$SOL

Solana ($SOL) is a high-performance blockchain designed for fast, low-cost decentralized applications and crypto transactions. It uses a unique Proof of History (PoH) mechanism alongside Proof of Stake (PoS) to achieve high scalability, processing thousands of transactions per second with low fees. Solana supports DeFi, NFTs, and various Web3 projects, attracting developers seeking efficiency and speed. Despite facing network outages and concerns about decentralization, Solana remains popular for its user-friendly ecosystem and rapid growth. $SOL, its native token, is used for transaction fees, staking, and governance within the network, contributing to the broader crypto ecosystem’s expansion.