$SOL
What is Solana (SOL)?
• Solana is a high-performance, open-source blockchain supporting smart contracts and decentralized applications (dApps). It was launched in March 2020 by Solana Labs, founded by Anatoly Yakovenko and Raj Gokal, among others .
• Uniquely designed, it combines Proof of Stake (PoS) with Proof of History (PoH) to achieve ultra-fast speeds—block times around 400 ms—and extremely low fees (often <$0.0025 per transaction) .
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📊 Key Metrics (June 6, 2025)
• Price: ~$144.8 USD (today’s range: $142.2 – $154.6)
• 24h Change: Slight downtrend (~–5–6%) across platforms
• Market Cap: Between $66B–$76B (circulating ~524 million SOL)
• Rank: Typically holds within top 6–8 in the crypto market
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🚀 Strengths of Solana
• Ultra-fast & scalable: Able to process thousands of transactions per second with sub-second confirmation .
• Very low fees: Frequently less than $0.01, ideal for DeFi, NFTs, and microtransactions .
• Rich ecosystem: Hosts major DeFi platforms (Raydium, Jupiter), NFT marketplaces (Magic Eden, Tensor), gaming (Star Atlas), and even mobile device integrations like Solana Saga .
• Developer adoption: In 2024, it led all blockchains in first-time developers joining the network .
