Solana Price

(SOL)
USD($)
Solana (SOL) Live Price Chart

Solana Live Price Data

The live price of Solana is $197.49, with a total trading volume of $ 196.11M in the last 24 hours. The price of Solana changed by -0.93% in the past day, and its USD value has increased by +34.17% over the last week. With a circulating supply of 443,887,331 SOL, the market cap of Solana is currently 87.95B USD, marking a --% increase today. Solana currently ranks #3 in market cap.
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Note: This data is for reference only.
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Solana(SOL) Profile

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Website
Documentation
Contract
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Audited By
Kudelski
Code & Community
Investors
a16z Polychain Capital Multicoin Capital Jump Trading Alameda Research ParaFi Capital CoinShares Ventures CMS Holdings Blockchange Ventures and others
$194.010
$210.110
$260.060
+0.26%
-0.93%
+34.17%
$87.95B 
$58,429 
443,887,331
488,630,611

About SOL

How can I buy Solana (SOL)?

Buying SOL on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Solana (SOL) for more information.

What Is Solana (SOL) Crypto?

Solana (SOL) is a high-speed, open-source, and public blockchain designed to transform the decentralized applications (dApps) landscape. It offers remarkable scalability, efficiency, and low transaction costs, positioning it as a significant player in the crypto market.

Solana’s High Throughput and Low Transaction Fees

Solana's block time is an impressive 400 milliseconds, enabling swift transaction processing and reducing user wait times. Its low transaction fees, often below $0.01, make it an appealing alternative to Ethereum, which struggles with high gas fees.

The Layer-3 network can handle thousands of transactions per second, demonstrating its exceptional scalability. This capacity caters to the increasing demand for dApps in various sectors, including decentralized finance (DeFi), gaming, NFTs, and Web3. Solana's decentralized nature is bolstered by thousands of independent nodes worldwide, ensuring data security and resistance to censorship.

SOL, Solana’s Native Token

SOL, the native token which powers the Solana ecosystem, has seen a significant increase in value since 2021. This surge is due to the widespread adoption of the Solana blockchain by dApps, leading to increased on-chain activity and directly influencing Solana's price and market cap.

Solana’s Proof-of-History (PoH) Consensus Mechanism

Unlike many other blockchain platforms, Solana uses a unique Proof-of-History (PoH) consensus mechanism and other innovative techniques to minimize its environmental impact. Each Solana transaction consumes energy equivalent to a few Google searches, positioning it as an eco-friendly choice amid growing sustainability concerns.

Solana vs. Ethereum and Other Blockchains

While Ethereum remains a key player in the blockchain space, Solana's hybrid consensus model and exceptional transaction speed give it a competitive edge. Its lower transaction fees make it suitable for high-volume use cases, such as gaming and DeFi applications.

Solana's unique combination of technologies, including the Proof of Stake (PoS) consensus system, PoH, transaction parallelization technology, Sealevel, and 'Gulf Stream' technology, ensures secure, fast transaction verification and unparalleled efficiency and scalability.

How Does Solana Blockchain Work?

Solana's architecture leverages a hybrid consensus model that combines Proof-of-History (PoH) and Proof-of-Stake (PoS). PoH serves as a cryptographic timestamp for events on the blockchain, providing a standardized time source for all network nodes, which is crucial for verifying transaction orders and enhancing blockchain integrity.

PoS uses validators to verify transactions and add new blocks to the chain. Solana optimizes this process by electing a leader ahead of each slot, enhancing efficiency.

The combination of PoH and PoS allows Solana to achieve impressive scalability and throughput, boasting up to 65,000 transactions per second (TPS). This scalability supports various applications, including NFT marketplaces, DeFi platforms, decentralized exchanges (DEXs), stablecoins, and payments.

Security in Solana is anchored in its 256-bit secure hash algorithm (SHA), which encrypts network data, providing robust protection against malicious actors. Combining PoH and PoS ensures true decentralization, as every node in the network can rely on the recorded passage of time without a centralized clock, enhancing security and reliability.

Solana's single global state allows for seamless composability, even as the network expands. Unlike other blockchain platforms, Solana’s architecture eliminates the need for Layer 2 scaling solutions, ensuring dApps can interact directly with the main chain.

History of Solana Network and SOL Token

Solana, a high-speed, decentralized, open-source blockchain, was conceived in late 2017 by Anatoly Yakovenko, a former Qualcomm employee. Yakovenko introduced the novel timekeeping mechanism, Proof-of-History (PoH), to address scalability issues Bitcoin and Ethereum face due to transaction agreement times.

In February 2018, Yakovenko and another former Qualcomm colleague, Greg Fitzgerald, created Solana's first internal Testnet and published its official whitepaper, leading to the establishment of Solana Labs.

To fund Solana's development, the team initiated private token sales in Q2 2018, raising over $20 million. The Series A funding round in July 2019, which included investors like Multicoin Capital, Distributed Global, and Blocktower Capital, raised around $20 million more. As the project evolved, the team rebranded the platform from "Loom" to "Solana" to avoid confusion with the Ethereum scaling solution, Loom Network.

The Solana protocol’s development led to its Mainnet Beta’s launch in March 2020, showcasing innovative contract features and basic transaction capabilities. Before the Mainnet launch, a public token auction on CoinList raised an additional $1.76 million, further supporting the development and expansion of the Solana blockchain.

Solana Labs remains the primary contributor to the Solana network, ensuring its ongoing development and expansion. The Solana Foundation, a non-profit organization based in Zug, Switzerland, was established to support community-building activities.

Solana (SOL) Price Movements ($)
PeriodChangeChange (%)
Today$-1.63-0.82%
7 Days$49.8633.87%
30 Days$87.8480.47%
3 Months$99.35102.32%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Solana Conversion Rate
  • 1 SOL to USD$197.49
  • 1 SOL to EUR€181.64
  • 1 SOL to AUD$301.29
  • 1 SOL to KRW₩264,191.94
  • 1 SOL to JPY¥29,464.9
  • 1 SOL to GBP£155.23
  • 1 SOL to INR₨16,385.86
  • 1 SOL to IDRRp3,107,821.03
  • 1 SOL to CAD$267.37
  • 1 SOL to RUB₽18,009.22

FAQ

How much is 1 Solana (SOL) worth?
KuCoin provides real-time USD price updates for Solana (SOL). Solana price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SOL to USD exchange rates.
Is Solana (SOL) a Good Investment?

The Solana protocol offers a robust ecosystem for developing Web 3.0 and decentralized finance applications. As more users adopt these technologies, the demand for the Solana blockchain among developers is likely to rise. Investing in SOL is a valuable addition to one's crypto portfolio, as it is poised to benefit from the growth of the decentralized ecosystem.

The SOL price is influenced by several factors, one of which is the launch of dApps on the Solana blockchain. With its high throughput, scalability, and smart contract capabilities, Solana provides a compelling alternative to Ethereum for dApp developers. As more dApps gain traction among users, the demand for SOL may increase, leading to potential Solana price appreciation.

Additionally, SOL's price growth can be impacted by the overall bullish sentiment in the crypto market. When leading cryptocurrencies like Bitcoin and Ethereum experience price surges, investor confidence rises, driving interest in altcoins like SOL and supporting the Solana value.

What Is Solana Price Prediction?

While we cannot offer an accurate SOL price prediction over any timeframe, you could keep an eye on the following factors to better understand the volatility in the Solana cryptocurrency:

Investor Confidence in SOL

Positive news about the blockchain industry, dApps built on Solana, or adoption by major institutions can drive investor confidence and lead to SOL price increases. Conversely, negative news or market trends can have the opposite effect, weakening the price of Solana.

Future Developments in Solana Blockchain

Solana's underlying technology and development progress can significantly impact the SOL price. Technological advancements, improvements in scalability, security, and the adoption of new features can attract investors and positively affect Solana’s value.

Competitive Landscape - Ethereum Killers

Solana competes with other blockchain platforms and cryptocurrencies, especially those with similar functionalities. Developments in competing platforms and projects can influence investor preferences and shift capital flows, impacting the SOL to USD price.

Level of Community Engagement in the Solana Ecosystem

The level of community engagement, developer activity, and support for Solana can influence its price. Active participation, contributions, and governance decisions by the community can create a positive perception of the project.

Solana’s Partnerships and Integrations

Collaborations with established companies, institutions, or other blockchain projects can boost Solana's reputation and increase adoption, potentially positively impacting the price of Solana.

What Is SOL Token Used For?

The SOL token is the native digital asset of the Solana blockchain and serves many purposes, including:

Pay Transaction Fees on Solana Network

One of the primary uses of the SOL token is to pay transaction costs on the Solana network. As of June 2022, the transaction costs on the network were approximately $0.00025 per transaction. Users and developers can use SOL as a payment method for using the platform's dApps and other features.

Stake SOL on Solana

Another key use of the SOL token is staking. Users can stake their SOL cryptocurrency to increase the security and resilience of the Solana blockchain. Staking allows users to participate in the network as validators, verifying transactions and adding new blocks. Additionally, users can delegate their SOL stake to existing network validators and earn rewards in return. This process allows them to grow their Solana investment while supporting the network's operations.

Trade or HODL SOL

SOL is a prominent digital asset in market capitalization, liquidity, and trading volume. You can trade Solana crypto against other cryptocurrencies on the KuCoin Spot Market or hold it for long-term investment. As with any investment, you must check the live Solana price, market cap, circulating supply, trading volume, and fundamentals before making trading decisions.

Earn Passive Income on KuCoin with SOL

You can earn passive income by lending liquidity in SOL to the KuCoin Exchange. Through the KuCoin Crypto Lending section, you can lend your SOL tokens for specific durations, such as seven days, 14 days, or 28 days, and earn daily interest rates on your holdings. Additionally, KuCoin offers staking services for SOL via KuCoin Earn, so you can generate passive revenue with Solana.

How to Add Solana to MetaMask

MetaMask does not directly support Solana (SOL) and its SPL tokens due to underlying different blockchain technology. However, you can add Wrapped Solana (wSOL) native to the BNB Chain and use it on MetaMask in the following manner:

1. Visit the CoinMarketCap website and find the page for Wrapped Solana's token on the Binance Smart Chain (BEP20).

2. Copy the contract address of Wrapped Solana on the Binance Smart Chain.

3. Open your MetaMask extension or app and unlock it with your passcode or biometrics.

4. Set the Binance Smart Chain (BSC) as your default network in MetaMask.

5. Scroll down in MetaMask and click on "Import tokens."

6. Paste the contract address of the Wrapped Solana you copied earlier, and MetaMask will automatically fill in the token details.

7. Click "Add Custom Token" to add Solana to your MetaMask wallet on the Binance Smart Chain.

This method uses a wrapped version of Solana (wSOL) on the Binance Smart Chain and can also be used on the Ethereum blockchain. Sending native SOL tokens to MetaMask can lead to a permanent loss of funds since they are not compatible.

How to Stake SOL on Solana Network

Using the Phantom Wallet - Solana’s official crypto wallet, you can stake SOL tokens on the Solana blockchain. Here’s how:

1. Set up an account on Phantom Wallet and fund it by buying SOL on KuCoin and withdrawing your tokens to the wallet.

2. Once the SOL tokens arrive in your Phantom Wallet, click on your SOL balance and then click on the three dots to reveal the staking menu. From there, click on "Stake SOL."

3. You will see a list of validators. You can search for a specific validator by typing their name in the search panel. Once you find the desired validator, click on its name.

4. Enter the amount of SOL tokens you want to stake and click on "Stake." Ensure that you leave some SOL in your account to cover transaction fees.

5. After clicking "Stake," you will see your wallet staking your SOL tokens to the chosen validator. You can view the status of your transaction in a block explorer by clicking on the "View Transaction" link.

6. It takes one epoch, approximately 2-3 days, for your stake to activate. After this period, your stake will appear active and earn rewards.

Here’s a comprehensive guide on earning passive income by staking Solana.

What is the all-time high price of Solana (SOL)?
The all-time high price of Solana (SOL) is $260.060. The current price of SOL is down 0.24% from its all-time high.
What is the all-time low price of Solana (SOL)?
The all-time low price of Solana (SOL) is $0.505. The current price of SOL is up 389.96% from its all-time low.
How much Solana (SOL) is there in circulation?
As of 3 19, 2024, there is currently 443,887,331 SOL in circulation. SOL has a maximum supply of 488,630,611.
What is the market cap of Solana (SOL)?
The current market cap of SOL is $87.95B. It is calculated by multiplying the current supply of SOL by its real-time market price of $87.95B.
How do I store Solana (SOL)?
You can securely store your Solana in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SOL include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Solana (SOL) to cash?
You can instantly exchange your Solana (SOL) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SOL to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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