$SOL 1. $SOL as a Cryptocurrency (Solana)

$SOL is the native cryptocurrency of the Solana blockchain, known for its high throughput and low transaction fees. Here's a quick breakdown:

Blockchain: Solana

Token: $SOL

Purpose: Used to pay for transaction fees, staking, governance, and dApps (decentralized applications) built on Solana.

Key Features:

High-speed transactions (up to 65,000 TPS)

Low costs (fractions of a cent)

Popular for DeFi, NFTs, and gaming projects

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2. SOL as a Concept (Speed of Light or Limitations)

In more technical or scientific contexts:

SOL = Speed of Light: Often used in physics or sci-fi to describe the velocity of light (approx. 299,792,458 m/s).

e.g., "The ship was traveling at 0.5 SOL."

Statute of Limitations (SOL): In legal terms, it refers to the time limit within which legal proceedings must be initiated.