$SOL Solana (SOL) is a high-performance blockchain platform designed for fast, secure, and scalable decentralized applications (dApps) and cryptocurrency transactions. Launched in 2020, it utilizes a unique Proof-of-History (PoH) mechanism combined with Proof-of-Stake (PoS) for efficient consensus, allowing it to process thousands of transactions per second at low costs. Solana supports smart contracts and a wide range of dApps, making it a popular choice for developers and projects in DeFi, NFTs, and Web3. Its native token, SOL, is used for transaction fees, staking, and governance within the network. Solana's speed and efficiency make it a competitor to Ethereum and other blockchains.
