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Solana Price

Solana Price(SOL)

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1 SOL =
USD $22.55
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Last updated 2023/01/14 09:42 (UTC)
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$ 22.55
+32.53%
(1D)

SOL Price Live Data

The live price of Solana is $ 22.55 per (SOL / USD) today with a current market cap of $ 8.36B USD. 24-hour trading volume is $ 2.69B USD. SOL to USD price is updated in real-time. Solana is +32.53% in the last 24 hours. It has a circulating supply of 370.62M USD.
SOL Price Performance USD
ChangeAmount%
Today$ 7.3347542+32.53%
30 Days$ 13.45+59.65%
60 Days$ 12.28+54.46%
90 Days$ -5.5625747-24.67%

SOL Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 16.52
High: $ 24.12
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 260.06
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-4.63%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+32.53%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+71.04%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+71.04%
The percent change in trading volume for this asset compared to 7 days ago.

SOL Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#11
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 8.36B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 2.69B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
370.62M
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
370.62M
Circulating supply shows the number of coins or tokens that have been issued so far.

About Solana (SOL)

Solana is an independent Layer 1 blockchain created as a fast and efficient network with an underlying smart contract protocol. Since its launch in 2020, the Solana network has been dubbed a competitor to Ethereum, and even nicknamed ‘The Ethereum Killer’. 

The network’s scalability, combined with its low fees and high speed, makes it a leading choice for many NFT-based decentralized applications (dApps), as well as decentralized finance (DeFi) and digital blockchain-based payment ecosystems.

The Solana network focuses on high transaction throughput and short processing time, which it achieves via its Proof-of-History (PoH) technology. Solana claims to be able to process 65,000 transactions per second, making it one of the fastest in the industry.

The Solana blockchain linearly hashes transactions to create a verifiable order of all the network's activity in order to reach the aforementioned speed. Because of this, there's no need to rely on a block creator's timestamp, or for network validators to check the transaction order.

The Solana network was co-founded in 2017 by systems engineer and computer programmer Anatoly Yakovenko and current Solana COO Raj Gokal.  The network operates on the PoH timing mechanism, which was implemented prior to the consensus layer that now operates on a proof-of-stake (PoS) algorithm.

Solana's native token, SOL, is primarily used for staking to support the validation process, and in transaction fees for peer-to-peer (P2P) payments. It best fulfils these functions through an unlimited token supply. However, the blockchain burns 50% of the SOL used in each transaction fee as part of the formula for maintaining its year-on-year inflationary rate.

The remaining 50% of the transaction fee is awarded to the validators of the transaction. Anyone holding enough SOL is able to become a network validator or a delegator to a validator and support the consensus process needed to run the independent blockchain. This mechanism is used to generate rewards for users who stake in support of the Solana blockchain. SOL price is updated live on Binance.

A major breach occurred on the Solana network early on August 3 2022. Decentralized wallet apps, Phantom and Slope, which both work in accordance with the Solana network, publicized the attacks on social media to inform the public.

In total, the hacks resulted in an estimated $8 million in SOL being drained from around 8,000 wallets. The affected wallets were all found to have interacted with other applications within both the iOS and Android mobile operating systems. The source of the hack and whether or not the affected wallet owners would be reimbursed remained unknown.

People Also Ask: Other Questions About Solana SOL

  1. What is Solana (SOL) Used For?

    Solana (SOL) can be used to make payments, and access and build dApps. Since the recent ETH security breaches, Solana is now increasingly being used to mint NFTs. It has a DeFi ecosystem that allows SOL holders to stake tokens to earn APY.

    One of Solana’s key focuses is building scalable dApps, making the network particularly useful for enterprise use cases. Solana price updates can be viewed on Binance. 


  2. How Do Network Consensus and Validation Work on Solana (SOL)?

    Both Solana and Ethereum offer similar services, and any decision to use either one should be based on the unique, specific needs of the individual or enterprise. The two networks can also be compared by looking at their respective number of dApps, transaction speeds, and users, among other metrics.

    Solana does boast far greater throughout and shorter processing times than the Ethereum, since it was technically developed as a solution to limitations seen on Ethereum and other earlier blockchain networks.

  3. Who Founded Solana (SOL)?

    Solana was developed by Russian-born US citizen Anatoly Yakovenko. As a child, Yakovenko migrated to the US with his parents in the ’90s and discovered a passion for computer science and coding from an early age. Solana’s co-founder and current COO is Raj Gokal, an avid developer, investor, and creator himself.He reconnected with Anatoly Yakovenko over coffee in 2017, after which the two began developing the network almost immediately.

  4. What is the Maximum SOL Token Supply and Current Circulating Token Amount?

    SOL has an unlimited supply but there is a network burn protocol in place that burns 50% of the SOL charged on every Solana network transaction. The Solana Foundation announced that only 489 million SOL tokens would be released into circulation. According to the latest numbers, just under 330 million tokens are currently in circulation.

  5. Is Solana Better Than ETH? 

    Both Solana and Ethereum offer similar services, and any decision to use either one should be based on the unique, specific needs of the individual or enterprise. The two networks can also be compared by looking at their respective number of dApps, transaction speeds, and users, among other metrics.

    Solana does boast far greater throughput and shorter processing times than Ethereum, since it was technically developed as a solution to limitations seen on Ethereum and other earlier blockchain networks.

  6. How to Buy Solana? 

    Solana (SOL) can be purchased directly from Binance using a debit or credit card. Solana (SOL) can also be traded for other cryptocurrencies on the Binance exchange. Live SOL price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Solana (SOL) Guide.

  7. How Much Will Solana Be Worth in Future?

    Check out our Solana Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

  8. What is Solano Price Now?

    Are you looking for Solana Price when you typed Solano Price? Live Solana price is updated in real-time on Binance.

Top News
Citi Says Solana Blockchain Activity Remains High
Activity on the Solana blockchain remains high even though there are an estimated 50 million solana (SOL) tokens locked in crypto exchange FTX’s Chapter 11 proceedings, Citi (C) said in a research report Thursday. That has sharply reduced the circulating supply of the cryptocurrency and has increased uncertainty regarding the blockchain’s future, the report said. “However, several key metrics such as active addresses and daily non-fungible-token (NFT) volume have returned to pre-FTX-collapse levels, potentially indicating comfort from some users on the chain,” analysts led by Joseph Ayoub wrote. Citi says developers have remained active on the blockchain as new project ‘Bonk’ was airdropped to Solana holders last week. An airdrop is when free tokens are sent to wallet addresses to promote adoption of a new cryptocurrency. Solana’s main challenge is incentivizing users and developers to stay, the note said, observing that DeGods, its largest NFT collection, recently left the chain, citing doubts about its future. Through the end of last year, Solana underwent a “slow burn lower” before slumping as much as 20% on Dec. 29. The next day, Ethereum founder Vitalik Buterin expressed his support for the blockchain, triggering an almost 100% rally for the token in the following weeks, with about $550 million of short liquidations over the same period, the note added. Read more: Solana Foundation Invested in FTX, Held Millions in Sam Bankman-Fried-Linked Cryptos on Exchange
Will Canny - CoinDesk
20 hrs ago
Will Canny - CoinDesk
20 hrs ago
Solana-Based Bonk Inu NFTs Surge Tenfold After Mint, But Listing Attracts Criticism
Prices of Bonkz NFTs have surged 10 times since their initial mint on Tuesday, attracting over $900,000 in trading volume after all 15,000 collectibles were sold.Over 6,165 individual wallets hold these collectibles at writing time, data from Solana marketplace Magic Eden shows. The collectibles are based on the popular Shiba Inu-themed Solana project Bonk Inu, which did not directly take part in Bonkz’s creation.The NFTs, which are digital tokens that represent ownership of a physical or virtual asset, may help further BONK’s usage on Solana's network. BONK has attracted massive transaction volume and hype in the past week.The BONK collectibles are purely art-based with no imminent plans for utility, its creators told CoinDesk yesterday. Pricing for the mint – a term that refers to the initial issuance of any NFT – was $25 worth of BONK, and secondary trading will be transacted with solana (SOL) tokens.Each NFT sells for over $280 worth of solana at writing time. All BONK used to purchase these NFTs were burnt – a term referring to when tokens are permanently taken out of supply – meaning over $250,000 worth of bonk’s token supply was removed from circulation on Tuesday.As such, a certain feature of the NFT attracted criticism among community members.Magic Eden said it had utilized its Open Creator Protocol (OCP) for the mint, which enforces royalties on all collections that adopt the protocol and allows creators to ban marketplaces that have not enforced royalties on their collection.“We utilized OCP for this mint, so any transfers between wallets should be done on Magic Eden in "My Items" versus directly in wallet,” a note on Bonkz listing on Magic Eden said. This effectively means Bonkz will not be listed on marketplaces that don’t kick back royalties to the creators.That move attracted brickbats from the Bonk Inu community, including its developers. “BONK is meant to be open source for everyone to build upon. We are disappointed to see an exchange limit trading using OCP,” developers said in a Wednesday tweet, adding they working out a solution to tackle the apparent centralized approach.Bonkz’s creators also acknowledged the seeming lapse, stating they were “actively working with all parties.”Meanwhile, BONK tokens prices remained unchanged over the past 24 hours and are nearly 70% down from lifetime peaks.
Shaurya Malwa - CoinDesk
2023-01-11
Shaurya Malwa - CoinDesk
2023-01-11
Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch
Solana-based token Bonk Inu (BONK) will offer over 15,000 non-fungible token (NFT) collectibles on Solana marketplace Magic Eden on Tuesday, a representative told CoinDesk over email. The NFTs, blockchain tokens that represent ownership of a physical or virtual asset, may help further BONK’s usage within the Solana ecosystem. BONK has attracted massive transactional volumes and hype in the past week. The NFT collection has been made in collaboration with prominent Solana-based NFT projects and is fashioned as “profile pictures” for holders to use on social media networks such as Twitter.The collection brings artists from the Solana community, including John Le and the OMNI creative studio – the team behind the popular "Fracture" and "Gods" Solana NFT projects. A portion of the collection will be given to Gods holders for supporting the project and studio. Over 8,000 of the supply will be left to be minted for only wallets that hold BONK. The BONK profile pictures will be purely art-based with no imminent plans for utility, representatives said. Pricing for the mint – a term that refers to the initial issuance of any NFT – will be set at $25 worth of $BONK, and secondary trading will be transacted with solana (SOL) tokens. Holders of the “Gods” NFT collection on Solana will be the first to be able to mint the Bonk collectibles. As such, all BONK raised will be burned and deleted from existence. Half of the royalties generated from sales following the launch will also be used to buy and burn BONK forever. Future governance for the Bonk Inu project will remain with the Solana-based BONK token, not the NFT, meaning NFT holders do not get voting rights for the future of the Bonk Inu as of Tuesday. Bonk, a Shiba Inu-themed token issued on Dec. 25, returned as much as 3,220% to traders in the past week before profit-taking saw prices fall nearly 70% from lifetime peaks. The token was airdropped to Solana NFT (non-fungible token) communities and creators, which led to quick hype and trading volumes for the Bonk project. Bonk tokens saw steady adoption in the Solana ecosystem with several Solana projects having already integrated Bonk tokens for buying and selling listed NFTs, and some introduced “burn” mechanisms for NFT-based events.
Shaurya Malwa - CoinDesk
2023-01-10
#NFT
#NFT
Shaurya Malwa - CoinDesk
2023-01-10
#NFT
#NFT
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