$SOL is a high-performance blockchain designed for decentralized applications and crypto projects. Known for its speed and low transaction costs, Solana can process over 65,000 transactions per second, making it one of the fastest blockchain networks. It uses a unique Proof-of-History (PoH) mechanism combined with Proof-of-Stake (PoS) to enhance efficiency and scalability. Solana has gained popularity for hosting DeFi projects, NFTs, and Web3 applications. Despite facing network outages in the past, it remains a strong competitor to Ethereum, attracting developers and investors. As the crypto space evolves, Solana’s ecosystem continues to expand, solidifying its place as a key player in blockchain innovation.