$SOL

Solana (SOL) is a high-performance, layer-1 blockchain renowned for its speed and low transaction costs. Launched in March 2020, Solana utilizes a unique combination of Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus mechanisms, enabling it to achieve high throughput, theoretically up to 65,000 transactions per second.

Its native cryptocurrency, SOL, is used for transaction fees, staking, and governance. The Solana ecosystem has grown rapidly, hosting a wide array of decentralized applications (dApps) in DeFi, NFTs, and gaming. Often cited as an "Ethereum competitor," Solana aims to provide a scalable and efficient infrastructure for the next generation of decentralized web applications.