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Solana SOL |
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$257.57 |
5.89 % (24h) |
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Marketcap |
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$125,334,505,890 |
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Volume 24h |
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$8,353,395,350 |
Description
Solana (SOL) is a high-performance blockchain platform designed to support decentralized applications (dApps) and crypto assets at large scale. Launched in 2020, Solana aims to provide a solution to the scalability issues faced by other blockchains by using a unique consensus mechanism called Proof of History (PoH), combined with Proof of Stake (PoS). SOL, the platform's native token, is used for transaction fees, staking, and governance. Solana's fast, secure, and scalable network has made it a popular choice for developers and users seeking to build and interact with decentralized applications.