Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and crypto projects. Launched in 2020 by Anatoly Yakovenko, Solana has gained attention for its ability to handle a high number of transactions per second (TPS), making it one of the fastest blockchains available. Solana’s innovative Proof of History (PoH) mechanism allows it to process thousands of transactions per second with low fees.
As of May 2025, Solana’s native token, SOL, is trading at approximately $167.94 USD, with a market capitalization of around $87 billion USD. The 24-hour trading volume stands at $3.5 billion USD, reflecting active market participation.
Solana’s ecosystem supports a wide range of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming platforms. Its scalability and low transaction costs make it an attractive choice for developers and users alike.
For those interested in trading or investing in SOL, Binance offers a secure and user-friendly platform to buy, sell, and manage Solana tokens. With high liquidity and competitive fees, Binance provides an efficient environment for engaging with the Solana ecosystem.
To explore more about Solana and start trading, visit Binance’s Solana page.