$SOL is a high-performance blockchain platform designed for decentralized applications and crypto projects. It aims to provide fast transaction speeds and low fees, making it an attractive option for developers and users. Solana utilizes a unique consensus mechanism called Proof of History (PoH), which allows for greater scalability and efficiency. This enables the network to process thousands of transactions per second, significantly reducing latency. Solana has gained popularity for hosting various decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and other innovative applications, positioning itself as a major player in the blockchain ecosystem. Its native cryptocurrency is SOL.