$SOL Solana ($SOL) is a high-performance blockchain known for its speed and low transaction costs. It uses a unique consensus mechanism called Proof of History (PoH), combined with Proof of Stake (PoS), to process thousands of transactions per second. Launched in 2020, Solana supports decentralized applications (dApps) and smart contracts, making it a popular choice for DeFi, NFTs, and gaming platforms. Its scalability and efficiency have positioned it as a strong competitor to Ethereum. Despite facing occasional network outages, Solana continues to attract developers and users, contributing to the growth and resilience of its ecosystem and long-term value proposition.