$SOL

Solana, founded in March 2017 by Anatoly Yakovenko, is a high-performance blockchain platform designed to address scalability and speed limitations in decentralized networks. It introduced a unique consensus mechanism called Proof of History (PoH), which, combined with Proof of Stake (PoS), enables rapid transaction processing and supports decentralized applications (dApps) and smart contracts. Solana's mainnet launched in March 2020, and in June 2021, Solana Labs raised $314 million to further its development.

As of February 18, 2025, Solana's native cryptocurrency, SOL, is trading at $168.01 USD, with a market capitalization of approximately $82.29 billion USD. The platform has experienced significant growth, positioning itself as a competitor to Ethereum by offering faster transaction speeds and lower fees. Solana continues to attract developers and users, expanding its ecosystem with various DeFi projects, NFTs, and other decentralized applications.