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.
Solana (SOL) Faces Persistent Pressure Below Key Technical Level
Solana (SOL) struggles to maintain momentum above the 200-EMA, facing repeated rejections and potential downside pressure towards the $145 support level.
Mercer Park's $300M Acquisition of Cube Group Aims for $500M Solana (SOL) Treasury
Mercer Park Opportunities Corp. plans to acquire Cube Group in a $300 million deal, aiming to establish a $500 million Solana treasury, according to CoinMarketCap.
Solana’s Percolator Challenges Aster in Decentralized Perpetuals Market
Solana's Percolator, a new decentralized perpetual exchange, is set to challenge Aster's dominance in the DEX derivatives market with its Layer 1 integration.
Hong Kong to Launch First Solana (SOL) ETF Amid US Crypto ETF Anticipation
Hong Kong's first Solana (SOL) ETF is set to launch on October 27, while the US awaits SEC approval for 155 crypto ETFs, signaling a potential surge in crypto investment products.
Meteora's MET Token Launch: Airdrop Set to Circulate 48% of Supply
Solana DEX Meteora is launching its MET token on October 23, with 48% of its total supply entering circulation. Analysts speculate on its potential FDV and market impact.
Hong Kong Approves Solana (SOL) Spot ETF, Boosting Crypto Accessibility
Hong Kong's approval of the first Solana (SOL) spot ETF marks a significant step in crypto accessibility, joining Bitcoin and Ethereum in regulated digital asset offerings.
Jupiter Unveils Beta Version of Prediction Market on Solana
Jupiter, a Solana DEX aggregator, launches a beta version of its prediction market, focusing initially on the Mexico Grand Prix, marking a significant step in decentralized finance.
Solana (SOL): A Leading Blockchain in On-Chain Activity
Solana stands out as a leading blockchain platform due to its diverse on-chain activity, efficient design, and robust ecosystem of applications, according to Grayscale Research.
VanEck Reports September 2025 Crypto Market Trends: Key Insights
VanEck highlights September 2025 crypto market dynamics, focusing on token performances, blockchain revenue declines, and major upgrades in Solana and Ethereum networks.
Infrastructure Giants Cash In as Memecoin Traders Face Losses
The memecoin trend is drawing significant profits, mainly for exchanges, launchpads, and trading bots, rather than for traders investing in viral tokens.