$SOL Solana (SOL) is a high-throughput blockchain. The project team is developing a special protocol for creating smart contracts and decentralized applications. 14

One of the main features of Solana is scalability, thanks to which it is able to process more than 700,000 transactions per second. 4

The SOL token is the native utility token of the Solana network, which is burned when fees are paid. SOL token holders can become network validators. The coin operates on the SPL protocol, a standard similar to ERC-20 in the Ethereum blockchain. 2

The main uses of the SOL token are: paying transaction fees, using the network or smart contracts, and staking