$SOL Solana is a high-performance blockchain designed to handle a large number of transactions per second with low fees, making it suitable for decentralized applications (dApps), DeFi, and NFTs. It uses a unique hybrid consensus mechanism called Proof of History (PoH) and Proof of Stake (PoS) to achieve speed, security, and low transaction costs. The native cryptocurrency of the Solana network is SOL.