$SOL , the native token of the Solana blockchain, is known for its high-speed and low-cost transactions. Solana’s unique Proof-of-History (PoH) combined with Proof-of-Stake (PoS) consensus mechanism allows it to process thousands of transactions per second, making it one of the fastest Layer 1 blockchains. $SOL is used for paying transaction fees, staking, and accessing decentralized applications (dApps) within the Solana ecosystem. The network supports a wide range of DeFi, NFT, and Web3 projects, contributing to its growing popularity. As adoption increases and developer activity remains strong, $SOL continues to be a major competitor to Ethereum and other smart contract platforms.