Solana (SOL) is currently trading around $140, showing resilience amid market volatility. Known for its high-speed and low-cost transactions, Solana supports thousands of decentralized apps (dApps), NFTs, and DeFi platforms. It uses a unique Proof of History (PoH) combined with Proof of Stake (PoS), enabling fast processing speeds and scalability. Solana has seen strong developer growth and increased institutional interest, especially in areas like tokenized assets and real-world applications. Despite past network outages, recent upgrades have improved stability, positioning Solana as a leading competitor to Ethereum in the smart contract space.
