Solana (SOL) is a blockchain platform that enables fast and scalable transactions. Its native cryptocurrency, SOL, is used to pay fees, execute smart contracts and interact with decentralized applications. Here are some key details about SOL:
- *Current Price*: SOL's price varies slightly across sources, but it's around $127.44 to $134.59 USD, with some sources reporting a 24-hour change of +0.69% to +7.60%.
- *Market Cap*: The market capitalization of Solana is approximately $66.36 billion to $69.46 billion USD.
- *Circulating Supply*: There are about 516 million SOL in circulation.
- *Ranking*: Solana is currently ranked #6 by market capitalization.
Some analysts predict Solana's price could rise due to ¹:
- *Potential ETF Approval*: Growing institutional demand driven by the maturity of the Solana ecosystem.
- *Firedancer Upgrades*: Expected to boost transaction speed and scalability in 2025.
- *Developer Activity*: Record number of new projects and memecoins launching on the network.
