Solana (SOL) Live Price and charts Today

Solana Network Upgrades

Solana has announced three main changes in its mitigation plan to address the stability and resilience of the network:

1. QUIC
2. Stake Weighted QoS
3. Fee Markets

7,767 Solana Wallets Exploited

Solana Status tweeted that an exploit allowed a malicious actor to drain funds from a number of wallets on Solana. As of 5am UTC approximately 7,767 wallets have been affected. The exploit has affected several wallets, including Slope and Phantom. This appears to have affected both mobile and extension.

Solana Labs to Launch Web3 Smartphone Saga

Solana announced the launch of the Solana Mobile Stack software ecosystem for Android, along with an upcoming Android smartphone called Saga. The device is focused on Web3 and will include a mobile wallet adapter, a seed vault for storing private keys, a new Web3 DApp store, and will integrate with Solana Pay. Pre-orders for Saga are reportedly now available, with deliveries scheduled to begin in early 2023. In addition, the Solana Foundation has committed $10 million to facilitate the development of SMS mobile applications.

Solana Outage for More Than 4 Hours

Solana Mainnet Beta was down earlier than 5pm UTC on June 1st due to a bug in the durable nonce transactions feature, which stopped blockchain production. At 9pm UTC, validators restarted the network, and operators and dApps will continue to restore client services over the next several hours. The Solana Status page reports that the network was down for 4 hours and 10 minutes. 

Solana Released Mainnet v1.9.22

Solana has released Mainnet v1.9.22. This is a stable release for use on Mainnet Beta, with major updates including Fix BankingStage packet starvation, Ignoring incoming packets when in vote-only mode, Lowering the default batch size to 64, and adding 2 banking threads.

Solana Labs Launched Solana Pay

Solana Labs has launched a payment protocol called Solana Pay to let merchants accept crypto payments directly from consumers. With Solana Pay, merchants can accept the $USDC stablecoin, Solana's native token $SOL, and other Solana-based tokens on the Solana blockchain.

SPL Feature Proposal Program Released

In November, the SPL Feature Proposal Program was released, which provides a workflow for the activation of Solana network features through community vote based on validator stake weight. Testing for this upcoming feature is underway on the testnet and devnet clusters. 

Announcing the Formation of the Solana Foundation

On April 8th, 2020 Solana Labs transferred all IP related to the protocol and 167m SOLs to the Solana Foundation. Solana Labs plans to transfer more SOLs to the Foundation. Solana Labs expects to retain a small number of SOL tokens to support operations (estimated to be 50m, but this is subject to change).

The Mainnet Beta Network was Officially Initialized

Solana launched on Mainnet Beta in Mar. 2020, shortly after raising $1.76 million in a public token auction hosted on CoinList.

The Official Soft Launch of Solana Network

Solana Announces Tour de SOL: An Incentivized Testnet Event

Solana’s Tour de SOL was divided into 3 stages, with each stage focusing on a different performance capacity required to be a participant on the network. The first phase will focus on network performance, the second will stress test high performance smart contract execution, and the third and final stage will be a fully-featured Testnet including both Validators and Replicators.

The Whitepaper of Proof of History Released

In November of 2017, Anatoly Yakovenko published a whitepaper describing Proof of History, a technique for keeping time between computers that do not trust one another.