$SOL

Solana is a fast, low-cost blockchain built for decentralized apps, NFTs, and DeFi. Launched in 2019, it uses innovative tech like Proof of History to handle up to 65,000 transactions per second with fees under $0.01. Known for its speed, scalability, and energy efficiency, Solana powers projects like Serum (DeFi) and Magic Eden (NFTs). While it faces challenges like occasional outages, it’s a strong competitor to Ethereum, attracting developers and investors with its ability to support large-scale blockchain solutions. Its native token, SOL, is used for fees, staking, and governance, driving its growing ecosystem.