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What Is Solana (SOL)? Everything You Need to Know About Solana Based Projects



Solana is a public blockchain platform. Open source and decentralized, with consensus, achieved using proof-of-stake and proof-of-history. It can facilitate peer-to-peer transactions with its built-in cryptocurrency SOL and claims to support 50,000 transactions per second.

Anatoly Yakovenko is the founder and CEO of Solana. Bloomberg sees Solana as a “potential long-term competitor for Ethereum,” the world leader in NFT art transactions. Like Ethereum, Solana can interact with smart contracts. Solana’s value rose two hundred times faster than bitcoin in the first nine months of 2021,  increasing more than 13,000% over that period. SOL token was listed on Coinbase on June 17, 2021.

On September 14, 2021, the Solana blockchain went offline for about 18 hours after a transaction surge caused the network to fork, and different validators had different views on the state of the network. The network was successfully brought back online early September 15.

Coin SOL
Original author(s) Anatoly Yakovenko, Alevtina Yakovenko
White paper
Initial release April 2019
Code repository
Development status Active
Software language Rust
Developer(s) Solana Labs & Solana Foundation
Solana Blockchain
Block time 4.5 sec
Block explorer
Circulating supply 293,511,228.57 SOL (as 13st Sep 2021)
Solana Price Details
Solana Price US$157 (September 2021)
Market cap $46B (September 2021)

The third-generation blockchain focused on increasing the speed and number of transactions is called Solana, while the network’s utility token is called SOL. Solana is a blockchain network capable of executing thousands of transactions per second. It also enables the creation of smart contracts and decentralized applications on the blockchain.

Solana was founded in 2017 by Anatoly Yakovenko. Yakovenko has experience working at Qualcomm and Dropbox. The Solana team currently includes experts with experience working at companies such as Apple, Intel, Google, Microsoft and Twitter.

What does Solana (SOL) do?

The focus of the Solana blockchain is to increase the speed and number of transactions. Using Proof of Stake as a consensus mechanism, blockchain significantly speeds up the confirmation time of transactions with a method called Proof of History.

Keeping track of the order of pending transactions is of great importance for cryptocurrencies. In the Bitcoin blockchain using Proof of Work, transactions are grouped in blocks in an unordered manner. Bitcoin miners add a single timestamp to the block they create. These blocks also need to be confirmed by all other nodes, so the verification time of transactions can also take quite a long time. The timestamp can sometimes be wrong.

In Solana’s SHA256 hash feature, the hash of one transaction is used as input for the hash of the next transaction, and the blockchain processes the sequence of transactions into the hash. This eliminates the need for timestamping and significantly reduces the time it takes for nodes to verify the order of operations.

Solana blockchain, which can process thousands of transactions per second, can create blocks in an average of 400 milliseconds. By comparison, the average block time on the Bitcoin blockchain is 10 minutes, while on the Ethereum blockchain it is 15 seconds.

SOL is the intended use token of the Solana blockchain. The transaction fee on blockchain and smart contracts is paid with SOL. The token is also used for staking on the blockchain with Proof of Stake consensus mechanism. SOL can also be used as a governance token in decentralized applications developed on the blockchain.

SOL is based on the SPL protocol, the token standard of the Solana blockchain. Blockchain occasionally burns and removes SOL tokens from circulation to reduce inflation. As of May 2021, the total supply is 494,519,162 and the circulating supply is 272,637,428. SOL hit an all-time high of $58.30 on May 18, 2021, as of May 2021.

Where and how to buy SOL?

As of May 2021, It is possible to buy and sell the token on foreign exchanges such as Binance, FTX, Huobi, Bitfinex,, OKEx, HitBTC, and

Truth really catches up. Not only has the SOL token increased by 2000% in the last 5 months, after a series of hackathons, there are more than 250 projects in the Solana ecosystem. These applications include Solana wallets, DEXs, lending protocols, betting platforms, games, entertainment, storage solutions, NFT marketplaces and much more.

Solana Based Projects: Top Projects on Solana

Let’s take a quick look at some of the best projects built in Solana today.


Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain. Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book, meaning pools have access to all order flow and liquidity in Serum. The protocol has already garnered a lot of attention, recently surpassing the $700 million market for Total Value Locked (TVL). Raydium has also launched one of their projects, Fusion Pools, which offers double lucrative rewards for both liquidity providers and stakers.


Orca claims to create a more human-centered experience for merchants in Solana. For example, the Fair Price Indicator helps determine if a particular pool is getting a good deal on price drift. It’s still early for this project but some of the planned features include Wormhole (the cross-chain bridge between Ethereum and Solana), collectible tokens for early adopters, analytics, and an expanding selection of trading pairs.

Hedgehog Markets

Still, in closed Beta, Hedgehog is a passive returns prediction market platform for LPs. The prediction market, also known as the information market or the decision market, is a platform where participants can predict the outcome of future events. Users of the platform can hedge or trade a range of results, from election results to sporting events and auction selling prices. After a market expiration, smart contracts interact with data services or oracles to validate the result and automatically distribute the results to users. is a mobile application that provides offline maps using OpenStreetMap data. It has now reached over 140 million users and has recently integrated DeFi features into the app, providing familiar travel rewards programs and discounts, and management features on certain aspects of the ecosystem. As people mostly use the app while traveling, is further developing its ecosystem to become a travel-focused crypto wallet, offering features like payments, accommodation booking, funds transfers and asset management. is like a decentralized AW or Firebase, enabling dApps and protocols to replace central parts of their stack with a completely decentralized architecture. achieves this by providing decentralized databases (including file storage), computation, and a decentralized identification (DID) framework.

The Media Network

The Media Network is an open source, decentralized and censorship resistant live streaming hosting protocol. It is a new protocol that bypasses the centralized approach of traditional CDN providers and instead offers a decentralized P2P bandwidth marketplace, allowing anyone to join and serve content without any presumption of trust or pre-authentication requirements. Participants earn MEDIA rewards for their bandwidth contributions, a stable supply token printed on Solana’s Blockchain.


SolFarm is a return collection platform with automated merging cashiers strategies. Leveraging Solana’s low-cost blockchain transactions, SolFarm allows for frequent compounding strategies, allowing LP stakers to benefit from maximized APYs without involving active management.


Oxygen is a DeFi Prime Brokerage Protocol built for the next chapter in decentralized finance. The platform allows you to borrow, short, trade leverage, earn returns by reusing the same collateral, and create custom baskets or ETFs to trade.


Anchor offers a simple and convenient savings product with wide appeal for everyday users. By generating returns from multiple proof-of-stake blockchains, it offers a better return than any traditional savings product. Anchor gives deposits to borrowers who download liquid stake Proof-of-Stake assets from major blockchains as collateral to generate returns.


Step.Finance is the front page of Solana. It’s the tab you keep open all day to visualize, analyze, execute and aggregate transactions across all Solana contracts in one dashboard. Users can interact with their favorite protocols from the Step control panel, which can include farming, pools, swaps and automated strategies.


Audius is a blockchain-enabled music streaming platform that puts power back in the hands of content creators. It has been around for several years and was originally deployed to Ethereum. However, after careful testing, the team recently decided to move to Solana to better serve its rapidly expanding user base and has now grown to over 1 million monthly listeners.

It is undeniable that the Solana Summer will be long and hot.

Most of the projects launched on the blockchain are still in development, but those that have been launched have done so successfully. With a market cap of over $10 billion, price flexibility when most other top coins are red, and a rapidly expanding and thriving community, Solana ranks high in the decentralized economy.


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What is Baby AGI: A Comprehensive Guide For Beginners




Artificial Intelligence (AI), an omnipresent force subtly weaving through the fabric of modern life, has ushered in a new era of innovation and automation. From virtual assistants like Siri and Alexa to the sophisticated recommendation engines driving platforms like Netflix and Amazon, AI’s impact is unmistakable. A groundbreaking stride in AI’s evolution is the emergence of Baby Artificial General Intelligence (AGI), an advancement poised to reshape our existence by automating a diverse spectrum of tasks. This article delves into the essence of Baby AGI, its mechanics, and the boundless vistas it opens for application.

Introducing Baby AGI: Pioneering Autonomy and Efficiency

Laying the foundation for an era of self-sustaining AI, Baby AGI is a groundbreaking autonomous agent meticulously crafted using the Python programming language in tandem with the OpenAI and Pinecone APIs. This innovative entity possesses the prowess to independently initiate and execute tasks, effectively revolutionizing workflow dynamics. Much akin to its human counterparts, Baby AGI demonstrates the capacity to learn, comprehend, and execute tasks spanning a myriad of domains, distinguishing itself from the narrower confines of specialized AI.

Exploring Baby AGI’s Boundless Potential

While the infancy of Baby AGI’s journey is undeniable, the scope of its applications is nothing short of prodigious. From crafting literary marvels to orchestrating intricate travel plans, Baby AGI promises the ability to undertake tasks demanding a human-like grasp of context and nuance. Crucially, it is imperative to grasp that Baby AGI doesn’t supersede human intellect; rather, it serves as an invaluable tool for task automation, driving productivity gains across domains.

Embarking on the Journey: Navigating the Prerequisites

Utilizing Baby AGI mandates a trifecta of essentials:

  1. Adequate Hardware: While specific hardware prerequisites remain nebulous, a computer boasting a minimum of 4GB RAM is advised to ensure seamless operations. Optimal hardware guarantees expedient task execution.
  2. API Key Activation: Empowering Baby AGI necessitates procuring API keys from OpenAI and Pinecone. This entails simple steps for key generation.
    • OpenAI API Key Generation:
      • Access, then log in or establish an account.
      • Click the profile icon, selecting “View API Keys.”
      • Create a new secret key with a designated name.
    • Pinecone API Key Generation:
      • Visit and access your account or create a new one.
      • Navigate to “API Keys” on the left-hand side, then proceed to generate a new API key.
  3. Stable Connectivity: Unlike offline AI tools, Baby AGI thrives on an unwavering internet connection, underscoring the need for dependable connectivity.

A Comprehensive Guide to Harnessing Baby AGI’s Potential

The journey commences by embracing the steps outlined below:

Step 1: Python Installation

Begin by installing Python, an essential programming language requisite for executing Baby AGI. Visit, acquire the latest version of Python, and follow platform-specific installation guidelines.

Step 2: Acquiring Baby AGI Files

Through your terminal (Mac/Linux) or Command Prompt (Windows), input “git clone” and press Enter. This directive triggers the download of imperative Baby AGI components from the designated GitHub repository.

Step 3: Package Installation

Within the downloaded directory, execute “pip install -r requirements.txt” in the terminal or Command Prompt. This single command orchestrates the installation of essential packages, forming the bedrock of Baby AGI’s operational architecture.

Step 4: Configuration Precision

Upon successful package installation, locate and rename the “.env.example” file to “.env”. This configuration file is instrumental in establishing the operational context for Baby AGI.

Step 5: Enabling API Integration

Edit the renamed “.env” file using a text editor to input your OpenAI and Pinecone API keys. These keys imbue Baby AGI with the prowess to interact with external services, accentuating its capabilities.

Step 6: Igniting Baby AGI

Within your terminal or Command Prompt, input “python” and hit Enter. This catalyst sets Baby AGI in motion, ushering in its active presence and potential for interaction.

Step 7: Catalyzing Interaction

Elevate Baby AGI’s prowess by offering input that encapsulates your AI agent’s designation, the focal domain, and the inaugural task you seek to delegate. This framework defines its mission, enabling adept execution guided by your specifications.

A Glimpse of Baby AGI in Action

Illustrating Baby AGI’s potential, envision a scenario where it functions as a cyber insurance underwriter, identifying vulnerabilities primed for cyber insurance claims. Tasked with grasping cyber insurance nuances and dissecting potential issues, Baby AGI exemplifies task automation at its zenith.

Navigating Current Usage and Future Trajectories

Though yet to infiltrate commercial applications, Baby AGI captivates researchers and pioneers. Yohei Nakajima’s Baby AGI project harnesses machine learning and reinforcement learning, mirroring human growth patterns. Foreseeing the dawn of advanced educational tools and more sophisticated chatbots, the path forward entails overcoming challenges of safety and ethics.

Concluding Remark

Baby AGI crystallizes the zenith of AI evolution, steering us towards the realization of AI agents mirroring human cognition. Pioneering the realm of task automation, this nascent marvel harbors potent potential. Though in its infancy, Baby AGI pledges to empower and reshape the landscape of productivity.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Forbes.)

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What is Wrapped?




red and white gift box with ribbon bow

Wrapped is a term used in the cryptocurrency industry to refer to a digital asset that represents another asset or currency on a different blockchain. This allows users to trade or use assets on one blockchain, while still retaining the value of the asset on its original blockchain.

For example, the Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. When a user wraps their BTC into WBTC, they receive an equivalent amount of WBTC on the Ethereum blockchain. This allows them to use BTC in Ethereum-based decentralized applications (dapps) or trade BTC on Ethereum-based decentralized exchanges (DEXs) without needing to transfer the actual BTC to the Ethereum blockchain.

The process of wrapping an asset involves locking the original asset on its blockchain and minting an equivalent amount of the wrapped asset on another blockchain. The wrapped asset is then pegged to the original asset’s value, usually through the use of a smart contract. When a user wants to redeem their wrapped asset for the original asset, the wrapped asset is burned, and the original asset is released back to the user.

Wrapped assets are useful because they allow for interoperability between different blockchains and can increase liquidity and trading volumes for certain assets. They can also enable new use cases for assets that were previously restricted to a specific blockchain.

In addition to WBTC, there are many other wrapped assets, including Wrapped Ether (WETH), Wrapped Litecoin (WLTC), and many others.

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What is Wash Trading?




Free person in washing machine

Wash trading is a practice that involves buying and selling a cryptocurrency asset for the purpose of creating the impression of greater market activity and trading volume than actually exists. It involves a trader simultaneously buying and selling the same asset to manipulate the price and create a false sense of demand and liquidity.

In the context of cryptocurrencies, wash trading is a fraudulent activity that can deceive investors and traders into thinking that a particular asset is more popular and valuable than it really is. This can lead to an artificial price increase, which can be exploited by the traders involved in the wash trading scheme.

Wash trading is typically used by unscrupulous traders and market manipulators who want to artificially inflate trading volumes or prices to attract other investors or traders to buy the asset. It is also sometimes used to manipulate prices to trigger stop-loss orders or liquidations, which can cause panic selling and create opportunities for the wash traders to profit.

Wash trading is illegal in traditional financial markets, and many jurisdictions have laws against it. In the crypto industry, some exchanges and regulators have taken steps to crack down on wash trading, including implementing monitoring tools to detect and prevent it.

Investors and traders should be cautious of assets with unusually high trading volumes, as they may be subject to wash trading. It’s important to do your own research and use reliable sources of information before investing in any cryptocurrency.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.