S

Solana

High-performance blockchain for fast transactions

Overview

Solana provides a fast, secure blockchain platform for decentralized applications and cryptocurrencies. It uses a proof-of-stake system where block creators are chosen by stake, delivering around 400-millisecond block times and thousands of transactions per second with very low fees. The platform stands out by combining high speed, low costs, and energy-efficient design to support widespread use. Its goal is to enable mass adoption of decentralized apps by offering a reliable, fast, and affordable blockchain infrastructure.

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About Solana

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

Industries

Data & AnalyticsFintechCrypto & Web3

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$354.1M

Headquarters

San Francisco, CA

Founded

2018

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What believers are saying

  • DTCC endorsement expands Solana’s institutional credibility across regulated post-trade infrastructure.
  • Samsung integration converts everyday wallet users into potential on-chain transactors immediately.
  • Privacy Rings unlocks business payments, private DeFi, and compliant confidentiality on mainnet.

What critics are saying

  • China’s PBOC opened a November 6, 2026 probe into Solana marketing and events.
  • US spot Solana ETFs lost $89.4 million during November 4–10 outflows.
  • Fomo traders lost money on 90% of 829,539 wallets, damaging consumer trust.

What makes Solana unique

  • DTCC plans Solana tokenized securities integration for second-half 2027 settlement and lifecycle functionality.
  • Samsung Wallet added USDC on Solana for 82 million U.S. Galaxy devices.
  • Helius launched Privacy Rings on mainnet, bringing programmable private transfers without leaving Solana.

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Funding

Total Funding

$354.1M

Above

Industry Average

Funded Over

4 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

6 month growth

-1%

1 year growth

0%

2 year growth

1%
Securities.io
Nov 12th, 2026
DTCC plans Solana connection for tokenized securities in 2027.

DTCC plans Solana connection for tokenized securities in 2027. Published November 12, 2026 Esteban Rojas Market Data & Post-Trade Technology, AI Research Agent The Depository Trust & Clearing Corporation (DTCC) announced on November 12, 2026 that it plans to connect its DTCC Tokenization Service (DTS) to Solana's layer-1 network. Eligible assets held in custody by The Depository Trust Company (DTC) are expected to become available in tokenized form on Solana in the second half of 2027, extending the post-trade infrastructure provider's multi-chain strategy. The announcement establishes a network-integration target, not current Solana availability. DTCC expects the connection to support rapid conversion of eligible traditional assets into tokenized form and related token-lifecycle functionality. The tokenization service itself went live on October 28, 2026; the Solana plan would add another network through which market participants can access and use DTC-tokenized assets. The planned connection forms part of an interoperable financial ecosystem in which assets can move across and between traditional market infrastructure and multiple blockchain networks. President and Chief Executive Officer Frank La Salla said adding Solana would give participants greater choice over where they access and use tokenized assets. He identified liquidity, collateral mobility and capital efficiency as potential opportunities associated with the expansion. Investor protections across networks. DTS is designed to connect traditional market liquidity with digital-asset ecosystems through secure, interoperable and market-neutral infrastructure. Brian Steele, managing director and president of DTCC Clearing & Securities Services, said DTC-tokenized assets on Solana and every other blockchain integrated with the service "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities." Network selection and institutional rationale. The Solana Foundation cited sub-second finality and low fees among the network's relevant characteristics for institutional tokenization. Nick Ducoff, the foundation's general manager of institutional, said: "Institutions choose Solana because it already runs real financial activity at scale. Bringing the DTCC Tokenization Service to Solana connects one of the most trusted names in post-trade infrastructure with a network built for always-on markets, enabling tokenized securities to settle and move as easily as any other asset on-chain." DTCC's selection language adds a governance and interoperability dimension to those performance claims. Nadine Chakar, DTCC's global head of digital assets, said interoperability is essential to scalable, resilient and liquid digital markets, with an open platform giving users access to mature distributed-ledger networks that have established performance, security and governance features. The approach makes network selection one layer of a broader post-trade design, rather than a standalone blockchain initiative. The immediate development is therefore a network commitment, not completed tokenization activity on Solana. The next milestone is the planned integration itself: demonstrating that conversion and lifecycle processing can operate on another blockchain while preserving the ownership rights and regulatory safeguards attached to traditionally held securities. Esteban Rojas is an AI-generated markets research agent at Securities.io, covering Market Data & Post-Trade Technology and the public companies, market infrastructure and investable technologies shaping that field. Esteban Rojas monitors exchange technology, market data, clearing, settlement, T+1/T+0 transitions, OMS/EMS platforms, surveillance and post-trade automation outside tokenized-securities-only systems. Coverage follows a infrastructure-first, precise, latency-aware perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Esteban Rojas are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

Yahoo Finance
Nov 11th, 2026
Solana Company swings to $105.2M Q3 profit on SOL gains, buys 125,000 SOL

Solana Company (NASDAQ: HSDT) reported third-quarter net income of $105.2 million, reversing a loss of $352.8 million a year earlier. Gains on its SOL holdings drove the result, including a $102.7 million unrealised gain on digital assets and related receivables. The firm bought about 125,000 SOL with proceeds from a $15 million registered direct offering, priced at a 5% premium to net asset value per share. It held about 2.4 million SOL as of September 30, worth roughly $288.2 million. Revenue rose to $3.4 million from $700,000, nearly all from staking, which earned an average net yield of 5.9%. The company still posted a net loss of $24.9 million for the first nine months of 2026. Chief executive Joseph Chee said it is setting up a new headquarters in Hong Kong to be closer to Asian financial institutions.

Coinfomania
Nov 11th, 2026
Solana expands offering with 200+ UK and EU equities launch.

Solana expands offering with 200+ UK and EU equities launch. Solana launched 200+ UK and EU equities today, expanding its trading platform significantly. This move could attract more institutional investors - and reshape market dynamics. Quick take. Summary is AI generated, newsroom reviewed. * Solana has launched over 200 UK and EU equities. * This expansion aims to attract more institutional investment. * The move reflects growing interest in equity trading on blockchain. Solana has announced the launch of over 200 UK and EU equities on its platform, a significant step in expanding its trading capabilities. This initiative is expected to attract institutional investors and enhance trading opportunities across the region. More details can be found in the official announcement here. What happened. In a notable development, Solana has launched over 200 UK and EU equities in collaboration with xStocksFi. This expansion comes at a time when the broader crypto market is showing mixed signals, potentially indicating a strategic move to capture interest from traditional equity investors. As Solana continues to diversify its offerings, the implications for institutional participation in crypto markets are significant, possibly reshaping trading dynamics in the blockchain space. * Solana has launched 200+ UK and EU equities on its platform. This expansion aims to attract more institutional investors. The partnership with xStocksFi enhances trading options for users. This move aligns with Solana's strategy to broaden its market reach. The launch reflects increasing interest in blockchain-based equity trading. Solana is a blockchain platform designed for decentralized applications and crypto-currencies. By launching equities, it seeks to bridge traditional finance with blockchain technology, providing users with new investment avenues. This regulatory environment allows Solana to leverage its technology to offer equity trading, appealing to a wider audience of investors. Key levels to watch. Traders are closely observing how this expansion will influence Solana's market position and overall trading volume. The reception of these equities could signal a shift in institutional interest towards blockchain platforms. Additionally, as the crypto market navigates mixed signals, Solana's strategic moves will be crucial in determining its competitive edge in the coming months. Contributors: Coinfomania News Room Follow Coinfomania on google News. Get the latest crypto insights and updates.

WEEX
Nov 10th, 2026
Solana tokens can now be traded through X Cashtags using fomo.

Solana tokens can now be traded through X Cashtags using fomo. By: crypto.news | 11/10/2026 14:38:20 Solana has introduced a new trading feature that allows X users to buy and sell Solana-based tokens through the fomo trading app directly from Cashtags displayed on the social media platform. * Solana has introduced token trading through X Cashtags using fomo, allowing users to access live market data and initiate trades with a single tap. * The integration builds on Solana's existing market data features on X, which have allowed users to view cryptocurrency prices and charts since April. * Fomo handles the trading process through its application, while X Cashtags provide users with access to supported Solana tokens. * An October investigation by Bitquery found that roughly 90% of the 829,539 wallets examined had recorded losses after fees from trading Solana tokens through fomo. The Solana team announced the integration on November 10, confirming that users can access live token market data and initiate trades with a single tap. BREAKING: Users can now trade any Solana token on @fomo directly from X Cashtags. See live market data powered by Solana and trade in a single tap. https://t.co/wwKsetqSJN pic.twitter.com/zkQLYrAnO5 - Solana (@solana) November 10, 2026 The feature connects X's existing Cashtag system with fomo, allowing users to move from viewing a cryptocurrency's price and related discussions to trading it through the external platform. In its announcement, fomo described the process as a simple way to trade tokens mentioned in posts, with support for Solana-based assets. Solana trading expands X's existing Cashtag features. The integration builds on X's earlier introduction of interactive Cashtags, which brought live cryptocurrency and stock market information into the platform. In April, X launched smart Cashtags for iPhone users in the US and Canada, allowing them to access live charts and market discussions by selecting asset tickers. The feature introduced support for identifying cryptocurrencies through their smart contract addresses, helping users distinguish between tokens that share similar names or ticker symbols. X's head of product, Nikita Bier, explained at the time that users could select specific assets when posting Cashtags, making it possible for readers to access the corresponding market information. The April rollout included a trading connection with Canadian financial services platform Wealthsimple, which allowed eligible users to access trading services through the Cashtag interface. With the latest integration, fomo has become a trading destination for Solana tokens discovered through the same system. Pedro Miranda, who commented on the announcement through his X account, pointed to the role Cashtags already play in market conversations. According to Miranda, millions of people discuss financial markets through Cashtags every day, while Solana-powered market data has been available through the feature since April. He described the latest development as a convergence of "financial intent and execution," as users can now act on information they encounter without having to search separately for the asset. How does trading through fomo work? Under the newly announced arrangement, users can select a supported Solana token's Cashtag on X and proceed to fomo to execute a transaction. The process combines the token's market information with a trading route, removing the need to manually search for the same asset on a separate trading platform. Fomo operates as a social cryptocurrency trading application where users can discover tokens, follow trading activity and execute purchases or sales through an integrated wallet. Transactions involving Solana assets are processed through blockchain trading infrastructure, while the app provides the interface for placing orders. The arrangement does not mean X itself operates the exchange or settles cryptocurrency transactions. Fomo handles the trading process after users access the token through the Cashtag interface. Solana's announcement described the feature as available for any Solana token, although it did not provide a detailed breakdown of supported trading pairs, geographic availability or transaction fees. Fomo's Solana trading activity has grown in 2026. Fomo had already developed a substantial trading business on Solana before the Cashtag announcement. An October 17 on-chain investigation by blockchain analytics company Bitquery examined transactions involving 829,539 wallets that purchased Solana tokens through the application between January 13 and October 7, 2026. The research found that approximately 90% of those wallets had recorded losses after fees, with a median loss of $25 per wallet. According to Bitquery, fomo collected approximately $40 million in fees from Solana trading activity during the period, equivalent to roughly 0.5% of the value traded by users. The analysis found substantial differences between early buyers and traders who entered popular tokens later. Among tokens attracting at least 1,000 buyers, the first 10 purchasers recorded returns equivalent to 71% of their spending, while buyers entering after the first 1,000 collectively lost 11% of the amount they spent. Fomo's September fee revenue from Solana transactions alone reached $12.8 million, according to the investigation. The research covered Solana activity specifically, although fomo supports trading across other blockchain networks, including Base and BNB Chain. Solana price. -22.20% Past 30 days Solana is currently trading at 86.54 USD. Over the past 30 days, Solana has fallen 22.20%. Learn more about Solana. This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

TronWeekly
Nov 10th, 2026
Solana Privacy Rings bring programmable privacy to mainnet.

Solana Privacy Rings bring programmable privacy to mainnet. Solana is expanding its privacy capabilities with the launch of Privacy Rings, a new on-chain privacy solution developed by Helius. Now live on Solana mainnet, the feature introduces programmable privacy for transactions while maintaining the network's high-speed infrastructure. The development could support private payments, decentralised finance (DeFi) applications and business transactions without making the entire blockchain private. Table of contents. Solana Rings introduce confidential transfers with custom rules. Solana Privacy Rings operate as programmable privacy infrastructure rather than a separate blockchain or private network. The system allows users and developers to move assets through encrypted on-chain balances while transactions continue to settle directly on Solana. This approach is designed to provide financial confidentiality without requiring applications to abandon the network's existing infrastructure. The default Ring configuration encrypts the transferred asset and amount but keeps sender and recipient addresses visible. This distinction is important because confidential transactions do not automatically mean anonymous transactions. Helius also supports custom Rings that can conceal additional transaction details, including the identities of participating wallets, depending on their configuration. Programmable privacy could expand Solana's DeFi applications. The introduction of configurable privacy could address a limitation facing businesses and financial applications using public blockchains. Companies conducting payroll, supplier payments or treasury transfers may not want competitors to inspect their transaction amounts and financial activity. Privacy Rings could allow these activities to move on-chain without exposing every financial detail to the public. Helius also provides developers with tools to integrate privacy into existing applications. Custom Rings can establish permitted assets, approved participants, transfer limits and auditor access. Additional controls include address blocklists, transaction approvals and the ability to freeze or restore balances during investigations. These features could make private transactions more practical for institutional payments, lending and other DeFi services. Compliance controls connect private transactions with regulation. One important aspect of the launch is its approach to financial compliance. Privacy infrastructure can create challenges for regulators and financial institutions when transaction information becomes inaccessible. Helius addresses this through configurable oversight, allowing Ring operators to determine which information auditors can inspect and which transactions are permitted. Businesses can also establish their own compliance requirements or use Helius-managed KYC and sanctions screening. This creates a distinction between restricting public visibility and preventing authorised oversight. However, the availability of these controls does not automatically establish regulatory approval or guarantee compliance in every jurisdiction. Their effectiveness will depend on how individual applications configure and implement them. SOL price and ETF activity offer a broader market picture. The launch comes as SOL faces pressure in the broader cryptocurrency market. According to CoinGecko market data, SOL was trading near $81.81 on November 10, down approximately 5.4% over 24 hours and 12.3% over seven days. Its market capitalisation stood at approximately $48.96 billion, with daily trading volume exceeding $2.5 billion. The price movement does not indicate an immediate market response to the privacy announcement. Institutional activity also provides additional context. Solana spot ETFs recorded approximately $7.68 million in net outflows on November 9, according to SolanaFloor ETF data. Although cumulative net inflows remained above $1.4 billion, the latest withdrawals indicate that institutional demand was not uniformly positive. The next important developments for Privacy Rings will be application integrations, security assessments and actual transaction adoption. Wider use in payments and DeFi could demonstrate whether programmable privacy becomes a meaningful addition to Solana's financial ecosystem. Amrin Sanjay Amrin Sanjay is an Industry Reporter at Tron Weekly, covering developments across the cryptocurrency and blockchain sector. Her reporting focuses on Bitcoin, Ethereum, altcoins, and decentralized finance, alongside market activity, protocol updates, and ecosystem trends. She closely tracks Layer 1 and Layer 2 projects, DeFi tokens, and key technical indicators to explain market movements and on-chain activity with clarity and accuracy for both new and experienced readers.

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