$SOL (Solana) is the native token of the Solana blockchain, known for its high-speed, low-cost transactions and scalability. Capable of handling thousands of transactions per second, Solana is a top choice for DeFi, NFTs, gaming, and Web3 apps. $SOL is used for transaction fees, staking, and securing the network through its unique Proof of History + Proof of Stake mechanism. With a growing ecosystem of dApps and institutional interest, Solana continues to gain traction as a leading Ethereum alternative. Traders and investors on platforms like Binance closely watch $SOL for its price action, innovation, and expanding use cases in the crypto space.