$SOL Solana (SOL) is the native cryptocurrency of the Solana blockchain, a high-performance, decentralized platform designed for scalable and fast transactions. Solana is known for its unique Proof-of-History (PoH) and Proof-of-Stake (PoS) hybrid consensus, allowing it to process thousands of transactions per second with low fees. It supports decentralized applications (dApps), smart contracts, and NFT marketplaces, making it a strong competitor to Ethereum. Due to its speed, efficiency, and growing ecosystem, Solana has gained significant adoption among developers and investors. SOL is used for transaction fees, staking, and governance, making it an essential part of the Solana network’s functionality.