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Solana
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High-performance blockchain for decentralized applications
Solana
Work Here?
High-performance blockchain for decentralized applications
About Solana
Industries
Data & Analytics
Crypto & Web3
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$365.5M
Headquarters
San Francisco, California
Founded
2018
Overview
Solana is a blockchain platform that enables the development of fast, secure, and scalable decentralized applications and cryptocurrencies. It achieves impressive speed with block times of just 400 milliseconds and can process thousands of transactions per second, making it appealing for developers aiming for mass adoption of their applications. Solana uses a proof-of-stake consensus algorithm, which selects block creators based on their stake, ensuring data security and reducing environmental impact, as each transaction consumes a minimal amount of energy. The platform operates on a transaction-based business model, charging low fees of less than $0.0025 per transaction, which helps generate revenue as more users engage with the platform. Solana stands out in the blockchain market by offering a combination of speed, security, and eco-friendliness, with the goal of facilitating widespread use of decentralized technologies.
Simplify's Take
What believers are saying
- Token-2022 upgrade enhances Solana's token functionalities, attracting more developers and users.
- GamerBoom's $9M funding highlights interest in AI-driven solutions on Solana's platform.
- Phantom wallet's multi-blockchain support increases Solana's user base and versatility.
What critics are saying
- $TRUMP meme coin launch may attract regulatory scrutiny due to political associations.
- U.S. crypto reserve plans could increase competition and regulatory challenges for Solana.
- Phantom's expansion to other blockchains may dilute Solana's unique value proposition.
What makes Solana unique
- Solana offers block times of 400 milliseconds, enabling thousands of transactions per second.
- The platform uses a proof-of-stake network, minimizing environmental impact and enhancing security.
- Solana charges minimal transaction fees, providing a cost-effective solution for developers and users.
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Funding
Total Funding
$365.5M
Above
Industry Average
Funded Over
5 Rounds
Andreessen HorowitzBenefits
Very competitive salary and benefits
Unlimited vacation policy
Generous wellness benefits and equipment/workspace budget
Life & Disability Insurance
401k program
Yearly, all expenses paid offsites (sometimes for the whole family!)
Options to work in San Francisco, Boulder, or San Diego offices (or remote!)
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -4%2 year growth
↑ 0%On Friday (March 7), the crypto industry came to Washington D.C. Specifically, they came to the White House’s State Dining Room, where the nation’s first ever “Crypto Summit” was held. President Donald Trump, flanked by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. “AI and Crypto Czar” David Sacks, addressed the more than two dozen crypto executives and federal agency representatives gathered to provide feedback on how the U.S. can become a leader in the digital asset space. “Unfortunately, in recent years the U.S
The entities that created the $TRUMP meme coin reportedly made at least $350 million in the three weeks after its launch. In addition to earning $314 million from token sales and $36 million from fees directly on the Solana blockchain, the entities likely made more money from tokens offered on cryptocurrency exchanges, the Financial Times reported Friday (March 7), citing its own analysis of blockchain data. CIC Digital, an affiliate of The Trump Organization, and Fight Fight Fight own 80% of the tokens, according to the report
In a move to position the United States at the forefront of the digital asset landscape, President Donald Trump’s administration plans to create a U.S. cryptocurrency reserve. The strategy, revealed Sunday (March 2), goes further than previous campaign promises around a “stockpile” of crypto seized by law enforcement. A crypto reserve implies that the U.S. government will buy and hold cryptocurrencies with American tax dollars. It’s not just any cryptocurrencies, however
Solana is rolling out its Token-2022 upgrade, designed to bring more advanced token functionalities and real-world utility to the network.
In November 2024, Eclipse debuted its public mainnet, integrating Solana's speed with Ethereum's liquidity, while relying on Celestia for data availability.
There are no jobs for Solana right now.
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About Solana
Industries
Data & Analytics
Crypto & Web3
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$365.5M
Headquarters
San Francisco, California
Founded
2018
There are no jobs for Solana right now.
Find jobs on Simplify and start your career today