Solana

Solana is a blockchain platform that is designed to host scalable decentralized applications. The open-source project was founded in 2017 by the Solana Foundation in Geneva, and the blockchain was built by Solana Labs which is located in San Francisco. Solana is a Proof of Stake (PoS) blockchain that also uses hashed timestamps to verify transactions, called Proof of History (PoH). Unlike Bitcoin and Ethereum which do not utilize clocks, Solana utilizes a clock to simplify network synchronization which results in exceptionally fast transaction speeds. Its architecture is designed to support 710,000 transactions per second (TPS) and achieving that speed is only limited by network capability and infrastructure. Solana’s token can be found on most exchanges under the ticker symbol SOL.

How does Solana work?

At its core, Solana’s high throughput is achieved by its unique consensus mechanism called Proof of History (PoH). PoH orders transactions by utilising cryptographic timestamps, enabling a secure and efficient consensus. It arranges events in a linear, verifiable sequence, ensuring accuracy without using intense computational resources. Nodes prove the passage of time by solving complex puzzles, which creates a historical record. This method establishes an order for transactions, reducing the need for energy-intensive calculations, enhancing scalability, and securing the network against manipulation, allowing for faster and more reliable consensus.

PoH’s unique methodology enhances the efficiency, scalability, and security of blockchain networks. It significantly reduces the computational workload required for reaching consensus, thereby improving scalability. By accurately ordering events through timestamps, PoH ensures a reliable and tamper-proof historical record, enhancing security against potential manipulation or fraud.

Source: ByteTree Research (Shehriyar Ali), Dec 14 2023

Source: SOLANIANS. Solana Ecosystem

Rapid Expansion

The Solana ecosystem is experiencing rapid growth and development consisting of more than 600 projects (some have tokens and some do not). Core ecosystem categories include Wallet, Defi, Infrastructure, Oracle, Application, Gaming, NFT, and Tooling & Explorer. There are more than 2,500 active developers building on Solana and the blockchain had 40.7M average daily user transactions (Q4, 2023).

Check out Solana’s latest ecosystem development report (8 January 2024).

2023 State of the Solana Developer Ecosystem

SOL price capped at $140 as altcoin ETF rivals reshape crypto demand

SOL price capped at $140 as altcoin ETF rivals reshape crypto demand

SOL struggles to extend its gains as declining activity, falling leverage demand and competition from newly launched spot altcoin ETFs challenge Solana's price rebound.

Base and Solana open liquidity and asset bridge

Base and Solana open liquidity and asset bridge

The Base-Solana bridge has officially gone live on mainnet, according to an announcement shared via Base's official X page. It marks a major step forward in cross-chain interoperability between Base and Solana.

Franklin Templeton joins Solana ETF race with SOEZ – Details here!

Franklin Templeton joins Solana ETF race with SOEZ – Details here!

Will SOEZ unlock a new wave of Solana demand?

Solana Mobile Announces 2026 Token Launch Despite Security Concerns Around Seeker Chip

Solana Mobile Announces 2026 Token Launch Despite Security Concerns Around Seeker Chip

Solana Mobile's push into decentralized mobile technology is approaching a new chapter, with the company confirming that its SKR token will launch in January 2026. The token is meant to anchor the Solana Seeker ecosystem, supporting…

Base and Solana Now Connected Through New Cross-Chain Bridge Powered by Chainlink CCIP

Base and Solana Now Connected Through New Cross-Chain Bridge Powered by Chainlink CCIP

A major step toward cross-chain interoperability has arrived with the launch of a new bridge connecting Base, Coinbases layer-2 network, and the Solana blockchain. Now live on mainnet, the Base-Solana bridge allows users and developers to…

Reversal Loading? Bitcoin, Ethereum, And Solana Build Powerful High-Time-Frame Structures

Reversal Loading? Bitcoin, Ethereum, And Solana Build Powerful High-Time-Frame Structures

In the volatile theatre of the cryptocurrency market, Bitcoin, Ethereum, and Solana are showing signs of a potential high-time-frame reversal. After weeks of stress and price compression, each of the top assets is now stabilizing at key…

Solana Price Prediction: Trillion-Dollar Asset Manager Vanguard Just Backed SOL – Is the SOL…

Solana Price Prediction: Trillion-Dollar Asset Manager Vanguard Just Backed SOL – Is the SOL…

The second-largest asset manager just unlocked access to its 50 million client base – Solana price predictions could have the fuel for a $1000 move.

Anthony Scaramucci: Solana Poised as a Long-Term Crypto Winner

Anthony Scaramucci: Solana Poised as a Long-Term Crypto Winner

TL;DR: Solana's fast and low cost design positions it as a strong candidate for large scale tokenized finance. Tokenization of real world assets could drive major institutional adoption across multiple sectors. Long term infrastructure…

Scaling on-chain: Can Solana and Revolut beat Ethereum in 2026?

Scaling on-chain: Can Solana and Revolut beat Ethereum in 2026?

Payments, partnerships, and timing: Solana vs. Ethereum. Beyond institutionalizing crypto assets, 2025 has shaped up to be a bullish year for bringing blockchain use-cases into the mainstream. Think integration into the payments market or…

Solana and Ethereum Network Base Are Now Connected Thanks to Coinbase and Chainlink

Solana and Ethereum Network Base Are Now Connected Thanks to Coinbase and Chainlink

Solana and Base are now connected thanks to a new bridge secured by Chainlink's interoperability protocol and crypto exchange Coinbase.

Base–Solana Bridge Goes Live With Chainlink Integration, Boosting Cross-Chain Liquidity

Base–Solana Bridge Goes Live With Chainlink Integration, Boosting Cross-Chain Liquidity

Coinbase's Layer-2 network, Base, has launched its first official Solana bridge. This allows users to transfer crypto funds across the two networks without complex procedures or third-party applications.

Coinbase incubated Ethereum L2 Base network rolls out bridge to Solana

Coinbase incubated Ethereum L2 Base network rolls out bridge to Solana

Popular Ethereum Layer 2 Base will now support Solana-based assets natively, and enable the export of Base assets onto Solana.

Gemini Secures Custody for VanEck’s Solana ETF as SOL Stalls Near $144

Gemini Secures Custody for VanEck’s Solana ETF as SOL Stalls Near $144

Gemini provides custody for VanEck Solana ETF, boosting regulated crypto exposure as Solana tests key $144 resistance levels.

After Faking Death, Zerebro Founder Unveils AI-Penned Manifesto and New Solana Coin

After Faking Death, Zerebro Founder Unveils AI-Penned Manifesto and New Solana Coin

The manifesto argues for a future in which AI and humans will converge biologically, chemically, and surgically in a new form of humanity.

Solana’s Price Exhibits Bullish Patterns Amid Growing Investor Optimism

Solana’s Price Exhibits Bullish Patterns Amid Growing Investor Optimism

On December 4, 2025, Solana's price showcased a bullish trend by establishing a failed auction at the crucial $131 support level. This development has stirred optimism among investors, suggesting an imminent rally towards the next…


NFTs on Solana

Emerging Use Cases

Non-fungible Tokens (NFTs) have been one of the most popular aspects of blockchain technology. New capabilities and use cases are being discovered as more and more people (and traditional sectors) explore the world of authenticated digital assets. There are two excellent articles worth your time as they describe the world of NFTs on Solana and how that aspect of the blockchain is developing and advancing:

Solana NFT Marketplace Development: Blockchain App Factory

Solana NFTs in 2024: Thomson Richard, The NFT Daily Dose

Consumer & Dev Projects

Solana Infrastructure Projects