Verified OGs
8
CryptoFam
90
Projects
19796
BTC
$98520
-0.12%
ETH
$3359.97
-0.56%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap
3.545T
Fear&Greed
94

Solana

SOL
OG Rank: 9
Market Cap Rank: 4 ($122.46B)
ACTIVE
About

Solana is a smart contract platform, uses a hybrid proof-of-stake and proof-of-history model to enable high-speed and eco-friendly transactions, for DeFi and dApps... Learn More

 

Founder
Anatoly Yakovenko
SOL Price

$258.24

24h -0.35%
7d -27.16%
All time low ($0.500801)
($262.96) All time High

OG Score

Based on 2 OG evaluation

TBA

...

LINKS

OGAudit Evaluation Points

68.18
83.15
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
81.10
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
70.10
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
82.55
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
75.45
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
71.20
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
69.25
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
70.60
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
71.05
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
10.25
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
68.18
83.15
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
81.10
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
70.10
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
82.55
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
75.45
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
71.20
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
69.25
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
70.60
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
71.05
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
10.25
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
High Ratings
CryptoApe Wallet No:xxxx-5f294
24/09/2024 13:45
SOL @ $146.67
Despite frequent network outages(restarts)), congestion, made-up numbers Solana remains a fast and affordable blockchain.

Becoming a validator, however, node operating costs of up to $700 per month, which limits decentralization. Recent, the meme coin hype in the Solana ecosystem brought high returns for investors.
Regardless, Solana will continue to stand out due to its strong institutional support and large investors.
64.26
Critic Wallet No:xxxx-766d3
03/07/2024 18:56
SOL @ $141.51
Solana is the meeting point of new memecoins due to its speed and low tx costs. Will they be able to maintain this while fighting with bots?
72.09
Low Ratings

Solana Price

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Price Statistics

Solana Price $258.24

24h Low / 24h High $253.04 / $ 262.96

Market Cap Rank #4

Market Cap $ 122.46 B

Circulation Supply $ 474.66 M

Total Supply $ 588.77 M

Max Supply $ 0.00

All Time High $ 262.96

All Time Low $ 0.500801

ICO/IDO Price 0

Solana Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Solana (SOL)?

Solana is a highly functional open-source project that aims to offer decentralized finance (DeFi) solutions by leveraging the permissionless nature of blockchain technology. Although the project's idea and initial work started in 2017, Solana was officially released in March 2020 by the Solana Foundation.
The Solana protocol is designed to ease the creation of decentralized applications (DApps). It aims to enhance scalability by combining the fundamental proof-of-stake (PoS) consensus with a proof-of-history (PoH) consensus within the blockchain.
Thanks to its innovative hybrid consensus model, Solana attracts interest from both small-scale and institutional investors. One of the focal points of the Solana Foundation is to make decentralized finance more accessible on a broader scale.
Similar to Ethereum, a general-purpose blockchain, Solana uses Rust as a different technical foundation for writing applications. It currently hosts end-user applications encompassing decentralized finance (DeFi), unique tokens (NFTs), marketplaces, games, and more.
The team claims that Solana network can handle 50,000 transactions per second, which appeal to investors with high transaction frequency. SOL serves as the native token of Solana, utilized for transaction fees and staking.
Solana garners attention due to its low transaction fees and remarkable scalability. These features position it as an ideal platform to meet the demand for dApps in various sectors like DeFi, gaming, NFTs, and Web3.
Solana's Proof-of-History (PoH) system is specifically designed to reduce its environmental impact, setting it apart from other blockchains. This positions Solana as an eco-friendly choice.
In contrast to Ethereum and other blockchains, Solana's hybrid consensus model and high transaction speed make it particularly suitable for gaming and DeFi applications. Solana provides secure and rapid transaction verification and scalability through its unique combination of technologies.

What is unique about Solana (SOL)?

Solana (SOL) stands out for its hybrid consensus model, combining proof-of-stake (PoS) and proof-of-history (PoH) consensus, facilitating high transaction speed while prioritizing low fees and eco-friendliness.

Who are the founders of Solana (SOL)?

Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.

Who are the backers/investors of Solana (SOL)?

Andreessen Horowitz (a16z), Polychain Capital, Multicoin Capital, Delphi DigitalDelphi Digital, NGC Ventures, The Spartan Group, CMS Holdings, CoinFund, Kenetic Capital, Distributed Global, Slow Ventures, Sino Global Capital, RockawayX, Jump Trading, Blockchange Ventures, Blocktower Capital, Foundation Capital, CoinShares, Passport Capital, Alameda Research.

What is the consensus mechanism of Solana (SOL)?

Solana (SOL) employs a hybrid consensus mechanism involving proof-of-stake (PoS) and proof-of-history (PoH) to achieve high throughput and scalability.

Where can I buy Solana (SOL)?

 

What are Solana (SOL) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Solana SOL. To access these ratings, evaluations, and comments, click here.

How to mine Solana (SOL)? How can I stake Solana (SOL)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Solana (SOL)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Solana (SOL) is ($474,660,431), max supply of Solana  SOL is ($0) and the market cap of Solana  SOL is ($122,461,425,018)

What is the Solana (SOL) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Solana (SOL)?

The current market price of Solana (SOL) is $258. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Solana (SOL) a good investment?

It is important to do comprehensive research before deciding whether Solana (SOL) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Solana SOL) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Solana (SOL) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Solana (SOL) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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