Solana (SOL) is a digital currency and blockchain project symbolized by (SOL). It is considered one of the most prominent currencies in the crypto world due to its high speed and low transaction costs. Launched in 2020, it aims to provide a decentralized platform that supports smart contracts and decentralized applications (dApps) in a way that outperforms many competitors like Ethereum in terms of performance.
Solana relies on a unique mechanism called "Proof of History" alongside "Proof of Stake," enabling it to process thousands of transactions per second. It is used in various fields such as decentralized finance (DeFi), gaming, NFTs, and Web3 applications. The SOL token is used as a means of payment within the network and to pay transaction fees, and it can also be staked to earn rewards.
Thanks to its robust infrastructure and increasing partnerships, Solana has become a focal point for developers and investors, and despite some technical challenges it faced earlier, it still maintains a strong position in the market.