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About SOL

Solana (SOL) is a cryptocurrency launched in 2020. SOL has a current supply of 580.90M with 464.62M in circulation. The last known price of SOL is 173.00 USD and is -0.060896992944 over the last 24 hours. It is currently trading on active market(s) with $3.35Bn traded over the last 24 hours. More information can be found at https://solana.com.

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SOL Price Statistics
SOL’s Price Today
24h Price Change
-$0.0608969929440.04%
24h Volume
$3.35Bn3.23%
24h Low / 24h High
$26.58 / $28.55
Volume / Market Cap
0.041655063873
Market Dominance
3.47%
Market Rank
#5
SOL Market Cap
Market Cap
$80.38Bn
Fully Diluted Market Cap
$100.49Bn
SOL Price History
7d Low / 7d High
$21.24 / $30.06
All-Time High
$260.06Nov 07, 2021
All-Time Low
$0.50519364May 12, 2020
SOL Supply
Circulating Supply
464.62M
Total Supply
580.90M
Max Supply
0
Updated Jul 25, 2024 9:33 am
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SOL
Solana
$173.00
$0.060896992944(-0.04%)
Mkt Cap $80.38Bn
There's nothing here for now
Planet Morning News
Planet Morning News
1. Forbes announced the 2024 Global Billionaires List. The total wealth of the 17 people on the list in the encryption industry reached US$93 billion; 2. ProShares launches two new Bitcoin ETFs: BITU and SBIT; 3. Agora, a stablecoin issuing company, completed a US$12 million seed round of financing, led by Dragonfly; 4. Blast has been launched on Uniswap, and v2 LP can obtain native income; 5. Parcl: Season 3 has ended, and the initial snapshot for the Points Trilogy has been completed; 6. CoinList Seed Spring 2024 Batch was released, and 11 projects including Aarc and BAXUS were selected; 7. Tensor: Season 3 has ended, and the TNSR token economics and governance documents will be released next week; 8. OpenSea: Supports the use of ERC721-C to execute and set creator income; 9. Paradigm is raising $750 million in new funds; 10. The U.S. government is transferring more than 30,000 BTC confiscated from Silk Road, and 2,000 BTC has been transferred to the Coinbase Prime wallet; 11. IoTeX ecosystem completed US$50 million in financing, with participation from Borderless Capital, Amber Group and others; 12. Robinhood will launch OP; 13. Fed Daley: Cutting interest rates three times this year is a reasonable baseline scenario, but this is a prediction rather than a promise; 14. BTC and ETH options with a notional value of over $1.9 billion will expire for delivery on Friday; 15. About US$24 million in stSOL could not be raised due to a code bug in Lido’s SOL pledge agreement; 16. Wormhole release roadmap: W will become a native multi-chain token and introduce a multi-chain governance system; 17. Andrew Kang: Still expecting decent returns from altcoins, but mainly limited to Meme coins; 18. Goldman Sachs executive: Doesn’t consider cryptocurrencies an investment asset class.
Apr 03, 2024 9:41 am

Frequently Asked Questions

  • What Is Solana (SOL)?

    Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

    To learn more about this project, check out our deep dive of Solana.

    The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

    Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

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  • Who Are the Founders of Solana?

    Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.

    In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.

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  • What Makes Solana Unique?

    One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.

    Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

    The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.

    Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021.

    This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $216 on Sept. 9, 2021.

    Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the "Visa of crypto." Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics.

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  • How Many Solana (SOL) Coins Are There in Circulation?

    The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.

    The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.

    Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI).

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  • How Is the Solana Network Secured?

    Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.

    Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.

    The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.

    The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.

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  • Where Can You Buy Solana (SOL)?

    SOL tokens can be purchased on most exchanges. One choice to trade Solana is on Binance, as it has the highest SOL/USDT trading volume, $753,103,225 as of September 2021.

    Next is Coinbase, with a trading volume of $343,872,841. Other options to trade Solana include Bilaxy and Huobi Global. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.

    To check Solana price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Solana currency page, or the dedicated exchange rate converter page. Popular Solana price pairs include: SOL/USD, SOL/GBP, SOL/AUD, SOL/JPY and SOL/EUR.

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

    The all-time high of SOL was 260.06 USD on 2021-11-07, from which the coin is now down 33.476889948473435%. The all-time high price of Solana (SOL) is 260.06. The current price of SOL is down 33.476889948473435% from its all-time high.

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  • How much Solana (SOL) is there in circulation?

    As of , there is currently 464.62M SOL in circulation. SOL has a maximum supply of 0.

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  • What is the market cap of Solana (SOL)?

    The current market cap of SOL is 80.38Bn. It is calculated by multiplying the current supply of SOL by its real-time market price of 173.00.

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  • What is the all-time low price of Solana (SOL)?

    The all-time low of SOL was 0.50519364 , from which the coin is now up 34144.294920260676%. The all-time low price of Solana (SOL) is 0.50519364. The current price of SOL is up 34144.294920260676% from its all-time low.

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  • Is Solana (SOL) a good investment?

    Solana (SOL) has a market capitalization of $80.38Bn and is ranked #5 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Solana (SOL) price trends and patterns to find the best time to purchase SOL.

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