Solana

Solana is an open source project implementing a new, high-performance, permissionless blockchain. Solana is a general purpose blockchain similar to Ethereum. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Solana co-founder Anatoly Yakovenko published a whitepaper describing Proof of History, a technique that would become critical to Solana's blockchain infrastructure, in Nov. 2017. 

Co-founder Greg Fitzgerald, who had worked with Yakovenko at Qualcomm, began prototyping the open source implementation of the whitepaper. It was published under the name Silk in 2018. 

After starting the company under the name Loom, Yakovenko, Fitzgerald, and other co-founders rebranded to Solana. Solana launched on Mainnet Beta in March 2020.

Solana was built to facilitate the development of scalable, user-friendly decentralized apps with low costs and high speeds for transactions.

Solana believes its unique blockchain architecture that combines the proof-of-stake consensus mechanism and its own proof of history mechanism is the key to achieving these goals.

Proof of history works almost like a cryptographic timestamp that proves that an event has occurred at a specific time. It enables the blockchain to work fast while maintaining security and decentralization.

There are about 304 million SOL in circulation as of November 2021. Solana has an initial inflation rate of 8%, which will decrease by 15% a year until it reaches a long-term inflation rate of 1.5%. SOL is Solana’s native token.

Solana competes with other blockchain platforms such as Ethereum and Avalanche to host crypto projects such as NFTs, decentralized exchanges, and gaming. 

Developers and users flocked from Ethereum to Solana due to high transaction costs, but many could gravitate back towards Ethereum if it manages to lower costs, which could happen as a result of the Ethereum 2.0 upgrade and layer 2 rollups. 

Solana.com
Docs.solana.com/history
Forums.solana.com

Ondo 

Exodus partnered with Ondo on to launch tokenized trading of 200+ stocks and ETFs directly on the Solana blockchain.

Exodus, Ondo launch tokenized markets with 200-plus stocks and ETFs on Solana

Ethena 

STAC is one of Securitize's in-house offerings that provides onchain access to institutional-grade, floating-rate structured credit.

Ethena Labs to allocate $250 million to Securitize's Tokenized AAA CLO Fund as it deploys on Solana

Solana (CRYPTO: SOL) Foundation President Lily Liu said on Thursday that tokenized shares of SpaceX will be available on the blockchain as soon as the company lists publicly elsewhere. Solana Set To Welcome SpaceX During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise.

Elon Musk's SpaceX Is Coming To Solana Via Tokenized Shares, Says Foundation President

Bitcoin

Ethereum

Bitcoin (CRYPTO: BTC) could eventually reach $1 million, but its path to a new all-time high may require a major catalyst that reinforces its role as decentralized financial infrastructure, according to a Morgan Stanley (NASDAQ:MS) executive. “We're Still Early Stage Here“ Speaking on the Coin Stories podcast, Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said Bitcoin's long-term adoption story remains in its early stages even as major financial institutions continue building products around the asset.

Bitcoin Needs A New Catalyst, Ethereum, Solana, XRP Have Distinct Appeal, Top Morgan Stanley Exec Says

The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.

SpaceX stock is coming to Solana on the same day it lists on Nasdaq

Solana (CRYPTO: SOL) Foundation President Lily Liu noted that the recent weakness in Bitcoin (CRYPTO: BTC) is being driven less by crypto-specific problems and more by capital rotating into AI and other high-growth opportunities. Capital Rotation Behind Price Downfall Liu argued on CNBC on Wednesday that over Bitcoin's 17-year history, it has risen from mere cents to tens of thousands of dollars, reaching as high as $120,000 during the latest cycle.

SpaceX IPO Driving Capital Rotation From Crypto Into AI, Solana Foundation President Says

BTC's dominance rate has risen from last week's low, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle.

Bitcoin advances, holds above key technical level that ether, solana can't break through

CME Group has launched Nasdaq CME Crypto Index futures, giving investors a regulated way to trade and hedge broad exposure to major digital assets. The contracts settle against a Nasdaq-CME benchmark covering some of the largest and most actively traded cryptocurrencies.

CME Group Launches Crypto Index Futures Tracking Bitcoin, Solana and XRP

Solana-based decentralized exchange Raydium will repay the funds swiped in the $1.34 million exploit using its treasury.

Solana Exchange Raydium Hit With $1.34 Million Exploit as DeFi Attacks Grow

The acquisition comes amid a moment of consolidation in the crypto industry and during a resurgent interest in onchain privacy.

Solana infrastructure firm Helius acquires Light Protocol to expand onchain privacy

Players can now enter World Series of Poker tournaments with SOL or stablecoins, with Solana branding to be prominent at events.

Solana Sponsors the World Series of Poker, Enabling Crypto Entry Fees and Payouts

The move marks an integration of blockchain-based payments into a major live sporting and gaming event.

World Series of Poker adds Solana payments for tournament buy-ins

Stocks recovered through SpaceX's oversubscribed IPO, an Nvidia and SK Hynix chip pact, and Apple's AI reboot, while crypto trailed.

Bitcoin steady above $63,000, BNB, SOL edge higher as AI stocks rebound

2026 has delivered a difficult stretch for the crypto market, with each of the five largest crypto assets by market capitalization posting double-digit losses year to date. Out of the top five, solana ( SOL) has borne the brunt of the decline, shedding more than 47% since Jan. 1.

ChatGPT, Grok and Claude Predict Where Bitcoin, Ether, XRP and Solana Could Land by Dec. 31

Bitcoin (CRYPTO: BTC) and other cryptocurrencies are entering the "single biggest macro investment opportunity of all time," says industry expert Dan Tapiero, who expects the digital asset industry to further integrate with traditional finance. Bitcoin Is Core Store-Of-Value Asset Speaking on June 7 on Scott Melker's podcast, Tapiero said that stablecoins, tokenized assets and AI agents are pushing finance on chain faster than most investors realize.

Bitcoin, Ethereum, Solana Down Over 20% In A Month Is The 'Biggest Macro Opportunity,' Expert Claims

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have fallen between 15% and 20% over the past week, pushing sentiment deeper into fear territory. Bitcoin Flashes Rare Oversold Signal Crypto analyst Lark Davis noted on June 4 that Bitcoin's daily RSI dropped to 17, one of the most oversold readings in the past decade and a level previously seen during the March 2020 COVID crash and February 2026 selloff.

Bitcoin, Ethereum, Solana Sentiment Hits COVID Level Lows: Is The Bottom In?

Forward Industries, the largest corporate holder of SOL, has moved 455,784 SOL worth about $31.87 million to Coinbase Prime, its first major transfer in a month, all while sitting roughly $1.13 billion underwater on the position.

Largest Solana Treasury Moves $32M in SOL to Coinbase Prime While Sitting $1.13B Underwater

Bitcoin (CRYPTO: BTC) may not have found its bottom yet, with veteran trader Gareth Soloway warning that the cryptocurrency could still retest $60,000 before a durable recovery forms. "Don't Think We've Reached A Bottom Yet" Speaking with Paul Barron on June 3, Soloway said Bitcoin's current structure resembles a larger bear flag, with recent sideways price action following a steep decline.

Bitcoin, Ethereum, Solana Plunge Over 10% In 1 Week: What Does Technical Analysis Say?

BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

Crypto exchange-traded fund (ETF) flows remained under heavy pressure on Tuesday, June 2, as bitcoin funds posted a 12th straight day of redemptions and ether ETFs extended their losing streak to 16 sessions. Solana and HYPE products drew fresh inflows, but the broader market remained defined by large exits from the two biggest asset classes.

Bitcoin ETFs Lose $519M as Grayscale's GSOL Pulls in Fresh Solana Demand

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) may no longer be the strongest crypto trade heading into the next cycle as capital rotates toward protocols tied to AI, privacy and on-chain applications, according to Real Vision chief crypto analyst Jamie Coutts. The "Lull In Crypto" Speaking on the Milk Road Show on June 2, Coutts argued the next 12 to 24 months could mark the beginning of an "agentic" economy powered by blockchain infrastructure rather than speculative meme-driven narratives.

The 'Best Crypto Bets' In This Market? Not Bitcoin, Ethereum, SOL, XRP If You Ask Raoul Pal's Chief Analyst

Dogecoin

The single biggest unwind was a $59.67 million BTC-USDT long on HTX.

Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%

Arthur Hayes bet $100,000 that Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR) outperforms every other top 10 crypto by year-end, with Multicoin Capital co-founder Kyle Samani accepting and backing Solana (CRYPTO: SOL). Hayes Has $150 Target, Samani Once Called HYPE Everything Wrong With Crypto The wager carries extra weight given the history between the two.

Arthur Hayes: My $100,000 Against Yours That SOL Will Not Outperform The Hottest Coin In The Market

Solana generated $91 million in application revenue in May, more than any other blockchain and ahead of Ethereum's $52 million, according to data shared by Defillama.

Solana Tops All Blockchains With $91 Million in May App Revenue, Beating Ethereum

The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana's network issuance deflationary during periods of very high activity, according to some estimations.

News for Solana Crypto (SOL)