$SOL Solana (SOL) is a high-performance blockchain platform launched in 2020 by Anatoly Yakovenko and Raj Gokal. It employs a unique combination of Proof of Stake (PoS) and Proof of History (PoH) consensus mechanisms to achieve exceptional scalability and speed, enabling thousands of transactions per second with minimal fees. SOL, the native cryptocurrency, is used for transaction fees, staking, and powering decentralized applications (dApps). Solana has gained popularity for hosting NFTs, DeFi platforms, and memecoins. Despite facing network outages and regulatory scrutiny, it remains a top-tier blockchain. As of May 2025, SOL trades around $145.82.