SOL Specifications

Type

COIN

Algorithm

Protocol

POH

Start Date

11/01/2017

Max Supply

Circ. Supply

486,561,641

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Info

Solana (SOL) is a high-performance blockchain designed to support decentralized applications and crypto transactions at unmatched speeds. Solana is known for its scalability and low transaction costs, making it an ideal platform for token swaps, NFT marketplaces and other blockchain-based projects. SOL, the network's native token, is used for staking, governance and as a medium of exchange across its ecosystem.

Market Impact

Solana has reshaped the blockchain landscape by offering a scalable and efficient alternative for DeFi and Web3 projects. Its ability to handle thousands of transactions per second has attracted developers and users alike, particularly in token swaps and decentralized exchanges. The growing use of SOL in NFT trading, staking, and cross-border payments has made it a cornerstone of the evolving blockchain ecosystem, driving innovation and adoption worldwide.

History

Solana was founded in 2017 by Anatoly Yakovenko and officially launched its mainnet in 2020. Built to solve scalability challenges, the network introduced a unique consensus mechanism called Proof of History (PoH), which enhances transaction throughput and efficiency. Over time, Solana has become a popular choice for developers building decentralized exchanges and applications due to its fast transaction speeds and low fees. The adoption of SOL for swaps and payments has further solidified its role in the cryptocurrency market.

Features

High-Speed Transactions
Solana's Proof of History technology enables lightning-fast transaction speeds, supporting real-time swaps and seamless blockchain interactions.
Low-Cost Network
The Solana network offers minimal transaction fees, making it an attractive option for decentralized exchanges and financial applications.
Scalable Ecosystem
Solana supports a vast array of dApps, NFT projects and DeFi platforms, enabling users to exchange assets efficiently within a robust ecosystem.

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.