SOLANA
Solana ($SOL) is an open-source blockchain platform designed to facilitate decentralized applications with high scalability. Originating in 2017, it was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. Solana's protocol introduces a hybrid consensus model, combining proof-of-history (PoH) with the underlying proof-of-stake (PoS) consensus of blockchains. This innovative approach allows Solana to achieve transaction speeds of up to 50,000 transactions per second, a significant leap compared to Ethereum's 15 transactions per second. Solana's energy efficiency is also noteworthy, with each transaction consuming energy equivalent to a few Google searches. The cryptocurrency associated with Solana, SOL, witnessed a remarkable surge in 2021, with its market capitalization reaching over $66 billion at one point. However, by October 3, 2022, its market cap had decreased to approximately $11.71 billion. Solana's unique proof-of-history concept, introduced by co-founder Anatoly Yakovenko in a 2017 white paper, enables the verification of the order and passage of time between events, enhancing the speed and efficiency of the blockchain. As of September 2022, Solana has processed over 100 billion transactions at an average cost of $0.00025 per transaction. Solana's GitHub repository indicates active development, with a focus on scalability, security, and decentralization. The platform's architecture can theoretically handle up to 710,000 TPS on a standard gigabit network. The repository also emphasizes compliance with applicable laws and regulations, highlighting the project's commitment to ethical and legal standards.
Tokens.xyz Streamlines Solana (SOL) Asset Data with Unified Pages
Tokens.xyz simplifies asset discovery on Solana (SOL) by consolidating all token variants of the same asset onto a single page, offering live liquidity and trading data.
Singapore Gulf Bank Launches Institutional USDC Minting on Solana
SGB enables institutional clients to mint and redeem USDC directly from bank accounts via Solana, with $100K minimum and temporary fee waivers.
12 DeFi Protocols Hit in Two-Week Hack Spree Following $280M Drift Exploit
At least 12 crypto protocols attacked since April 1 Drift Protocol hack, with losses including $13.7M from Grinex and $7.6M from Rhea Finance.
Tether Commits $127.5M to Drift Protocol Recovery After $280M Exploit
Tether leads $150M recovery program for Drift Protocol following April's North Korea-linked hack, with platform switching from USDC to USDT settlement.
Tether Commits $127.5M to Drift Protocol Recovery After $285M DPRK Hack
Tether leads $150M recovery plan for Drift Protocol following April 1 exploit. Platform will switch from USDC to USDT for settlement, bringing 128K users to Tether.
Sei Network Warns Solana USDC Holders to Bridge Out Before IBC Shutdown
Sei's v6.4 upgrade enables IBC transfer disabling as part of EVM transition. $245K in Solana USDC at risk if holders don't act before governance vote.
X Product Chief Teases Crypto Launch Ahead of X Money Rollout
Nikita Bier hints at crypto product for X platform weeks before X Money launch, sparking Bitcoin and Solana speculation across the industry.
SOL Gets Commodity Status as Solana (SOL) RWA Holdings Hit $2B in March
Solana (SOL)'s March 2026 saw SOL classified as a commodity, RWA value crossing $2B with 182K holders, and Mastercard joining the Solana Developer Platform launch.
Solana (SOL) Foundation Launches STRIDE Security Program With 24/7 Threat Monitoring
Solana (SOL) Foundation unveils STRIDE and SIRN security initiatives offering free threat monitoring for protocols with $10M+ TVL and formal verification for $100M+ protocols.
Bitcoin ETF Inflows Hit $219M as Fed Hawkish Pause Triggers $405M Reversal
CoinShares reports $230M weekly digital asset inflows, but post-FOMC meeting saw $405M in outflows as markets digest Fed's hawkish stance on rates.