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.
MoneyGram Becomes Solana Validator, Stakes SOL to Boost Blockchain Role
MoneyGram joins Solana as a validator, staking SOL and expanding its blockchain presence amid rising stablecoin adoption in remittances.
Solana (SOL) Unveils Frontier Traders Program for Onchain VIPs
Solana (SOL) Foundation's Frontier Traders program offers VIP rebates, network-wide perks, and trading campaigns for pro-level onchain traders.
Solana Treasury Firms Reject Forward Industries' Merger Push
Forward Industries faces setbacks as Solana-focused treasury firms reject acquisition offers amid $1B unrealized losses.
Sam Bankman-Fried Loses Appeal, Trump Pardon Request Looms
Sam Bankman-Fried’s 25-year fraud conviction upheld by appeals court as he seeks an unlikely Trump pardon. Market implications tied to Solana (SOL).
Forward Industries Moves $32M in SOL to Coinbase as Treasury Losses Mount
Forward Industries transfers $31.9M in Solana to Coinbase Prime amid a $1.15B unrealized loss, highlighting challenges for crypto treasury strategies.
Solana (SOL) Hits $2.8B RWA High Amid Strong ETF Inflows, SOL at $66.59
Solana (SOL)'s ecosystem saw growth in RWAs, ETFs, and stablecoins in May 2026. Despite SOL trading at $66.59, tokenized equities and DeFi volumes hit records.
Solana (SOL) Launches Native Subscriptions and Allowances
Solana (SOL) enables on-chain recurring payments and allowances, positioning itself as a key player in blockchain-based finance.
Solana (SOL) Foundation Backs Onchain Perps Push
Solana (SOL) Foundation launches initiative to support fully onchain perpetual futures and derivatives with funding, tech, and infrastructure.
Altcoins Enter Rotation Phase as NEAR Rallies, SOL Weakens
Altcoin markets show bifurcated liquidity with NEAR surging 72% while Solana and Ethereum face mild pullbacks amid key ecosystem updates.
Streamex and Orca Debut Solana-Based Trading for GLDY Token
Streamex and Orca launch a Solana-based trading system for tokenized securities, starting with the gold-backed GLDY token. Here’s what investors need to know.