Price: $187.07 (11-1-2025)

Market Cap: $104.59 billion

Solana is a high-speed blockchain network that uses a proof-of-history mechanism to achieve high transaction processing speeds (10,000x faster than Bitcoin/Ethereum).

Its applications cover non-fungible tokens (NFTs), payments, gaming, and finance, with notable partnerships with Visa, Meta, Stripe, Shopify, and Google.

However, its vulnerability to network outages, such as the recent one that caused a price drop, poses a significant risk to its long-term growth and the confidence of developers and investors.