SOL

Solana price

SOL
Favorite

$53.84

+$7.343 (+15.79%)

24H
  • 1H
  • 24H
  • 1W
  • 1M
  • 1Y
  • ALL
ALL
1Y
1M
1W
24H
1H
Market cap
$18.11B
Volume (24h)
$1.35B
Circulating supply
337,328,557

Trade

Spot
Margin
Contract
Options
PairPriceChangeAction
SOL/USDT
₮53.87$53.88
+15.85%
Learn about spot
Overview
Analysis

About Solana (SOL)

About Solana (SOL)

Solana is a blockchain that allows developers to build decentralized applications — similar to Ethereum — that can scale with user demand. SOL is the network's native cryptocurrency.

Solana boasts the ability to process 50,000 transactions per second, a figure that is far greater than many legacy blockchains such as Bitcoin and Ethereum. To this end, the project's official website has a feature that invites skeptical users to "stress test" the network.

From exchanges to payments networks, Solana says it supports the creation of decentralized infrastructure. Its goal of "Web 3.0 with Web 2.0 speed" is delivered through block times of 400 milliseconds, with finality achieved in under a second. Developers can also code in a language that they are familiar with — including Rust, C and C++.

With high transaction fees a lingering concern for many users, as well as the organizations that hope to build on the blockchain, Solana says its approach helps to keep costs down — even as user numbers increase. Ultimately, the project is confident that it can support applications with "billions of users."

The technical underpinnings for Solana can be traced back to a white paper that was released in late 2017. In the document, one of the project's cofounders, Anatoly Yakovenko, advocated for a new form of blockchain architecture based on a consensus mechanism called proof-of-history — automating the way that transactions were ordered.

SOL price and tokenomics

A total of five funding rounds were held for Solana, beginning in April 2018 and ending in March 2020. A beta version of Solana's mainnet launched in the same month.

SOL's price initially started trading at under $1 when it launched in the first half of 2020. Prices broke $1 for the first time in July 2020. 2021 proved to be a hallmark year for SOL as it traded above $250.

SOL has a deflationary model, which means that tokens are burned on a regular basis. This cryptocurrency can be used to pay transaction fees, as well as for staking. You can also earn passive income with SOL by staking it via OKX Earn.

About the founders

Based in California, Solana's founding team include Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal and Stephen Akridge. Solana Labs is its parent company — and employees at this business previously worked for the likes of Apple, Qualcomm, Intel, Google, Microsoft and Twitter.

Social media

Solana FAQ
What is Solana (SOL)?
Solana is a blockchain that applies a combination of proof-of-history (PoH) and proof-of-stake (PoS). Compared to ethereum and bitcoin, this creative and unique consensus algorithm solves the "blockchain trilemma", which makes every transaction cheaper and faster. With lower fees and higher efficiency, Solana blockchain supports the development of decentralisation, from wallet, DeFi, Web3 to NFTs, and runs thousands of transactions per second. Solana (SOL) is the native crypto of its ecosystem, and its maximum supply is around 500 million cryptos. Solana holders can participate the governance, pay for transaction fees and get rewards.
Where to buy Solana crypto? And how to buy?
Currently, you can buy Solana (SOL) crypto on OKX exchange with several steps: -Firstly, Create an account on OKX. -Secondly, there are two ways to buy Solana crypto: 1) If you want to use fiat to purchase Solana directly, you can go to 'Buy crypto' page, select the fait you wanted to pay with and choose SOL crypto, enter the volume you want to buy, then click 'Buy'. 2) If you already hold some cryptos, such as BTC ETH or USDT, you can go to 'Trade' and find SOL crypto in the search box, choose your preferred trading pair. Then, enter the price and amount of SOL crypto you wanted, and wait for the fulfilment of the order.
How to stake Solana?
Here is a low risk for you to stake Solana only if you hold some Solana in your OKX account. You can go to OKX Earn, and enter Solana or SOL in the search box. Then select the term (flexible or fixed) and amount you want to stake, and finally click the 'subscribe' button.

Invite a friend to get $15

Know someone curious about crypto?View Details

Solana price statistic

Price today
Solana price
$53.84
Price change (24h)
+$7.343
+15.79%
Low and high (24h)
$45.91Low
$54.06High
Volume (24h)
$1.35B
Circulating supply
337,328,557
Market cap
$18.11B

Found any mistakes?

Solana FAQ
What is Solana (SOL)?
Solana is a blockchain that applies a combination of proof-of-history (PoH) and proof-of-stake (PoS). Compared to ethereum and bitcoin, this creative and unique consensus algorithm solves the "blockchain trilemma", which makes every transaction cheaper and faster. With lower fees and higher efficiency, Solana blockchain supports the development of decentralisation, from wallet, DeFi, Web3 to NFTs, and runs thousands of transactions per second. Solana (SOL) is the native crypto of its ecosystem, and its maximum supply is around 500 million cryptos. Solana holders can participate the governance, pay for transaction fees and get rewards.
Where to buy Solana crypto? And how to buy?
Currently, you can buy Solana (SOL) crypto on OKX exchange with several steps: -Firstly, Create an account on OKX. -Secondly, there are two ways to buy Solana crypto: 1) If you want to use fiat to purchase Solana directly, you can go to 'Buy crypto' page, select the fait you wanted to pay with and choose SOL crypto, enter the volume you want to buy, then click 'Buy'. 2) If you already hold some cryptos, such as BTC ETH or USDT, you can go to 'Trade' and find SOL crypto in the search box, choose your preferred trading pair. Then, enter the price and amount of SOL crypto you wanted, and wait for the fulfilment of the order.
How to stake Solana?
Here is a low risk for you to stake Solana only if you hold some Solana in your OKX account. You can go to OKX Earn, and enter Solana or SOL in the search box. Then select the term (flexible or fixed) and amount you want to stake, and finally click the 'subscribe' button.