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

How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

The trader capitalized on a lack of liquidity by manipulating the price of MNGO on decentralized exchange, Mango.

By Shaurya MalwaOct 12, 2022

Attackers drained all liquidity from the affected QuickSwap pool. (Shutterstock)

Markets

Mango Markets Exploiter Provides Ultimatum: ‘Repay Bad Debt’

Hacker proposes to send back stolen MSOL, SOL and MNGO if Mango Markets promises to pay back bad debt using USDC available in its treasury.

By Sam ReynoldsOct 12, 2022

Finance

Solana-Based Decentralized Finance Platform Mango Hit by $100 Million Exploit

Mango's MNGO token was down over 40% after suffering from the latest massive decentralized finance exploit.

By Sam KesslerOct 11, 2022

Sliced mango served up on a table (Desirae Hayes-Vitor/Unsplash)

Videos

GSR Markets Exec on Crypto Buying Opportunities

"It's becoming clear that there are more and more buying opportunities for [crypto protocols] which are revenue generating ... similar to the kind of TradFi opportunities that followed the great financial crisis in 2009," GSR Markets Global Head of Product Benoit Bosc says, naming Ethereum, Solana, Avalanche and NEAR.

Oct 11, 2022

Podcasts

Weekend Explainer | Crypto Staking 101: What Is Staking?

By Adrian Blust, Adam B. LevineOct 8, 2022

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

Videos

Web3 Gaming a Long Way From Mainstream Adoption: Survey

A study from Coda Labs shows only 3% of gamers own a non-fungible token (NFT) and generally don’t have positive feelings about crypto. Michael Wagner, CEO of Solana-based NFT game Star Atlas, discusses the state of Web3 gaming and the traditional gamer community.

Oct 6, 2022

Videos

Solana NFT Sales Jump in September Amid High Profile Projects: Report

DappRadar data reveals that Solana NFT sales in September hit nearly $133 million, nearly double the $68.5 million from the previous month. “The Hash” team unpacks the outlook for Solana and the digital collectibles market amid crypto winter.

Oct 4, 2022

Videos

FTX Ventures, Jump Crypto Lead Funding Round in Executable NFT Wallet Startup

Solana-based developer Coral has raised $20 million in a strategic funding round co-led by the venture capital arm of FTX and Jump Crypto. The capital will go toward building out the first flagship product, Backpack, a wallet for executable non-fungible tokens or xNFTs. “The Hash” panel discusses what this means for NFT developments.

Sep 28, 2022

Markets

First Mover Asia: Bitcoin Sticks Near $19K; the Most ‘Profitable’ Mining GPU Makes You Back Your Money in 3 Years

Ether and other major cryptos spend much of the weekend in the red to close a turbulent week.

By James Rubin, Sam ReynoldsSep 26, 2022

Bitcoin's price stuck close to $19K (Getty Images)

Finance

Italy's AC Milan Launches NFT Game With MonkeyLeague

The new partnership with an esports franchise signals the soccer champion’s latest step forward into the web3 world.

By Xinyi LuoSep 23, 2022

AC Milan – Serie A Scudetto trophy (Chris Ricco/Getty Images)