$SOL

Solana (SOL) is a decentralized computing platform that uses blockchain technology to provide fast and low-cost transactions. Its current price is $143.37, with a 2.21% increase in the last 24 hours. Solana's market capitalization stands at $74.29 billion, ranking it #6 among cryptocurrencies.

*Key Features:*

- *Consensus Mechanism*: Solana uses a hybrid proof-of-stake (PoS) and proof-of-history (PoH) consensus model, allowing for scalability and decentralization.

- *Transaction Capacity*: Solana claims to support up to 50,000 transactions per second.

- *Decentralized Apps*: Solana facilitates decentralized app (DApp) creation and aims to improve scalability.

*Recent Developments:*

- Solana fixed a critical bug that could have allowed unlimited token minting, but faced backlash over secrecy and decentralization concerns.

- Institutional interest is growing, with potential approval of spot ETFs for SOL expected to drive further adoption ¹ ².