$SOL $SOL is the native cryptocurrency of the Solana blockchain, a high-performance platform designed for fast, low-cost decentralized applications (dApps) and smart contracts. Solana uses a unique Proof of History (PoH) combined with Proof of Stake (PoS) consensus to achieve high throughput and scalability, processing thousands of transactions per second. SOL is used for transaction fees, staking, and governance within the network. Its ecosystem hosts DeFi platforms, NFT marketplaces, and Web3 projects. Known for its speed and developer-friendly architecture, Solana has gained significant traction as an Ethereum alternative, though it has faced occasional network outages. SOL remains a key altcoin in crypto.