$2.53T
Total marketcap
$46.72B
Total volume
BTC 52.02%     ETH 14.58%
Dominance
Solana

Solana SOL Price

$167.69 -2.5822%
  • BTC 0.0025
  • ETH 0.05

Solana Price chart

Sorry, that's all we've gotfor now...

Statistics

Solana Price $167.69 All-time high $259.96 Days since ATH 925
Price change -$4.444 (-2.5822%) Date of ATH Nov 6, 2021 % of ATH -35.57%

Solana Review

Solana (code: SOL)

Founded Date: Nov 15, 2017

Founders:

Anatoly Yakovenko
Anatoly Yakovenko
Founder & CEO
Greg Fitzgerald
Greg Fitzgerald
Co-Founder & CTO
Raj Gokal
Raj Gokal
Co-Founder & COO
Stephen Akridge
Stephen Akridge
Co-Founder

Solana(SOL) - Coin Trading Data

Solana Price $167.69
Ticker SOL
Market Capitalization $75.3B
Fully Diluted Valuation (FDV) $96.67B
Value 24h low $166.93
Value 24h high $174.97
Trade Volume for 24h $2.06B
Current Circulating Supply 448.91M
Maximum Supply 576.33M
Algorithm
ICO Price and ICO ROI 0.22 USD 762.23x
Price Change 24h % -2.5822%
SOL quote $167.69
Fully Diluted Valuation (FDV) $96.67B

Solana(SOL) ATH - All Time High Price

Solana ATH Price $259.96
SOL quote 925
ATH Date Nov 6, 2021
All Time High % -35.57%

Solana Profile

Solana is an ambitious project that creates a scalable blockchain protocol for generating decentralized applications and smart contracts. The core of Solana's architecture is based on a set of software algorithms that can significantly increase the performance caused by software.

Solana doesn't differ much from Ethereum; similarly, it is a publicly available, base-level blockchain protocol that is best suited for creating decentralized applications (dApps). However, this network has higher throughput and scalability: it is capable of handling up to 65,000 transactions per second, which makes it competitive with Visa and Master Card payment systems.

The high-speed transaction processing is achieved by using the Proof of History (PoH) solution, which allows nodes in the network to quickly time synchronize. This is what distinguishes Solana blockchain from Bitcoin or Ethereum networks.

Say Hello to Solana

Solana's Core Innovations

The developers of the project are focused on advanced technological solutions.

Proof-of-History Decentralized consensus clock
Turbine Block distribution protocol that allows to significantly reduce data transfer time
Gulf Stream Transaction transfer protocol without use of a mempool
Sealevel Parallel smart contracts protocol, which allows you to find all non-overlapping transactions in a block and execute them in parallel
Pipeline Mechanism of fast validation and transaction replication, which allows to process a data stream in a specific order, with different hardware responsible for each phase
Cloudbreak Horizontally scalable account database that handles the problem of low performance caused by limited memory size or access speed
Archivers Blockchain storage for storing petabytes of blockchain data
Tower BFT Customized version of the Practical Byzantine Fault Tolerance algorithm with the PoH consensus algorithm as the network clock

History of Solana

  • In February 2018, the developers Yakovenko and Fitzgerald published the official white paper and launched the first internal test network. Later that year, they formed a development company that is now known as Solana Labs. It is named in reference to the small beach town called Solana Beach.
  • In February 2020, the public testing of the Tour de SOL project began. A month later, the beta version of the main network was launched, and in June the Solana Foundation, a non-profit organization aimed at developing the Solana ecosystem and adopting decentralized technologies, was created. Later it was granted more than 160 million native tokens of SOL project and all its intellectual property rights.
  • In August 2020, the decentralized exchange Serum was launched on the blockchain. In the same month, Tether launched USDT stablecoin on Solana. Later in October, the USDC stablecoin developed by the Centre Consortium was launched on the blockchain.
  • In May 2021, the Solana Foundation launched five foundations with a total of $100 million in assets to develop applications in China, and a month later Solana Labs raised over $300 million in a private token sale.
“I think I would love to see us land, from a technical perspective, multiple leaders per slot, and this is something that is a very different roadmap from all the other blockchains.”
Anatoly Yakovenko on the future of Solana (Blockworks Permissionless II event, Sep. 2023)

SOL 

SOL is Solana's own cryptocurrency, which functions as a utility token. SOL uses the SPL protocol, which is a Solana blockchain token standard similar to ERC20 in Ethereum. SOL cryptocurrency, as a native blockchain coin, is transferred as a reward to nodes for program execution and block validation. 

Users can use it for:

  • paying commissions within the network;
  • staking
  • controlling the project by voting for protocol changes.

Solana Storage

As a rule, Sol wallets have either a web version or a mobile app. For example, you can find Solana's own Phantom wallet, which is available on Android, iOS and as an extension to Chrome, and has an audience of more than 1 million people. If you have a really large stock of crypto, however, consider using hardware wallets. For example, Ledger, Nano S, Nano X and Nano S Plus.

TOP 10 Solana Wallets

Top-10 Solana wallets. (source: solana.com)

Mining and Stacking

The Solana ecosystem does not allow token mining, since it is not based on the PoW consensus. But the system does provide SOL token staking, in which coins are delegated to the network's validators while the depositor earns rewards.

To stake Solana, you need to do the following.

  • Send SOL to a wallet: it can be Ledger or any other storage that provides the possibility of staking. Some of these wallets do not allow you to buy tokens immediately, so you have to buy other cryptocurrency to exchange it for SOL. You will also have to pass identity verification, something that is always in the best interest of a depositor.
  • Select a SOL stake: the steak selection page will display you the yield of the project at that moment, the number of available tokens to invest and other information.
  • Deposit funds in the stake and lock the SOL. Read the conditions and select the validator you want to support.
Solana Network Status

Solana Blockchain Network Status - Sep. 2023 (source: solanabeach.io)

It is worth remembering that you will need to pay a small fee when investing and withdrawing funds. Rewards begin to accrue within two epochs (96 hours) after blocking SOL. Funds will be transferred every two days. To withdraw funds from the steak, just click the appropriate button on the invested assets page.

Advantages and Disadvantages of Solana

The main advantages of the network are:

  • high transaction speed at a low and constant cost;
  • scalability ( thanks to high throughput without sharding and second-tier solutions);
  • multiple partnerships within the ecosystem;
  • decentralization;
  • focus on decentralized applications in the DeFi domain;
  • an experienced team of developers;
  • ability to purchase SOL cryptocurrency on a large number of exchanges, both for crypto and fiat;
  • ability to earn through staking.

We should also highlight the disadvantages:

  • high coin volatility;
  • multiple network failures, hacking of wallets, etc., have occurred during the existence of the project.

Summary

Solana is a relatively young project that has already occupied a market niche and continues to expand. This blockchain allows developers to create payment networks, marketplaces, prediction markets, and other types of applications that demand maximum transaction speed. The main advantages, apart from speed, include low fees, as well as the excellent compatibility between any second-level projects.

I hate the Eth-killer thing. I’m an open source developer. I grew up in the time when Linux was fighting Microsoft. The big misconception that people have about open source projects is that it’s possible to kill them. Well, if there are developers that are just having fun working on this thing over the weekend, it’s impossible to kill them! There’s no way to kill Ethereum. That’s basically not something we think about.
Anatoly Yakovenko. Upbit Developer Conference in Seoul (2021)

How much is a one Solana worth now?

1 Solana worth $167.69 now.

What is the price of SOL?

The price of SOL is $167.69.

What is the Solana max supply?

The max supply of Solana is 576.33M.

What is the Solana stock symbol or ticker?

The stock symbol or ticker of Solana is SOL.

How many SOL coins are there in circulation?

There are 448.91M coins in circulation of SOL.

What is the exchange rate of Solana(SOL)?

The exchange rate of Solana is $167.69.

What was Solana's trading volume in 24 hours?

Solana's 24-hour trading volume is $2.06B.

What was the highest price paid for Solana?

Solana reached a record high of $259.96 on Nov 6, 2021

Solana Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 FTX TR FTX TR SOL/USD $59.85 $725.53M 21.04% a year ago
2 Binance Binance SOL/USDT $167.45 $447.41M 12.98% 10 minutes ago
3 Binance Binance SOL/FDUSD $167.74 $148.02M 4.29% 3 minutes ago
4 Nami.Exchange Nami.Exchange SOL/VNST $166.87 $130.63M 3.79% 3 minutes ago
5 Nami.Exchange Nami.Exchange SOL/USDT $167.71 $127.56M 3.7% 3 minutes ago
6 OKX OKX SOL/USDT $167.54 $120.46M 3.49% a minute ago
7 FTX TR FTX TR SOL/TRY $61.92 $105.15M 3.05% a year ago
8 FTX TR FTX TR SOL/BTC $60.88 $103.74M 3.01% a year ago
9 Bybit Bybit SOL/USDT $167.59 $102.67M 2.98% 2 minutes ago
10 Upbit Upbit SOL/KRW $171.98 $87.82M 2.55% 9 minutes ago
11 FTX TR FTX TR SOL/USDT $58.62 $85.82M 2.49% a year ago
12 Coinbase Exchange Coinbase Exchange SOL/USD $167.69 $84.35M 2.45% 4 minutes ago
13 BitVenus BitVenus SOL/USDT $167.74 $68.76M 1.99% 7 minutes ago
14 HTX HTX SOL/USDT $167.71 $66.35M 1.92% 10 minutes ago
15 Bitget Bitget SOL/USDT $167.53 $49.39M 1.43% 2 minutes ago