DeFi Intel

Solana chain

Chain · PageRank 0.4377

Also known as: Solana network

Source: thedefiant.io

Overview

Solana is a public blockchain platform designed for high throughput and low transaction costs. It employs a proof-of-history (PoH) consensus mechanism combined with proof-of-stake (PoS) to enable parallel transaction processing. The network is used for decentralized applications, DeFi, and other crypto projects.

Within the DeFi Intel graph, Solana connects to 581 tracked entities, most strongly to Solana token, USD Coin, Visa.

Relations

News mentions · View all relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 581 total).

RelationConnected entityConfidence
supports_tokenSolana token99%
deployed_onUSD Coin97%
deployed_onVisa96%
grew-onUSD Coin95%
deployed_onTether USD95%
deployed_onLido95%
deployed_onRenzo95%
deployed_onPyth Network95%
deployed_onDai95%
deployed_onWormhole95%

In-depth guides on Solana

Frequently asked questions

What consensus mechanism does Solana use?

Solana uses a proof-of-history (PoH) consensus mechanism combined with proof-of-stake (PoS) to enable parallel transaction processing.

What tokens are deployed on Solana?

USD Coin and Visa are deployed on Solana, and the network supports the Solana token.

What recent events are associated with Solana?

Solana is mentioned in relation to Tether committing $127.5M to Drift Protocol's recovery plan after a $270M+ exploit, and Wrapped XRP becoming available across major Solana apps.