S

Solana

SOL

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A high-performance, low-cost blockchain network for decentralized applications

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Details

This content is generated by RD AI and is for reference only

Solana is a high-performance, permissionless blockchain network designed to provide scalable infrastructure for decentralized applications. It achieves high throughput and low transaction costs through its unique Proof of History mechanism and Tower BFT consensus. Developers can write programs (smart contracts) in Rust or C++, and interact with them via RPC APIs or official SDKs (e.g., @solana/kit). Users sign and send transactions through supported wallets (e.g., Phantom). Its ecosystem spans payments, DeFi, NFTs, and gaming.

Ecosystem(1):
Founded:
2017
Location:
United States

Event Calendar

May 1, 2018
Solana completed a Seed round
Jul 30, 2019
Solana raised $ 20 M in Series A round
Mar 23, 2020
Solana raised $ 1.76 M through ICO
Mar 31, 2020
SOL is live for trading
Mar 31, 2020
Solana is live on mainnet
Jun 9, 2021
Solana raised $ 314 M in funding round
May 9, 2023
Solana Labs Mobile Saga Available to the Public

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About Solana

Solana's development is marked by several pivotal milestones. In 2020, the mainnet launched, introducing Proof of History (PoH) to achieve high throughput and low fees, establishing a foundation for scalable decentralized applications. In 2023, after network stability challenges, core upgrades like QUIC and fee market improvements were implemented, leading to zero major outages. A significant turning point came in August 2025 when Solana activated its first on-chain governance vote, with proposals SGP-0001 and SGP-0002 passing. SGP-0001 established a formal governance framework, while SGP-0002 ('Double Disinflation') accelerated the disinflation rate from 15% to 30%, reducing future SOL issuance by approximately 18.9 million tokens over six years. This marked a shift towards a more mature economic model. Concurrently, technical advancements continued, including reducing slot time to 350ms and increasing block compute limits to 100 million CU, with plans for 200ms slots. These upgrades, alongside the deployment of Firedancer, enhanced network performance. The ecosystem expanded into real-world assets, stablecoin payments, and tokenized stocks, with major integrations like MoneyGram enabling crypto cash services across 170+ countries. These developments highlight Solana's evolution from a high-performance chain to a robust platform balancing technical innovation, governance maturity, and real-world adoption.

Updated: Aug 29, 2026

Anatoly Yakovenko (Co-founder & CEO): Ex-Qualcomm, Dropbox; created Solana and PoH consensus.

Raj Gokal (Co-founder): Ex-Omada Health, Sano; investor at General Catalyst.

Lily Liu (Foundation President): Ex-investor; leads Solana Foundation.

Vibhu Norby (Chief Product Officer): Product lead at Solana.

Yelena Cavanaugh (General Counsel): Ex-Cooley, Sullivan & Cromwell; law clerk.

Matt Sorg (VP of Technology): Tech leadership at Solana.

Phil Chang (Deputy General Counsel): Ex-Ropes & Gray.

Michael Coates (Chief Information Officer): Security/IT leadership at Solana.

Updated: Aug 29, 2026

Solana has recently seen two key team additions. In March 2026, Taylor Fox joined as Consumer Lead, focusing on driving end-user applications and growth. In June 2026, veteran security expert Michael Coates took on the role of CIO, bringing extensive CISO experience from Mozilla and Twitter to strengthen network and ecosystem security. These moves signal Solana's dual focus on expanding its user base and reinforcing security governance.

Updated: Sep 8, 2026