Solana
Current price
$102.28
−4.35%24h
LiveUpdated 26s ago
TodaySolana falls 4.3%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.63%
- 24 hours−4.35%
- 7 days−10.60%
- 30 days+1.54%
- 1 year−46.87%
Solana's move in context
Lagging the market today
−4.35% today against −3.26% for the market as a whole, a gap of 1.1 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−10.6% over 7 days and +1.5% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Solana
Overview of Solana
Solana is a pioneering open-source project that has been crafted to harness the full potential of blockchain technology. It aims to deliver decentralized finance (DeFi) solutions by capitalizing on the permissionless nature of blockchain. What makes Solana stand out in the crowded cryptocurrency space is its commitment to providing a high-performance, scalable, and low-cost network, making it an attractive platform for developers and users seeking efficiency and speed.
The journey of Solana began in 2017 when the initial ideas and groundwork for the project were laid out. After years of development and refinement, Solana was officially launched in March 2020, under the stewardship of the Solana Foundation, which is based in Geneva, Switzerland. The foundation plays a crucial role in overseeing the development and promotion of the Solana network, ensuring its growth and alignment with the broader goals of the blockchain community.
Unique Consensus Mechanism: Proof of History (PoH)
One of the most distinctive features of Solana is its innovative consensus mechanism known as Proof of History (PoH). Unlike traditional consensus algorithms like Proof of Work (PoW) or Proof of Stake (PoS), PoH introduces a new way of encoding the passage of time into the blockchain itself. This allows Solana to achieve unprecedented transaction speeds, capable of processing thousands of transactions per second (TPS). The result is a highly scalable network that can handle a vast number of transactions without experiencing bottlenecks or delays.
The efficiency of PoH not only boosts the network’s speed but also contributes to reducing transaction costs, making Solana one of the most cost-effective blockchain platforms available. This is particularly important for decentralized applications (dApps) and DeFi projects, where high transaction fees can be a significant barrier to adoption.
Vibrant Ecosystem
Solana’s ecosystem is rapidly expanding, with a diverse array of decentralized applications (dApps) and projects being built on the platform. These range from financial services and decentralized exchanges (DEXs) to gaming, non-fungible tokens (NFTs), and beyond. The platform’s ability to handle complex smart contracts and high-frequency transactions makes it a preferred choice for developers looking to create robust and scalable applications.
The Solana ecosystem is supported by a growing community of developers, validators, and users, all contributing to the network’s ongoing success. The Solana Foundation actively encourages innovation by providing resources, grants, and support to projects that align with its vision of creating a more decentralized and efficient financial system.
Global Impact and Future Potential
As Solana continues to evolve, its impact on the global blockchain and DeFi landscapes is becoming increasingly significant. The platform’s combination of speed, scalability, and low costs positions it as a key player in the future of digital finance. By lowering the barriers to entry for developers and users alike, Solana is fostering a more inclusive and accessible financial ecosystem.
Looking ahead, Solana’s roadmap includes further enhancements to its network infrastructure, increased interoperability with other blockchains, and continued expansion of its ecosystem. The platform is also exploring new use cases and partnerships that could extend its reach beyond DeFi, into areas such as decentralized governance, data storage, and more.
In conclusion, Solana is more than just a blockchain platform; it is a transformative force in the world of decentralized finance. With its unique technological innovations and a strong commitment to community and ecosystem development, Solana is well-positioned to lead the next wave of blockchain adoption and innovation.
Solana market
- Position by market cap among the coins we track.
- #7
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $60.27B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $101.51High $107.86
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $294.73
- Now 35% of itReached 19 Jan 2025 · Needs +188% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 589.27M SOL
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 635.84M SOL
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Solana converter
1 Solana = $102.28
