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

JPMorgan Sees Modest Inflows for Solana ETFs Despite Likely SEC Approval

The bank expects solana exchange-traded funds to attract only a fraction of ether’s inflows.

By Will Canny, AI BoostOct 9, 2025

Tech

The Protocol: 77% of Bitcoin Holders Have Never Used BTCFi, Survey Reveals

Also: Ethereum Fusaka Upgrade on Holesky, DoubleZero Goes Live and Bee Maps Raises $42M.

By Margaux NijkerkOct 8, 2025

Web3

Solana's Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs

JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana's USDtb stablecoin.

By Francisco RodriguesOct 8, 2025

Jupiter (Kamran Abdullayev/Unsplash/Modified by CoinDesk)

Finance

Forward Industries Unveils Solana Validator, Delegates Entire $1.5B SOL Stash to It

The validator, built on DoubleZero and using Jump Crypto's Firedancer client, is expected to rank among the top 10 on the Solana network by stake.

By Francisco Rodrigues, AI BoostOct 8, 2025

Markets

Solana’s $2.85B Revenue Rivals Palantir, Robinhood Amid Waning Memecoin Craze

21Shares’ Matt Mena says Solana’s $2.85B in annual revenue shows lasting strength across DeFi, trading and new app sectors even as memecoin mania has cooled.

By Siamak Masnavi, AI BoostOct 7, 2025

Tech

Bee Maps Raises $32M to Scale Solana-Powered Decentralized Mapping Network

The fresh capital will be used to distribute more devices, enhance AI models that process and update map features, and boost contributor incentives, Bee said.

By Margaux Nijkerk, AI BoostOct 6, 2025

Finance

Grayscale Adds Staking to Ethereum and Solana Investment Products in U.S. First

The update applies to Grayscale's Ethereum Trust ETF, Ethereum Mini Trust ETF, and Solana Trust, which have a combined $8.25 billion in assets under management.

By Francisco RodriguesOct 6, 2025

Stock market price charts (Anne Nygård/Unsplash)

Tech

Solana’s Upcoming Architectural Changes and Why They Matter

VanEck says Solana’s Alpenglow upgrade will make the network faster, more stable and easier to run, as developers prepare even deeper performance changes.

By Siamak Masnavi, AI BoostOct 5, 2025

Markets