$SOL

Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and crypto projects. Its native cryptocurrency, SOL, is used for transaction fees, staking, and governance. Solana is known for its speed and low costs, processing thousands of transactions per second using a unique Proof of History (PoH) combined with Proof of Stake (PoS) consensus mechanism. This efficiency makes it a strong competitor to Ethereum. SOL gained popularity due to its scalability and support for NFTs, DeFi, and Web3 applications. However, it has faced occasional network outages and centralization concerns, despite its rapid growth and strong developer community.