Solana Price

USD $ --
‎$ 20.05+3.06%
‎$ 20.04+3%

Solana (SOL) Price Movements ($)

PeriodChangeChange (%)
Today$ 0.6063.12%
7 Days$ -0.213-1.05%
30 Days$ -2.2-9.92%
3 Months$ -0.759-3.64%

Solana(SOL) Info

Audited By
Code & Community
a16z Polychain Capital Multicoin Capital Jump Trading Alameda Research ParaFi Capital CoinShares Ventures CMS Holdings Blockchange Ventures and others
‎$ 19.33
‎$ 20.1
‎$ 260.06
$ 7.83B 
$ 3.47M 

About SOL

What is Solana (SOL)?

Solana is a high-speed, decentralized, open-source, public blockchain built with support for smart contracts to host dApps with high scalability, throughput, efficiency, and low transaction costs. It is one of the fastest blockchain networks in the crypto market as of 2022 and supports several leading decentralized apps (dApps) across decentralized finance (DeFi), gaming, NFTs, and Web3.

SOL is the native token of the Solana ecosystem and features among the top cryptocurrencies by market cap. Its value has skyrocketed since 2021 because of the rising adoption of the Solana blockchain by dApps. In addition, some of the dApps running on the Solana network have garnered several users, increasing the on-chain activity of the blockchain and driving the Solana price and market cap higher.

Solana claims a block time of 400 milliseconds which is expected to reduce even further as its infrastructure becomes more potent with time. In addition to the high speed on offer, transactions on the Solana network are incredibly cheap, with low transaction fees under $0.01, making it an attractive alternative to Ethereum, which continues to experience scalability issues because of high gas fees.

These factors have made Solana one of the market's most attractive ‘Ethereum killers’, driving more developers to build dApps on its platform that operate with higher efficiency. In addition, it boasts a network of thousands of nodes spread across the globe, which makes the Solana blockchain censorship-resistant and guarantees high security to data and assets.

You can learn more about Solana (SOL) at our KuCoin Blog.

How Does Solana Work?

The Solana blockchain leverages an innovative hybrid consensus model involving an underlying Proof-of-Stake (PoS) mechanism called Proof-of-History (PoH) to secure its network and promises a throughput as high as 65,000 TPS. The PoH processes work similarly to a PoS network, using validators to verify transactions and add new blocks to the chain. However, it takes the concept further by choosing a leader ahead of each slot to make the transaction validation system even more efficient and make Solana unique.

Nodes vote on blocks and confirm the legitimacy of the transactions being recorded or added to the blockchain. These votes get sent to the leader among the validators, who is responsible for tallying the votes before creating a new block of transactions.

Solana uses the Proof-of-History consensus mechanism to solve the blockchain trilemma, or the three critical challenges of decentralization, security, and scalability, offering all three without compromise. The combination of Proof-of-Stake(POS) and Proof-of-History (PoH) makes Solana unique. It records successful operations, letting the Solana network provide higher throughput and scalability and ensure true decentralization and security throughout its network.

The Solana blockchain aims for high security by using a 256-bit secure hash algorithm (SHA) to record data within its network in an encrypted manner. In addition, it ensures composability thanks to its single global state even as the network expands, ensuring that dApps will never need to depend on Layer 2 scaling solutions, unlike in the case of Ethereum.

History of Solana and SOL

Solana’s founder Anatoly Yakovenko published the blockchain’s whitepaper in late 2017, proposing the new consensus mechanism Proof-of-History, which could offer higher scalability and lower transaction fees than Bitcoin and Ethereum. The development of the network started in February 2018 when Anatoly partnered with his former colleague from Qualcomm, Greg Fitzgerald, to release Solana’s first internal testnet and its official whitepaper.

The founding team of Solana consists not only of these two former Qualcomm employees but also engineers who previously worked at Apple. Solana was originally called Loom but underwent a rebranding to distinguish it from Loom Network, a Layer 2 scaling solution for Ethereum. The Solana Foundation was established as a non-profit organization based in Switzerland to oversee the development of the blockchain ecosystem.

Private token sales helped the Solana team of developers raise more than $20 million for its development between Q2 2018 and Q3 2019. The Series A round of funding in late July 2019 saw the network raise around $20 million from Multicoin Capital, Distributed Global, Blocktower Capital, Foundation Capital, Blockchange VS, Slow Ventures, NEO Global Capital, Passport Capital, and Rockaway Ventures.

The mainnet beta launch of the Solana protocol took place in March 2020, followed by the release of its public incentivized testnet in Q3 2020. A public token auction on CoinList helped the network raise an additional $1.76 million just before its mainnet launch.


How can I buy Solana (SOL)?
Buying SOL on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start using your account. It's that simple! See How to Buy Solana (SOL) - Step By Step for more information.
How much is one Solana (SOL) worth?
Is Solana’s SOL a Good Investment?

The Solana protocol offers a robust ecosystem for developing Web 3.0 and decentralized finance applications. As a result, increasing the adoption of such technologies among users can drive up the demand for the Solana blockchain among developers and make it a worthwhile investment to include in your crypto portfolio.

The SOL price can increase as more dApps launch on the blockchain and gain traction among users. Thanks to its high throughput, scalability, and smart contract capabilities, the Solana network offers a highly attractive alternative to Ethereum for dApp developers, one of the most substantial advantages supporting its value growth.

The Solana price can also enjoy growth amid a bullish sentiment toward the crypto market. Whenever the price of leading cryptos like Bitcoin and Ethereum rise, investor confidence receives a boost which drives up interest in leading altcoins, SOL included.

How much is 1 Solana (SOL)?

Solana is among the top 10 cryptocurrencies by market cap and has enjoyed quite the wild price action through the second half of 2021. It shot to fame, powered by the bull run in the crypto market and the rising adoption of its smart contract capable ecosystem by dApp developers looking to escape the high transaction costs and network congestion issues on Ethereum.

The Solana price hit an all-time high (ATH) of above $260 in November 2021, although the bearish mood towards digital assets brought down the SOL price into early 2022. Since its launch, Solana (SOL) has enjoyed an ROI of over 18,000%, making it one of the strongest performing altcoins in the crypto market lately.

There is also rising interest in Solana crypto among institutional investors, which could help the SOL price reclaim its ATH and rise even higher. As more mainstream investors buy Solana, the asset's value could increase well beyond its current highest price.

However, remember that there is no surefire way to make an accurate Solana price prediction over any period. You can, however, increase your chances of profit while trading Solana by doing your own research(DYOR) before entering a new trade.

What is Solana (SOL) Used For?

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

Pay Transaction Costs

SOL is the cryptocurrency in which users and developers pay transaction costs for using the Solana network. As of June 2022, the transaction costs on the network are around $0.00025 per transaction.


You can stake your SOL crypto to increase the security and resilience of the Solana blockchain. In addition to staking to become a validator who verifies transactions and adds new blocks, you can also delegate your SOL stake to existing network validators. In return, you can earn rewards and grow your Solana investment.

Cryptocurrency to Trade and HODL

Solana is one of the top cryptocurrencies in market cap, liquidity, and trading volume. As a popular digital asset among investors, you can trade SOL against other cryptocurrencies or hold it over the long term to increase the value of your trading portfolio. Always check Solana price live, SOL market cap, circulating supply, trading volume, and fundamentals before placing a new trade in SOL.

Earn Passive Income on KuCoin

You can earn attractive returns on your Solana holdings by lending liquidity in SOL to the KuCoin Exchange. Head to the KuCoin Crypto Lending section and select the SOL token from our list of offerings. Enter the number of SOLs you wish to lend and select the duration (choose from 7 days, 14 days, or 28 days). You can then see the daily interest rates we offer and get an estimate of the profits you could make.

KuCoin also lets you stake SOL crypto to generate a stream of passive revenue. Head to the KuCoin Earn section to learn about the latest APRs on offer and start staking Solana on our platform.

Can I Mine Solana Crypto?

Solana (SOL) cannot be mined as the blockchain does not use proof of work consensus mechanisms like Bitcoin and Ethereum. Since Solana leverages a combination of proof of stake and proof of history mechanisms for consensus, you can contribute to validating transactions via staking SOL tokens on the network.

You can stake SOL to function as a validator node responsible for verifying transactions taking place on Solana and creating new blocks. In exchange for your efforts, you can earn rewards in SOL crypto.

There is no minimum number of SOL you have to stake to become a validator, but you need a vote account with a rent-exempt reserve of 0.02685864 SOL and a commitment to spend up to 1.1 SOL each day to send a vote transaction. You also need to invest in a higher-powered CPU with 12 cores or 24 threads, a processing speed of at least 2.8 GHz, at least 128 GB RAM, and high disk space of more than 500 GB.

How to Stake Solana

Keep in mind that Solana does not yet have its official wallet as of June 2022. You can, however, stake Solana through other supported wallets.

Here’s how to stake SOL and generate a stream of passive income from holding this cryptocurrency:

  1. Buy Solana via a crypto exchange like KuCoin.
  2. Transfer your SOL tokens from your KuCoin trading account into an external wallet supporting Solana staking.
  3. Create a staking account on the wallet of your choice that allows you to stake Solana.
  4. Select the validator you wish to delegate your staked tokens to.
  5. Sit back, claim your staking rewards regularly, and grow your SOL holdings.

Solana (SOL) Price and Information

$ 0.505
$ 260.06
The current price of Solana is 20.05 $. Its 24-hour trading volume is 3.47M $. The price of Solana increased by +3.06% over the past 24 hours, dropped by -0.87% over the past week. We will continue to update the price of SOL-USDT in real time. This coin ranks #9 in market capitalization, with a current market cap of 7.83B $.
  • The circulating supply of SOL is 325,111,921.
  • The maximum supply of SOL is 488,630,611.
  • The all-time high of SOL was 260.06 $ on 11-06, 2021, from which the coin is now down -92.29%.
  • The all-time low of SOL was 0.505 $, from which the coin is now up 97.48%.