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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 platform for various financial applications.
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Simplify's Take
What believers are saying
- Integration of zBTC enhances Bitcoin liquidity, attracting more users to Solana's network.
- SIMD-0228 proposal may improve staking conditions, attracting more validators and investors.
- Wirex Travel's Bitcoin and USDT payments could boost Solana's travel-related transactions.
What critics are saying
- Backlash over controversial ad may affect Solana's public image and community support.
- SIMD-0228 proposal could impact economic incentives for validators and stakeholders.
- zBTC integration may increase competition, affecting existing projects and liquidity dynamics.
What makes Solana Foundation unique
- Solana processes thousands of transactions per second, offering unmatched speed and efficiency.
- The network is validated by thousands of independent nodes, ensuring enhanced security and decentralization.
- 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
↓ -3%1 year growth
↑ 21%2 year growth
↑ 18%Solana Foundation which operates out of Geneva Switzerland introduced Solana as an open-source blockchain platform during March 2020.
Web3 money app Wirex said Thursday (March 27) that it launched a travel booking platform that offers reduced rates on hotel stays and cash-back rewards when using a Wirex card. The new platform, Wirex Travel, also offers exclusive deals and allows users to pay with bitcoin, USDT or traditional currencies, the company said in a Thursday press release. These new offerings join the benefits Wirex already provides to travelers, including zero foreign exchange fees, interbank exchange rates and crypto rewards, according to the release
APOLLO integrates zBTC into Solana's DeFi ecosystem, which will boost Bitcoin liquidity and drive BTCFi.
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 Cloud’s 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
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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
People Also Viewed
Discover companies similar to Solana Foundation