Price Chart for Solana

SOL Details

Circulating Supply: 399,164,557

Max Supply: Unknown

Market Cap: $101,208,173,427.35

Designed to address the scalability limitations of traditional blockchains, Solana has swiftly gained attention for its blazing-fast transaction speeds and cost-efficiency. Founded in 2017, Solana aims to support decentralized applications and crypto projects that require high throughput and near-instant finality.

Solana's architecture leverages a unique consensus mechanism called Proof of History (PoH) alongside the more traditional proof-of-stake (PoS) algorithm. This combination enables Solana to process thousands of transactions per second, positioning it as a strong contender for blockchain solutions requiring rapid data throughput, such as decentralized finance, gaming, and non-fungible tokens.