$SOL

Solana ($SOL) is a high-performance blockchain known for its fast transaction speeds and low fees. It supports decentralized applications (dApps) and smart contracts, making it popular for DeFi, NFTs, and Web3 projects. Solana uses a unique Proof of History (PoH) combined with Proof of Stake (PoS) to achieve scalability without sacrificing decentralization. Its ecosystem has grown rapidly with platforms like Phantom Wallet, Serum, and Magic Eden. Despite facing some network outages in the past, Solana continues to evolve with upgrades aimed at stability. As a native token, $SOL is used for transactions, staking, and governance within the Solana network.