$SOL is the native cryptocurrency of the Solana blockchain, a high-performance decentralized platform known for its fast transaction speeds and low fees. Solana uses a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS), enabling thousands of transactions per second.

SOL is used to:

Pay transaction fees on the Solana network

Stake in network validation and secure the blockchain

Participate in decentralized applications (dApps) and DeFi projects built on Solana

With its strong focus on scalability, SOL has become popular among developers and investors looking for fast and efficient blockchain solutions.