$SOL Solana is a high-performance blockchain platform that stands out for its speed and low transaction costs, positioning itself as one of the main competitors to Ethereum. Launched in 2020, it uses a hybrid consensus mechanism that combines Proof of Stake (PoS) with its innovative Proof of History (PoH), allowing it to process thousands of transactions per second. This has driven a vibrant ecosystem around decentralized finance (DeFi) and non-fungible tokens (NFTs), attracting developers and users due to its scalability and energy efficiency. Its native cryptocurrency, SOL, is used to pay transaction fees and for staking, contributing to the security and decentralization of the network.