$SOL $SOL is the native cryptocurrency of the Solana blockchain, a high-performance platform known for its speed and low transaction costs. Solana uses a unique Proof of History (PoH) combined with Proof of Stake (PoS) to achieve scalability, enabling thousands of transactions per second. $SOL is used for transaction fees, staking, and participating in decentralized applications (dApps) within the Solana ecosystem. Popular for NFTs, DeFi, and Web3 projects, Solana has attracted developers and investors alike. Despite facing network outages and regulatory scrutiny, emains one of the top altcoins by market cap, symbolizing speed, efficiency, and innovation in crypto.