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.

Podcasts

NFTs Are Collectibles, Tickets, Subscriptions and … Securities?

By Dan Ilett, Cam Thompson, Danny Nelson, Benjamin Schiller, Danny BradburyMar 2, 2023

Tech

Solana Will Improve Network Upgrades to Improve Stability

Solana's co-founder said last week's 1.14 network update has raised concerns about maintaining stability during major updates.

By Shaurya MalwaMar 1, 2023

Solana party in Lisbon (Danny Nelson/CoinDesk)

Web3

Gaming Engine Unity Taps MetaMask, Immutable X and Solana for Web3 Developer Tools

The leading platform for game developers introduces an online storefront for decentralized tools, adding support for major Web3 players.

By Cam ThompsonFeb 28, 2023

Video game controller (Martínez/Unsplash)

Finance

Solana’s Spam Problems Persist Despite Tech Improvements, MEV Researchers Say

Arbitrageurs are eating up precious blockspace with pointless transactions, according to Jito Labs.

By Danny NelsonFeb 28, 2023

Tech

Solana Developers Say Reason for Network Outage Still Unclear

The Solana blockchain was stuck for more than a day over the weekend, recovering only after validators restarted the network.

By Shaurya MalwaFeb 28, 2023

Solana's offices in New York City (Danny Nelson)

Videos

Solana's Price Ticking Higher After Weekend Deep Freeze

Solana is rising higher in the last 24 hours after sluggish transaction processing spiraled into a near complete shutdown of activity on the protocol. The Solana Foundation says the root cause is "still unknown" and an investigation is underway. CoinDesk Managing Editor for Data and Tokens Danny Nelson discusses the latest developments.

Feb 27, 2023

Videos

Solana Mainnet Beta Restarted, Network Resumes Processing Transactions

Solana is slightly higher in the past 24 hours after a "significant performance degradation" over the weekend, freezing user transactions. The Solana Foundation says an investigation is underway into the cause of the outage and will be available shortly. CoinFund Managing Partner Seth Ginns discusses the outlook for the Solana ecosystem in the wake of FTX's collapse. Plus, insights into his investment thesis for the crypto markets and the need for a "thoughtful" crypto regulatory regime.

Feb 27, 2023

Finance