Solana

Solana

High-performance blockchain for fast transactions

Overview

Solana is a blockchain platform that enables fast, secure, and scalable decentralized applications and cryptocurrencies. It uses a proof-of-stake consensus, processing blocks in about 400 milliseconds and handling thousands of transactions per second with very low fees. Solana differentiates itself by combining high throughput with low costs and an eco-friendly design to support broad adoption. Its goal is to provide reliable, affordable infrastructure that helps developers and everyday users build and use decentralized applications.

About Solana

Simplify's Rating
Why Solana is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Fintech

Crypto & Web3

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$394.1M

Headquarters

San Francisco, California

Founded

2018

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Simplify's Take

What believers are saying

  • September 24, 2026 hires added Binance and Polygon operators for institutional payments expansion.
  • SEC approved public-chain tokenized stock trading on September 23, and Solana says architecture is live.
  • Alpenglow testnet and 250ms slot reductions strengthen latency leadership for merchants and exchanges.

What critics are saying

  • August 12, 2026 TeraSwitch outage took 28.83% stake offline, nearing finality halt.
  • A small number of infrastructure providers concentrate stake, creating single-point failure exposure.
  • Ethereum and tokenization rivals can replicate payments and RWA workflows before Solana monetizes them.

What makes Solana unique

  • Solana targets 150ms finality with Alpenglow, versus 12.8 seconds today.
  • Column chose Solana as default stablecoin rail for instant USDC and USDT conversions.
  • Solana processed $5 trillion stablecoin volume in 2026, proving real payment throughput.

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Funding

Total Funding

$394.1M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

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

Headcount

6 month growth

↓ -1%

1 year growth

↑ 1%

2 year growth

↑ 0%
PR Newswire
Sep 24th, 2026
Solana Foundation appoints Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments.

Solana Foundation appoints Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments. Sep 24, 2026, 09:00 ET Appointments strengthen institutional growth and payments leadership as more financial activity moves onto Solana NEW YORK, Sept. 24, 2026 /PRNewswire/ - Solana Foundation, a non-profit dedicated to the decentralization, growth, and security of Solana, today announced the appointment of Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments. Appointments strengthen institutional growth and payments leadership as more financial activity moves onto Solana. These appointments reflect the maturation of the Solana ecosystem and come at a point of step-change in onchain activity. In 2026 alone, Solana has processed more than $5 trillion in stablecoin volume. Real-world assets on the network have surpassed $4.5 billion, while tokenized equity supply has crossed $620 million. Payments, treasuries, funds and equities are moving beyond experimentation and into production on Solana - operating globally, 24 hours a day. That shift has a name: the Token Supercycle - the long-term migration of money, assets and ownership onto always-on internet infrastructure. It is the thesis behind Internet Capital Markets, where any asset can be issued, traded and settled natively on the internet, and where market access is defined by connectivity rather than by geography or institutional tier. Conlan's remit is to convert that thesis into adoption: leading strategy across institutional partnerships, ecosystem growth and the go-to-market that brings Solana's infrastructure to the companies and users who will run on it. She joins from Binance, where she spent three years as Global Chief Marketing Officer, and previously held senior leadership roles at OKX, CAA Sports and Havas. Raees will build on Solana's existing momentum in payments as General Manager of Payments, working with payment companies, enterprises and the broader ecosystem to expand the adoption and reach of Solana as global payments infrastructure. He joins from Polygon Labs, and previously held roles at Bridge and Wyre. "The Solana ecosystem is growing in both scale and ambition. We're in the early innings of the Token Supercycle, where all assets and financial activity become native to the internet, enabling markets that are faster, more accessible and always on," said Lily Liu, President, Solana Foundation. "Exceptional leaders choose Solana because they want to be close to what's being built. Rachel brings deep experience translating complex technology into something people actually adopt, while Jamal brings years of experience building payment infrastructure and working with enterprises on the future of money. That is the work in front of us. The question is no longer whether markets move onchain - it's how fast, and onto whose infrastructure." "What brought me to Solana was the ambition of the builders and how much it is already being put to use," said Rachel Conlan, Chief Strategy Officer, Solana Foundation. "The opportunity now is to bring that to a much wider audience. That means making the value clear, building the right institutional relationships and helping businesses move from interest to implementation." "Payments are one of the clearest areas where blockchain infrastructure is moving from promise to production," said Jamal Raees, GM Payments, Solana Foundation. "Solana has the performance, reliability and developer ecosystem to support payments at global scale. Solana has moved beyond crypto into technology for finance, and I'm eager to bring Solana to enterprises and payment companies around the world." These appointments are the latest in a growing number of senior operators choosing to join and build within the Solana ecosystem. Earlier this year, Michael Coates joined the Solana Foundation as Chief Information Security Officer, bringing senior security expertise from Mozilla and Twitter. About Solana Foundation Solana Foundation is a non-profit based in Zug, Switzerland, dedicated to the decentralization, growth, and security of Solana. For more information, please visit https://solana.org SOURCE Solana Foundation

BITNEWSBOT
Sep 23rd, 2026
Former Hack VC partner Hsin-Ju Chuang dies at 37.

Former Hack VC partner Hsin-Ju Chuang dies at 37. September 24, 2026 * Hsin-Ju Chuang, a former partner at Hack VC and founder of Dystopia Labs, died at age 37 on Aug. 24 in California. * Authorities have not publicly disclosed a cause of death after she was found on southbound Interstate 15. * Chuang previously held senior roles at Stellar and Solana before joining Hack VC as a venture partner in 2021. * She became a partner and head of platform at the firm in 2025, according to her professional profile. Hsin-Ju Chuang, a former partner at crypto venture firm Hack VC and founder of Dystopia Labs, died at age 37 on Aug. 24 after being found on southbound Interstate 15 in California, according to authorities. California Highway Patrol officers responded south of Field Road, where she was pronounced dead at the scene. - Advertisement - Discover more Distributed & Cloud Computing Financial Markets News Authorities have not publicly disclosed a cause of death, and Cointelegraph did not receive a response from the Highway Patrol by the time of publication. However, her career in crypto spanned prominent roles across multiple organizations. According to her LinkedIn profile, Chuang founded Dystopia Labs and previously served as head of growth at Stellar and Solana. She joined Hack VC as a venture partner in 2021 before becoming partner and head of platform in 2025. Stay in the loop. Join 1.2K Smart Traders - Advertisement - News September 24, 2026 HTX's September proof of reserves overstated USDS holdings by 360,949.90 tokens - the address... News September 23, 2026 A chain of two SSH vulnerabilities - CVE-2026-67279 and CVE-2026-86060 - allows unauthenticated attackers to gain full administrative... News September 23, 2026 Roughly $15.6 billion in Bitcoin options expire on Deribit Friday, with 106,200 calls versus... News September 23, 2026 MoonPay has agreed to acquire North Capital in an all-stock deal valued at more... News September 23, 2026 Institutional consensus on crypto remains exclusive to Bitcoin, with Ethereum and Solana viewed as... Guides December 23, 2021 A lot of people mostly think that it takes a difficult process to mine cryptocurrency. today Bitnewsbot is going to show you some of...

Ajoobz
Sep 23rd, 2026
Solana starts testing upgrade that could cut finality from 12.8 seconds to 150 milliseconds.

Solana starts testing upgrade that could cut finality from 12.8 seconds to 150 milliseconds. September 22, 2026 - By CoinDesk - Original Solana is testing the Alpenglow upgrade to reduce transaction finality from 12.8 seconds to 150 milliseconds, enhancing payment irreversibility. Confidence: 80% Horizon: short-term Key numbers. * 12.8 seconds * 150 milliseconds * 4 months * September 28 Market drivers (micro). * Increased transaction speed for exchanges and merchants. * Improved user experience with faster payment confirmations. * Enhanced network efficiency through new consensus mechanism. Context (macro). * Growing demand for faster transaction processing in blockchain. * Competitive pressure among blockchain platforms to enhance performance. Who wins / who loses. * Winners: Solana users, exchanges, and merchants benefiting from faster transactions. * Losers: Competing blockchains that may struggle to match Solana's speed. Scenarios. Base The Alpenglow upgrade successfully reduces transaction finality, leading to widespread adoption by users and businesses. Alt The upgrade faces technical challenges, delaying its implementation and limiting its benefits. What to Watch next. * Monitor the results of the Alpenglow testnet phase. * Watch for the confirmation of the mainnet update date. * Observe the response from the Solana community and validators. Full analysis. Solana's Alpenglow upgrade: A leap towards instant finality. Solana, a leading blockchain platform, has begun testing a significant upgrade known as Alpenglow. This upgrade is poised to drastically reduce the time it takes for transactions to be considered final, from the current 12.8 seconds to an impressive 150 milliseconds. This enhancement is crucial for the ecosystem, as it allows exchanges, bridges, and merchants to treat payments as irreversible almost immediately, thereby improving the overall user experience. What is Alpenglow? The Alpenglow upgrade is now being introduced on Solana's public test network, which is a replica of the blockchain that uses tokens without monetary value. This environment allows developers to test the migration, identify potential issues, and restart the network without risking users' funds. The upgrade replaces Solana's existing TowerBFT consensus mechanism with a new protocol called Votor. This new system enables validators to finalize blocks after just one or two rounds of direct voting, significantly streamlining the process. Benefits of the upgrade. The reduction in transaction finality time is particularly beneficial for various stakeholders in the crypto ecosystem. Exchanges typically wait for finality before crediting deposits, while bridges need it to release funds on other blockchains. Merchants also rely on this finality to ensure that payments cannot be reversed. With Alpenglow, these processes will become almost instantaneous, enhancing the efficiency of transactions on the Solana network. Testing and implementation. The initial migration to the testnet requires validators to use Agave 4.3, the main software that runs Solana. However, the upgrade does not yet support Firedancer or Frankendancer, two alternative validator programs developed by Jump Crypto. These alternatives are designed to reduce reliance on a single piece of software, ensuring that a fault in Agave does not impact all validators simultaneously. The absence of these programs means that the first Alpenglow migration will run entirely through Agave. Anza, the company responsible for developing the Solana network, has tentatively scheduled the mainnet update for September 28. However, this date is not confirmed, and the testnet switch itself was still pending as of early Wednesday. Conclusion. In summary, Solana's Alpenglow upgrade represents a significant step forward in enhancing transaction speeds and efficiency on the blockchain. As the testing phase progresses, the community eagerly anticipates the potential benefits this upgrade will bring to the broader crypto ecosystem.

Forkast
Sep 22nd, 2026
Visa settled $20B in stablecoins. Now it's running the blockchain.

Visa settled $20B in stablecoins. Now it's running the blockchain. The payment giant became a founding validator on Circle's Arc L1, joining BlackRock and DTCC. The dual-chain strategy marks a shift from using blockchain infrastructure to operating it. Nolan Pratt Forkast mind | 2026-09-22 3:51 AM PDT Visa has officially crossed the threshold from a financial institution experimenting with stablecoins as a payment rail to a core operator of blockchain infrastructure. By joining the founding validator cohort for Circle's Arc L1, the payments giant is no longer just routing traffic; it is helping to secure the road itself. This move, which includes institutional heavyweights like BlackRock, DTCC, Mastercard, and ICE, signals that the industry is moving past the era of crypto-native experimentation into a phase of hardened, institutional-grade infrastructure. The trajectory of this transition is stark. In November 2025, Visa's stablecoin settlement volume sat at a $3.5 billion annualized run rate. By April 2026, that figure had climbed to $7 billion, and by September, it had surged to an annualized $20 billion. This 15x year-over-year growth confirms that Visa's strategy has moved from pilot programs to production-scale utility in under twelve months. Visa's current approach relies on a dual-chain strategy that separates production settlement from institutional validation. Solana remains the primary venue for production settlement, working with partners like Cross River Bank and Lead Bank on a seven-day cycle. But the Arc L1 blockchain, which launched its mainnet on September 16, 2026, serves a different purpose. It is a permissioned, USDC-native environment designed specifically for financial markets and agentic AI economic activity. As Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, said regarding the commitment: Arc represents the kind of compliant, high-trust network infrastructure needed to help support the growth of onchain payments. Visa is proud to participate as a validator and help secure it. This validator role is a structural shift. Visa is now operating the network, providing the oversight and stability that traditional financial partners require to move money at scale.

Gate.com
Sep 19th, 2026
Solana launches STOCKLANA platform with 24/7 stock trading.

Solana launches STOCKLANA platform with 24/7 stock trading. 2026-09-19 12:22:47 Key takeaways. * Solana announced the launch of STOCKLANA, enabling 24/7 stock trading with prize competition. * STOCKLANA features a prize competition with rewards exceeding $125,000 for user engagement. * The platform offers a unified experience for trading both stocks and cryptocurrency assets. Solana announced the launch of STOCKLANA, a platform enabling 24/7 stock trading alongside a prize competition exceeding $125,000. The initiative aims to enhance user engagement in the cryptocurrency trading sphere by providing continuous trading capabilities. Solana operates as a high-performance blockchain designed for decentralized applications and crypto projects, positioning this launch as part of its effort to diversify offerings in the trading ecosystem. STOCKLANA platform features 24/7 trading and prize competition. The STOCKLANA platform allows users to trade stocks around the clock while participating in a prize competition with rewards exceeding $125,000. The announcement garnered 619 likes and 80 retweets on Solana's official social media post, indicating community interest in the launch. The platform emphasizes a unified experience for trading both stocks and cryptocurrency assets. Solana blockchain platform background. Solana is a high-performance blockchain designed for decentralized applications and crypto projects. The platform's introduction of STOCKLANA represents an expansion of its service offerings beyond traditional cryptocurrency trading. The initiative aligns with demand for continuous trading platforms in the cryptocurrency ecosystem. Faq. What is STOCKLANA and what does it offer? STOCKLANA is a platform launched by Solana that enables 24/7 stock trading and features a prize competition exceeding $125,000 in rewards. What is Solana's role in the cryptocurrency ecosystem? Solana is a high-performance blockchain designed for decentralized applications and crypto projects, now expanding into continuous stock trading services through STOCKLANA. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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