Solana News

Solana (SOL) was launched in 2020 by Anatoly Yakovenko as a high-performance blockchain designed to support thousands of transactions per second through its innovative Proof of History consensus mechanism combined with Proof of Stake. Built to compete directly with Ethereum, Solana offers developers fast transaction speeds and low fees, making it attractive for DeFi applications, NFT marketplaces, and Web3 gaming platforms.

The Solana ecosystem has rapidly expanded to include major DeFi protocols like Serum and Raydium, popular NFT collections, and gaming projects that leverage the network's speed and cost advantages. Despite experiencing several network outages that raised questions about decentralization and stability, Solana has maintained strong developer activity and institutional backing, with SOL serving as both a utility token for transaction fees and a staking asset for network security.

At CoinDesk, we cover comprehensive Solana news from protocol developments and network performance to the thriving NFT and DeFi ecosystems built on the platform. Our reporting tracks Solana's technical improvements, major partnerships, institutional adoption, and the ongoing efforts to address network reliability concerns while maintaining its competitive edge.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

DeFi Development Plans to Raise $1 Billion to Buy More Solana

DeFi Development Corp. plans to use proceeds to bolster its Solana-focused treasury strategy and fund corporate initiatives.

By Francisco Rodrigues, AI BoostApr 26, 2025

Solana portfolio shown on a laptop (Amjith S/Unsplash)

Finance

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices

By Krisztian Sandor, AI BoostApr 23, 2025

The Solana conference's closing gala in Lisbon's main square. (Zack Seward/CoinDesk archives)

Markets

SOL Strategies Surges on Up to $500M Credit Facility for Solana Investment

The Toronto-listed firm said it will use the capital to buy more SOL and expand its Solana validator business.

By Krisztian SandorApr 23, 2025

Leah Wald, President and CEO of SOL Strategies. (SOL Strategies)

Markets

Janover Buys Another $11.5M in SOL, Gets Renamed Amid Crypto Treasury Strategy Play

The Nasdaq-listed company now holds over $36 million in SOL since adopting a Solana treasury strategy earlier this month.

By Krisztian SandorApr 22, 2025

A Solana booth at ethDenver (Danny Nelson)

Markets

GSR Anchors $100M Investment in Upexi to Purchase SOL, Stock Rockets 700%

Upexi will use the capital to build a treasury model centered on solana staking, with GSR leading the private placement.

By Francisco RodriguesApr 21, 2025

Markets

Solana Surges 4.5% as Canada Launches First Spot ETFs

North American institutional interest grows as SOL reclaims DEX dominance over Ethereum with 16% weekly gain.

By AI BoostApr 17, 2025

SOL 24-hour chart with price rising to $134.60 after ETF news.

Markets

Janover Takes Page From Saylor Playbook, Doubling SOL Stack to $20M as Stock Soars 1700%

Former Kraken executives led by Joseph Onorati took over the real estate-focused fintech company aiming to become the first U.S.-listed firm with treasury strategy centered on Solana.

By Krisztian SandorApr 15, 2025

Janover's stock is taking off following its crypto pivot (Getty Images/Daniel Garrido)

Markets

First Spot Solana ETFs to Hit Canadian Market This Week

Four issuers — Purpose, Evolve, CI and 3iQ — are bringing their products to the Toronto Stock Exchange on Wednesday.

By Helene BraunApr 15, 2025

vancouver-canada-flag-shutterstock_119379478

Markets

XRP, SOL and ADA Flash Bullish Patterns as Traders Eye Recovery

XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.

By Shaurya Malwa, AI BoostApr 14, 2025

Watch out for a spike in key bond market index. (Pixabay)

Markets

'A Joke Wrapped in Volatility': Fartcoin Rallies Absurd 300% Defying Global Market Carnage

One trader noted that Fartcoin's face-melting outperformance is the "perfect metaphor" for the current times when even traditional assets trade like a joke.

By Krisztian SandorApr 12, 2025