$SOL Solana (SOL) is the native cryptocurrency of the Solana blockchain, a high-performance blockchain designed for fast and low-cost transactions. Solana is known for its scalability, low fees, and high throughput, making it popular for DeFi (Decentralized Finance), NFTs, and Web3 applications.

Key Features of SOL:

High Speed: Can process thousands of transactions per second (TPS).

Low Fees: Much cheaper than Ethereum for transactions.

Proof of History (PoH) + Proof of Stake (PoS): A unique hybrid mechanism that improves efficiency.

Used for Staking & Fees: SOL is used for transaction fees, staking, and governance in the Solana networ