Milestones
- Mainnet beta launch16 Mar 2020Complete.
- ~17-hour outage from transaction flood14 Sep 2021Complete.
- Frankendancer hybrid client on mainnetSep 2024Complete.
- Full Firedancer client live on mainnetDec 2025Complete.
Most important updates
- Dec 2025
- Sep 2024
- 6 Feb 2024
- 14 Sep 2021
- 16 Mar 2020
Current obstacles
- Staying up under loadPast halts needed validators to restart together. A second client lowers but doesn't remove the risk.
Physics limits
- Hardware sets the throughput ceilingEvery validator must execute each block within ~400 ms. Throughput is capped by the CPU, memory and network speed of the machines the network wants to keep, not by the protocol alone.
- Hot accounts can't be parallelTransactions that write the same account, like a popular trading pool, must run one after another. Such hot spots cap throughput no matter how many cores a validator has.
- State must stay fast to readHundreds of gigabytes of account state must be read in microseconds, so it lives in RAM and fast SSDs. Growth raises validator costs; fees and compression slow it but don't stop it.
How it works

A published leader schedule
Validators take turns as leader for four ~400 ms slots each, on a schedule known in advance, so wallets send transactions straight to the next leader.
Transactions run side by side
Each transaction lists the accounts it will touch, so the runtime can run non-overlapping transactions at the same time on many CPU cores.
Blocks spread through a tree
The leader cuts blocks into small coded packets and relays them through a tree of validators, so no node must send a whole block to everyone.
Two independent clients
Agave (Rust) and Firedancer (C) implement the same rules separately, so a bug in one client is less likely to halt the whole network.
Papers & demos
- Nov 2017paperSolana: A new architecture for a high performance blockchain (opens solana.com)Original whitepaper introducing Proof of History.
Update log
Dec 2025
- Major: PressSoftware
Sep 2024
- Minor: PressSoftware
Tue 6 Feb 2024
- Minor: BlogOther
Tue 14 Sep 2021
- Major: BlogOther
Mon 16 Mar 2020
- Major: OtherSoftware
About Solana
Solana
Fast L1 blockchain, Firedancer, Alpenglow
Fast blockchain that runs many transactions in parallel on one shared ledger, with ~400 ms blocks. Maintained by Solana Labs, the Solana Foundation and client teams incl. Anza and Jump Crypto. A new voting system, Alpenglow, aims to cut finality from ~12.8 s to ~150 ms.
- Jump Crypto's Firedancer client went live in Dec 2025, so Solana no longer depends on one software client.
- Validators approved the Alpenglow rewrite in Sept 2025. It's expected to go live with client v4.3.
- Multi-hour outages in 2021-2022 and Feb 2024 drove investment in a second client and networking fixes.
- Founded
- 20188 yrs
- Headquarters
- United StatesSwitzerland
- Status
- Private
- Valuation
- private
- Works in
- CryptoBlockchains (L1s)
- Coverage
- 2 programs · 11 updateslatest 15d agochecked 25 Sep
- People
- Anatoly Yakovenko (opens en.wikipedia.org)Co-founder, Solana LabsRaj GokalCo-founder, Solana LabsLily LiuPresident, Solana Foundation

