Solana is a blockchain platform that offers smart contract capability using a proof-of-stake method. SOL is its native cryptocurrency. Solana was introduced in 2020 by Solana Labs, which Anatoly Yakovenko and Raj Gokal had established in 2018. In addition to multiple significant outages and hacks, Solana is accused in a class action complaint of selling unregistered securities and misleading investors about the quantity of tokens. Additionally, the SEC has sued a cryptocurrency exchange, claiming that Solana should be subject to securities regulations.
In January 2022, Solana’s market value was valued at US$55 billion. But once FTX filed for bankruptcy, by the end of 2022, this had dropped to almost $3 billion. After an overall growth, the market capitalization of cryptocurrencies surpassed $7 billion in 2023.
▶History of the Solana Logo 🌞
2020-Present
The Solana logo’s primary characteristic is recognition. Its black circle base is evocative of an enigmatic coin. The coin’s rich tint lends it an air of mystery. Due to its extreme saturation, it appears coal-anthracite, or extremely black with a hint of sheen.