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

Fiserv Joins Stablecoin Fray, Teaming Up With Circle, Paxos, PayPal for Launch on Solana

The Fortune 500 fintech provider plans to roll out its digital asset platform with U.S. dollar stablecoin FIUSD to 10,000 institutions and 6 million merchants.

By Krisztian SandorJun 23, 2025

U.S. dollar (Unsplash, modified by CoinDesk)

Markets

Solana's SOL Falls 8% as Traders Brace for Fallout From a Spike in Oil Price

Solana sank to $128.82 on heavy volume after a sharp sell-off triggered by confirmed U.S. military action against Iran.

By Siamak Masnavi, CD AnalyticsJun 22, 2025

SOL price chart showing 24-hour decline from $140.98 to $127.25, ending at $128.82.

Markets

Solana's SOL Holds $140 Support as Reversal Pattern Gains Strength

SOL dipped 5% before stabilizing at $140, with technical indicators pointing to a potential upside breakout if resistance is cleared.

By Siamak Masnavi, CD AnalyticsJun 21, 2025

Solana (SOL) price movement showing high at $142.91, low at $135.96, and last price at $140.46

Markets

Spot Crypto ETF Filings for XRP, SOL, DOGE Among Those With Overwhelming SEC Approval Odds: Bloomberg

Of all pending crypto ETFs before the U.S. markets regulator, only SUI faces less than a 90% chance of approval.

By Sam ReynoldsJun 20, 2025

Finance

Solana DEX Jupiter Pauses DAO Votes, Citing Breakdown in Trust

JUP prices remained stable after the announcement, up marginally over the past 24 hours.

By Oliver KnightJun 20, 2025

Jupiter (Kamran Abdullayev/Unsplash/Modified by CoinDesk)

Markets

SOL Slips Below $144 Even as Sol Strategies Eyes Nasdaq to Deepen Its Bet

SOL fell below $144 despite bullish institutional headlines, as Sol Strategies filed to list on Nasdaq while holding over $61 million worth of SOL tokens.

By Siamak Masnavi, CD AnalyticsJun 19, 2025

SOL Breaks Below $144 Despite Nasdaq News From Sol Strategies

Policy

SOL Strategies Files to List on Nasdaq

The company, which has been aggregating Solana’s SOL, wants to enter the U.S. market.

By Camomile ShumbaJun 19, 2025

Leah Wald, President and CEO of SOL Strategies. (SOL Strategies)

Markets

Ether, Solana, and Other Majors Could Slide Further as Trump Threatens Iran Strikes

Tensions in the Middle East are fueling a flight to safety, with traders rotating out of altcoins into stablecoins and bitcoin amid uncertainty around U.S. military escalation and sticky inflation.

By Shaurya MalwaJun 19, 2025

Markets

SOL Drops Below $150 After Sell-Off Despite Growing Institutional Adoption Narrative

SOL fell to $149.46 Tuesday after a late-evening sell-off erased earlier gains, though some institutional analysts continue to frame it as a long-term ETH rival.

By Siamak Masnavi, CD AnalyticsJun 17, 2025

Line chart showing Solana falling from above $158 to below $150, with steep declines around midnight UTC and lighter volume during the recovery phase.

Markets

Pump.fun and Other Memecoin Accounts Suspended From X in Apparent Crackdown

The mass suspension of Pump.fun and other memecoin-linked accounts has stirred speculation of regulatory heat and platform violations, just as the Solana-based launchpad gears up for a billion-dollar token sale.

By Shaurya MalwaJun 17, 2025