$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) consensus mechanisms, enabling high throughput and low transaction costs. Solana's architecture supports a wide range of projects, including decentralized finance (DeFi), non-fungible tokens (NFTs), and meme coins. Despite its rapid growth, the platform has faced challenges such as network outages and regulatory scrutiny. As of May 2025, Solana remains a prominent player in the cryptocurrency space, with a market capitalization of approximately \$74.8 billion. ([CoinMarketCap][1])