$SOL

Sol virtual currency generally refers to the native token SOL of the Solana blockchain. Here is an introduction to it:

Basic information

The Chinese name of SOL coin is Solcoin. According to the data from the currency circle, as of 4:56 on January 22, 2025, the price of SOL coin was 1,793.43 yuan, about 244.67 US dollars.

Technical features

- High-speed transactions: Solana blockchain can achieve 65,000 transactions per second (TPS) through the unique Proof of History (PoH) consensus mechanism, far exceeding the approximately 30TPS of the Ethereum network.

- Safe and reliable: The multi-level security mechanism can resist common network attacks such as DDoS attacks, and the decentralized nature avoids single point of failure.

- Strong scalability: Solana blockchain can support more users and applications and can be easily expanded as the business develops.

Application scenarios

- Decentralized Finance (DeFi): used to build decentralized exchanges (DEX), lending platforms, and stablecoins, etc., and is the main currency for staking and trading.

- Non-fungible tokens (NFT): In the NFT market on Solana, users can create, purchase, and trade unique digital assets, which also provides an ideal platform for game NFTs.

- Payment field: can be used between merchants and enterprises