$SOL Solana (SOL) is a cryptocurrency with a current price of $144.89, representing a 0.9% increase. Its market capitalization stands at $75.067 billion, with a 24-hour trading volume of $2.51 billion. Solana operates on a proof-of-stake (PoS) consensus mechanism combined with proof-of-history (PoH), enabling fast transaction processing and low fees ¹.

*Key Features:*

- *Fast Transactions*: Solana's hybrid consensus model allows for quick validation and processing.

- *Low Fees*: Solana's transaction fees are relatively low compared to other blockchains.

- *Scalability*: Solana's architecture supports high scalability, making it suitable for decentralized applications (dApps).

*Market Performance:*

- *Current Price*: $144.89

- *Market Capitalization*: $75.067 billion

- *24-hour Trading Volume*: $2.51 billion

- *Circulating Supply*: 518.19 million SOL

*Use Cases:*

- *Decentralized Finance (DeFi)*: Solana supports various DeFi protocols and applications.

- *Non-Fungible Tokens (NFTs)*: Solana's blockchain enables the creation and trading of NFTs.

- *Decentralized Applications (dApps)*: Solana's platform supports the development of dApps ¹.