$SOL The Solana token, often referred to as $SOL, is the native cryptocurrency of the Solana blockchain platform. Solana is known for its high throughput and fast transaction speeds, which are achieved through an innovative consensus mechanism called Proof of History (PoH) combined with the Proof of Stake (PoS) model. $SOL is primarily used for transaction fees and staking on the network, incentivizing validators and contributing to the ecosystem's security and functionality. As a digital asset, $SOL has garnered attention for its scalability, making it an appealing choice for developers and users interested in decentralized finance (DeFi) and other blockchain applications.