$SOL Solana (SOL) is a cryptocurrency that's currently trading around $147.92, with a market capitalization of approximately $78.2 billion. Its price has seen a slight decrease of 1.22% in the last 24 hours but has increased by 1.79% over the past 7 days.
*Key Features of Solana:*
- *Fast Transactions*: Solana uses a Proof of Stake (PoS) and Proof of History (PoH) consensus mechanism, allowing for fast transaction verification and timestamping.
- *Low Fees*: SOL is used for transaction fees and staking, making it an attractive option for users.
- *Governance Token*: SOL holders can participate in voting on future upgrades and governance proposals submitted by the Solana community.
- *Decentralized Finance (DeFi)*: Solana provides solutions for DeFi applications, enabling lending, borrowing, and trading.¹ ²
*Price Performance:*
- *24-hour Range*: $145.38 - $153.42
- *All-Time High*: $270.59
- *Circulating Supply*: 517,672,763 SOL³
Keep in mind that cryptocurrency prices can be volatile, so it's essential to stay updated on market trends and news.