$SOL Solana (SOL) is a high-performance blockchain platform designed to support decentralized applications (dApps) and smart contracts. Launched in 2020 by Solana Labs, it employs a unique combination of Proof of Stake (PoS) and Proof of History (PoH) consensus mechanisms, enabling rapid transaction processing and scalability . Solana can process thousands of transactions per second with minimal fees, making it attractive for DeFi, NFTs, and Web3 projects . Despite experiencing network outages and regulatory scrutiny, Solana has maintained a strong developer community and user base. As of May 2025, SOL trades at approximately $143.94, reflecting its resilience and growing adoption .