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

Market Wrap: Cryptocurrencies and Stocks Drop as Russia-Ukraine Tensions Rise

Geopolitical risks shook markets on Friday as BTC dipped below $43K.

By Damanick DantesFeb 11, 2022

Markets

SOL y XRP lideran la caída de altcoins mientras la inflación de EE.UU. alcanza un máximo en 40 años

Las principales criptomonedas alternativas podrían experimentar mayores descensos si pierden niveles importantes de soporte, dijeron distintos traders.

By Shaurya MalwaFeb 11, 2022

Markets

SOL, XRP Lead Altcoin Tumble as US Inflation Jumps to 40-Year High

Major altcoins could see further declines if they lose important support levels, traders said.

By Shaurya MalwaFeb 11, 2022

Markets

DeFi Options Protocols Suffered as Ether Fell to $2.1K

On-chain options offerings are unlikely to see future growth unless the crypto market turns bullish, one analyst said.

By Shaurya MalwaFeb 11, 2022

Options protocols lost millions of dollars in locked value. (Delphi Digital)

Markets

Index Product Provider Amun Makes Play for Solana With SOLI Token Launch

The SOLI index token delivers low-cost, diversified exposure to Solana ecosystem projects while also capturing a 6% staking yield.

By Shaurya MalwaFeb 9, 2022

Markets

Shiba Inu’s SHIB Extends Surge, Bitcoin Breaks a Key Resistance Level

The meme coin rose sharply, even as major cryptocurrencies showed small gains and some losses.

By Shaurya MalwaFeb 8, 2022

Markets

Crypto Fund Inflows Follow Pickup in Market Sentiment

Inflows into digital-asset funds last week were 4.5 times what they were the week before.

By Angelique ChenFeb 7, 2022

Crypto funds saw inflows of $85 million during the seven days through Feb. 4. (CoinShares)

Opinion

A Bridge Too Far: Does the Wormhole Hack Mean the Multi-Blockchain Dream Is Dead?

Bridges and other connections between blockchains present inherent security challenges. Whether those can be solved will determine the future of the entire ecosystem.

By David Z. MorrisFeb 4, 2022