$SOL Solana (SOL) is one of the prominent cryptocurrencies in the crypto market, ranking seventh in terms of market capitalization. As of March 22, 2025, SOL is trading at $128.82, with an increase of $2.14 (0.01689%) from the previous close. The coin recorded a low of $124.91 today and a high of $131.67.
The Solana network was launched in 2020 as a high-performance blockchain platform aimed at providing fast and low-cost transactions, making it a strong competitor to other networks such as Ethereum. Solana employs an innovative consensus mechanism known as "Proof-of-History," which contributes to achieving high processing speeds of up to 65,000 transactions per second.
Recently, Solana has faced some technical challenges, including a network outage in February 2023, which affected investor confidence and led to price volatility. However, Solana continues to attract developers and new projects thanks to its strong infrastructure and low transaction fees.