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.

Solana News

NFT Marketplace Magic Eden’s $1.6B Valuation, Partnership With Solana’s Web3 Phone ‘Saga’

Magic Eden, the leading non-fungible token (NFT) marketplace on Solana, has raised $130 million in a Series B funding round at a $1.6 billion valuation. CEO Jack Lu discusses Magic Eden’s growth plans, user base and partnership with Solana Labs to build the first Web3 mobile phone. Plus, addressing concerns over Solana’s network outages.

Jun 24, 2022

All About NFTs

Solana Labs Is Building a Web3 Mobile Phone

The backers of the Solana blockchain said the devices will cost around $1,000 and be available for delivery in early 2023.

By Danny NelsonJun 23, 2022

Solana's Anatoly Yakovenko at the phone's unveiling event in New York. (Danny Nelson/CoinDesk)

First Mover Americas: BTC Holds $20K as Altcoins Retrace

The latest moves in crypto markets in context for June 22, 2022.

By Lyllah LedesmaJun 22, 2022

(Getty Images)

First Mover Americas: Altcoins Lead as BTC Struggles to Stay Above $21K

The latest moves in crypto markets in context for June 21, 2022.

By Lyllah LedesmaJun 21, 2022

(IPTC/Getty Images)

Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation

The large raise comes during an otherwise downcast crypto climate.

By Eli TanJun 21, 2022

Magic Eden’s four co-founders (left to right): CEO Jack Lu, CTO Sidney Zhang, Chief Engineer Zhoujie Zhou and COO Zhuoxin Yin. (Magic Eden)

Solend Says Investor at Center of Solana DeFi Controversy Started to Move Funds

The lending platform said that may avert the risk of contagion in case of a liquidation.

By Shaurya MalwaJun 21, 2022

Binance Labs recauda $500M para invertir en Web 3 y blockchain. (Giorgio Trovato/Unplash)

DeFi Protocol Solend Passes Governance Vote to Reverse ‘Emergency Powers’

An emergency governance vote has been passed as Solend plans to take less drastic measures on the liquidation of a large Solana borrower.

By Oliver KnightJun 20, 2022

(Arnaud Jaegers/Unsplash)

Solend’s Whale Liquidation Crisis Prompts Second Vote to Reverse ‘Emergency Powers’

The Solana-based borrowing and lending service is going back to the ballot box.

By Danny NelsonJun 20, 2022

(Danny Nelson for CoinDesk)

Solana DeFi Platform Votes to Control Whale Account in Bid to Avoid Liquidation 'Chaos'

Solend users voted to "grant emergency power to Solend Labs to temporarily take over the whale's account."

By Danny NelsonJun 19, 2022

Solana Hacker House en Miami, abril del 2022. (Danny Nelson/CoinDesk)

Tokens de dogecoin y solana lideran las ganancias entre las principales criptomonedas

La capitalización del mercado ha crecido aproximadamente 4,5% en las últimas 24 horas luego de la caída al inicio de la semana.

By Shaurya MalwaJun 16, 2022

Los mercados han subido las últimas 24 horas. (Mehmet Turgut Kirkgoz, Unsplash)

Latest Crypto News

Today

4:41 PM

Positive

Crypto bill clears U.S. Senate milestone as effort advanced through first committee

The market structure legislation for the first time advanced beyond a committee, setting up the next steps that could end with a vote of the overall chamber.

4:21 PM

Positive

BTC0.00%

Ethereum OGs revive the DAO with $220 million security fund, Unchained reports

According to the report, $13.5 million will be allocated to security grants distributed through DAO-style mechanisms

4:00 PM

Neutral

Crypto for Advisors: banks and digital money

Banks are embracing stablecoins and tokenized deposits as a means to upgrade their financial infrastructure, but they are approaching the two technologies differently.

3:55 PM

Positive

Crypto custody firm Copper in early talks for IPO as crypto 'plumbing' becomes new Wall Street favorite

The London-based custody provider is weighing a potential public listing, aiming to follow rival BitGo's recent IPO.

Explore Latest News

Newsletters

Newsletter thumbnail

CoinDesk Headlines

The biggest crypto news and ideas of the day.

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.