OpenBB Terminal Report

Analyst: QLN

Date : 25 October, 2023

Time : 14:51 EDT


INVESTMENT RESEARCH REPORT: sol


No comment.

Basic information about loaded coin

Value
Metric
id sol-solana
name Solana
symbol SOL
rank 8
type coin
description Solana is a public blockchain. It is open-source and decentralised, and achieves\nconsensus using a proof-of-stake algorithm together with a novel algorithm\ncalled proof-of-history. Its internal cryptocurrency has the symbol SOL.\nBloomberg considers the platform "a potential long-term rival to Ethereum." Like\nEthereum, Solana can interact with smart contracts. On 14 September 2021,\nSolana's blockchain went offline after a wave of transactions caused discord\nbetween network participants and a subsequent split into multiple blocks. The\nnetwork was successfully restored early on 15 September. Solana can likely\nhandle 50,000 transactions per second, making it faster than Ethereum, but still\nlower than the 400,000 transactions seen during the peak.
proof_type Delegated Proof of Stake
tags Cryptocurrency, Byzantine Fault Tolerance

Links

Name Link
0 Whitepaper https://github.com/solana-labs/whitepaper/blob/master/solana-whitepaper-en.pdf">https://github.com/solana-labs/whitepaper/blob/master/solana-whitepaper-en.pdf
1 Website https://solana.com/">https://solana.com/
2 Github https://github.com/solana-labs">https://github.com/solana-labs
3 Medium https://medium.com/solana-labs">https://medium.com/solana-labs
4 Twitter https://twitter.com/solana">https://twitter.com/solana
5 YouTube https://www.youtube.com/channel/UC9AdQPUe4BdVJ8M9X7wxHUA">https://www.youtube.com/channel/UC9AdQPUe4BdVJ8M9X7wxHUA
6 Telegram https://t.me/solana">https://t.me/solana
7 Discord https://discordapp.com/invite/pquxPsq">https://discordapp.com/invite/pquxPsq

Published news

domain title negative_votes positive_votes link
published_at
2023-10-25 cryptoslate.com UK’s Financial Conduct Authority says crypto firms are failing to\nsatisfy new promotional rules 0 0 https://cryptopanic.com/news/18994384/UKs-Financial-Conduct-Authority-says-crypto-firms-are-failing-to-satisfy-new-promotional-rules">https://cryptopanic.com/news/18994384/UKs-Financial-Conduct-Authority-says-crypto-firms-are-failing-to-satisfy-new-promotional-rules
2023-10-25 beincrypto.com Can Crypto Whales Drive Dogecoin (DOGE) Price to New Heights? 0 0 https://cryptopanic.com/news/18994140/Can-Crypto-Whales-Drive-Dogecoin-DOGE-Price-to-New-Heights">https://cryptopanic.com/news/18994140/Can-Crypto-Whales-Drive-Dogecoin-DOGE-Price-to-New-Heights
2023-10-25 theblock.co LayerZero introduces omnichain token to move Lido’s wstETH across\nAvalanche, BNB Chain and Scroll 0 0 https://cryptopanic.com/news/18994027/LayerZero-introduces-omnichain-token-to-move-Lidos-wstETH-across-Avalanche-BNB-Chain-and-Scroll">https://cryptopanic.com/news/18994027/LayerZero-introduces-omnichain-token-to-move-Lidos-wstETH-across-Avalanche-BNB-Chain-and-Scroll
2023-10-25 newsbtc.com Bitcoin ETF Will Send BTC Back To $44,000, Why This Trading Firm\nIs Betting On This Scenario 0 0 https://cryptopanic.com/news/18994026/Bitcoin-ETF-Will-Send-BTC-Back-To-44000-Why-This-Trading-Firm-Is-Betting-On-This-Scenario">https://cryptopanic.com/news/18994026/Bitcoin-ETF-Will-Send-BTC-Back-To-44000-Why-This-Trading-Firm-Is-Betting-On-This-Scenario
2023-10-25 bitcoinist.com Cardano Poised To Explode As Grayscale Makes A Major Play 3 4 https://cryptopanic.com/news/18994050/Cardano-Poised-To-Explode-As-Grayscale-Makes-A-Major-Play">https://cryptopanic.com/news/18994050/Cardano-Poised-To-Explode-As-Grayscale-Makes-A-Major-Play
2023-10-25 dailycoin.com Binance CEO Reassures Users Amid Surprise Withdrawal Freeze 0 0 https://cryptopanic.com/news/18994058/Binance-CEO-Reassures-Users-Amid-Surprise-Withdrawal-Freeze">https://cryptopanic.com/news/18994058/Binance-CEO-Reassures-Users-Amid-Surprise-Withdrawal-Freeze
2023-10-25 cryptopolitan.com Why Caroline Ellison, FTX’s Gary Wang, and Nishad Singh may avoid\njail time – SBF has it rough 0 0 https://cryptopanic.com/news/18994060/Why-Caroline-Ellison-FTXs-Gary-Wang-and-Nishad-Singh-may-avoid-jail-time-SBF-has-it-rough">https://cryptopanic.com/news/18994060/Why-Caroline-Ellison-FTXs-Gary-Wang-and-Nishad-Singh-may-avoid-jail-time-SBF-has-it-rough
2023-10-25 theblock.co SBF lawyers want help from FBI agents as they seek to shift\nnarrative in court 0 0 https://cryptopanic.com/news/18994065/SBF-lawyers-want-help-from-FBI-agents-as-they-seek-to-shift-narrative-in-court">https://cryptopanic.com/news/18994065/SBF-lawyers-want-help-from-FBI-agents-as-they-seek-to-shift-narrative-in-court
2023-10-25 cointelegraph.com Revolutionizing whitelist marketplace for Web3: WhiteList Zone\npartners with Cointelegraph Accelerator 0 0 https://cryptopanic.com/news/18994053/Revolutionizing-whitelist-marketplace-for-Web3-WhiteList-Zone-partners-with-Cointelegraph-Accelerator">https://cryptopanic.com/news/18994053/Revolutionizing-whitelist-marketplace-for-Web3-WhiteList-Zone-partners-with-Cointelegraph-Accelerator
2023-10-25 coindesk.com All of a Sudden, It’s All About Bitcoin 0 0 https://cryptopanic.com/news/18994103/All-of-a-Sudden-Its-All-About-Bitcoin">https://cryptopanic.com/news/18994103/All-of-a-Sudden-Its-All-About-Bitcoin

Historical data

2023-10-25T14:51:20.901741 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/
2023-10-25T14:51:21.249659 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/
2023-10-25T14:51:21.718781 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/
2023-10-25T14:51:22.200198 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

1-year historical data candlestick chart

2023-10-25T14:51:25.195830 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Sentiment analysis

2023-10-25T14:51:24.678599 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

No comment.

Trading pair info sol/USDT

Value
Metric
id SOL-USDT
base_currency SOL
quote_currency USDT
quote_increment 0.01
base_increment 0.001
display_name SOL/USDT
min_market_funds 1
margin_enabled False
post_only False
limit_only False
cancel_only False
status online
status_message
trading_disabled False
fx_stablecoin False
max_slippage_percentage 0.03000000
auction_mode False
high_bid_limit_percentage

Market cap dominance

2023-10-25T14:51:26.148928 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Roadmap

Title Type Details
Date
2020-02-04 Tour de SOL Testnet Testnet Launch Tour de SOL (TdS) is Solana's incentivize testnet that first launched in Feb. 2020. From the beginning, Solana Labs intended its TdS testnet to go through multiple stages and run parallel to early versions of the project's mainnet.\n\nLearn more:\nTour de SOL Stage 1 Recap
2020-03-16 Mainnet Beta Mainnet Launch Solana released a beta version of its mainnet in Mar. 2020, which was around the same time the project raised $1.76 million in a public token auction. The project intended to operate its mainnet in a beta stage. This beta version supports basic smart contract capabilities and token transactions, but it does not feature inflation rewards for validators. Once network inflation turns on, the network will graduate from a beta stage to a production-ready version.\n\nLearn more:\na href="https://messari.io/article/solana-raises-1-8-million-in-token-sale"Solana raises ~$1.8 million in token sale/a
NaT Full Mainnet Network Upgrade Solana plans to upgrade its network from Mainnet Beta to a full mainnet version either later in Dec. 2020 or early 2021. This more complete version of mainnet will introduce Solana's proposed inflation schedule. The voting period to enable "pico-inflation" on the Mainnet Beta will start on Dec. 7, 2020, which the voting period to enable full inflation will start on Dec. 21, 2020.\n\nLearn more:\nFinal Inflation Parameter Proposal and Steps to Implementation
2023-10-25T14:51:27.325626 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Tokenomics

Title Type Details
Date
2020-02-04 Tour de SOL Testnet Testnet Launch Tour de SOL (TdS) is Solana's incentivize testnet that first launched in Feb. 2020. From the beginning, Solana Labs intended its TdS testnet to go through multiple stages and run parallel to early versions of the project's mainnet.\n\nLearn more:\nTour de SOL Stage 1 Recap
2020-03-16 Mainnet Beta Mainnet Launch Solana released a beta version of its mainnet in Mar. 2020, which was around the same time the project raised $1.76 million in a public token auction. The project intended to operate its mainnet in a beta stage. This beta version supports basic smart contract capabilities and token transactions, but it does not feature inflation rewards for validators. Once network inflation turns on, the network will graduate from a beta stage to a production-ready version.\n\nLearn more:\na href="https://messari.io/article/solana-raises-1-8-million-in-token-sale"Solana raises ~$1.8 million in token sale/a
NaT Full Mainnet Network Upgrade Solana plans to upgrade its network from Mainnet Beta to a full mainnet version either later in Dec. 2020 or early 2021. This more complete version of mainnet will introduce Solana's proposed inflation schedule. The voting period to enable "pico-inflation" on the Mainnet Beta will start on Dec. 7, 2020, which the voting period to enable full inflation will start on Dec. 21, 2020.\n\nLearn more:\nFinal Inflation Parameter Proposal and Steps to Implementation
2023-10-25T14:51:28.929318 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Fundraising Details

The Solana team distributed tokens in five different funding rounds, four of which were private sales. These private sales began in Q1 2019 and culminated in a $20 million Series A led by Muliticoin Capital, announced in July 2019. Additional participants included Distributed Global, BlockTower Capital, Foundation Capital, Blockchange VC, Slow Ventures, NEO Global Capital, Passport Capital, and Rockaway Ventures. The firms received SOL tokens in exchange for their investments, although the number of tokens allocated to investors was not disclosed. Solana announced the new capital would be pushed toward engineering and project management. See more details here. In 2020, Solana raised its fourth private sale (dubbed a Strategic Sale) and held a public auction sale hosted by CoinList, which brought in another ~$4 million combined. The remaining tokens from the initial SOL supply will go to Solana Labs team members, the Solana Foundation (to help fund development and balance validator voting power), and a "community reserve" (also managed by the Solana Foundation) to fund community initiatives and application developers. The initial distribution of SOL tokens is as follows: 15.86% to Seed Round investors 2.63 to Founding Sale investors 5.07% to Validator Sale investors 1.84% to Strategic Sale investors 1.6% to Public Auction Sale investors 12.5% to team members 12.5% to the Solana Foundation 38% to the Community reserve fund (managed by the Solana Foundation)

Title Start Date Type End Date Tokens Allocated Price [$] Amount Collected [$]
0 Seed Sale 2018-04-05 Seed 2018-04-05 79290466 0.04000 3170000
1 Founding Sale 2018-06-03 Series A 2018-06-03 63151982 0.20000 12630000
2 Validator Sale 2019-07-09 Series A 2019-07-09 25331653 0.22500 5700000
3 Strategic Sale 2020-02-18 Seed 2020-02-18 9175520 0.25000 2290000
4 Public Auction 2020-03-24 Crowdsale 2020-03-24 8000000 0.22000 1760000

All markets

pair trust_score pct_volume_share usd_price usd_volume market_url
exchange
BigONE SOL/USDT high 0.01249 32.67633 210839.10104 https://big.one/trade/SOL-USDT">https://big.one/trade/SOL-USDT
Binance SOL/ETH high 0.28042 32.65229 4734130.38784 https://www.binance.com/en/trade/SOL_ETH">https://www.binance.com/en/trade/SOL_ETH
Binance Futures SOL/USDT low 0.00000 32.65433 2196411601.20268 None">None
BitForex SOL/USDC high 0.20493 32.57045 3459621.39986 https://www.bitforex.com/en/spot/sol_usdc">https://www.bitforex.com/en/spot/sol_usdc
Bitget SOL/USDC high 0.00435 32.59045 73399.87828 None">None
Bitrue SOL/ADA low 0.05674 32.49305 957900.72609 https://www.bitrue.com/trade/sol_ada">https://www.bitrue.com/trade/sol_ada
Bittrex SOL/USD medium 0.00169 33.06100 28476.12016 https://bittrex.com/Market/Index?MarketName=USD-SOL">https://bittrex.com/Market/Index?MarketName=USD-SOL
CoinW SOL/USDT no_data 1.07833 32.65333 18204661.22831 None">None
Geco one SOL/USD no_data 0.00000 32.66000 336700.00000 None">None
Jubi SOL/USDT no_data 0.06793 32.68843 1146736.13592 None">None
Kraken SOL/GBP high 0.05236 32.66370 883949.71466 https://trade.kraken.com/charts/KRAKEN:SOL-ZGBP">https://trade.kraken.com/charts/KRAKEN:SOL-ZGBP
Kraken SOL/USD high 1.82011 32.67000 30727580.80880 https://trade.kraken.com/charts/KRAKEN:SOL-ZUSD">https://trade.kraken.com/charts/KRAKEN:SOL-ZUSD
Luno SOL/NGN no_data 0.00018 55.00979 3073.25953 https://www.luno.com/trade/SOLNGN">https://www.luno.com/trade/SOLNGN
Orca DEX SOL/USDC no_data 0.00114 18.37605 19189.41107 None">None
Raydium CHILI/SOL no_data 0.00000 32.80686 9.35796 None">None
Raydium JSOL/SOL no_data 0.00000 32.56006 0.00611 None">None
Raydium PRNT/SOL no_data 0.00032 32.65148 5459.68230 None">None
Raydium GARY/SOL no_data 0.00036 32.65148 6103.36481 None">None
VinDAX SOL/USDT no_data 0.00000 33.06046 737182.82509 None">None
WhiteBIT SOL/UAH high 0.02716 35.95398 458544.98658 https://whitebit.com/trade/SOL_UAH">https://whitebit.com/trade/SOL_UAH

Exchanges where loaded coin is listed

name adjusted_volume_24h_share fiats
id
ascendex AscendEX (BitMax) 0.01459 0
bigone BigONE 0.01492 0
binance Binance 27.71394 8
bithumb Bithumb 3.03043 1
bitmart BitMart 0.02220 0
bitstamp Bitstamp 0.06259 2
bittrex Bittrex 0.01119 2
bitvavo Bitvavo 0.64173 1
bybit-spot Bybit (Spot) 3.03958 0
coinbase Coinbase 5.76491 3
coinex CoinEx 0.17609 0
exmarkets ExMarkets 0.00024 0
fortaleza Fortaleza 0.00000 4
gemini Gemini 0.07450 4
phemex Phemex 0.23483 0
probit-exchange ProBit Exchange 0.00005 0
tidex Tidex 2.33371 0
trubit-pro TruBit Pro 0.11296 0
xt XT 1.52481 0
zedxion-exchange ZEDXION EXCHANGE 10.96111 0

Last trades

Price Amount Cost Side
Date
2023-10-25 19:43:57.712000+00:00 32.69000 0.18559 6.06694 sell
2023-10-25 19:44:19.737000+00:00 32.66400 2.42165 79.10071 sell
2023-10-25 19:44:42.042000+00:00 32.61400 2.13349 69.58174 sell
2023-10-25 19:48:19.441000+00:00 32.71000 1.19334 39.03418 buy
2023-10-25 19:48:25.892000+00:00 32.74600 1.17496 38.47521 buy
2023-10-25 19:49:22.163000+00:00 32.69000 2.39750 78.37427 buy
2023-10-25 19:51:35.106000+00:00 32.66300 1.18830 38.81348 buy
2023-10-25 19:52:40.916000+00:00 32.64600 1.18663 38.73872 buy
2023-10-25 19:52:43.308000+00:00 32.64100 1.18330 38.62419 buy
2023-10-25 19:53:04.871000+00:00 32.61000 18.14100 591.57801 sell
2023-10-25 19:53:04.899000+00:00 32.61000 3.78200 123.33102 sell
2023-10-25 19:53:04.924000+00:00 32.60500 12.52300 408.31241 buy
2023-10-25 19:53:04.926000+00:00 32.61000 5.72000 186.52920 sell
2023-10-25 19:53:05.090000+00:00 32.61000 4.71000 153.59310 sell
2023-10-25 19:53:05.265000+00:00 32.60100 12.52300 408.26232 buy
2023-10-25 19:53:05.825000+00:00 32.60000 22.93300 747.61580 sell
2023-10-25 19:53:12.307000+00:00 32.60200 1.18496 38.63220 buy
2023-10-25 19:53:14.396000+00:00 32.60000 41.06000 1338.55600 sell
2023-10-25 19:53:46.252000+00:00 32.66900 1.17663 38.43942 buy
2023-10-25 19:53:59.732000+00:00 32.66800 1.18165 38.60204 buy

Order book

2023-10-25T14:55:34.467264 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Price and supply related metrics for loaded coin

Value
Metric
id sol-solana
name Solana
symbol SOL
rank 8
circulating_supply 417939574
total_supply 560904857
max_supply 0
beta_value 1.97731
first_data_at 2020-08-26 00:00:00
last_updated 2023-10-25 19:52:21
usd_price 32.68721
usd_volume_24h 1687214635.77216
usd_volume_24h_change_24h -5.52000
usd_market_cap 13661280077
usd_market_cap_change_24h 7.60000
usd_percent_change_15m -0.37000
usd_percent_change_30m -0.31000
usd_percent_change_1h -0.84000
usd_percent_change_6h -0.70000
usd_percent_change_12h 5.25000
usd_percent_change_24h 7.58000
usd_percent_change_7d 37.91000
usd_percent_change_30d 72.57000
usd_percent_change_1y 6.24000
usd_ath_price 259.70460
usd_ath_date 2021-11-06 21:50:00
usd_percent_from_price_ath -87.43000

Events

date_to name description is_conference link
date
2023-10-30\n00:00:00 None Breakpoint 2023 True https://coinmarketcal.com/event/breakpoint-2023-183400">https://coinmarketcal.com/event/breakpoint-2023-183400
2023-10-27\n00:00:00 None Twitter Spaces False https://coinmarketcal.com/event/twitter-spaces-183833">https://coinmarketcal.com/event/twitter-spaces-183833

Tweets for loaded coin

date user_name status retweet_count like_count 5 2023-04-06\n16:30:38 solana https://t.co/pVMkuEMHA4 35 227 4 2023-04-06\n19:37:00 solanafm The @solana Grizzlython showed us a sign of re... 47 0 3 2023-04-06\n20:34:40 Austin_Federa Solana is for everyone Today, that everyone in... 105 0 2 2023-04-07\n02:30:00 solendprotocol Phase 1 of Solend V2 is launching next week!On... 37 0 1 2023-04-07\n14:03:46 solana 1/ 10,000 registrants. 813 submissions. Partic... 254 819 0 2023-04-07\n16:30:13 AwakenTax PRODUCT ANNOUNCEMENT Solana is LIVE on Awake... 14 0

Github activity over time

2023-10-25T14:57:38.850770 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

No comment.

Simple moving average

2023-10-25T14:57:39.021122 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Exponential moving average

2023-10-25T14:57:39.170475 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Zero lag exponential moving average

2023-10-25T14:57:39.323818 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Commodity channel index

2023-10-25T14:57:39.551554 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Moving average convergence/divergence

2023-10-25T14:57:39.959760 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Fisher transform

2023-10-25T14:57:40.399486 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Aroon indicator

2023-10-25T14:57:40.806751 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Bollinger bands

2023-10-25T14:57:41.083911 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Fibonacci retracement

2023-10-25T14:57:41.305404 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

No comment.

Summary

Open High Low Close Adj Close Volume
count 365.00000 365.00000 365.00000 365.00000 365.00000 365.00000
mean 20.51922 21.21856 19.86363 20.52256 20.52256 572.56851
std 4.67333 4.90830 4.55817 4.68345 4.68345 586.68397
min 9.65191 9.82713 8.14127 9.65178 9.65178 97.37905
10% 13.57825 14.11133 13.18496 13.57827 13.57827 194.46322
25% 18.24671 18.97143 17.46148 18.24883 18.24883 265.37293
50% 20.93530 21.48564 20.35583 20.92803 20.92803 380.22562
75% 23.25574 24.03055 22.59660 23.25609 23.25609 688.13518
90% 24.97317 25.83433 24.31324 24.97544 24.97544 1131.06268
max 36.77217 38.54962 33.73513 36.76576 36.76576 6120.10423
var 21.84005 24.09138 20.77691 21.93474 21.93474 344198.08447

Normality statistics and tests

Kurtosis Skewness Jarque-Bera Shapiro-Wilk Kolmogorov-Smirnov
Statistic 1.76916 0.54375 3.83511 0.96537 1.00000
p-value 0.07687 0.58662 0.14697 0.00000 0.00000

Box and whisker plot

2023-10-25T14:57:41.635470 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Rolling mean and std deviation of prices

2023-10-25T14:57:41.915738 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/

Rolling kurtosis of distribution of prices

2023-10-25T14:57:42.210220 image/svg+xml Matplotlib v3.7.0, https://matplotlib.org/