$BNB

Solana (SOL) is a digital currency operating on an open-source blockchain network, launched in 2020 with the aim of providing fast and low-cost transactions. It relies on a combination of Proof of Stake (PoS) and Proof of History (PoH) mechanisms, enabling it to process up to 50,000 transactions per second, surpassing many platforms like Ethereum.

Solana has gained fame for its support of decentralized applications (DApps) and non-fungible tokens (NFTs), making it a strong competitor in the cryptocurrency market. Despite experiencing hacks and price volatility, it has maintained its position among the top 10 currencies by market capitalization, with a price of about **$159** in July 2025.

Solana is distinguished by its environmental efficiency compared to Proof of Work (PoW) networks, making it an attractive option for investors and developers.