Solana

SOL Launched 2020 source

What this page is: neutral, sourced facts about Solana. Every line links where it was checked. 11 facts, 2 from primary sources. Educational, not financial advice.

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Launch

Officially launched in March 2020 by the Solana Foundation. secondary source source

Founders and creators

Anatoly Yakovenko is the author of the Solana white paper, Solana: A new architecture for a high performance blockchain. primary source source

Origin story

Solana was first opened to the public in March 2020, with its first block being created on 16 March 2020. secondary source source

Stated purpose

The Solana blockchain was designed to support smart contracts and decentralized apps in particular. secondary source source

Consensus mechanism

The Solana white paper proposes a new blockchain architecture based on Proof of History (PoH), a proof for verifying order and passage of time between events. primary source source

Supply model

CoinMarketCap lists the SOL distribution as 16.23% initial seed sale, 12.92% founding sale, 12.79% team members and 10.46% Solana Foundation. secondary source source

Main uses today

SOL serves as the primary currency for paying transaction fees, participating in network governance, and securing the system through staking. secondary source source

Key milestones

Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020. secondary source source

Notable events and controversies

The network has been plagued by repeated outages. secondary source source
Feb 2, 2022: Wormhole bridge exploit on Solana minted 120,000 wETH worth over $320M. secondary source source
On 14 September 2021, the Solana blockchain went offline after a surge of transactions caused the network to fork. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

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