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-Focused Crypto Wallet Phantom Taps Ethereum, Polygon

Phantom, the leading crypto wallet in the Solana ecosystem, said Tuesday it will add support for assets on the Ethereum and Polygon blockchains, with the rollout beginning in about three months, according to a representative. "The Hash" panel discusses what this means for Solana and mainstream crypto adoption.

Nov 29, 2022

Finance

La billetera más importante de Solana se enfoca en Ethereum y Polygon

Phantom, la billetera de criptomonedas centrada en Solana, se inclina por Ethereum y Polygon para su plan de expansión.

By Danny NelsonNov 29, 2022

Brandom Millman, CEO de Phantom. (Danny Nelson/CoinDesk)

Finance

Solana’s Top Crypto Wallet Phantom Looks to Ethereum, Polygon Next

Solana-focused crypto wallet Phantom is tapping Ethereum and Polygon for its expansion plan.

By Danny NelsonNov 29, 2022

Web3

NFT Marketplace Magic Eden Expands Support for Polygon-Based NFTs

The leading Solana NFT platform will welcome a new community of Web3 gaming developers and publishers on the Polygon network.

By Cam ThompsonNov 22, 2022

Finance

Crypto Fund Sino Global Had Deep Ties to FTX Beyond Equity Investment

A prominent Asia-based crypto investment firm, Sino invested many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire, documents show. FTX was also a key partner on a big fund Sino raised with outside investors' capital.

By Sam ReynoldsNov 18, 2022

Sino Global Capital founder Matthew Graham. (CoinDesk TV)

Podcasts

Crypto Update | The FTX Collapse Looks an Awful Lot Like Enron

By Adrian Blust, Adam B. LevineNov 18, 2022

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

Markets

Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Most digital assets traded lower on Wednesday as another crypto firm gets hit by the FTX contagion, although institutional investors may be looking for bargains.

By Helene Braun, Jocelyn YangNov 16, 2022

Bitcoin and most other digital assets declined on Wednesday after crypto financial firm Genesis Global Capital announced that it was temporarily suspending redemptions and new loan originations. (Source: CoinDesk)

Markets

Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack

The Serum token price rose as high as 32 cents, from a low of 12 cents just two days ago, as community members of the decentralized exchange scrambled to implement an emergency fork in the wake of security concerns triggered by the hack of Sam Bankman-Fried's FTX exchange.

By Jocelyn YangNov 15, 2022