$SOL $SOL (Solana) is a high-performance blockchain designed for decentralized applications (dApps) and crypto projects. Known for its speed and low fees, Solana can process over 65,000 transactions per second (TPS) using its unique Proof of History (PoH) consensus mechanism. It supports smart contracts, DeFi, NFTs, and Web3 applications, making it a strong competitor to Ethereum. SOL, its native token, is used for transaction fees, staking, and governance. Despite its technical strengths, Solana has faced criticism for network outages and centralization concerns. However, its growing ecosystem and scalability continue to attract developers and investors, solidifying its position as a top blockchain platform.