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

Crypto Market Cap Pushes Past $2T as Major Cryptos Surge

Bitcoin’s rally to nearly $45K has propelled the increase.

By Sam ReynoldsMar 2, 2022

Finance

Terra’s LUNA Passes Ether to Become Second-Largest Staked Asset

Some $30 billion worth of the tokens are staked by users to earn yields of just under 7%.

By Shaurya MalwaMar 2, 2022

Markets

SOL, ETH Rise With Bitcoin as War Continues After Russia, Ukraine Hold Peace Talks

Bitcoin's record-breaking daily gains trickled down to Solana, ether, and other layer-1s as the market factors in a possible end to the war in Ukraine.

By Sam ReynoldsMar 1, 2022

Markets

Market Wrap: Bitcoin Rises Despite Geopolitical Tensions

Bitcoin is up 10% over the past 24 hours, compared with an 8% gain in ETH and an 14% rise in SOL. Indicators suggest more volatility before a recovery unfolds.

By Damanick Dantes, Angelique ChenFeb 28, 2022

Markets

Crypto Funds See Inflows Globally Despite Exodus From European Products

A net $36 million went into digital-asset funds last week with major outflows in Europe but large inflows in the Americas.

By Angelique ChenFeb 28, 2022

Markets

Cardano’s ADA Dives 18%, Leading Plunge in Cryptos as Russia Begins War With Ukraine

Global stocks are tumbling alongside cryptocurrencies, with Western European indexes down nearly 5% and U.S. futures pointing to about a 3% opening decline.

By Shaurya MalwaFeb 24, 2022

Finance

Solana Wallet Slope Finance Raises $8M

The Series A was co-led by Solana Ventures and Jump Crypto.

By Brandy BetzFeb 23, 2022

A discussion of Solana wallets at Breakpoint. (Danny Nelson/CoinDesk)

Finance

1Password Adds 1-Click Credential Storage for Solana-Based Phantom Wallet Users

The new collaboration is intended to make crypto security human-centric by simplifying login management and lowering the barrier to entry.

By Sage D. YoungFeb 23, 2022

Phantom wallet users can store credentials using "Save to 1Password" (Phantom website, modified by Coindesk)

Videos

Axie Infinity Breaks $4B; China’s Brewing Metaverse Frenzy

Axie Infinity NFT sales first to pass $4 billion mark. Chinese companies file over 16,000 metaverse trademark applications. Solana joins crypto market slide. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Feb 22, 2022