$SOL Solana is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. Launched in 2020, it is known for its fast transaction speeds and low fees, achieved through its unique Proof-of-History (PoH) consensus mechanism combined with Proof-of-Stake (PoS). This innovative approach allows Solana to process thousands of transactions per second, making it one of the most scalable blockchain networks. It has gained popularity among developers for hosting DeFi projects, NFT marketplaces, and Web3 applications. Despite facing occasional network congestion and outages, Solana remains a strong competitor to Ethereum and other blockchain platforms, continuously improving its infrastructure.