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Glossary
Solana (SOL)

Solana (SOL)

Beginner

    Solana is a high-speed blockchain network that supports decentralized applications (dApps). SOL is the native cryptocurrency of Solana and is one of the largest digital assets by market capitalization.

     

    Solana offers a decentralized, public blockchain with high throughput and low transaction fees for developers to deploy dApps. The Solana ecosystem is home to several leading dApps across decentralized finance (DeFi), NFTs, gaming, and Web3.

     

    The Solana network utilizes a Proof of History consensus mechanism for securing its network. The PoH consensus allows Solana to use low energy and computing resources, making it a highly efficient blockchain network.


    The SOL crypto is one of the most actively traded cryptocurrencies in the market, enjoying high liquidity and trading volume across top crypto exchanges. As of September 2023, Solana (SOL) is the ninth-largest cryptocurrency by market cap.

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