The price of SOL is $125.79, with a 24-hour trading volume of up to $3.645 billion. Despite a 6.68% decrease in the price of SOL over the past 24 hours, its market capitalization still ranks 15th, reaching $55.796 billion. The total circulation is 443.579 million tokens, accounting for 77.55% of the total issuance. The historical highest price of SOL reached $260.65, while the lowest price was as low as $0.51, indicating significant volatility.

As the core token of the Solana protocol, SOL is not only used to pay transaction fees but also to incentivize token holders to participate in network validation work. Solana uses a Delegated Proof of Stake (dPoS) consensus algorithm, which means that those holding SOL can earn rewards by staking their tokens.