$SOL

SOL is the native cryptocurrency of the Solana blockchain, a high-performance decentralized platform designed for building scalable applications and decentralized finance (DeFi) solutions. Launched in 2020, Solana aims to provide faster transaction speeds and lower costs compared to other blockchain platforms like Ethereum. It achieves this through a unique consensus mechanism called Proof of History (PoH), which allows for high throughput and minimal delays. SOL is used for various purposes within the Solana network, including paying for transaction fees, staking to secure the network, and participating in governance decisions. Its growing ecosystem and speed have made it a popular alternative to Ethereum.