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.

Finance

Solana-Based Climate Change Project Employs ‘NFTrees’ to Save Rainforests

GainForest combines satellite imagery with data science in a bid to incentivize landowners away from cutting down trees.

By Ian AllisonApr 21, 2022

From left to right: Osvaldo Resquin, Elizabeth Martínez, Silvino Gonzalez, David Dao, Lucas Czech, Antonella Piacentini and Guadalupe and Elí León. (GainForest)

Videos

Bitcoin Price Eyes 200-Day Simple Moving Average

The Strategic Funds Managing Director Marc Lopresti provides his analysis on bitcoin's next move after a three-day price rally. Lopresti also explains why his firm is bullish on altcoins like Avalanche and Solana. Plus, a conversation about the continued growth of institutional interest in crypto, noting a rumored partnership between FTX and Goldman Sachs.

Apr 21, 2022

Markets

Crypto Funds See Outflows as Bitcoin Gets More 'Interest-Rate Sensitive'

Some $97 million flowed out of digital asset funds in the week through April 15.

By Angelique ChenApr 19, 2022

Across the industry, crypto funds had $97 million in net outflows in the seven days through Apr. 15. (CoinShares)

Finance

Pantera Joins $3.7M Round for Solana Lending Protocol Hedge

Race Capital led the round for the interest-free lending protocol ahead of its public launch.

By Brandy BetzApr 19, 2022

Hedge co-founders Sebastian Grubb (left) and Chris Coudron pose for a photo. (Hedge)

Finance

Solana DeFi Protocol Delta One Raises $9.1M to Offer Crypto Yield Farming

Delta One offers users an automated, low-risk way to earn yield.

By Brandy BetzApr 19, 2022

Videos

Solana NFTs Added to Rarible Following OpenSea Debut

Solana NFT offerings have just been added to Rarible Protocol shortly after their debut on the OpenSea marketplace. “The Hash” group discusses the multichain reality of the NFT space and why other platforms are trying to chip away at Magic Eden’s market share.

Apr 14, 2022

Tech

On-Chain Wallet Profiler Nansen Adds Solana Coverage

“There has been huge demand to launch a Solana dashboard,” said Nansen CEO Alex Svanevik.

By Danny NelsonApr 14, 2022

Solana adherents gathered under the lights. (Danny Nelson/CoinDesk archives)

Videos

Coinbase’s New Listings, Robinhood Adds SHIB, SOL, And More

Coinbase has announced an extensive list of ERC-20 tokens that will be added to the crypto exchange’s offerings, and Robinhood will now include shiba inu, Solana, MATIC, and Compound tokens.

Apr 12, 2022

Finance

Scenes From Bitcoin Miami 2022: The Stars, the Shows and That Giant Bull

Miami Beach's sprawling Convention Center and its environs were scenes of perpetual motion during the four-day extravaganza.

By Danny NelsonApr 12, 2022

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