$SOL

SOL is the native token of the Solana blockchain platform and is a crucial component of the Solana ecosystem. SOL is used for various purposes, including as a means of payment for transactions between users and as "gas" (fuel) for executing transactions and smart contracts.

Like Ethereum, Solana is both a cryptocurrency and a flexible platform for running crypto apps — everything from Degenerate Apes to the Serum decentralized exchange (or DEX). Its major innovation is speed, via a bundle of new technologies including a consensus mechanism called proof of history.