Talk:Solana (blockchain platform)

Wiki Education assignment: CAS First-Year Seminar

This article was the subject of a Wiki Education Foundation-supported course assignment, between 25 January 2022 and 9 May 2022. Further details are available on the course page. Student editor(s): LodFod, Meta02 (article contribs). Peer reviewers: GGLOL1600, Yuhcool.

Market value section is not maintained and should be deleted

The price of SOL has gone up a lot since the "Market value" section was last updated. I don't think anybody with edit permissions is particularly inclined to add this information to the article and frankly it's not well-written. I suggest deleting this section. ReeeeingIntoTheVoid (talk) 10:14, 16 June 2024 (UTC)

Do you have a reliable, independent source for this price increase? Grayfell (talk) 22:13, 22 June 2024 (UTC)

uh sure https://www.bloomberg.com/news/articles/2024-03-18/slerf-snap-memecoin-mania-drives-solana-toward-all-time-highs ReeeeingIntoTheVoid (talk) 14:27, 24 June 2024 (UTC)

Here's another article that mentions a more up-to-date market cap of $82b.

https://www.ft.com/content/d37543d9-fe2f-43f5-986a-df37ea7f99d8 Aarongillett (talk) 17:39, 16 November 2024 (UTC)

This Reuters article published 4 months ago mentions a more recent price of $137 (though the current price according to independent price feeds on Coingecko, Pyth etc. is ~$215). https://www.reuters.com/technology/cboe-files-sec-approval-list-solana-etfs-starts-clock-required-decision-2024-07-08/

If editors are unable to maintain this section, or respond to comments here in a timely manner (6 months since a suggested update) it seems better to remove this section so readers aren't given outdated information. Aarongillett (talk) 17:57, 16 November 2024 (UTC)

Many business or financial news outlets will mention the price whenever they mention a security, but we should not use such mentions to stitch together a history ourselves. The sources currently cited in the section are specifically about major price movements - and those are the only sorts of events that should be covered. MrOllie (talk) 18:00, 16 November 2024 (UTC)

I suggest a market cap is not mentioned, but it's stated that Solana is approximately the 5th largest cryptocurrency by market cap. 81.140.132.64 (talk) 00:43, 3 February 2025 (UTC)

Market cap valuation. Again.

Solana is currently the 5th biggest crypto currency (source coingecko, no this isnt a "official website", yes it is reliable) with a current market cap of more than 100 billion. The introduction mentions as a last cap "$7 billion", making it seem like this is some smalltime coin. Frankly, I do not know why this page is locked, but the people who have access to editing clearly dont seem to care a bit about this article. How can we be fine with this article being so outdated? The surge of memecoins on solana in 2024 isnt even mentioned. Should we just keep this article like this because newspapers dont want to cover this? Roseph Hiden (talk) 00:16, 18 January 2025 (UTC)

Crypto sites such as 'Coingecko' are not a reliable source, no. We update the article in response to substantive coverage in actually reliable sources, such as major newspapers and peer-reviewed journal articles. For pricing specifically, we wait for sources that discuss price movements with context, not just places that happen to mention what the price was on the day the article happened to be published. Should we just keep this article like this because newspapers dont want to cover this? - yes. That is what Wikipedia's policies require us to do. MrOllie (talk) 00:28, 18 January 2025 (UTC)

I came to the article looking for information I could send someone who knows nothing much about Solana. I will not bother.

It strikes me as a very anti-Solana article. By the 4th sentence there's mention of hacking, law-suites, outages, misleading investors etc. Generally things go towards the end of articles.

The market cap is constantly changing each second, so putting a number on it is always going to inaccurate. I would suggest saying that Solana is approximately the 5th largest cryptocurrency by market cap.

Full disclosure, I own a small amount of Solana. 81.140.132.64 (talk) 23:35, 2 February 2025 (UTC)

It is evident that the people behind this article, that is the people who are allowed to edit it, are completely indifferent to whether the article is any good. It's one thing to just abandon an article, but abandoning it, and making sure that absolutely no one is able to improve even the most minor details is just terrible. It lacks any mention on technical details of the solana network and the only content consists of seemingly randomly picked happenings that were mentioned by "the news", which also were mostly negative. Especially the introduction, which only focusses on negative events (while failing to mention that solana is the 5th biggest cryptocurrency in terms of market cap as of now) and extremely outdated mentions of market cap changes, the last one mentioned being 7 billion.

The major excuse, repeated ad nauseam, which is the lack of official sources. Supposedly we cannot trust the company Coinbase, but we can trust the companies who own The Guardian or Bloomberg, who of course never had any problems with bias or false reporting...

The fact is that in the current situation, wikipedia, for a substantial part, is a terrible source for cryptocurrency information, yet it does not have to be. The problem is either the unwillingness to improve, or the willingness to have a terrible article that only puts solana in a bad light. Either way, we need change. Roseph Hiden (talk) 00:15, 3 February 2025 (UTC)

Maybe it's someone with a large collection of Ethereum, Polygon, Avalanche or some other cryptocurrency that wants to turn people away from Solana. That seems the most likely reason. 81.140.132.64 (talk) 00:40, 3 February 2025 (UTC)

Extended-confirmed-protected edit request on 26 January 2025

Change "Following the general rise of the cryptocurrency market in 2023, its market cap rose to $7 billion." to "Following institutional adoption of cryptocurrency ETFs and President Donald Trump's support of the industry, as of the end of January 2025, Solana's market capitalization has risen to over $120 billion." 128.119.202.122 (talk) 15:34, 26 January 2025 (UTC)

References

I think any mention of Trump or a market cap in USD is silly. Saying "Solana is approximately the 5th largest cryptocurrency by market cap" is accurate and it will probably remain so for a while at least. 81.140.132.64 (talk) 23:45, 2 February 2025 (UTC)

 Not done 'conmarketcap.com' is not a usable source for Wikipedia, see WP:RS. - MrOllie (talk) 00:00, 3 February 2025 (UTC)

I don't believe Coinmarketcap cannot be considered a usable resource.

Binance is the largest Cryptocurrency exchange. They state here

https://www.binance.com/en-GB/ew-index

"Binance Digital Asset Indices use CoinMarketCap, a cryptocurrency data provider, as the data source for digital asset pricing."

Coinbase is the 3rd largest cryptocurrency exchange. They say here

https://www.coinbase.com/en-gb/price/base-bitcoin

"Data is sourced from CoinMarketCap, CoinGecko, and other third parties. We make no representation on the accuracy of the data provided. Trade on Coinbase"

If the largest and third largest exchanges use Counmarketcap, then you should not be dismissing it. 81.140.132.64 (talk) 01:07, 3 February 2025 (UTC)

You're welcome to believe what you like, but Wikipedia is going to follow its sourcing policies, which I linked in my comment. MrOllie (talk) 01:15, 3 February 2025 (UTC)

Given you don't feel CoinMarketCap is a usable resource, do you feel Binance and/or Coinbase are? They both say they use CounMarketCap, so does that put CoinMartCap as a primary source, with Coinbase and Binance usable secondary sources.

I don't know why the article should say the market cap is $7 billon, but cryptocurrency exchanges saying $91 billion.

Would you agree the article is written in a very negative way? 81.140.132.64 (talk) 02:25, 3 February 2025 (UTC)

Please do check out the sourcing guidelines for yourself rather than naming different sites as you think of them. Self published sites (this includes essentially all crypto blogs, coinbase, binance, etc.) are not usable sources here.

Wikipedia articles are written to reflect what the mainstream, independent secondary sources say - if they tend toward publishing negative information about a topic so will the Wikipedia article. Before you ask, in this case the relevant secondary sources will be things like the Wall Street Journal, the NY Times, and so on. MrOllie (talk) 02:35, 3 February 2025 (UTC)

Extended-confirmed-protected edit request on 26 February 2025

Solana Price Surge Following Donald Trump's Tweet On January 18, 2025, at 2:44 AM, former U.S. President Donald Trump posted a tweet that led to a dramatic surge in the price of Solana (SOL), pushing it from approximately $60 to an all-time high of $262.2. The tweet generated optimism among cryptocurrency investors, with many speculating that Trump's influence could lead to favorable regulatory changes for blockchain platforms like Solana. This price spike was tracked on platforms such as DexScreener. As of February 26, 2026, Solana's price has decreased to $135.81, but the event remains a significant moment in the cryptocurrency's history. Genius74o (talk) 17:54, 26 February 2025 (UTC)

Hi Genius74o! Please provide a WP:reliable source for your text, and tell us exactly where in the article it should be added, then I'll look into it later. Lova Falk (talk) 10:16, 8 March 2025 (UTC)

 Not done: please provide reliable sources that support the change you want to be made. PianoDan (talk) 20:40, 18 March 2025 (UTC)

SEC lawsuit

@Grayfell: you eventually self reverted, but there is no reason to cover every SEC lawsuit all over wikipedia. It is undue weight given to the US POV, and results in an NPOV issue. See Wikipedia:Neutral_point_of_view/FAQ#Anglo-American_focus. The US SEC filing a lawsuit over solana (and probably many other tokens) is a who cares matter to the lead of this article. Note the lawsuit is only tangentially related to this article. Anyhow, the SEC filed a lawsuit against this and that is excessive at this point in time. If you want to cover that lawsuit at Coinbase that is one issue, but adding that lawsuit here is a bit excessive. Maybe you are trying to add some more negative POV to the lead, but it is essentially WP:FALSEBALANCE at this point in time. Jtbobwaysf (talk) 12:46, 21 March 2025 (UTC)

The lead should attempt to summarize the body, where this is supported by three reliable sources. Many more reliable sources are available. Regardless of your intentions, this is functionally another attempt at whitewashing the article. The information is already covered at the Coinbase article, where many of that section's sources list Solana as the first and primary example. Describing this as "all over Wikipedia" is silly, we can and should provide context when necessary. Pending a change in consensus based on policy, the status quo should be restored. Grayfell (talk) 19:15, 21 March 2025 (UTC)

I dispute that it is whitewashing, it is not. We dont need these SEC lawsuits on every article. Maybe you can link to coinbase or something more neutral in the body and leave it out of the lead. It is undue in the lead. Everything doesnt belong in the LEAD. Summarizing the coinbase allegations in the lead of a different article is grossly undue. There is also excessive focus on the US SEC on many of these articles. Who cares what the US SEC thinks at this point in time for the most part, its just too much. Jtbobwaysf (talk) 08:16, 22 March 2025 (UTC)

Solana Labs is based in San Francisco. That their home regulator thinks they should be regulated as a security is relevant - that is why the sources cover it as they do. MrOllie (talk) 12:00, 22 March 2025 (UTC)

First allegations in lawsuits and court cases are generally undue. Second this is about a different party coinbase. Its all too much for the lead. Cover in depth in the article if you think it is so important. Jtbobwaysf (talk) 02:29, 23 March 2025 (UTC)

What, exactly, are you basing this on?

Here's the status quo paragraph, with the removed part stricken for comparison:

Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, was subjected to a hack, and a class action lawsuit was filed alleging that Solana sells unregistered securities, and misled investors about the number of tokens. The SEC has also filed a lawsuit against a cryptocurrency exchange alleging that Solana should be regulated as a security.

Here's my proposed revision that more succinctly summarizes the body:

Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, and was subjected to a hack. In 2022 Solana was subject to a class action lawsuit alleging that Solana tokens are unregistered securities, and that the company had mislead investors. In 2023, The SEC also argued in court that Solana tokens are a security.

This one sentence provides just a bit of additional context for readers. These changes also provide a clearer time-frame. Grayfell (talk) 23:50, 27 March 2025 (UTC)

Court arguments are undue. Do you also want to include the arguments of Solana's attorneys and litigate both sides in a wikipedia article? Jtbobwaysf (talk) 00:13, 28 March 2025 (UTC)

If the sources cover them, they are not 'undue' - we're supposed to follow sourcing to decide on due weight, not make up our own categories of what is and is not worth covering. MrOllie (talk) 01:10, 28 March 2025 (UTC)

There are existing policies against covering legal allegations. Jtbobwaysf (talk) 22:05, 28 March 2025 (UTC)

I'm not familiar with them, perhaps you could point them out. MrOllie (talk) 22:18, 28 March 2025 (UTC)

Since I can find no such policy and you have not provided one here - and since there seems to be no consensus for removal, I have returned the article to its prior state. MrOllie (talk) 19:12, 12 April 2025 (UTC)