$SOL Solana (SOL) is a high-performance blockchain platform designed to support decentralized applications (dApps) and decentralized finance (DeFi) solutions. Launched in March 2020 by Solana Labs, it aims to offer scalability and speed without compromising decentralization.

Key Features

High Throughput: Solana can process thousands of transactions per second, thanks to its unique combination of Proof of Stake (PoS) and Proof of History (PoH) consensus mechanisms.

Low Fees: Transaction costs on Solana are minimal, often less than $0.0025, making it cost-effective for users and developers.

Energy Efficiency: The network's design ensures that each transaction consumes about the same energy as a few Google searches, highlighting its commitment to sustainability.