$SOL [05/05, 7:39 pm] Meta AI: Solana (SOL) is a cryptocurrency that powers the Solana network, a Layer 1 blockchain supporting smart contracts and decentralized applications (dApps). SOL is used for:
- *Transaction Fees*: Paying for network transactions and smart contract executions
- *Staking*: Securing the network through Proof-of-Stake consensus mechanism and earning rewards
- *Governance*: Voting in future network upgrades
The current SOL price is around $142.14, with a market capitalization of approximately $73.39 billion. Solana's blockchain is known for its fast transaction speeds and low fees, making it an attractive platform for DeFi, NFT marketplaces, and other applications ¹.
[05/05, 7:39 pm] Meta AI: Solana (SOL) is a cryptocurrency that powers the Solana network, a Layer 1 blockchain supporting smart contracts and decentralized applications (dApps). SOL is used for:
- *Transaction Fees*: Paying for network transactions and smart contract executions
- *Staking*: Securing the network through Proof-of-Stake consensus mechanism and earning rewards
- *Governance*: Voting in future network upgrades
The current SOL price is around $142.14, with a market capitalization of approximately $73.39 billion. Solana's blockchain is known for its fast transaction speeds and low fees, making it an attractive platform for DeFi, NFT marketplaces, and other applications ¹.
