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

Franklin Templeton Expands $594M Market Money Fund to Solana

The move comes after Securitize linked to Solana to bring tokenized real-world assets to the network.

By Helene Braun, Krisztian SandorFeb 12, 2025

Jenny Johnson, Franklin Templeton president and CEO, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Markets

Eric Semler's X Account Hacked, Promotes Solana-Based Token

The token, trading under the ticker symbol SMLR, saw a 300% rise after launch but then plummeted.

By Francisco RodriguesFeb 12, 2025

Hacker (Getty Images/Seksan Mongkhonkhamsao)

Finance

Solana ETF Applications Reach Next Stage in SEC Review

The regulator could reach a decision at the end of a 21 day comment period.

By Danny NelsonFeb 11, 2025

Canary Capital founder and CEO Steve McClurg (Danny Nelson/CoinDesk)

Markets

Solana DEX Volume Tops $60M as It Looks to Extend 4-Month Winning Streak Over Ethereum

Solana's leadership in DEX volume and revenue supports the bull case in the SOL-ETH ratio.

By Omkar GodboleFeb 11, 2025

BTC's $14B options expiry. (Pexels/Pixabay)

Markets

Solana’s SOL Could Hit $520 by 2025-End, VanEck Says

VanEck predicts M2 money supply will grow to $22.3 trillion by 2025 from the current $21.5 trillion, boosting crypto markets and top tokens such as SOL.

By Shaurya MalwaFeb 7, 2025

Finance

SEC Seems Ready to Advance XRP, Litecoin, Solana ETF Applications

The Commission acknowledged several applications for crypto exchange-traded funds on Thursday, a move that ties the regulator to a strict timeline for approval or denial.

By Helene BraunFeb 6, 2025

U.S. Securities and Exchange Commission (Jesse Hamilton/CoinDesk)

Finance

Sol Strategies Bolsters Solana Holdings to Near 190,000 SOL Worth More Than $40M

The Canadian investment company, led by former Valkyrie Investments co-founder Leah Wald, has also acquired validators on other blockchains and holds some BTC.

By Francisco RodriguesFeb 4, 2025

Markets

Solana Saw 112% Surge in Stablecoin Supply in January With TRUMP Memecoin Frenzy: CCData

This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network

By Jamie CrawleyJan 31, 2025

A Solana booth at ethDenver (Danny Nelson)

Finance

Jupiter’s Acquisition Spree, Buyback Plan Spark Solana Ecosystem Dominance Concerns

While some view it as a positive move for long-term growth, others worry it could lead to monopolistic behavior and harm innovation in the Solana ecosystem.

By Francisco RodriguesJan 27, 2025