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

Dogecoin

Kalshi moved swiftly to lock down an emerging market for perpetual futures in the U.S., filing to certify a slate of altcoin offerings

Kalshi Eyes Perpetual Futures for XRP, Solana, Dogecoin—And These Altcoins

Solana has closed eight consecutive red monthly candles for the first time in its history, with SOL trading near $81 on June 1, 2026, even as onchain metrics hold at levels that would have seemed bullish just a year ago. 8 Straight Red Months Crypto influencer Ash Crypto addressed the streak directly on June 1.

Solana Posts 8 Consecutive Red Months for First Time as Traders Watch $80 Support

Aptos

The campaign targets crypto, DeFi, AI and security developers with fake tooling packages to steal wallets, SSH keys, GitHub tokens, cloud credentials and browser data.

Solana, Sui and Aptos wallet data targeted in TrapDoor package attack

Ethereum

Real Vision co-founder and CEO Raoul Pal says the crypto bull market remains intact despite months of sideways price action. Rising global liquidity, AI-driven infrastructure demand and accelerating blockchain adoption are setting up the "perfect storm" for crypto assets.

Look Past XRP: Raoul Pal Sees Ethereum, Solana As Main Altcoin Picks Because 'The Worst Is Over'

Hyperliquid

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs shed over $1.4 billion last week as capital rotated into altcoin ETF products chasing newer narratives. Bitcoin ETFs Lost $1.26B, Total Assets Dipped Below $100B Spot Bitcoin ETFs posted $1.26 billion in net outflows last week, bringing the two-week total to more than $2.2 billion.

Bitcoin, Ethereum ETFs Lose $1.4B, But HYPE, SOL, XRP Attract Fresh Inflows: What's Driving The Surge?

Canton

The world's largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves. In a new report, Grayscale says expected regulatory changes, including the Clarity Act that aims to establish rules for classifying and regulating digital assets and guidance from the U.S.

Grayscale Says Ethereum, Solana and Two Additional Blockchains Poised To Benefit From Clarity Act

South Korean prosecutors have arrested and indicted five suspects in what authorities say is the country's first criminal case targeting a rug pull on a decentralized exchange, with the alleged scheme leaving 256 investors with approximately $600,000 (900 million won) in combined losses.

South Korea Files First Criminal Case Over DEX Rug Pull, Indicts Five in Solana Meme Coin Scheme

USDC

Cash App users can now transfer on Solana, Ethereum, Polygon and Arbitrum, but executive Miles Suter says the firm is still bitcoin-focused.

Cash App lets users send USDC stablecoins on chains like Solana and Ethereum

SoFi is making its SoFiUSD token available to members, marking a milestone in the convergence of regulated banking and blockchain.

SoFi Launches SoFiUSD Stablecoin Across Ethereum and Solana

Streamex Corp. and Solana-based decentralized exchange ( DEX) platform Orca launched 24/7 secondary liquidity infrastructure for tokenized securities on Wednesday, with GLDY, a gold-backed, yield-bearing token, as the first asset to trade on the system.

Streamex and Orca Build 24/7 Compliant Trading Pool for Gold-Backed Token GLDY on Solana

The charges against the CatFi creators mark the first time South Korean prosecutors have applied the new Virtual Asset User Protection Act.

Solana Meme Coin Surges 6,000% After Creators Arrested Over 'Rug Pull'

The launch comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.

Solana DEX Orca launches new marketplace for tokenized real-world assets

By using fake social media channels, the suspects allegedly lured thousands into buying Solana memecoin CatFi, before abandoning the project.

South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law

Crypto treasury firms Sharplink and Forward Industries will both be included in the Russell 2000 and 3000 indexes at the end of June.

Ethereum Firm Sharplink, Solana Treasury Forward Industries Joining Russell 2000, 3000 Indexes

According to data from earlier this month, about $12.2 trillion in investor assets are benchmarked" to the Russell U.S. indexes.

Ethereum, Solana treasury firms Sharplink and Forward join Russell indexes

Umbra and Streamflow launch private token vesting on Solana, letting projects distribute tokens confidentially at scale.

Solana privacy layer Umbra launches confidential vesting with Streamflow targeting $97B token unlock market

The TrapDoor malware campaign used malicious packages across npm, PyPI, and Crates.io to target crypto developer environments.

Researchers flag TrapDoor malware campaign targeting crypto developer environments including Aptos, Sui and Solana

Bitcoin

Institutional selling pressure remained firmly in control on Tuesday as bitcoin ETFs posted another major wave of outflows, while ether funds extended their losing streak to seven consecutive sessions. In contrast, solana and XRP ETFs continued to attract modest but steady inflows, reinforcing a growing divide in investor sentiment across the crypto market.

Blackrock Drives $331M Bitcoin ETF Outflow as XRP and Solana Funds Attract Inflows

Solana's tokenized real-world asset market expanded 43% in the first quarter, even as broader crypto markets weakened. Application revenue remained resilient, while developers pushed ahead with infrastructure upgrades to dramatically improve network speed and scalability.

Solana Real-World Assets Hit $2B as Tokenized Assets Fuel Ecosystem Growth

A solana staker who locked up nearly a million tokens five years ago has now offloaded more than $137 million worth of sol, but still has $32 million staked. Five Years Staked, One Year Selling A veteran solana holder sold another 30,000 sol for approximately $2.

Solana OG Who Staked for Five Years Has Quietly Cashed out $137 Million in SOL

CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.

XRP and Solana funds attract inflows as bitcoin outflows hit nearly $1 billion

Banking behemoth Goldman Sachs Group, Inc. (NYSE:GS ) sold all its Solana (CRYPTO: SOL) and XRP (CRYPTO: ETF) exchange-traded fund holdings in the first quarter, according to its latest 13F filing released Friday.

Goldman Sachs Abandons XRP, Solana ETF Positions, Cuts Exposure In Bitcoin, Ethereum ETF Positions—Find Out More

Wall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments even as the broader crypto market cools down, according to a new report by Messari.

Solana is shedding its memecoin reputation as big banks move billions into its ecosystem

Goldman Sachs exited its XRP and solana ETF positions during Q1 2026 while sharply reducing exposure to ether funds. The bank maintained sizable bitcoin ETF holdings and increased investments in several crypto-linked equities.

Goldman Sachs Exits XRP and Solana ETFs as Bitcoin Holdings Reach $700M

A crypto trader who staked solana for two years and earned $145,000 in rewards still exited with a net loss of $1.05 million. A Loss Despite Earning Staking Rewards The trader's total cost basis stood at roughly $2.91 million.

News for Solana Crypto (SOL)