The price of Solana (SOL) has increased today.

Today the price of Solana (SOL) is $69.07 . Trading volume for 24 hours - $2,114,698,459.53 . The price has increased by 2.11% in the last 24 hours and increased by 8.81% in the last 7 days. There are currently 427.41 million SOL in circulation. Solana's market capitalization is $29,204,995,057 .

What is Solana? (SOL)

Crypto Solana is a high throughput blockchain based on Proof of History (PoH) and Proof of Stake (PoS) consensus. Created by a team of network engineers, Solana aims to be the blockchain infrastructure for modern Internet applications.

Solana is a general purpose blockchain similar to Ethereum. It has a different technical component, so developers write applications using Rust rather than Solidity or Vyper. End-user applications currently include decentralized finance (DeFi), non-fungible tokens (NFTs), marketplaces, games and more.

One of the main features of Solana is its scalability, thanks to which it is capable of processing more than 700,000 transactions per second. Its high throughput attracts high-frequency traders led by FTX and Alameda Research. The first example of a DeFi application on Solana is Serum, created by the team behind FTX.

Solana's native currency is SOL. Solana (SOL) is used to pay transaction fees and staking to support the network.

With the advent of multi-chain and increased adoption of DeFi and NFTs, Solana has managed to capture a larger share of the market. Developers were attracted by the technical basis and began creating decentralized applications.

What is the daily trading volume for Solana (SOL)?

Solana (SOL) trading volume over the last 24 hours is $2,114,698,452 . This figure decreased by -17.80% compared to a day ago, indicating a recent drop in market activity.

What is the all-time high price for Solana (SOL)?

The maximum price of Solana (SOL) of $259.96 was recorded on Nov. 06, 2021 (about 2 years). The current price is -73.79% lower.

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