$SOL Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. Known for its fast transaction speeds and low costs, Solana uses a unique Proof of History (PoH) mechanism combined with Proof of Stake (PoS) to enhance scalability. It can process thousands of transactions per second, making it attractive for DeFi, NFTs, and gaming projects. SOL is the native cryptocurrency used to pay transaction fees and for staking within the network. Despite facing some outages and criticisms, Solana remains one of the most prominent blockchain platforms in the crypto space due to its innovation and efficiency.

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