Solana
Price Chart
About Solana (SOL)
Solana is a high-performance blockchain supporting builders around the world creating crypto apps that scale. Solana is known for its incredibly fast transaction speeds and low costs, making it a popular choice for DeFi, NFTs, and Web3 applications.
The network uses a unique Proof-of-History (PoH) consensus mechanism combined with Proof-of-Stake, enabling it to process thousands of transactions per second. SOL is the native cryptocurrency used for transaction fees, staking, and governance.
Key Features:
- Ultra-fast transactions (sub-second finality)
- Extremely low fees (average $0.00025)
- Scalable (65,000+ TPS capability)
- Growing ecosystem of DeFi and NFT projects
- Energy-efficient Proof-of-Stake consensus
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