$SOL #Solana (SOL) is a cryptocurrency that operates on the Solana blockchain platform, which utilizes a proof-of-stake mechanism to provide smart contract functionality.¹ Here are some key details about SOL:

- *Current Price*: SOL is currently trading at $141.99, with a 24-hour high of $178.32 and a 24-hour low of $139.94.²

- *Market Capitalization*: The market capitalization of SOL is approximately $71.9 billion.

- *Circulating Supply*: There are currently 507.7 million SOL tokens in circulation.

- *Total Supply*: The total supply of SOL tokens is 595.3 million.

- *Consensus Mechanism*: Solana uses a delegated proof-of-stake (DPoS) consensus mechanism, which allows users to stake SOL to participate in the network's validation process and earn rewards.³

- *Use Cases*: SOL can be used for various purposes, including as a means of payment for transactions, as "gas" for executing transactions and smart contracts,#OnChainInsigths