$SOL Solana is a high-performance blockchain platform designed for decentralized applications and crypto projects. Launched in 2020, it stands out for its speed and low transaction costs, capable of processing over 65,000 transactions per second using its unique Proof of History (PoH) and Proof of Stake (PoS) hybrid consensus. Solana’s fast-growing ecosystem includes DeFi platforms, NFTs, and Web3 applications. Its native token, SOL, is used for transactions, staking, and governance. Despite past network outages, Solana continues to attract developers and investors due to its scalability and efficiency. It is considered one of the leading alternatives to Ethereum in the crypto space.