto Markets in 2025's First Half as Altcoins Crumbled. What's Next?

Crypto stayed flat in a volatile first half of the year thanks to bitcoin. Meanwhile, Ethereum's ETH, Solana's SOL and small caps endured steep losses.

By Krisztian SandorJun 30, 2025