SOL is the native cryptocurrency of the Solana blockchain. It is primarily used to pay for transaction fees and participate in staking. By staking SOL tokens, users help secure the network and, in return, earn rewards.
**Why is Solana Gaining Popularity?**
Solana stands out for its high-speed transactions and low fees, making it a preferred choice for developers and users alike. It supports a growing ecosystem of decentralized finance (DeFi) applications and NFT marketplaces. Due to its scalability and efficiency, Solana is often considered a strong alternative to Ethereum.