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. More
| Fully Diluted Valuation | $110.90B |
|---|---|
| 24H Trading Volume | $4.67B |
| 24H Low / High | $179.86 / $ 188.63 |
| Circulating Supply | 540.31 M |
| Total Supply | 608.05 M |
| Max Supply | ∞ |
| Categories | Alameda Research Portfolio 14 more |
|---|---|
| Founder | Anatoly Yakovenko |
| Website | solana.com |
| Socials | 1 more |
| Explorer | Solana 6 more |
| Name | Pair | OG Score |
|---|
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.
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.
Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
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.
Solana (SOL) employs a hybrid consensus mechanism involving proof-of-stake (PoS) and proof-of-history (PoH) to achieve high throughput and scalability.
You can buy Solana (SOL) on Binance, OKXBitgetGate.ioBybit cryptocurrency exchanges.
