$SOL Solana (SOL) is a high-performance blockchain known for its speed, low fees, and scalability. Launched in 2020, Solana uses a unique Proof of History (PoH) consensus combined with Proof of Stake (PoS), enabling it to process over 65,000 transactions per second. This makes it ideal for decentralized apps (dApps), NFTs, and DeFi platforms. SOL, its native token, is used for staking, transaction fees, and governance. Solana has attracted major projects and developers due to its robust ecosystem and growing community. Despite past network outages, recent upgrades have improved reliability, making Solana a leading contender in the next wave of Web3 innovation.
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