Solana Price (SOL) Solana Live Price Data The live price of…

Solana Price
(SOL)
Solana Live Price Data
The live price of Solana is $214.28, with a total trading volume of $ 44.02M in the last 24 hours. The price of Solana changed by -2.01% in the past day, and its USD value has increased by +11.26% over the last week. With a circulating supply of 482,908,584 SOL, the market cap of Solana is currently 104.48B USD, marking a --% increase today. Solana currently ranks #4 in market cap.
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Note: This data is for reference only.Solana(SOL) Profile
Website
Documentation
Explorer
Contract
- Solana So111111...111
Audited By
- https://solana.com/solana-security-audit-2019.pdf
Code & Community
Investors
- a16z (Andreessen Horowitz)
- Multicoin Capital
- Delphi Digital
- CMS Holdings
- Three Arrows Capital
- Rockaway Capital
- Defiance Capital
- Sino Global Capital
- Zee Prime Capital
- Coin98 Ventures
- DACM
- M31 Capital
- Genblock Capital
- Lotus Capital
- Blockchange Ventures
- Reciprocal Ventures
- 8 Decimal Capital
- Ribbit Capital
- AGE Crypto
- ATH
- $263.78
- Price Change (1h)
- -0.04%
- Price Change (24h)
- -2.01%
- Price Change (7d)
- +11.26%
- Market Cap
- $104.48B
- 24h Volume
- $44.02M
- Circulating Supply
- 482,908,584
- Max Supply
- --
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-performance Layer-1 blockchain platform designed to support decentralized applications (dApps) and cryptocurrencies. It aims to provide fast, secure, and scalable infrastructure for decentralized applications.
Solana's unique Proof of History (PoH) consensus mechanism timestamps transactions, allowing the network to process thousands of transactions per second. This results in low transaction fees and quick processing times.
The native cryptocurrency of the Solana network is SOL. You can use SOL to pay for transaction fees, stake to support network security, and participate in governance decisions.
Developers choose Solana for its speed and efficiency, making it a popular choice for building dApps, decentralized finance (DeFi) platforms, and non-fungible token (NFT) marketplaces.
Solana vs. Ethereum
Ethereum remains a significant blockchain platform; however, Solana offers differences such as a hybrid consensus model and faster transaction speeds. Its lower transaction fees are suited for applications with high transaction volumes, like gaming and DeFi applications.
Technologies employed by Solana, such as Proof of Stake (PoS), PoH, transaction parallelization technology (Sealevel), and 'Gulf Stream' technology, enable secure and efficient transaction verification. These technologies contribute to Solana's efficiency and scalability in the blockchain industry.
Learn more about the differences between Solana and Ethereum.How Does Solana Blockchain Work?
Solana operates as a high-performance blockchain platform designed to support decentralized applications (dApps) and cryptocurrencies. It achieves this through a combination of innovative technologies that enhance speed and scalability.
At its core, Solana utilizes a unique Proof of History (PoH) mechanism. PoH creates a historical record that proves events have occurred at a specific moment in time, allowing the network to process transactions quickly and efficiently.
In addition to PoH, Solana employs a Proof of Stake (PoS) consensus mechanism. In PoS, validators are chosen to create new blocks and confirm transactions based on the number of SOL tokens they hold and are willing to "stake" as collateral. This approach enhances security and decentralization.
Solana's architecture also includes several key components:
> Turbine: A block propagation protocol that breaks data into smaller packets, enabling faster transmission across the network.
> Gulf Stream: A mempool-less transaction forwarding protocol that pushes transactions to the edge of the network, reducing confirmation times.
> Sealevel: A parallel smart contracts runtime that allows for the simultaneous processing of thousands of smart contracts, improving efficiency.
These innovations enable Solana to process thousands of transactions per second with low fees, making it a robust platform for developers and users seeking speed and scalability in blockchain applications.
History of Solana Network and SOL Coin
Solana was founded in 2017 by Anatoly Yakovenko, a former Qualcomm engineer, who introduced the concept of PoH consensus to enhance blockchain scalability. Solana launched its mainnet in March 2020, prioritizing speed and scalability. Here are the key highlights from the Solana roadmap since launch:
> 2021: DeFi and NFTs grew on Solana, with projects like Serum and Raydium enhancing liquidity, and platforms like Solanart drawing NFT creators and collectors.
> 2022: Infrastructure improvements focused on stability…