$SOL $SOL

Solana, an open-source blockchain platform, was created in 2017 by Anatoly Yakovenko, a former Qualcomm executive. Its native cryptocurrency, SOL, has seen remarkable growth since its launch in March 2020. Itquickly became one of the top 10 most traded cryptocurrencies by market capitalisation as of May 2024.

This may be largely due to the uniqueness of Solana's platform. It was designed to achieve high transaction speeds without compromising on decentralisation. The platform utilises various technologies, including a distinct consensus mechanism known as Proof-of-History (PoH). Furthermore, Solana’s innovations enable it to handle up to 50,000 transactions per second, making it a highly scalable solution for blockchain applications.