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.
Public Companies with Significant Solana (SOL) Holdings Revealed
Discover the public companies with the largest Solana (SOL) holdings, including Upexi, DeFi Development Corp, and SOL Strategies, as they capitalize on the cryptocurrency's potential.
Render Network Deprecates Legacy Polygon Implementation Following Security Concerns
Render Network has announced the deprecation of RNDR on Polygon following unauthorized access, urging users to use a new bridge to Solana.
Solana (SOL) Breakout Hackathon: Winners Announced with Major Prizes
The Solana (SOL) Breakout Hackathon concludes with over 10,000 participants and 1,412 projects. Key winners include OpenSOL, IDL Space, and LootGo, each receiving significant USDC prizes.
Binance Smart Chain (BSC) Surpasses Solana in DEX Volumes Amid Incentive-Driven Surge
Binance Smart Chain has recently outpaced Solana in DEX volumes, driven by Binance Alpha's incentives. However, questions arise regarding the sustainability of this growth.
Solana (SOL) Network Enhancements: Key Developments in June 2025
Explore the latest innovations in the Solana (SOL) network, including powerful tools like Pinocchio, Surfpool, and Token Extensions, enhancing security, usability, and scalability.
MetaMask Expands With Solana (SOL) Integration, Paving Way for Multi-Chain Future
MetaMask's integration of Solana marks a pivotal moment in blockchain interoperability, signaling a shift towards a multi-chain future in Web3.
Solana (SOL) Introduces Alpenglow for Faster Blockchain Consensus
Solana's Alpenglow aims to revolutionize blockchain consensus with 100x faster finality, replacing Proof of History with Votor and Rotor systems.
Solana's Journey: Challenges, Innovations, and the Push for Speed
Explore Solana's evolution, challenges, and unique strategies as cofounder Anatoly Yakovenko shares insights on its rapid development and future plans.
Ethereum and Solana Shine Amidst May Crypto Market Surge
Ethereum's resurgence and Solana's strategic moves highlight May's crypto market dynamics, as institutional interest and protocol upgrades drive significant gains.
Solana's SOL Expands Multichain Capabilities with Wormhole NTT
Solana's native token, SOL, expands its multichain capabilities through Wormhole's Native Token Transfers, enabling seamless integration with Avalanche's DeFi ecosystem.