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 Block Traders See SOL Extending Gains, Surpassing $200 by End-June

Block traders piled into the $200 call option expiring on June 27.

By Omkar GodboleMay 12, 2025, 5:56 a.m. EDT

A pen lies on top of a spreadsheet printout (steinarhovland/Pixabay)

Finance

Superstate Expands Into Tokenized Equities; SOL Strategies to Be First Listing

The company's "Opening Bell" platform lets SEC-registered shares trade on-chain, bridging crypto and public equity markets.

By Krisztian SandorMay 8, 2025, 10:00 a.m. EDT

Robert Leshner, CEO of Superstate (Superstate)

Markets

DeFi Development Adds $11.2M in SOL, Bringing Holdings to More Than 400K Tokens

Formerly known as Janover, the company's SOL holdings are worth more than $57 million at current prices.

By Francisco RodriguesMay 6, 2025, 10:47 a.m. EDT

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

Markets

SOL Strategies Buys $18M of Solana Tokens With First Tranche of $500M Note Deal

The Canadian firm is betting on Solana by using debt financing to scale its validator footprint and crypto holdings.

By Krisztian Sandor, AI BoostMay 6, 2025, 10:25 a.m. EDT

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

Tech

Solana’s Natix and Grab Team Up to Expand DePIN Mapping Into U.S., Europe

The collaboration will enhance mapping accuracy by combining Natix’s network with Grab’s mapmaking technology.

By Margaux NijkerkMay 6, 2025, 6:00 a.m. EDT

Markets

Solana Quietly Fixes Bug That Could Have Let Attackers Mint and Steal Certain Tokens

A sophisticated attacker could forge invalid proofs that the on-chain verifier would still accept. This would have allowed unauthorized actions such as minting unlimited tokens or withdrawing tokens from other accounts.

By Shaurya MalwaMay 5, 2025, 3:10 a.m. EDT