Solana (SOL) is a high-performance blockchain platform known for its fast transaction speeds and low fees. Launched in 2020, it uses a unique combination of Proof of History (PoH) and Proof of Stake (PoS) to process thousands of transactions per second. SOL is the native cryptocurrency, used for paying fees, staking, and powering decentralized apps (dApps) and NFTs. As of April 2025, the price of SOL is around $174, with a market cap exceeding $78 billion, ranking it among the top cryptocurrencies. Solana is popular for DeFi, gaming, and Web3 projects due to its scalability and active developer ecosystem.
