$SOL is the native cryptocurrency of the Solana blockchain, renowned for its blazing speed and low transaction costs. It fuels everything on the network: paying fees, staking for security, and participating in governance.
Solana's unique Proof-of-History consensus enables high throughput (thousands of transactions per second), making it a top choice for scalable DeFi, NFTs, and Web3 applications. While facing past network challenges, Solana boasts a rapidly expanding ecosystem and developer activity.