The live Solana (SOL) price is $207.09, with a 24 hours Blynex trading volume of 1.31 M. The price of SOL changed by -3.86% in the past 24 hours. With a circulating supply of 486.65M SOL and a maximum supply of ∞ SOL coins. SOL currently ranks #5 in market cap. You have the option to purchase Solana (SOL) on the Blynex exchange.
Date of Issue: 23.03.2020
Solana (SOL) is a groundbreaking open-source blockchain project that leverages the permissionless....
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Lower Price 202.11
24H
218.22 Upper Price
24H Value
1.31 M
Market Cap(USD)
100.78 B
Circulating
486.65 M
Total Supply
0 K
Solana (SOL) Live Price Data
Markets
| Market | Price | 24h % | 24h High | 24h Low | 24h Volume | |
|---|---|---|---|---|---|---|
SOL/USDT |
$207.093 | -3.86% | 218.224 | 202.112 | 1.3 M | Trade |
About Solana (SOL)
Solana (SOL) is a groundbreaking open-source blockchain project that leverages the permissionless. Buying SOL on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Solana (SOL).
What is Solana (SOL)?
Solana is a groundbreaking open-source blockchain project that leverages the permissionless nature of blockchain technology to deliver cutting-edge decentralized finance (DeFi) solutions. While its inception dates back to 2017, the Solana Foundation officially launched the platform in March 2020, with headquarters in Geneva, Switzerland. Designed for scalability, Solana combines proof-of-history (PoH) with proof-of-stake (PoS) to power decentralized app (DApp) development efficiently.
Who Are the Founders of Solana?
Anatoly Yakovenko, a former senior staff engineer manager at Qualcomm, is the visionary behind Solana. He began developing the platform in 2017, later joining forces with Greg Fitzgerald, a former Qualcomm colleague. Together, they founded Solana Labs, bringing in more talent from Qualcomm to build the project. The public launch of the Solana protocol and its native token, SOL, in 2020 marked a new era of blockchain innovation, driven by their combined technical expertise.
What Makes Solana Unique?
Solana’s uniqueness lies in its innovative proof-of-history (PoH) consensus, which enhances scalability and usability. Renowned for its lightning-fast transaction speeds, Solana reduces validation times for transactions and smart contracts, making it an attractive option for institutional and retail users alike. Its hybrid consensus model ensures low transaction fees, scalability, and unmatched performance, setting it apart as a blockchain capable of supporting enterprise and individual needs.
Solana’s Rapid Growth and Ecosystem
Since its launch, Solana has experienced remarkable growth, attracting institutional interest and gaining traction in the DeFi, NFT, and gaming sectors. The platform’s ecosystem expanded significantly, highlighted by the Degenerate Ape NFT launch, which drove the SOL price to an all-time high of $216 in September 2021. With increasing developer activity and a thriving ecosystem, Solana continues to position itself as a viable alternative to Ethereum, thanks to its speed and efficiency.
Challenges and Aspirations
Despite its many accolades, Solana has faced challenges, including network outages that have impacted its reputation and aspirations to become the "Visa of crypto." Additionally, critics have pointed out concerns over its tokenomics, which some argue favor venture capital investors. However, Solana remains a top contender in the blockchain space, praised for its innovative design, scalability, and potential to revolutionize decentralized technology.SOL to local currency
- SOL to USD207.482
- SOL to EUR199.954
- SOL to AUD332.064
- SOL to KRW301,111.579
- SOL to JPY31,878.160
- SOL to GBP166.290
- SOL to INR18,079.088
- SOL to CAD297.301
- SOL to AED761.978
- SOL to RUB20,894.654
SOL to crypto currency
- SOL to BTC0.0021144928
- SOL to ETH0.0756377890
- SOL to USDT207.473
- SOL to BNB0.363
- SOL to XRP82.172
- SOL to ADA284.199
- SOL to TRX923.728
- SOL to LTC2.037
- SOL to TON54.780
- SOL to DOGE782.475