$SOL

What is Solana ($SOL)?

Solana is a high-performance blockchain platform designed for decentralized apps (dApps) and crypto projects.

Known for:

⚡ High speed (up to 65,000 TPS)

💸 Low transaction fees

⛓️ Uses Proof of History (PoH) + Proof of Stake (PoS)

🔹 Why $SOL Is Popular

NFT ecosystem (like Magic Eden)

DeFi protocols (like Jupiter, Orca)

Fast-growing network with active dev community

Often considered an “Ethereum killer” due to scalability

🔹 Recent Trends (as of mid-2025):

Major adoption via Solana Mobile (Saga) and apps like Drip

Used in tokenized assets, AI apps, and real-world assets (RWA)

Listed on all major exchanges: Binance, Coinbase, Kraken, etc.

🔹 Use Cases of $SOL:

1. Paying gas fees on the Solana network

2. Staking for rewards and network security

3. Trading/NFTs on marketplaces

4. Governance (in some protocols)