$SOL Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrency transactions. It is known for its lightning-fast transaction speeds and low fees. Solana uses a unique Proof-of-History (PoH) mechanism, solving scalability issues and supporting up to 65,000 transactions per second. The SOL token is used within the network for transaction fees, staking, and powering smart contracts. During the 2021 bull run, Solana gained significant popularity, becoming a preferred choice for developers building Web3 projects due to its efficiency, speed, and robust ecosystem.