$SOL

**$SOL Coin (Solana) on Binance**

**$SOL** is the native cryptocurrency of the **Solana** blockchain, a high-performance, open-source blockchain supporting smart contracts and decentralized applications (dApps). Solana is known for its **high throughput**, **low transaction fees**, and **scalability**, making it a strong competitor to Ethereum.

### Key Features:

- **Ticker Symbol:** SOL

- **Blockchain:** Solana

- **Listed On:** Binance and other major exchanges

- **Purpose:** Used for paying transaction fees, staking, and powering smart contracts on the Solana network

- **Consensus Mechanism:** Proof of History (PoH) + Proof of Stake (PoS)

- **Speed:** Can handle up to 65,000 transactions per second (TPS)

### Why It's Popular:

- **Fast and cheap transactions**

- **Support for NFTs and DeFi**

- **Growing ecosystem of dApps**

- **Backed by strong developer and investor community**

### Use Cases:

- Payments and microtransactions

- DeFi protocols and staking

- NFTs and gaming

- Governance (future potential)