$SOL

SOL is the native cryptocurrency of the Solana blockchain, a high-performance platform designed for decentralized applications (dApps) and crypto projects. Launched in 2020, Solana aims to offer fast transaction speeds and low fees, using a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS). SOL is used to pay for transactions, participate in staking, and interact with smart contracts. Solana has gained popularity due to its scalability, attracting developers and users in the decentralized finance (DeFi) and NFT sectors. Despite facing occasional network outages, Solana remains one of the leading Layer 1 blockchain platforms.