Solana price today is MYR 564.050 with a 24-hour trading volume of MYR 9,865,384,429. Solana is
down
-1.79% in the last 24 hours. Over the past hour the price of SOL has
risen
by +1.25%. The total supply of SOL is $584,607,227.03 and the current circulating supply is set at $468,225,923.78. The current Coingecko ranking of SOL is 5.
As of today at
7:15 PM
, converting 1Solana (SOL) to MYR using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of 🌐 564.05MYR. The current exchange rate is 1 SOL = MYR 564.050MYR, while 1 MYR equals SOL.
SOL is the native currency of Solana — a layer-1 public blockchain platform with smart contract functionality. Solana was first proposed by software engineer Anatoly Yakovenko in 2017 and launched in 2020.
Solana aims to achieve high transaction speeds without sacrificing decentralization. It currently has a throughput of 50,000 to 65,000 transactions per second, making Solana the fastest blockchain in existence.
How does Solana (SOL) work?
Like Ethereum, Solana both maintains a distributed payment network and functions as a decentralized computing platform for creating and deploying decentralized applications (DApps).
Solana's high throughput and short transaction processing time are largely due to its unique consensus mechanism — proof-of-stake (PoS) combined with “proof-of-history” technology. Proof-of-history uses a recursive verifiable delay function to hash all incoming events and transactions. With proof-of-history, each node gets a cryptographic “clock” that helps the network agree on time and event ordering.
What is Solana (SOL) used for?
Solana is a public, open-source blockchain, built to host scalable decentralized applications (dApps) and facilitate transactions in its native cryptocurrency SOL.
SOL is mainly used for staking and transaction fees on the network.
What is Solana (SOL) Market Cap?
SOL (Solana) currently has a market capitalization of MYR 265,048,896,853.00.
What is Solana (SOL) Market Supply?
The current circulating supply of SOL (Solana) is $468,225,923.78.
How to Buy Solana (SOL)?
SOL tokens can be purchased on a large number of cryptocurrency exchanges. The TabTrader app aggregates 30+ major cryptocurrency exchanges and allows users to monitor 20K+ trading instruments in real time.
