Solana SOL
Rank #7 by market cap
Last 7 days
▲10.00%What Solana is
Solana is a high-throughput blockchain launched in 2020 by Anatoly Yakovenko, built around a straightforward bet: instead of moving activity to secondary layers, make the base chain fast enough to handle it directly.
It combines proof of stake with a mechanism called proof of history, which timestamps transactions before consensus so validators spend less time agreeing on ordering. In practice this delivers very low fees and near-instant confirmation, which is why Solana became the home of high-frequency trading, NFT activity and memecoin speculation.
The cost of that design is concentration and fragility. Validators need powerful, expensive hardware, so there are fewer of them than on more modest chains. The network suffered repeated outages through 2021 and 2022, halting entirely for hours at a time — an unthinkable failure for Bitcoin or Ethereum. Stability has improved substantially since, but Solana's history is a genuine trade-off of decentralisation and resilience for speed, not a free win.
About the asset
Solana has no token contract — it is the native asset of its own chain, not a token issued on someone else's.
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Solana data synced 41s ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell SOL.