$SOL Solana ($SOL) is a high-performance blockchain designed for fast, scalable, and low-cost decentralized applications (dApps). Launched in 2020, Solana uses a unique Proof-of-History (PoH) consensus mechanism combined with Proof-of-Stake (PoS) to achieve high throughput and low transaction fees.

Solana can process thousands of transactions per second (TPS), making it a strong competitor to Ethereum for DeFi, NFTs, and gaming applications. The native cryptocurrency, $SOL, is used for transaction fees, staking, and governance.

Despite network congestion issues in the past, Solana remains one of the most popular blockchains, attracting developers and investors due to its speed and low costs.