Solana price today is $144.390 with a 24-hour trading volume of $1,205,992,811. Solana is
up
+0.88% in the last 24 hours. Over the past hour the price of SOL has
decreased
by -0.31%. The total supply of SOL is $585,975,968.87 and the current circulating supply is set at $468,589,863.12. The current Coingecko ranking of SOL is 5.
As of today at
3:06 PM
, converting 1Solana (SOL) to USD using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of 🌐 144.39USD. The current exchange rate is 1 SOL = $144.390USD, while 1 USD 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 one of the fastest blockchains 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 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 (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.
What Is the Market Cap of SOL?
SOL (Solana) currently has a market capitalization of $67,687,903,224.00
What is Solana’s (SOL) Circulating Supply?
The current circulating supply of SOL (Solana) is $468,589,863.12
How to Buy Solana (SOL)?
SOL tokens can be purchased on a large number of cryptocurrency exchanges. The TabTrader app aggregates 20+ major cryptocurrency exchanges and allows users to monitor 20K+ trading instruments in realtime.
