SOL
Reputation Ratings

SOL

Solana 5-10 years
Crypto
Coin
Token
Website https://solana.com
Browser
OTH RELPs
Github
White Paper
SOL Avg Price
+2.92%
1D

$ 152.12 USD

$ 152.12 USD

Market Cap

$ 82.0042 billion USD

$ 82.0042b USD

24h trading volume

$ 3.5408 billion USD

$ 3.5408b USD

7d Vol

$ 23.8658 billion USD

$ 23.8658b USD

Circulating supply

534.608 million SOL

Solana-related information

Issue Time

2020-03-23

Platform pertained to

--

Current coin price

$152.12USD

Market Cap

$82.0042bUSD

Volume of Transaction

24h

$3.5408bUSD

Circulating supply

534.608mSOL

Volume of Transaction

7d

$23.8658bUSD

Change

24h

+2.92%

Number of Markets

944

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

13

Last Updated Time

2019-12-29 14:20:48

Language Involved

--

Agreement

--

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SOL Price Chart

Solana introduction

Markets

3H

+1.48%

1D

+2.92%

1W

+5.99%

1M

-5.96%

1Y

+7.68%

All

+7137.58%

AspectInformation
Short NameSOL
Full NameSolana
Founded Year2017
Main FoundersAnatoly Yakovenko
Support ExchangesBinance, Bitfinex, CoinDCX,KuCoin, Huobi Global, Kraken, FTX, Gemini, Bitstamp, Bittrex etc.
Storage WalletTrust Wallet, SolFlare, Ledger, etc.

Overview of SOL

Solana, shortened to SOL, is a cryptocurrency that was founded in 2017 by Anatoly Yakovenko. As a high-performance blockchain, Solana enables decentralized apps and cryptocurrencies to operate quickly and securely. Its main target is to improve scalability without enforcing network sharding or data partitions to handle more transactions.

SOL is supported on various digital currency exchanges including Binance, Bitfinex, CoinDCX, amongst others. For secure storage of SOL tokens, various cryptocurrency wallets such as Trust Wallet, SolFlare, Ledger, etc., are available. These wallets support Solana as well as other cryptocurrencies.Cardano is home to a growing ecosystem of decentralized applications (DApps), including NFT projects, decentralized finance (DeFi) protocols, and blockchain games.

Overview of SOL

Pros and Cons

ProsCons
High scalabilityRelatively new, less established
Fast transaction processingPotential for network congestion
Widely supported on exchangesGreater risk due to reliance on single entity
Supports various wallet storage optionsStill evolving, risk of unpredicted issues
Utilizes Proof of History for efficiencyHigh competition in the scalable blockchain market

Crypto Wallet

A Solana (SOL) wallet is a digital wallet that allows you to store, send, and receive SOL, the native cryptocurrency of the Solana blockchain. There are many different Solana wallets available, each with its own set of features and benefits. Here are some of the most popular Solana wallets:Phantom\Solflare\Math Wallet.

When choosing a Solana wallet, it is important to consider your needs and security requirements. If you are a beginner, a lightweight wallet like Sollet may be a good option. If you are storing large amounts of SOL, a hardware wallet like the Ledger Nano S is a more secure option.

What Makes SOL Unique?

Solana, or SOL, presents an innovative approach to decentralized systems through its unique Proof of History (PoH) consensus. While traditional decentralized systems often depend on proof of work or proof of stake systems, Solana's PoH allows for each transaction to have a unique timestamp, thereby creating historical records within the system. This allows for more efficient validation as well as higher scalability and faster transaction processing.

What Makes SOL Unique?

How Does SOL Work?

SOL (Solana) is a high-performance blockchain protocol and cryptocurrency. It is designed to process thousands of transactions per second with low fees. SOL works using a combination of proof-of-stake (PoS) and proof-of-history (PoH) consensus mechanisms.

Proof-of-stake (PoS)

PoS is a consensus mechanism that relies on validators to stake their SOL tokens in order to secure the network. Validators are randomly selected to produce blocks and earn rewards in SOL tokens.

Proof-of-history (PoH)

PoH is a consensus mechanism that helps to improve the scalability of the Solana network. PoH works by creating a verifiable record of time that can be used to order transactions and timestamp events on the blockchain.

Exchanges to Buy SOL

Several exchanges support the purchase and trading of SOL. Here are ten of such exchanges along with the major currency pairs and token pairs they support for SOL:

1. Binance: This platform offers several SOL trading pairs including SOL/USD, SOL/EUR, SOL/BTC, and SOL/ETH, among others.

See this link for details on how to buy Solana (SOL):https://www.binance.com/zh-CN/how-to-buy/solana Here's a step-by-step guide on how to buy SOL:

Choose a Cryptocurrency Exchange: Select a reputable cryptocurrency exchange that supports SOL trading. Popular options include Binance, Coinbase, Kraken, and Gate.io.

Create an Account: Visit the chosen exchange's website or app and register for an account. Provide your personal information, email address, and verify your identity through KYC (Know Your Customer) procedures.

Deposit Funds: Fund your exchange account with the fiat currency (e.g., USD, EUR) or cryptocurrency you want to use to buy SOL. You can deposit funds using various methods, such as bank transfers, credit/debit cards, or crypto transfers.

Navigate to SOL Trading Pair: Locate the SOL trading pair, which represents the currency you'll exchange for SOL. Common trading pairs include SOL/USD, SOL/BTC, or SOL/ETH.

Place a Buy Order: Enter the desired amount of SOL you want to purchase and review the order details, including the price and fees. Choose the order type, such as a market order (immediate execution) or a limited order (specific price target).

Confirm and Execute Trade: Review the order details carefully and confirm the transaction. Once confirmed, the exchange will execute the trade, and your SOL will be added to your exchange account.

Withdraw SOL (Optional): If you want to store your SOL securely offline, you can withdraw it from the exchange to a compatible Solana wallet. This involves generating a wallet address and initiating a withdrawal from the exchange.

how to buy Solana (SOL)

2. Bitfinex: Bitfinex supports SOL trading and offers pairs such as SOL/USD and SOL/USDT.

3. CoinDCX: On CoinDCX, SOL can be traded against INR. It also supports various crypto-to-crypto pairs such as SOL/BTC and SOL/USDT.

4. KuCoin: KuCoin offers SOL trading with major pairs like SOL/USD, SOL/USDT, SOL/BTC, and SOL/ETH.

5. Huobi Global: Major trading pairs on Huobi Global include SOL/USDT, SOL/BTC and SOL/ETH.

Exchanges to Buy SOL

How to Store SOL?

SOL, the native cryptocurrency of the Solana network, can be stored within a variety of wallets that support the Solana blockchain.

These wallets include:

Trust Wallet\SolFlare\Ledger\Phantom\Math Wallet\Exodus.

Is It Safe?

Solana (SOL) is generally considered a secure cryptocurrency investment, with several factors contributing to its safety:

Proof-of-Stake (PoS) Consensus Mechanism: Solana utilizes a PoS consensus mechanism, which is considered more secure and energy-efficient than the Proof-of-Work (PoW) mechanism used by Bitcoin and Ethereum. In a PoS system, validators are chosen based on their stake in the network, rather than their computational power. This makes it more difficult for malicious actors to attack the network.

Secure Smart Contract Platform: Solana's smart contract platform is designed with security in mind, incorporating various security features and protocols to prevent vulnerabilities and exploits.

How to Earn SOL Coins?

Cryptocurrency investments, including purchasing SOL, can be suitable for various types of investors, depending on their financial goals, risk tolerance, and familiarity with the cryptocurrency market. Here are some categories of potential investors:

1. Technology enthusiasts: Individuals who wish to support or become involved in blockchain technology may consider purchasing SOL.

2. Diversifying investors: People looking to diversify their investment portfolio might consider adding cryptocurrencies, including SOL, as an alternative investment class.

3. Long-term investors: Given its innovative technology and potential for scalability, individuals aiming for a long-term investment might find SOL interesting.

4. Cryptocurrency traders: SOL's high liquidity and availability on several exchanges make it useful for traders who participate in short-term trading strategies.

FAQs

Q: Where can I purchase SOL tokens?

A: SOL tokens can be acquired on several digital currency exchanges such as Binance, Bitfinex, CoinDCX and more.

Q: How does Solana ensure high scalability and quick transactions?

A: Solana's unique consensus algorithm, known as Proof of History, allows it to timestamp transactions before they enter the blockchain, enhancing scalability and transaction processing speed.

Q: How can I safely store my SOL tokens?

A: SOL tokens can be securely stored using multiple wallets that support the Solana blockchain such as Trust Wallet, SolFlare, Ledger, Phantom and more.

Q: Who might be interested in investing in SOL?

A: Potential SOL investors may include technology enthusiasts, those looking to diversify their portfolios, long-term investors, as well as cryptocurrency traders.

Solana User Reviews

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156 ratings

Participate in evaluation
dionysuzz
slow transaction speeds. also the gas fees are not friendly
2023-08-24 19:40
5
Dory724
Fast, scalable, low fees. Impressive ecosystem growth. Some concerns about centralization. Overall, promising.
2023-11-22 03:33
5
rashid8637
Nice coin. Strong network.good team
2023-11-22 20:35
8
Shaban 4517
Solana (SOL) is a high-performance blockchain platform known for its fast transaction speeds and low fees
2023-11-23 00:27
7
leofrost
Solana (SOL) is a high-performance blockchain platform known for its fast transaction speeds and low fees. Designed to support decentralized applications (DApps) and smart contracts, Solana has gained popularity for its scalability.
2023-11-22 03:04
2
SolNFT
Solana is a blockchain platform known for its high throughput and low transaction fees.
2023-10-26 19:59
2
SolNFT
Solana is a blockchain platform known for its high throughput and low transaction fees.
2023-10-26 19:58
1
hs tan
SOL offers a smooth interface, but their customer support could definitely use some improvement.
2024-03-25 20:48
12
FX1454862799
SOL offers fast and low-cost transactions. However, its price volatility is highly unpredictable!
2024-03-17 08:49
7
SolNFT
Solana is designed for scalability, allowing developers to build and deploy complex applications without concerns about network congestion or high gas fees.
2023-11-24 07:56
2
Dazzling Dust
Solana is a fast and low-cost blockchain platform for decentralized applications, with SOL as its native cryptocurrency.
2023-11-23 06:44
13
jennie 6938
Solana (SOL) token plays a crucial role in facilitating and incentivizing activities on the network.
2023-11-22 19:35
5
Jenny8248
It faces competition from other blockchains, and its long-term success will depend on its ability to maintain security and attract developers. Solana is certainly one to watch in the ever-evolving world of blockchain technology
2023-11-06 22:17
8
Dan3450
Solana (SOL) token plays a crucial role in facilitating and incentivizing activities on the network, making it an integral part of the Solana blockchain's functionality.
2023-10-29 23:09
7
SolNFT
Solana's aims to keep transaction costs low, making it an attractive option for decentralized applications (DApps) and DeFi projects that require cost-effective transactions.
2023-10-27 13:36
10
Jay540
Solana will pump more, it has a great future in the Crytpo sphere
2023-10-24 15:15
9
FX1077535755
SOL (Solana) is a practical and innovative cryptocurrency. What I appreciate most is its mobility and innovative technology. However, high price volatility is a cause for concern.
2023-10-15 16:59
3
iwonexol
Solana has gained significant attention for its high-performance blockchain, capable of processing thousands of transactions per second. Its focus on scalability and low fees has drawn interest from developers and users alike. However, as with any technology, it's essential to monitor its development and adoption to assess its long-term potential in the ever-evolving crypto space.
2023-08-23 15:11
2
All The Best
$SOL will pump more and more, so just Hold and you will get rich
2023-01-16 17:55
0
vox5521
$SOL is best token and recommended for invest
2023-01-16 14:35
0

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Solana News

TokenSolana and a First in US History! Extraordinary Data Arrived for SOL!

Another first was achieved in the USA yesterday, and the first staking ETF in the USA was approved a

2025-07-03 17:27

Solana and a First in US History! Extraordinary Data Arrived for SOL!

ExchangeAsia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a dai

2025-07-03 10:28

Asia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch

TokenEyes Turn to Other Altcoins After Solana (SOL) Approval! Bloomberg Analysts Announced the Altcoins with the Highest Probability of Approval: One of Them is...

After Bitcoin and Ethereum spot ETFs in the US, altcoins such as Solana (SOL), XRP and Litecoin (LTC

2025-07-01 15:30

Eyes Turn to Other Altcoins After Solana (SOL) Approval! Bloomberg Analysts Announced the Altcoins with the Highest Probability of Approval: One of Them is...

TokenSolana ETF with Staking to Launch July 2, Boosting Momentum for SOL Price Surge

In a move that could redefine crypto investment in the U.S., a new Solana ($SOL) spot ETF from REX S

2025-07-01 11:02

Solana ETF with Staking to Launch July 2, Boosting Momentum for SOL Price Surge

TokenSOL price rallies to $161 after ETF news, but is the rally sustainable?

The launch of a SOL ETF is unlikely to kick off a more substantial rally to $200 and above.

2025-07-01 07:15

SOL price rallies to $161 after ETF news, but is the rally sustainable?

TokenPrice predictions 6/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Crypto traders want new all-time highs, but charts suggest Bitcoin could test underlying support levels first.

2025-07-01 03:22

Price predictions 6/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

TokenSolana ranks second in DEX volumes — Will SOL price follow?

Solana secures more DEX market share, but when will SOL price hit new highs?

2025-06-28 05:09

Solana ranks second in DEX volumes — Will SOL price follow?

TokenPrice predictions 6/27: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, LINK

Bitcoin appears to be gearing up for new price highs, while charts suggest that altcoins could struggle to follow.

2025-06-28 03:12

Price predictions 6/27: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, LINK

TokenBitcoin, XRP, SOL futures launch on Robinhood

Robinhood has launched micro futures contracts for Bitcoin, Solana and XRP, giving traders lower-cost access to crypto derivatives. The move builds on its crypto expansion and major acquisitions like Bitstamp and WonderFi.

2025-06-28 02:32

Bitcoin, XRP, SOL futures launch on Robinhood
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