🚨🔔Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and crypto projects. Here’s a concise history of Solana and a timeline of its price:

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History of Solana

• Founded: 2017

• Founder: Anatoly Yakovenko (former Qualcomm engineer)

• Mainnet Launch: March 2020

• Purpose: To create a scalable, fast, and low-cost blockchain using a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS).

Solana became known for its fast transaction speeds (65,000+ TPS) and low fees, making it popular for DeFi, NFTs, and Web3 apps. It gained massive attention in 2021 during the NFT boom.

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Price History of SOL (Solana’s Token)

Here’s a general timeline of Solana’s price:

• April 2020: Launched at around $0.22

• End of 2020: Around $1.50

• Mid-2021: Jumped to $40–50 due to DeFi and NFT popularity

• November 2021: Hit all-time high (ATH) around $260

• 2022 Bear Market: Dropped below $10 after FTX collapse (FTX was a major backer)

• 2023 Recovery: Rallied back to $20–$30, later reaching $100+

• 2024: Continued growth, fluctuating between $100–$180, depending on market trends.

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Notable Features of Solana

• Fast & cheap: Extremely low transaction costs (often less than $0.01)

• NFT-friendly: Big NFT projects launched on Solana (e.g., Degenerate Apes, Solana Monkey Business)

• DeFi Ecosystem: Projects like Serum, Raydium, and Orca

• Challenges: Faced network outages and criticism for centralization in the past.