$SOL
🔹 What is Solana ($SOL)?
A high-performance blockchain that supports smart contracts and decentralized applications (dApps).
$SOL is the token used to pay transaction fees and staking operations.
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🔹 Key Features of Solana
High speed: It can process over 65,000 transactions per second (TPS).
Very low fees compared to Ethereum.
It uses a unique mechanism known as Proof of History (PoH) along with Proof of Stake (PoS).
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🔹 Uses of $SOL
Paying transaction fees.
Staking to earn rewards.
Buying and selling NFTs.
Running decentralized applications (DeFi, games, wallets...).
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🔹 Future of $SOL (not investment advice)
If Solana projects (like NFTs and DeFi) continue to expand, demand for $SOL may increase.
It is viewed as a strong competitor to Ethereum, especially after the improvements made to the network following the FTX crisis in 2022.