Here's How Solana is Challenging Ethereum's Dominance in DeFi

Solana (SOL) is an open-source project built around a high-performance, permissionless Layer-1 blockchain. Solana’s market cap has soared significantly, from $500 million in early January to nearly $8 billion as of today. Its underlying technology originated in November 2017, when Anatoly Yakovenko published a whitepaper describing Proof-of-History (PoH), a mechanism that can provide a way to cryptographically verify passage of time between two events and therefore does not rely on validators to confirm those events.