SOL - The leading high-performance blockchain driving the wave of mainstream Web3 applications"

SOL is the native token of Solana, a prominent Layer 1 blockchain platform known for its extremely fast transaction processing speeds and low fees. Thanks to a consensus mechanism that combines Proof of Stake (PoS) and Proof of History (PoH), Solana can process tens of thousands of transactions per second - a significant advancement compared to Ethereum or Bitcoin.

SOL is used to pay fees, stake, and secure the network, while also playing a core role in the Solana ecosystem - a hub for DeFi, NFT, gaming applications, and gasless wallets (such as Phantom, Solflare).

Despite facing challenges with network outages, Solana has significantly improved its infrastructure and attracted many developers back. With support from large funds and strong ecosystem growth, SOL is currently one of the top potential Layer 1 tokens.