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Solana Foundation
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Blockchain platform for decentralized applications
Solana Foundation
Work Here?
Blockchain platform for decentralized applications
About Solana Foundation
Industries
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Seed
Total Funding
$339.8M
Headquarters
Switzerland
Founded
2018
Overview
Solana is a blockchain platform that enables the creation of fast, secure, and scalable decentralized applications (dApps) and cryptocurrencies. It is designed to handle thousands of transactions per second, making it suitable for applications that require high speed and efficiency. The platform serves developers building dApps, cryptocurrency traders, and investors interested in staking and earning rewards. Solana generates revenue through transaction fees and staking, where validators secure the network and earn rewards in SOL tokens, the platform's native cryptocurrency. The Solana Foundation, a non-profit organization, supports the network's growth by providing grants and resources to validators and developers, promoting decentralization and the development of new applications. Solana's goal is to enhance the blockchain ecosystem by offering a reliable and efficient platform for various financial applications.
Simplify's Take
What believers are saying
- Integration with Google Cloud could enhance Solana's scalability and security.
- Growing interest in stablecoins presents opportunities for Solana's DeFi expansion.
- Active community governance can drive network improvements and innovation.
What critics are saying
- Backlash over political messaging could affect Solana's public image and community support.
- Potential changes in network inflation rates may impact economic incentives for stakeholders.
- Emergence of private blockchain solutions poses a competitive threat to Solana's model.
What makes Solana Foundation unique
- Solana processes thousands of transactions per second, offering unmatched speed and efficiency.
- The network's decentralization is supported by thousands of independent nodes, enhancing security.
- Solana's liquid staking solution promotes decentralization and offers rewards to token holders.
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Funding
Total Funding
$339.8M
Above
Industry Average
Funded Over
0 Rounds
Growth & Insights and Company News
6 month growth
â 0%1 year growth
â 19%2 year growth
â 19%Google Cloud and derivatives marketplace CME Group said Tuesday (March 25) that they are piloting solutions for wholesale payments and tokenization of assets. CME successfully completed the first phase of integration and testing of Google Cloudâs distributed ledger, Google Cloud Universal Ledger (GCUL), the companies said in a Tuesday press release. The companies added that they will begin direct testing with market participants later this year and plan to launch new services in 2026
When financial institutions and payments players talk about their âblockchain strategyâ today, what theyâre really grappling with is architecture. Amid the noise surrounding crypto, tokens and Web3 hype cycles, the most consequential choice for builders, product leaders and decision-makers in the financial services and payments space often boils down to a deceptively simple question:Â public or private?. After all, not all blockchains are built the same. For stakeholders in financial services and payments ecosystems building infrastructure, developing new products, or simply assessing risks around embracing on-chain operations, understanding the difference between public and private chains is key to informing any crypto or blockchain strategy
Circular Protocol, Arculus by CompoSecure and IT Lab said Thursday (March 20) that they plan to launch a blockchain-compliant ecosystem for healthcare providers in the U.S. market in the second quarter. The companiesâ solution will integrate into clinical networks and serve as the secure passkey for recording, managing and safeguarding healthcare data within facilities using the MedTech device, according to a Thursday (March 20) press release. The solution will be enabled by the Circular blockchain and by security and software offerings from Arculus by CompoSecure and IT Lab, according to the release
The Solana Foundation has removed an advertisement from its official X account following criticism over its political messaging on gender identity.
For years, stablecoins served as the backbone of cryptocurrency trading, providing liquidity and stability in cryptoâs famously volatile markets. Though some have been circulating for over a decade, stablecoins like Tether (USDT) and USD Coin (USDC) werenât embraced by the traditional financial sector, in part due to regulatory uncertainty. That left them as a favorite go-to tool for traders on crypto exchanges looking to park profits or hedge against market swings. Tether, for example, is the third largest cryptocurrency by market cap, and has a circulating supply of around $144 billion. USDT stablecoins represent 70% of the stablecoin market, with much of Tetherâs daily volume tied to its use across crypto exchanges
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About Solana Foundation
Industries
Fintech
Crypto & Web3
Company Size
201-500
Company Stage
Seed
Total Funding
$339.8M
Headquarters
Switzerland
Founded
2018
There are no jobs for Solana Foundation right now.
Find jobs on Simplify and start your career today