Solana (SOL)

Rank #7960
$16.43 0.65%
Market Cap $0.00000000
Trading Volume $2.4180
Volume / Market Cap
Total Supply
Max Supply 118,852 SOL
Submit your SOL price estimate for 2025

Solana is currently trading at $16.43, after a price change of 0.65% in the last 24 hours.

Ranked as cryptocurrency #7960 by capitalization today, SOL market cap is valued at $0.00000000. SOL trading volume reached $2.4180 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on SOL coin price prediction page.

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What is Solana?

Solana is a decentralized, open-source, and public blockchain platform. With the aid of its native cryptocurrency SOL, this blockchain offers a high rate of transaction speed and allows users to create  decentralized apps. This crypto coin was launched in 2020 by Anatoly Yakovenko but its blockchain platform was released one year prior in 2019. The goal was to build a permissionless distributed protocol that would create more room for scalability.

Solana boasts block times of 400 milliseconds. Due to its excellent scalability, it makes sure both users and developers can complete transactions for less than $0.01. This network uses a proof of history validation mechanism where you can add new blocks to the network without any communication between the nodes. This is only possible because there is a clock for each node.

Since consensus is reached without communication between nodes, the transaction speed is enhanced drastically. The transactions are sent to the authenticators even before they are introduced. With Solana, you can execute a large number of smart contracts simultaneously, which saves both time and money. Furthermore, to address bandwidth problems, the network splits up the nodes into smaller blocks.