$SOL Solana is an advanced blockchain platform aimed at providing fast and scalable solutions for decentralized finance (DeFi) applications and smart contracts. Launched in 2020 by Anatoly Yakovenko, it is characterized by its high speed and low fees compared to networks like Ethereum.

Solana relies on a proof-of-stake (PoS) consensus mechanism and a proof-of-history (PoH) technology, enabling it to process over 65,000 transactions per second. The SOL token is used as a means of payment within the network and for participating in governance.

Solana has become a popular choice for developers and investors, as it supports NFTs, games, and decentralized applications. Despite experiencing some outages, it continues to evolve rapidly, making it one of the leading blockchain projects in the market.