$SOL
It is a fast and low-fee blockchain project launched in 2020 aimed at solving issues of slow networks like Ethereum.
It uses a unique technology called Proof of History to increase speed and efficiency.
It can process over 65,000 transactions per second with nearly free fees.
Its native currency SOL is used to pay fees, staking, and participate in network governance.
It is utilized in DeFi applications, gaming, NFTs, and decentralized applications.
Strengths: High performance, low fees, active community.
Weaknesses: Previous network outages, controversy over decentralization.
Its future is promising with developments like Fire Dancer to enhance performance and stability.
