My crypto learning journey #6 – Solana (SOL)
Solana (SOL) illustrates how speed and scale unlock high-performance blockchain apps.
✅ As of July 2025, circulating supply is around 538 million SOL, with a total supply near 600 million SOL; Solana has no fixed cap and issues new tokens via inflation to reward validators.
✅ SOL is used to pay transaction fees, stake for consensus, and participate in smart contracts and governance throughout the Solana ecosystem.
✅ Real-world use cases: powering DeFi platforms, NFT marketplaces, and Web3 gaming—e.g., Jupiter, Raydium, and Magic Eden.
Analogy: Solana is like a super-fast toll highway where transactions flow through cheaply and efficiently, ideal for dApps where speed matters.
