$SOL $SOL Solana's native cryptocurrency, SOL, was officially launched in March 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018 ¹. Initially, the Solana blockchain was designed to support smart contracts and facilitate the creation of decentralized applications. The SOL token can be used to pay for transaction fees and secure the network through staking. At its launch, the SOL token's price was around $0.50 ². Today, SOL is one of the top cryptocurrencies by market capitalization, with a current price of $127.73 ².