📊 Market Data (as of today, July 4, 2025)
Price: ~ $146.5 USD $SOL
Circulating Supply: ≈ 534.7 million SOL $SOL
Total Supply: ≈ 604.45 million SOL (no fixed cap; inflationary emission) $SOL
Fully Diluted Valuation (FDV): ~ $88–$89 billion
Market Cap: ~ $78 billion
🏛️ Tokenomics & Emission Schedule
Emission Model: Begins with an 8% annual inflation rate, decreases by 15% each year, targeting a long‑term floor of ~1.5% . Current inflation rate is about 4.4% annually .
Burn Mechanism: 50% of transaction fees are burned, reducing supply over time .
Staking: Around 66% of SOL is currently staked (~400 million SOL), providing network security and earning yields—typically ~7% APY .
🎯 Network Overview
Consensus: Hybrid Proof-of-Stake + Proof-of-History, enabling high throughput (block times ~400 ms, thousands TPS) with low fees (< $0.0025) .
Developed by: Solana Labs (co‑founded by Anatoly Yakovenko & Raj Gokal) with operations overseen by the Solana Foundation .
🛠️ History & Ecosystem Notes
Launch: Mainnet beta in March 2020 .
Major Investors: Initial funding included a 2020 ICO (~$1.76M at $0.22), followed by a $314M private sale supported by a16z, Polychain, Alameda, etc. .
Challenges: The network has faced several outages (most notably in 2021–2022) and legal scrutiny, including a U.S. class-action lawsuit and an SEC suit alleging SOL may qualify as a security .
Adoption & Integration:
Visa added support for USDC on Solana in late 2023 .
PayPal launched PYUSD stablecoin on Solana in May 2024 .
ETFs: The REX‑Osprey Solana + Staking ETF (SSK) launched recently, offering ~7.3% staking yield but with higher fees (1.4%) .
✅ TL;DR Summary
Solana has become a major Layer-1 blockchain focused on speed, low fees, and scalability. Its tokenomics combine inflationary and deflationary dynamics, with staking and fee-burning mechanisms. While widely used and increasingly institutionalized (e.g., v
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#NFPWatch ia ETFs), it has faced operational and regulatory challenges.