Solana is a public blockchain platform designed for high throughput and low transaction costs. It employs a proof-of-history (PoH) consensus mechanism combined with proof-of-stake (PoS) to enable parallel transaction processing. The network is used for decentralized applications, DeFi, and other crypto projects.
Within the DeFi Intel graph, Solana connects to 581 tracked entities, most strongly to Solana token, USD Coin, Visa.
Solana is a high‑performance layer‑1 blockchain designed for decentralized applications and crypto‑assets.
Investors
Andreessen Horowitz Venture Capital
Sequoia Capital Venture Capital
Polychain Capital Venture Capital
Digital Currency Group Venture Capital
Partners
Chainlink Integration Partner
Serum Decentralized Exchange
Binance Exchange Integration
Products
Solana Network blockchain
Funding
2021-07-01 · Series A$250M
2022-08-01 · Series B$250M
Key people
Anatoly Yakovenko Founder & CEO
Greg Fitzgerald Co‑Founder
Timeline & market context
Amber line: BTC price over the last year. Dots: dated events (hack/incident red, fundraise green, partnership blue, launch purple, regulatory amber, news grey).
Frequently asked questions
What consensus mechanism does Solana use?
Solana uses a proof-of-history (PoH) consensus mechanism combined with proof-of-stake (PoS) to enable parallel transaction processing.
What tokens are deployed on Solana?
USD Coin and Visa are deployed on Solana, and the network supports the Solana token.
What recent events are associated with Solana?
Solana is mentioned in relation to Tether committing $127.5M to Drift Protocol's recovery plan after a $270M+ exploit, and Wrapped XRP becoming available across major Solana apps.