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

OpenSea’s Solana Beta Begins; Binance Bails Out Sky Mavis

Chinese state-media opinion piece calls for tighter regulation of NFTs. Solana NFTs enter OpenSea marketplace; NFT sales down by 25%. Vietnam’s Sky Mavis raises $150 million to offset Ronin hack, Axie NFT sales surge more than 350%. Bitcoin takes a stumble following Fed minutes.

Apr 7, 2022

Markets

Dogecoin, Solana Traders Nurse Big Losses as Cryptos See $400M in Liquidations

Wednesday's figures were the third-highest liquidation losses of this year.

By Shaurya MalwaApr 7, 2022

Markets

Market Wrap: Cryptos Pull Back, Traders Eye Opportunities in Ether Versus Bitcoin

BTC was down 1% as stocks rose. WAVES falls 25%.

By Damanick Dantes, Angelique ChenApr 4, 2022

Markets

Crypto Funds Draw Inflows for Second Straight Week

Some $180 million flowed into digital asset funds in the week through April 1, CoinShares reported on Monday.

By Angelique ChenApr 4, 2022

$180 million of net inflows in the seven days through April 1, according to CoinShares. (CoinShares)

Markets

Market Wrap: Bitcoin Rebounds Amid Lower Volatility, Altcoins Outperform

AAVE rallied by 20%, compared with a 4% gain in ETH and 9% rise in SOL on Friday.

By Damanick DantesApr 1, 2022

Cryptos rebounded after Thursday's dip. (Markus Spiske, Unsplash)

Finance

Twitch Co-Founder’s Gaming NFT Marketplace Raises $35M

Fractal is ramping up development with the help of big-name backers.

By Eli TanApr 1, 2022

Justin Kan (Kimberly White/Getty Images for TechCrunch)

Markets

Market Wrap: Cryptos Slide Amid Higher Volatility; Returns Typically Strong in April

Bitcoin and stocks are entering a seasonally strong period.

By Damanick Dantes, Angelique ChenMar 31, 2022

Investors grapple with market risk. (Mostafa Meraji, Unsplash)

Videos

What’s Driving the BTC Price Dip?

MarketGauge's Michele Schneider discusses the possible catalysts for bitcoin market moves, citing a recent vote in the European Union to move forward with restrictive crypto regulations and increased buying by whales like MicroStrategy. Plus, a discussion about bitcoin as a risk-on or risk-off asset and why Schneider is optimistic about Luna, Avalanche, and Solana.

Mar 31, 2022

Markets

Bitcoin's March Gains Help Erase Memories (and Losses) From Awful 2022 Start

Cardano and Solana rose 27%, outperforming bitcoin.

By Lyllah LedesmaMar 31, 2022

Markets

Solana’s SOL Highest Gainer Among Major Cryptos as Bitcoin Holds $47K

Investors are looking to allocate capital to altcoins and other major cryptocurrencies as appetite for risk is back, one analyst said.

By Shaurya MalwaMar 31, 2022

SOL hovers just below resistance at $130. (TradingView)