$SOL Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and smart contracts. Launched in 2020 by Solana Labs, it employs a unique combination of proof-of-stake (PoS) and proof-of-history (PoH) mechanisms to achieve rapid transaction speeds and low fees . As of April 30, 2025, SOL is priced at approximately $142.45, with a market capitalization of around $73.8 billion . Despite facing challenges like network outages and regulatory scrutiny, Solana remains a prominent player in the crypto space, with its native token SOL being considered for inclusion in the U.S. strategic crypto reserve .