Solana

What Solana does

Solana is a high-performance Layer 1 blockchain founded in 2017 and operated by the Solana Foundation, a Swiss non-profit headquartered in Zug, Switzerland, with engineering and ecosystem operations centered in San Francisco. The network uses a proprietary Proof of History (PoH) consensus mechanism combined with Proof of Stake to enable parallel transaction processing, delivering approximately 3,641 transactions per second with sub-second finality and average fees of approximately $0.00025 per transaction. The architecture is purpose-built to address the blockchain trilemma, supporting use cases that are economically unfeasible on slower or higher-fee chains.

Solana's core offering is the network itself, accessed through the Solana Developer Platform and supported by an ecosystem of over 1,000 decentralized applications spanning DeFi, payments, tokenized real-world assets, prediction markets, gaming, and AI agent infrastructure. Complementary Foundation-maintained products include the x402 payment protocol (35M transactions and ~$600M annualized stablecoin payment volume by March 2026), the Agent Registry for AI agent discovery, and the Skills developer framework. Named enterprise adopters include Visa, Mastercard, PayPal, Western Union, MoneyGram, BNY Mellon, BlackRock, Franklin Templeton, Securitize, Fireblocks, Worldpay, Spiko, Societe Generale, Brevan Howard, VanEck, Fiserv, and Stripe.

Revenue mechanics are indirect: the Foundation does not directly monetize transaction fees (the majority flow to validators), but ecosystem-level dApp revenue reached $257M in Q2 2026, marking 9 consecutive quarters as the top L1/L2 blockchain. Distribution is multi-channel, including self-serve developer access via open-source SDKs, institutional access through spot and staking ETFs (Bitwise BSOL, Fidelity, REX-Osprey SSK with $476M in cumulative inflows), and consumer access through Phantom wallet's 20M-user base. Solana captured 96%+ of cross-chain tokenized equity volume ($4.84B in Q2 2026), 11.92% of global DEX volume ($1.6T year-to-date), and approximately 10% of total USDC supply ($8.6B). The customer base spans DeFi users and protocols, financial institutions, consumer application developers, AI and autonomous agent operators, and real-world asset issuers, with the go-to-market motion emphasizing developer-first adoption, ecosystem grants, hackathon programs (Colosseum), and enterprise API-driven partnerships.

Name

Solana

Legal name

Solana Foundation

Website

https://solana.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Solana is a high-performance Layer 1 blockchain using Proof of History consensus to deliver 3,641 TPS with sub-second finality at $0.00025 per transaction. It serves developers, financial institutions, and enterprises through 1,000+ decentralized applications spanning DeFi, payments, tokenized assets, and AI agent infrastructure.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Asset-Backed Securities (6189)

akta.pro primary industry

DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)

akta.pro secondary industries

Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Staking Infrastructure & Validator Enablement (Middleware, Slashing Protection, MEV Relays) (FSADAHAJ), Cross-Chain Bridges & Interoperability Protocols (FSADAMAG), DEX Aggregators & Smart Order Routing (FSADABAC), Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)

Keywords

• Layer 1 blockchain
• High-performance blockchain
• Blockchain infrastructure
• Decentralized applications
• Smart contracts platform

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Transaction Fees: Network generates revenue through transaction fees paid by users. Fees are approximately $0.00025 per transaction, with the majority flowing to validators and ecosystem applications rather than directly to SOL token holders.
2. Ecosystem Application Revenue: Solana's dApp ecosystem generated $257 million in Q2 2026, representing the ninth consecutive quarter as the top Layer 1/2 blockchain. Revenue concentration is notable with Pump.fun generating 42% of Q1 2026 total and Axiom contributing 20%.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels10 records

Core offering

Solana operates a high-performance Layer 1 blockchain network using Proof of History (PoH) combined with Proof of Stake (PoS) consensus, enabling parallel transaction processing at approximately 3,641 transactions per second with sub-second finality and fees under $0.00025 per transaction. The platform provides infrastructure for decentralized applications, tokenized assets, stablecoin payments, and AI agent commerce, supported by developer tools including the x402 payment protocol, Agent Registry, and Skills framework.

Product overview

Solana is a high-performance blockchain network positioned as infrastructure for internet capital markets, payments, and crypto applications. The core offering is the Solana network itself — a Layer 1 blockchain with Proof of History (PoH) and Proof of Stake (PoS) consensus delivering sub-second finality and high throughput. The Solana Foundation maintains complementary developer-facing products: x402 (a payment protocol for AI agent M2M payments via HTTP headers), the Agent Registry (a directory for discovering and registering AI agents on-chain), and Skills (Foundation-maintained skill modules for AI agents building on Solana, covering errors, tooling, tokens, frontend, security, testing, and payments). These three products work together to position Solana as the preferred infrastructure layer for AI agents — providing payment rails (x402), service discovery (Agent Registry), and developer tooling (Skills). The broader Solana ecosystem encompasses over 1,000 decentralized applications spanning DeFi, consumer apps, payments, tokenized RWAs, prediction markets, and AI agent infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Solana Network

Quantifiable outcome

• 96% market share in tokenized equities with $4.84 billion in Q2 2026 volume
• +4 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

27 partnerships are on record, tiered regional and core.

• Alatau City (Kazakhstan)regionalStrategic or Co-development Partner · 30 June 2026Solana Company signed an MoU with Alatau City administration to develop digital asset ecosystem and blockchain hub, leveraging Solana's infrastructure and expertise, with estimated $6 billion in investment potential from the Kazakhstan initiative.
• MoneyGramcoreStrategic or Co-development Partner · 22 June 2026MoneyGram joined the Solana Developer Platform as an infrastructure partner and validator, advancing blockchain-powered global payments with compliant, API-driven infrastructure.
• VisacoreStrategic or Co-development PartnerVisa has settled millions in USDC on Solana and is building on the Solana Developer Platform for tokenized assets, stablecoins, and payment flows. Visa is also a founding partner of Open USD (OUSD) stablecoin launching on Solana.
• MastercardcoreStrategic or Co-development PartnerMastercard is building on Solana Developer Platform for tokenized assets, stablecoins, and payment flows. Mastercard is also a founding partner of Open USD (OUSD) stablecoin launching on Solana.
• PayPalcoreStrategic or Co-development PartnerPayPal has issued its PYUSD stablecoin on Solana, providing dollar stablecoin infrastructure for the ecosystem.
• CirclecoreStrategic or Co-development PartnerCircle is the issuer of USDC, the second-largest stablecoin with $73.4 billion market cap. Circle has minted $64.25 billion in USDC on Solana in H1 2026 and expanded partnership with BNY Mellon for institutional mint/burn capabilities on Solana.
• Western UnioncoreStrategic or Co-development PartnerWestern Union is exploring stablecoins, treasury management, and cross-border payments on Solana, leveraging the network's speed and low costs for remittance applications.
• BNY MelloncoreStrategic or Co-development PartnerBNY Mellon expanded its Digital Asset Custody platform to support USDC minting and burning on Solana and Ethereum, enabling institutional access to dollar liquidity on the network.
• BlackRockcoreStrategic or Co-development PartnerBlackRock has invested in Solana ecosystem through its BUIDL fund exceeding $550 million on Solana. BlackRock is also a founding partner of Open USD (OUSD) stablecoin and has partnered with the NYSE on 24/7 tokenized equity trading platform.
• Franklin TempletoncoreStrategic or Co-development PartnerFranklin Templeton has tokenized funds on Solana showing 64% monthly onchain asset growth, demonstrating institutional adoption of the network for investment products.
• Societe GeneralecoreStrategic or Co-development PartnerSociete Generale, a major European bank, is building tokenization infrastructure on Solana for institutional asset management.
• VanEckcoreStrategic or Co-development PartnerVanEck is an established asset manager exploring Solana-based investment products and digital asset infrastructure.
• WorldpaycoreStrategic or Co-development PartnerWorldpay is building on Solana Developer Platform for tokenized assets, stablecoins, and payment flows as part of the global payments ecosystem.
• StripecoreStrategic or Co-development PartnerStripe is a founding partner of Open USD (OUSD) stablecoin launching on Solana and has backed the initiative along with 140+ companies.
• CoinbasecoreStrategic or Co-development PartnerCoinbase is a founding partner of Open USD (OUSD) stablecoin launching on Solana and has invested in Arcium at approximately $14 million.
• SecuritizecoreStrategic or Co-development PartnerSecuritize tokenized approximately $295 million of its NYSE-listed SECZ equity on Solana on the same day as its IPO, making it the first company to tokenize actual registered shares using SEC-licensed transfer-agent infrastructure.
• SpikocoreStrategic or Co-development PartnerSpiko launched SAFO (Spiko Amundi Overnight Swap Fund) tokenized money market fund on Solana, Europe's largest tokenized money market fund managed by Amundi, with 500 daily deposit/redemption operations across 10,000 active users.
• r3coreStrategic or Co-development Partnerr3 is a blockchain enterprise software company with $10 billion in regulated onchain assets on Solana, focused on enterprise blockchain solutions.
• FiservcoreStrategic or Co-development PartnerFiserv is building on Solana Developer Platform for tokenized assets, stablecoins, and payment flows as part of financial infrastructure.
• WorldcoreStrategic or Co-development PartnerWorld launched its prediction market protocol on Solana through Phantom wallet integration with approximately 20 million users, using Chainlink for oracle infrastructure and Phantom's CASH stablecoin for settlement.
• ChainlinkcoreTechnology or IntegrationChainlink provides oracle infrastructure for Solana-based applications including World's prediction market resolution and Spiko's on-chain NAV calculations.
• PhantomcoreTechnology or IntegrationPhantom wallet with approximately 20 million users serves as the primary consumer interface for Solana, integrating World's prediction markets and providing DeFi access.
• Pump.funcoreStrategic or Co-development PartnerPump.fun generated approximately $123 million in revenue on Solana (42% of network revenue) through its no-code meme coin creation platform, which has launched over 11.9 million tokens.
• JupitercoreStrategic or Co-development PartnerJupiter is Solana's dominant DEX aggregator processing over 50% of the network's total DEX volume, with expansion into perpetual futures trading with up to 100x leverage.
• RaydiumcoreStrategic or Co-development PartnerRaydium is a leading automated market maker and liquidity provider on Solana, facilitating tokenized equity trading and DeFi operations.
• AnzacoreTechnology or IntegrationAnza is the engineering team maintaining Solana's primary validator client Agave, publishing the rollout schedule for Agave v4.2 targeting August 17 with economic mechanics changes.
• Jito LabscoreTechnology or IntegrationJito Labs distributes MEV rewards to Solana stakers through its JitoSOL liquid staking pool with approximately 5.7% of MEV tips allocated to the Jito DAO.

Scale indicators16 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Ethereum: Ethereum is the leading Layer 1 blockchain and Solana's primary direct competitor. Both compete for DeFi liquidity, stablecoin issuance, tokenized assets, and developer mindshare; BNY Mellon supporting USDC on both chains illustrates the head-to-head dynamic.
• Avalanche: Avalanche is a competing Layer 1 with a strong institutional tokenization story (BlackRock, Securitize's SECZ tokenization spans both Solana and Avalanche). It competes directly for the same RWA and enterprise settlement use cases Solana is targeting.
• Tron: Tron is a high-throughput Layer 1 heavily used for stablecoin transfers and is Solana's main competitor for USDT/USDC settlement volume. Both networks compete for retail remittance and stablecoin payment flows.
• Binance Smart Chain: BNB Chain is a high-throughput Layer 1 with low fees and a large DEX/DeFi user base, directly competing with Solana on cost-sensitive DeFi, memecoin trading, and consumer crypto applications.
• Polygon: Polygon is a leading Ethereum-aligned Layer 2/sidechain offering low-fee execution and enterprise tokenization tooling. It competes with Solana for institutional tokenization, payments, and developer adoption.

Emerging players

• Aptos: Aptos is a Move-based Layer 1 with strong throughput claims and institutional backers. It is emerging in the same high-performance L1 category where Solana competes for developers and DeFi activity.
• Sui: Sui is a Move-based Layer 1 from Mysten Labs targeting high-throughput consumer and DeFi applications. It overlaps with Solana's product-led developer growth motion in the performance-focused L1 niche.
• NEAR Protocol: NEAR is a sharded Layer 1 focused on scalability and AI/user-owned applications. It competes with Solana in offering developer-friendly infrastructure for consumer-grade crypto apps and AI agent use cases.
• Hyperliquid: Hyperliquid is a high-performance Layer 1 purpose-built for perpetual futures trading. It overlaps with Solana's on-chain perps ecosystem (Drift, Jupiter Perps) and represents direct competition for derivatives volume.

Others

• Circle (USDC issuer): Circle issues USDC and is a critical infrastructure partner—Solana's stablecoin liquidity (~$8.6B of USDC supply) depends on Circle's minting decisions. While not a direct competitor, Circle's chain choices and product roadmap directly shape Solana's competitive position.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat9 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/solana
• GitHubgithub.com/solana-foundation/solana-com
• YouTubeyoutube.com/SolanaFndn
• LinkedInlinkedin.com/company/solana-foundation
• Facebookfacebook.com/Solana-Labs-324870088019002

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds19 records

Investors61 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments32 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solana