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.

Videos

Solana-Based Token Bonk Inu to Mint NFTs on Magic Eden

Bonk Inu (BONK) will offer more than 15,000 non-fungible token (NFT) collectibles on Solana marketplace Magic Eden on Tuesday, and all the tokens used to mint these NFTs will be burnt afterward. "The Hash" panel discusses the NFT mint and the state of Solana as the network recovered from FTX's collapse.

Jan 10, 2023

Podcasts

Crypto Update | Who Are Sam Bankman-Fried's Politically Connected 'Wealthy Co-Conspirators'?

By Adrian Blust, Adam B. LevineJan 10, 2023

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Markets

Las recientes ganancias de algunas criptomonedas se deben a la cobertura de posiciones cortas, según Bernstein

Algunas altcoins como solana y lido subieron más de 20% debido a que los inversores que apostaban por una caída cubrieron sus posiciones, según un informe elaborado por la empresa.

By Will CannyJan 10, 2023

El estrangulamiento de posiciones cortas impulsó las ganancias en altcoins. (Bella H./Pixabat)

Markets

Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering

Altcoins such as solana and lido have gained more than 20% as investors betting on a decline have covered their positions, a report from the brokerage firm said.

By Will CannyJan 10, 2023

Markets

Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch

A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned.

By Shaurya MalwaJan 10, 2023

A shiba inu dog looks upward (Shutterstock)

Markets

Beaten-Down FTT, Serum Tokens Lead Altcoin Rally, Triggering Short Squeeze

Traders liquidated some $245 million worth of short positions, according to Coinglass.

By Krisztian SandorJan 9, 2023

Markets

Tokens de Solana y Cardano suben de precio en medio de una fuerte actividad transaccional

Los dos tokens subieron alrededor de 20% en las últimas 24 horas hasta las primeras horas del lunes en Asia.

By Shaurya MalwaJan 9, 2023

Web3

Polygon Paid Top Solana Projects Y00ts and DeGods $3M to Migrate Chains

DeLabs, the company behind the NFT projects, received a non-equity grant from the layer 2 chain to fund its expansion.

By Rosie PerperJan 6, 2023

Opinion

Solana vs. Polygon: A Developer’s Perspective

A look at the scalability, security and performance of two of the most popular smart contract blockchains, written by someone who has built on both and chose Solana for an upcoming wallet app.

By Tanner PhilpJan 6, 2023