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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