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Solana (blockchain platform) - Wikipedia
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mw-list-item"><a href="https://ar.wikipedia.org/wiki/%D8%B3%D9%88%D9%84%D8%A7%D9%86%D8%A7_(%D9%85%D9%86%D8%B5%D8%A9_%D8%A8%D9%84%D9%88%D9%83%D8%AA%D8%B4%D9%8A%D9%86)" title="سولانا (منصة بلوكتشين) – Arabic" lang="ar" hreflang="ar" data-title="سولانا (منصة بلوكتشين)" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-azb mw-list-item"><a href="https://azb.wikipedia.org/wiki/%D8%B3%D9%88%D9%84%D8%A7%D9%86%D8%A7_(%DA%A9%D8%B1%DB%8C%D9%BE%D8%AA%D9%88_%D9%BE%D9%88%D9%84_%D8%A8%DB%8C%D8%B1%DB%8C%D9%85%DB%8C_%D9%BE%D9%84%D8%A7%D8%AA%E2%80%8C%D9%81%D9%88%D8%B1%D9%85%D9%88)" title="سولانا (کریپتو پول بیریمی پلاتفورمو) – South Azerbaijani" lang="azb" hreflang="azb" data-title="سولانا (کریپتو پول بیریمی پلاتفورمو)" data-language-autonym="تۆرکجه" data-language-local-name="South Azerbaijani" class="interlanguage-link-target"><span>تۆرکجه</span></a></li><li class="interlanguage-link interwiki-cs mw-list-item"><a href="https://cs.wikipedia.org/wiki/Solana" title="Solana – Czech" lang="cs" hreflang="cs" data-title="Solana" data-language-autonym="Čeština" data-language-local-name="Czech" class="interlanguage-link-target"><span>Čeština</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/Solana_(Blockchain)" title="Solana (Blockchain) – German" lang="de" hreflang="de" data-title="Solana (Blockchain)" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-el mw-list-item"><a href="https://el.wikipedia.org/wiki/Solana_(%CF%80%CE%BB%CE%B1%CF%84%CF%86%CF%8C%CF%81%CE%BC%CE%B1_%CE%BA%CF%81%CF%85%CF%80%CF%84%CE%BF%CE%BD%CE%BF%CE%BC%CE%B9%CF%83%CE%BC%CE%AC%CF%84%CF%89%CE%BD)" title="Solana (πλατφόρμα κρυπτονομισμάτων) – Greek" lang="el" hreflang="el" data-title="Solana (πλατφόρμα κρυπτονομισμάτων)" data-language-autonym="Ελληνικά" data-language-local-name="Greek" class="interlanguage-link-target"><span>Ελληνικά</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Solana_(plataforma_de_blockchain)" title="Solana (plataforma de blockchain) – Spanish" lang="es" hreflang="es" data-title="Solana (plataforma de blockchain)" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%B3%D9%88%D9%84%D8%A7%D9%86%D8%A7_(%D9%BE%D9%84%D8%AA%D9%81%D8%B1%D9%85_%D8%B2%D9%86%D8%AC%DB%8C%D8%B1%D9%87_%D8%A8%D9%84%D9%88%DA%A9%DB%8C)" title="سولانا (پلتفرم زنجیره بلوکی) – Persian" lang="fa" hreflang="fa" data-title="سولانا (پلتفرم زنجیره بلوکی)" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Solana_(blockchain)" title="Solana (blockchain) – French" lang="fr" hreflang="fr" data-title="Solana (blockchain)" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Solana_(piattaforma_blockchain)" title="Solana (piattaforma blockchain) – Italian" lang="it" hreflang="it" data-title="Solana (piattaforma blockchain)" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%A1%D7%95%D7%9C%D7%A0%D7%94" title="סולנה – Hebrew" lang="he" hreflang="he" data-title="סולנה" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-hu mw-list-item"><a href="https://hu.wikipedia.org/wiki/Solana_(blokkl%C3%A1nc_platform)" title="Solana (blokklánc platform) – Hungarian" lang="hu" hreflang="hu" data-title="Solana (blokklánc platform)" data-language-autonym="Magyar" data-language-local-name="Hungarian" class="interlanguage-link-target"><span>Magyar</span></a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/Solana_(blockchain_platform)" title="Solana (blockchain platform) – Dutch" lang="nl" hreflang="nl" data-title="Solana (blockchain platform)" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target"><span>Nederlands</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E3%82%BD%E3%83%A9%E3%83%8A" title="ソラナ – Japanese" lang="ja" hreflang="ja" data-title="ソラナ" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/Solana_(SOL)" title="Solana (SOL) – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="Solana (SOL)" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Solana_(plataforma_de_blockchain)" title="Solana (plataforma de blockchain) – Portuguese" lang="pt" hreflang="pt" data-title="Solana (plataforma de blockchain)" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-sr mw-list-item"><a href="https://sr.wikipedia.org/wiki/%D0%A1%D0%BE%D0%BB%D0%B0%D0%BD%D0%B0_(%D0%B1%D0%BB%D0%BE%D0%BA%D1%87%D0%B5%D1%98%D0%BD_%D0%BF%D0%BB%D0%B0%D1%82%D1%84%D0%BE%D1%80%D0%BC%D0%B0)" title="Солана (блокчејн платформа) – Serbian" lang="sr" hreflang="sr" data-title="Солана (блокчејн платформа)" data-language-autonym="Српски / srpski" data-language-local-name="Serbian" class="interlanguage-link-target"><span>Српски / srpski</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/Solana_(kripto_para_birimi_platformu)" title="Solana (kripto para birimi platformu) – Turkish" lang="tr" hreflang="tr" data-title="Solana (kripto para birimi platformu)" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/Solana" title="Solana – Ukrainian" lang="uk" hreflang="uk" 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srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8c/Extended-protection-shackle.svg/30px-Extended-protection-shackle.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8c/Extended-protection-shackle.svg/40px-Extended-protection-shackle.svg.png 2x" data-file-width="512" data-file-height="512" /></a></span></div></div> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><p class="mw-empty-elt"> </p> <div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Public blockchain platform</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><table class="infobox"><caption class="infobox-title">Solana</caption><tbody><tr><td colspan="2" class="infobox-image"><span typeof="mw:File"><a href="/wiki/File:Solana_logo.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/b/b9/Solana_logo.png/252px-Solana_logo.png" decoding="async" width="252" height="252" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/b/b9/Solana_logo.png 1.5x" data-file-width="316" data-file-height="316" /></a></span></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: silver">Denominations</th></tr><tr><th scope="row" class="infobox-label">Code</th><td class="infobox-data">SOL</td></tr><tr><th colspan="2" class="infobox-header" style="background-color: silver">Development</th></tr><tr><th scope="row" class="infobox-label">Original author(s)</th><td class="infobox-data">Anatoly Yakovenko, Raj Gokal</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/White_paper" title="White paper">White paper</a></th><td class="infobox-data"><a rel="nofollow" class="external text" href="https://solana.com/solana-whitepaper.pdf">Solana: A new architecture for a high performance blockchain</a></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Repository_(version_control)" title="Repository (version control)">Code repository</a></th><td class="infobox-data"><a rel="nofollow" class="external free" href="https://github.com/solana-labs/solana">https://github.com/solana-labs/solana</a></td></tr><tr><th scope="row" class="infobox-label">Development status</th><td class="infobox-data">Active</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Software_developer" class="mw-redirect" title="Software developer">Developer(s)</a></th><td class="infobox-data">Solana Labs & Solana Foundation</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Software_license" title="Software license">License</a></th><td class="infobox-data"><a href="/wiki/Apache_2.0" class="mw-redirect" title="Apache 2.0">Apache 2.0</a><sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: silver">Ledger</th></tr><tr><th scope="row" class="infobox-label">Block explorer</th><td class="infobox-data"><a rel="nofollow" class="external free" href="https://explorer.solana.com/">https://explorer.solana.com/</a></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: silver">Website</th></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://solana.com/">solana<wbr />.com</a></span></td></tr></tbody></table> <p><b>Solana</b> is a <a href="/wiki/Blockchain" title="Blockchain">blockchain</a> platform which uses a <a href="/wiki/Proof-of-stake" class="mw-redirect" title="Proof-of-stake">proof-of-stake</a> mechanism to provide <a href="/wiki/Smart_contract" title="Smart contract">smart contract</a> functionality. Its native <a href="/wiki/Cryptocurrency" title="Cryptocurrency">cryptocurrency</a> is SOL. </p><p>Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, was subjected to a hack, and a <a href="/wiki/Class_action" title="Class action">class action lawsuit</a> was filed alleging that Solana sells unregistered <a href="/wiki/Security_(finance)" title="Security (finance)">securities</a>, and misled investors about the number of tokens. The <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">SEC</a> has also filed a lawsuit against a cryptocurrency exchange alleging that Solana should be regulated as a security. </p><p>Solana's total <a href="/wiki/Market_capitalization#Cryptocurrencies" title="Market capitalization">market cap</a> was <span style="white-space: nowrap">US$55 billion</span> in January 2022. However, by the end of 2022, this had fallen to around $3 billion following the <a href="/wiki/Bankruptcy_of_FTX" title="Bankruptcy of FTX">bankruptcy of FTX</a>. Following the general rise of the cryptocurrency market in 2023, its market cap rose to $7 billion. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Characteristics">Characteristics</h2></div> <p>According to the company's <a href="/wiki/White_paper" title="White paper">white paper</a>, Solana runs on a <a href="/wiki/Proof_of_stake" title="Proof of stake">proof of stake</a> model.<sup id="cite_ref-CNBCLocke_2-0" class="reference"><a href="#cite_note-CNBCLocke-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i> and <i><a href="/wiki/Financial_Times" title="Financial Times">Financial Times</a></i> described the coin as an alternative to <a href="/wiki/Ethereum" title="Ethereum">Ethereum</a>.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="History">History</h2></div> <p>Solana was first opened to the public in March 2020,<sup id="cite_ref-CNBCLocke_2-1" class="reference"><a href="#cite_note-CNBCLocke-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> with its first block being created on 16 March 2020.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup class="noprint Inline-Template noprint Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Independent_sources" title="Wikipedia:Independent sources"><span title="This claim needs a reference to a independent, third-party source. (March 2023)">third-party source needed</span></a></i>]</sup> The Solana blockchain was designed to support smart contracts and <a href="/wiki/Decentralized_application" title="Decentralized application">decentralized apps</a> in particular.<sup id="cite_ref-CNBCLocke_2-2" class="reference"><a href="#cite_note-CNBCLocke-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-CNBCGoswami_6-0" class="reference"><a href="#cite_note-CNBCGoswami-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> Large numbers of simultaneous transactions have contributed to several outages of the Solana blockchain.<sup id="cite_ref-CNBCGoswami_6-1" class="reference"><a href="#cite_note-CNBCGoswami-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p>In June 2021, Solana Labs sold $314 million worth of its native cryptocurrency, SOL, to a group of funds led by <a href="/wiki/Andreessen_Horowitz" title="Andreessen Horowitz">Andreessen Horowitz</a> and <a href="/wiki/Polychain_Capital" title="Polychain Capital">Polychain Capital</a>.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>On 1 July 2022, a <a href="/wiki/Class_action" title="Class action">class action lawsuit</a> was filed against Solana Labs. The lawsuit accused Solana of selling unregistered <a href="/wiki/Security_(finance)" title="Security (finance)">securities</a> tokens in the form of Solana from 24 March 2020, onward and that Solana deliberately misled investors concerning the total circulating supply of SOL tokens. According to the lawsuit, Anatoly Yakovenko, the founder of Solana Labs, lent a market maker more than 11.3 million tokens in April 2020 and failed to disclose this information to the public. The lawsuit claimed that Solana stated it would reduce the supply by this amount, but it only burned 3.3 million tokens.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>On 3 August, 2022, 9,231 Solana wallets were hacked<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> and four Solana wallet addresses stole approximately $8 million from victims.<sup id="cite_ref-Bloomberg_10-0" class="reference"><a href="#cite_note-Bloomberg-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> The Solana Foundation said that the hack was caused by digital wallet software from Slope Finance.<sup id="cite_ref-Bloomberg_10-1" class="reference"><a href="#cite_note-Bloomberg-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p><p>In April 2023, Solana Mobile, a subsidiary of Solana Labs,<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> began selling the Solana Saga, an <a href="/wiki/Android_(operating_system)" title="Android (operating system)">Android</a> smartphone with several Solana-based decentralized apps preinstalled.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p><p>In June 2023, the <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">SEC</a> sued <a href="/wiki/Coinbase" title="Coinbase">Coinbase</a>, alleging that Solana and twelve other currencies offered by the platform failed the <a href="/wiki/SEC_v._W._J._Howey_Co." title="SEC v. W. J. Howey Co.">Howey Test</a> and qualified as securities. The suit accuses Coinbase of illegally evading <a href="/wiki/United_States_securities_regulation" title="United States securities regulation">requirements for disclosure</a> by offering these tokens. The SEC had previously issued a <a href="/wiki/Wells_notice" title="Wells notice">Wells notice</a> to Coinbase in March.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> Solana Foundation has denied that the token is a security.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> </p><p>In September 2023, <a href="/wiki/Visa_Inc." title="Visa Inc.">Visa</a> announced that along with payment processors <a href="/wiki/Worldpay,_Inc." title="Worldpay, Inc.">Worldpay, Inc.</a> and <a href="/wiki/Nuvei" title="Nuvei">Nuvei</a>, it had added support for the Solana blockchain to send payments to merchants using the stablecoin <a href="/wiki/USD_Coin" title="USD Coin">USD Coin</a> (USDC), rather than fiat currency via bank wire.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Market_value">Market value</h3></div> <p>The value of Solana tokens has fluctuated greatly since the system's inception. The market capitalization of the Solana blockchain surpassed $63 billion in September 2021,<sup id="cite_ref-BloombergWellsKharif_17-0" class="reference"><a href="#cite_note-BloombergWellsKharif-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> and reached $74 billion in early November 2021, having risen by nearly 12,000% that year to a price of $259.96.<sup id="cite_ref-CNBCLocke_2-3" class="reference"><a href="#cite_note-CNBCLocke-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> The blockchain's popularity at this time was due in part to interest in <a href="/wiki/Non-fungible_token" title="Non-fungible token">NFTs</a>.<sup id="cite_ref-CNBCGoswami_6-2" class="reference"><a href="#cite_note-CNBCGoswami-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p>In November 2022, the price of Solana dropped by 40 percent in one day following the <a href="/wiki/Bankruptcy_of_FTX" title="Bankruptcy of FTX">bankruptcy of FTX</a>, due to sell off from <a href="/wiki/Alameda_Research" title="Alameda Research">Alameda Research</a>. Solana was Alameda's second-largest holding at the time<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> and FTX held $982 million in Solana tokens.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> By the end of 2022, Solana had lost more than $50 billion in value since the beginning of the year.<sup id="cite_ref-CNBCGoswami_6-3" class="reference"><a href="#cite_note-CNBCGoswami-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> Since the start of 2023 until 15 March, coinciding with a rise in the cryptocurrency market, Solana's value had risen by 100 percent to a <a href="/wiki/Market_capitalization" title="Market capitalization">market capitalization</a> of around $7 billion.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> On 11 June 2023, Solana dropped nearly 30% in one day after the SEC announced that it would make the case in court that Solana is a financial security, causing big exchanges to liquidate their holdings, including <a href="/wiki/Robinhood_Markets" title="Robinhood Markets">Robinhood</a> which delisted SOL and other tokens named by the SEC in its lawsuit.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Outages">Outages</h2></div> <p>The Solana blockchain had experienced several notable outages in service. </p><p>On 14 September, 2021, the Solana blockchain went offline after a surge of transactions caused the network to <a href="/wiki/Fork_(blockchain)" title="Fork (blockchain)">fork</a>, and different <a href="/wiki/Validator_(blockchain)" class="mw-redirect" title="Validator (blockchain)">validators</a> had different views of the state of the network. The network was brought back online the next day on 15 September, 2021.<sup id="cite_ref-yahoo20210915_24-0" class="reference"><a href="#cite_note-yahoo20210915-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> The outage lasted a total of about 17 hours.<sup id="cite_ref-BloombergWellsKharif_17-1" class="reference"><a href="#cite_note-BloombergWellsKharif-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p><p>The Solana blockchain again went offline on 1 May, with the outage lasting roughly seven hours due to it being taken offline by bots.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> The blockchain went offline again on 31 May, 2022, due to a bug in how the blockchain processes offline transactions. This outage lasted about four and a half hours.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> </p><p>On 1 October, 2022, the Solana network went down for 6 hours due to a consensus bug in the validator client allowing a misconfigured node to publish multiple valid but different blocks.<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> </p><p>Solana's outages have frequently resulted in the value of the network's native SOL token falling.<sup id="cite_ref-CNBCGoswami_6-4" class="reference"><a href="#cite_note-CNBCGoswami-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2></div> <ul><li><a href="/wiki/List_of_cryptocurrencies" title="List of cryptocurrencies">List of cryptocurrencies</a></li> <li><a href="/wiki/Decentralized_finance" title="Decentralized finance">Decentralized finance</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output 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Fortune.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Fortune+Crypto&rft.atitle=Visa+to+send+stablecoin+USDC+over+Solana+to+help+pay+merchants+in+crypto&rft.date=2023-09-05&rft.aulast=Weiss&rft.aufirst=Ben&rft_id=https%3A%2F%2Ffortune.com%2Fcrypto%2F2023%2F09%2F05%2Fvisa-stablecoin-usdc-solana-worldpay-nuvei-merchants-payments%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-BloombergWellsKharif-17"><span class="mw-cite-backlink">^ <a href="#cite_ref-BloombergWellsKharif_17-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-BloombergWellsKharif_17-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWellsKharif2021" class="citation news cs1">Wells, Charlie; Kharif, Olga (18 September 2021). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2021-09-18/solana-trading-how-outage-reveals-vulnerability-of-crypto-blockchains#xj4y7vzkg">"What the Solana Blackout Reveals About the Fragility of Crypto"</a>. <i>Bloomberg</i><span class="reference-accessdate">. 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Here's what we know so far"</a>. <i>Fortune</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221110023407/https://fortune.com/crypto/2022/11/09/how-will-the-binance-ftx-drama-affect-solana-heres-what-we-know-so-far/">Archived</a> from the original on 2022-11-10<span class="reference-accessdate">. Retrieved <span class="nowrap">2022-11-10</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Fortune&rft.atitle=How+will+the+Binance-FTX+drama+affect+Solana%3F+Here%27s+what+we+know+so+far&rft.date=2022-11-09&rft.aulast=Locke&rft.aufirst=Taylor&rft_id=https%3A%2F%2Ffortune.com%2Fcrypto%2F2022%2F11%2F09%2Fhow-will-the-binance-ftx-drama-affect-solana-heres-what-we-know-so-far%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-19"><span class="mw-cite-backlink"><b><a href="#cite_ref-19">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFShenShukla2022" class="citation news cs1">Shen, Muyao; Shukla, Sidhartha (9 November 2022). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2022-11-09/-ethereum-killer-solana-sol-falls-prey-to-binance-ftx-deal-turmoil">"<span class="cs1-kern-left"></span>'Ethereum Killer' Solana Falls Prey to Binance-FTX Deal Turmoil"</a>. <i>Bloomberg.com</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221110140917/https://www.bloomberg.com/news/articles/2022-11-09/-ethereum-killer-solana-sol-falls-prey-to-binance-ftx-deal-turmoil">Archived</a> from the original on 10 November 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">24 February</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Bloomberg.com&rft.atitle=%27Ethereum+Killer%27+Solana+Falls+Prey+to+Binance-FTX+Deal+Turmoil&rft.date=2022-11-09&rft.aulast=Shen&rft.aufirst=Muyao&rft.au=Shukla%2C+Sidhartha&rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-11-09%2F-ethereum-killer-solana-sol-falls-prey-to-binance-ftx-deal-turmoil&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-20"><span class="mw-cite-backlink"><b><a href="#cite_ref-20">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFYang2022" class="citation web cs1">Yang, Yueqi (13 November 2022). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2022-11-13/ftx-s-balance-sheet-hack-paint-dim-picture-for-user-recovery?%2F">"FTX's Balance Sheet, Hack Paint Dim Picture for User Recovery"</a>. <i>Bloomberg</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230324184055/https://www.bloomberg.com/news/articles/2022-11-13/ftx-s-balance-sheet-hack-paint-dim-picture-for-user-recovery?%2F">Archived</a> from the original on 24 March 2023<span class="reference-accessdate">. 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Retrieved <span class="nowrap">2 June</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=CNBC.com&rft.atitle=Solana+suffered+its+second+outage+in+a+month%2C+sending+price+plunging&rft.date=2022-06-01&rft.aulast=Sigalos&rft.aufirst=MacKenzie&rft_id=https%3A%2F%2Fwww.cnbc.com%2F2022%2F06%2F01%2Fsolana-suffered-its-second-outage-in-a-month-sending-price-plunging.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-27"><span class="mw-cite-backlink"><b><a href="#cite_ref-27">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFEvans2022" class="citation news cs1">Evans, Brian (1 June 2022). <a rel="nofollow" class="external text" href="https://finance.yahoo.com/news/solana-tumbles-blockchain-network-suffers-195836021.html">"Solana tumbles as its blockchain network suffers 2nd outage in a month"</a>. <i>Business Insider</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220606211658/https://finance.yahoo.com/news/solana-tumbles-blockchain-network-suffers-195836021.html">Archived</a> from the original on 6 June 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">2 June</span> 2022</span> – via finance.yahoo.com.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Business+Insider&rft.atitle=Solana+tumbles+as+its+blockchain+network+suffers+2nd+outage+in+a+month&rft.date=2022-06-01&rft.aulast=Evans&rft.aufirst=Brian&rft_id=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fsolana-tumbles-blockchain-network-suffers-195836021.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-28"><span class="mw-cite-backlink"><b><a href="#cite_ref-28">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://fortune.com/2022/06/02/solana-shutdown-longest-time-offline-transaction-durable-nonce/">"Solana suffered a four-hour blackout due to a bug in how the blockchain processes offline transactions"</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221005223953/https://fortune.com/2022/06/02/solana-shutdown-longest-time-offline-transaction-durable-nonce/">Archived</a> from the original on 2022-10-05<span class="reference-accessdate">. Retrieved <span class="nowrap">2022-10-05</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Solana+suffered+a+four-hour+blackout+due+to+a+bug+in+how+the+blockchain+processes+offline+transactions&rft_id=https%3A%2F%2Ffortune.com%2F2022%2F06%2F02%2Fsolana-shutdown-longest-time-offline-transaction-durable-nonce%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-29"><span class="mw-cite-backlink"><b><a href="#cite_ref-29">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLocke2022" class="citation news cs1">Locke, Taylor (1 October 2022). <a rel="nofollow" class="external text" href="https://fortune.com/crypto/2022/10/01/solana-back-online-after-latest-outage/">"Solana back online after another outage. Here's what happened"</a>. <i>Fortune</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221002001444/https://fortune.com/crypto/2022/10/01/solana-back-online-after-latest-outage/">Archived</a> from the original on 2 October 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">2 October</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Fortune&rft.atitle=Solana+back+online+after+another+outage.+Here%27s+what+happened&rft.date=2022-10-01&rft.aulast=Locke&rft.aufirst=Taylor&rft_id=https%3A%2F%2Ffortune.com%2Fcrypto%2F2022%2F10%2F01%2Fsolana-back-online-after-latest-outage%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> <li id="cite_note-30"><span class="mw-cite-backlink"><b><a href="#cite_ref-30">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFChipolina2022" class="citation news cs1">Chipolina, Scott (2022-10-07). <a rel="nofollow" class="external text" href="https://www.ft.com/content/28455312-badf-4851-bb6e-e92dba972b93">"FT Cryptofinance: Solana loses its lustre"</a>. <i>Financial Times</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2023-04-07</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Financial+Times&rft.atitle=FT+Cryptofinance%3A+Solana+loses+its+lustre&rft.date=2022-10-07&rft.aulast=Chipolina&rft.aufirst=Scott&rft_id=https%3A%2F%2Fwww.ft.com%2Fcontent%2F28455312-badf-4851-bb6e-e92dba972b93&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASolana+%28blockchain+platform%29" class="Z3988"></span></span> </li> </ol></div></div> <div class="navbox-styles"><style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist 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function</a></li> <li><a href="/wiki/Decentralized_finance#Decentralized_exchanges" title="Decentralized finance">Decentralized exchange</a></li> <li><a href="/wiki/Decentralized_finance" title="Decentralized finance">Decentralized finance</a></li> <li><a href="/wiki/Distributed_ledger" title="Distributed ledger">Distributed ledger</a></li> <li><a href="/wiki/Fork_(blockchain)" title="Fork (blockchain)">Fork</a></li> <li><a href="/wiki/Lightning_Network" title="Lightning Network">Lightning Network</a></li> <li><a href="/wiki/MetaMask" title="MetaMask">MetaMask</a></li> <li><a href="/wiki/Non-fungible_token" title="Non-fungible token">Non-fungible token</a></li> <li><a href="/wiki/Smart_contract" title="Smart contract">Smart contract</a></li> <li><a href="/wiki/Web3" title="Web3">Web3</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Consensus_(computer_science)" title="Consensus (computer science)">Consensus</a> mechanisms</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Proof_of_authority" title="Proof of authority">Proof of authority</a></li> <li><a href="/wiki/Proof_of_space" title="Proof of space">Proof of space</a></li> <li><a href="/wiki/Proof_of_stake" title="Proof of stake">Proof of stake</a></li> <li><a href="/wiki/Proof_of_work" title="Proof of work">Proof of work</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Proof_of_work" title="Proof of work">Proof of work</a> currencies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/SHA-2" title="SHA-2">SHA-256</a>-based</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bitcoin" title="Bitcoin">Bitcoin</a></li> <li><a href="/wiki/Bitcoin_Cash" title="Bitcoin Cash">Bitcoin Cash</a></li> <li><a href="/wiki/Counterparty_(platform)" title="Counterparty (platform)">Counterparty</a></li> <li><a href="/wiki/LBRY" title="LBRY">LBRY</a></li> <li><a href="/wiki/MazaCoin" title="MazaCoin">MazaCoin</a></li> <li><a href="/wiki/Namecoin" title="Namecoin">Namecoin</a></li> <li><a href="/wiki/Peercoin" title="Peercoin">Peercoin</a></li> <li><a href="/wiki/Titcoin" title="Titcoin">Titcoin</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Ethereum" title="Ethereum">Ethash</a>-based</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Ethereum" title="Ethereum">Ethereum</a> (1.0)</li> <li><a href="/wiki/Ethereum_Classic" title="Ethereum Classic">Ethereum Classic</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Scrypt" title="Scrypt">Scrypt</a>-based</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Auroracoin" title="Auroracoin">Auroracoin</a></li> <li><a href="/wiki/Bitconnect" title="Bitconnect">Bitconnect</a></li> <li><a href="/wiki/Coinye" title="Coinye">Coinye</a></li> <li><a href="/wiki/Dogecoin" title="Dogecoin">Dogecoin</a></li> <li><a href="/wiki/Litecoin" title="Litecoin">Litecoin</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Equihash" title="Equihash">Equihash</a>-based</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bitcoin_Gold" title="Bitcoin Gold">Bitcoin Gold</a></li> <li><a href="/wiki/Zcash" title="Zcash">Zcash</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">RandomX-based</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Monero" title="Monero">Monero</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Dash_(cryptocurrency)#X11" title="Dash (cryptocurrency)">X11</a>-based</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Dash_(cryptocurrency)" title="Dash (cryptocurrency)">Dash</a></li> <li><a href="/wiki/Petro_(cryptocurrency)" class="mw-redirect" title="Petro (cryptocurrency)">Petro</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/AmbaCoin" title="AmbaCoin">AmbaCoin</a></li> <li><a href="/wiki/Firo_(cryptocurrency)" title="Firo (cryptocurrency)">Firo</a></li> <li><a href="/wiki/IOTA_(technology)" title="IOTA (technology)">IOTA</a></li> <li><a href="/wiki/Nervos_Network" title="Nervos Network">Nervos Network</a></li> <li><a href="/wiki/Primecoin" title="Primecoin">Primecoin</a></li> <li><a href="/wiki/Verge_(cryptocurrency)" title="Verge (cryptocurrency)">Verge</a></li> <li><a href="/wiki/Vertcoin" title="Vertcoin">Vertcoin</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Proof_of_stake" title="Proof of stake">Proof of stake</a> currencies</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Algorand" title="Algorand">Algorand</a></li> <li><a href="/wiki/Avalanche_(blockchain_platform)" title="Avalanche (blockchain platform)">Avalanche</a></li> <li><a href="/wiki/Cardano_(blockchain_platform)" title="Cardano (blockchain platform)">Cardano</a></li> <li><a href="/wiki/EOS.IO" title="EOS.IO">EOS.IO</a></li> <li><a href="/wiki/Ethereum" title="Ethereum">Ethereum</a> (2.0)</li> <li><a href="/wiki/Gridcoin" title="Gridcoin">Gridcoin</a></li> <li><a href="/wiki/Injective_(blockchain)" title="Injective (blockchain)">Injective</a></li> <li><a href="/wiki/Kin_(cryptocurrency)" class="mw-redirect" title="Kin (cryptocurrency)">Kin</a></li> <li><a href="/wiki/Nxt" title="Nxt">Nxt</a></li> <li><a href="/wiki/Peercoin" title="Peercoin">Peercoin</a></li> <li><a href="/wiki/Polkadot_(cryptocurrency)" class="mw-redirect" title="Polkadot (cryptocurrency)">Polkadot</a></li> <li><a class="mw-selflink selflink">Solana</a></li> <li><a href="/wiki/Steemit" title="Steemit">Steem</a></li> <li><a href="/wiki/Tezos" title="Tezos">Tezos</a></li> <li><a href="/wiki/The_Open_Network" title="The Open Network">TON</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/ERC-20" class="mw-redirect" title="ERC-20">ERC-20</a> tokens</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Augur_(software)" title="Augur (software)">Augur</a></li> <li><a href="/wiki/Aventus_Protocol" class="mw-redirect" title="Aventus Protocol">Aventus</a></li> <li><a href="/wiki/Brave_(web_browser)#Basic_Attention_Token" title="Brave (web browser)">Basic Attention Token</a></li> <li><a href="/wiki/Chainlink_(blockchain)" title="Chainlink (blockchain)">Chainlink</a></li> <li><a href="/wiki/Kin_(cryptocurrency)" class="mw-redirect" title="Kin (cryptocurrency)">Kin</a></li> <li><a href="/wiki/KodakCoin" title="KodakCoin">KodakCoin</a></li> <li><a href="/wiki/Minds_(social_network)" title="Minds (social network)">Minds</a></li> <li><a href="/wiki/Polygon_(blockchain)" title="Polygon (blockchain)">Polygon</a></li> <li><a href="/wiki/Shiba_Inu_(cryptocurrency)" title="Shiba Inu (cryptocurrency)">Shiba Inu</a></li> <li><a href="/wiki/The_DAO_(organization)" class="mw-redirect" title="The DAO (organization)">The DAO</a></li> <li><a href="/wiki/Tron_(cryptocurrency)" class="mw-redirect" title="Tron (cryptocurrency)">TRON</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Stablecoin" title="Stablecoin">Stablecoins</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Dai_(cryptocurrency)" title="Dai (cryptocurrency)">Dai</a></li> <li><a href="/wiki/Diem_(digital_currency)" title="Diem (digital currency)">Diem</a></li> <li><a href="/wiki/Paxos_Trust_Company#Paxos_Standard" title="Paxos Trust Company">Pax</a></li> <li><a href="/wiki/Terra_(blockchain)" title="Terra (blockchain)">Terra</a></li> <li><a href="/wiki/Tether_(cryptocurrency)" title="Tether (cryptocurrency)">Tether</a></li> <li><a href="/wiki/USD_Coin" title="USD Coin">USD Coin</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other currencies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Chia_(cryptocurrency)" title="Chia (cryptocurrency)">Chia</a></li> <li><a href="/wiki/Filecoin" title="Filecoin">Filecoin</a></li> <li><a href="/wiki/Hashgraph" title="Hashgraph">HBAR (Hashgraph)</a></li> <li><a href="/wiki/Helium_Network" title="Helium Network">Helium</a></li> <li><a href="/wiki/Terra_(blockchain)" title="Terra (blockchain)">Luna</a></li> <li><a href="/wiki/MobileCoin" title="MobileCoin">MobileCoin</a></li> <li><a href="/wiki/Nano_(cryptocurrency)" title="Nano (cryptocurrency)">Nano</a></li> <li><a href="/wiki/NEO_(cryptocurrency)" title="NEO (cryptocurrency)">NEO</a></li> <li><a href="/wiki/SafeMoon" title="SafeMoon">SafeMoon</a></li> <li><a href="/wiki/Stellar_(payment_network)" title="Stellar (payment network)">Stellar</a></li> <li><a href="/wiki/WhopperCoin" title="WhopperCoin">WhopperCoin</a></li> <li><a href="/wiki/XRP_Ledger" title="XRP Ledger">XRP Ledger</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_cryptocurrencies#Inactive_currencies" title="List of cryptocurrencies">Inactive currencies</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bitconnect" title="Bitconnect">BitConnect</a></li> <li><a href="/wiki/Coinye" title="Coinye">Coinye</a></li> <li><a href="/wiki/KodakCoin" title="KodakCoin">KodakCoin</a></li> <li><a href="/wiki/OneCoin" title="OneCoin">OneCoin</a></li> <li><a href="/wiki/Petro_(cryptocurrency)" class="mw-redirect" title="Petro (cryptocurrency)">Petro</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Crypto service companies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Hyperledger" title="Hyperledger">Hyperledger</a></li> <li><a href="/wiki/IQ.Wiki" class="mw-redirect" title="IQ.Wiki">IQ.Wiki</a></li> <li><a href="/wiki/Quahl" title="Quahl">Initiative Q</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related topics</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Airdrop_(cryptocurrency)" title="Airdrop (cryptocurrency)">Airdrop</a></li> <li><a href="/wiki/BitLicense" title="BitLicense">BitLicense</a></li> <li><a href="/wiki/Blockchain_game" title="Blockchain game">Blockchain game</a></li> <li><a href="/wiki/Complementary_currency" title="Complementary currency">Complementary 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