$SOL **\$SOL**, the native cryptocurrency of the **Solana** blockchain, powers a high-performance platform designed for decentralized apps and crypto projects. Known for its speed and low fees, Solana uses a unique **Proof of History (PoH)** combined with **Proof of Stake (PoS)** to process thousands of transactions per second. This makes \$SOL a popular choice for DeFi, NFTs, and Web3 developers. Despite past network outages and regulatory scrutiny, Solana has shown strong resilience and growth in user adoption. \$SOL is used for transaction fees, staking, and governance. As of 2025, it remains one of the top altcoins by market capitalization.