$SOL is the native token of Solana, created by a team from Qualcomm, a high-performance blockchain designed to support decentralized applications (dApps) and DeFi. Solana stands out for its ability to process thousands of transactions per second with low fees thanks to a consensus mechanism that combines Proof of Stake (PoS) and Proof of History (PoH). $SOL is used to pay transaction fees, stake to secure the network, and participate in the governance of the ecosystem.