$SOL

Solana (SOL) is a high-performance blockchain platform known for its speed and low transaction costs. Launched in 2020 by Anatoly Yakovenko, it uses a unique Proof of History (PoH) combined with Proof of Stake (PoS) consensus, enabling it to process over 65,000 transactions per second (TPS) with minimal fees. Solana supports decentralized applications (dApps), DeFi, NFTs, and Web3 projects, making it a popular choice among developers and users.

One key advantage of Solana is its scalability without sacrificing decentralization, unlike Ethereum’s current limitations. It has a growing ecosystem including platforms like Serum (DEX), Magic Eden (NFT marketplace), and Solend (DeFi lending).

SOL is the native token used for transaction fees, staking, and governance within the network. Despite some past network outages and centralization concerns, Solana remains one of the top blockchains due to constant upgrades and community growth.

In 2024–2025, Solana gained renewed attention thanks to memecoins, increased NFT activity, and integrations with major platforms. Its low fees make it ideal for microtransactions and retail-friendly use cases. SOL’s price is also influenced by broader market trends, ecosystem growth, and new innovations like Firedancer validator client aiming to improve network reliability.