What is Solana (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.

How does Solana (SOL) work?

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 one of the fastest blockchains in existence.

What is Solana (SOL) used for?

Like Ethereum, Solana both maintains a distributed payment network and functions as a decentralized computing platform for creating and deploying decentralized applications (DApps).

What Is the Market Cap of SOL?

Solana's high throughput and short transaction processing times are largely due to its unique consensus mechanism — a combination of Proof-of-Stake (PoS) and Proof-of-History (PoH).Proof-of-History (PoH) creates a time-stamped record of all transactions on the network, enabling nodes to quickly verify the order of transactions without the need for continuous communication. This approach reduces the time and energy required for consensus.

What is Solana’s (SOL) Circulating Supply?

Solana is a public, open-source blockchain, built to host scalable decentralized applications (dApps) and facilitate transactions in its native cryptocurrency SOL.

How to Buy Solana (SOL)?

SOL (Solana) currently has a market capitalization of NGN 110,019,104,783,183.00

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SOL - NGN

05:27, April 18, 2025 0 NGN

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SOL Price Live Data ( Solana )

SOL is on the rise this week

Solana price today is NGN 213,063 with a 24-hour trading volume of NGN 8,555,153,493,376. Solana is up +5.94% in the last 24 hours. Over the past hour the price of SOL has decreased by -0.34%. The total supply of SOL is $598,728,659.5 and the current circulating supply is set at $516,401,577.94. The current Coingecko ranking of SOL is 6.

Market cap

$110.02T

Circulating supply

$516.4M

Volume (24h)

$8.56T

Fully Diluted Market Cap

$79.52B

As of today at 5:27 AM , converting 1 Solana (SOL) to NGN using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of 🌐 213063 NGN. The current exchange rate is 1 SOL = NGN 213,063 NGN, while 1 NGN equals SOL.