Solana is a high-performance Layer 1 blockchain designed for mass adoption by providing a fast, secure, and low-cost environment for decentralized applications. It distinguishes itself by scaling globally without the use of complex sharding or multiple layers, instead maintaining a single, unified ledger to avoid liquidity fragmentation. This architecture allows it to process thousands of transactions per second with sub-second finality, often at a cost of less than a penny per transaction.
The network operates on a unique hybrid model that combines Proof of Stake with an innovation called Proof of History, which functions as a decentralized clock to timestamp transactions. This system reduces the need for constant node communication, allowing the Sealevel engine to run non-conflicting smart contracts in parallel across multiple CPU cores. Further efficiency is gained through the Gulf Stream protocol, which reduces confirmation times by forwarding transactions to validators before the current block is finished.
Founded in 2017 by Anatoly Yakovenko, Solana is now supported by the Switzerland-based Solana Foundation and significant institutional investors like Andreessen Horowitz and Polychain Capital. The platform’s native token, SOL, serves as the primary currency for paying transaction fees, participating in network governance, and securing the system through staking.
Solana has also seen significant institutional adoption ranging from spot Solana ETFs to major partnerships including Visa's 2025 launch of USDC settlement on the network and the tokenization of public equity by firms like Galaxy Digital.
Where is Solana available for purchase?
You can exchange SOL tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Solana is Binance, notably the SOL/USDT pair, which saw a trading volume of $ 327,17 MLN. in the past day. Additionally, GroveX and BitDelta are popular alternatives for trading tokens.
What is the highest value Solana (SOL) has ever reached?
Solana (SOL) reached its peak price at 293.31 $ on 19 January 2025, approximately a year ago ago. Presently, the current price is -70.15% lower than this all-time high.
What is the historical minimum price for Solana (SOL)?
The minimum price reached for Solana (SOL) was 0.5008 $, documented on 11 May 2020, more than 6 years ago. In comparison, the current price is 17,379.99%, it above this historical low.
What is the fully diluted valuation of Solana (SOL)?
The fully diluted valuation (FDV) of Solana (SOL) stands at $ 54,15 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SOL tokens. The realization of this FDV might take several years depending on the emission schedule of SOL tokens.