Solana (SOL) is a high-performance blockchain that uses a delegated Proof-of-Stake (dPoS) consensus algorithm and a unique method of ordering transactions to improve speed and throughput. It can process over 50,000 transactions per second and has 400ms block times, allowing it to scale without relying on Layer-2 systems or sharding. The network has processed over 21 billion transactions and has a native cryptocurrency, the SOL utility token, which is used to pay for transaction fees and interact with smart contracts on the blockchain. It can also be staked to earn staking rewards. Decentralized applications being built on Solana may create additional use cases for the SOL token, such as being used as collateral for loans or earning interest when lent out.

$138.42 $-3.54 (-2.5%) Friday, April 19, 2024 at 12:24:00 a.m. Eastern Daylight Saving Time

Fundamentals Solana

Last updated Apr 19, 2024, 12:24:00am EDT
Current Price $138.42
Change $-3.54 (-2.5%)
Close Price $142.07
Open Price $142.14
Bid $0.00
Ask $0.00
Day Range $128.47 - $142.14
Year Range $13.00 - $210.00
Volume 11,496


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