SOL is the native cryptocurrency of Solana. It can be used to pay transaction fees and interact with smart contracts. The Solana network burns tokens as a deflationary policy. By holding SOL tokens, a user can join the network as a validator.
At present, SOL is one of the top cryptocurrencies with respect to market capitalization and return on investment (ROI). As of this writing (June 13, 2022), SOL ranks 9th on CoinMarketCap’s top market capitalization cryptocurrency list. As of this writing, SOL has a market cap of around $10 million, and 1 SOL is priced at $ 80. 89.
