Solana (SOL) Overview

Solana (SOL) is a high-performance blockchain-based cryptocurrency that aims to provide fast and low-cost solutions for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and digital gaming.

⚙️ Technical Features

- It relies on a Proof of History (PoH) mechanism alongside Proof of Stake (PoS), enabling processing speeds that outperform most other networks.

- It is capable of executing thousands of transactions per second at virtually zero cost.

- It is considered a strong competitor to Ethereum in the field of smart contracts.

📈 Market Data (as of July 28, 2025)

| Index | Value |

|--------|--------|

| Current Price | $202.93 |

| 24-hour High | $204.99 |

| 24-hour Low | $193.01 |

| Daily Trading Volume | Over $1.7 Billion |

| Market Cap | Around $102 Billion |

| Circulating Supply | 538 Million SOL |

🔍 Technical Analysis

- The overall medium-term trend is bullish, with positive signs of continued growth.

- The price is trading above strong support levels, boosting investor confidence.

🧠 Uses of SOL

- Solana Network Transaction Fees.

- Participate in Proof-of-Stake and earn rewards.

- Buy and sell NFTs and DeFi applications.

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