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Solana

Solana SOL

Coin
Solana Price (SOL)
$33.04
2.15% Buy SOL

0.0249 ETH

0.0017 BTC

Low: $32.68
High: $33.82
24h
Market Cap
$11,753,351,342
2.15%
Fully Diluted Market Cap
$16,880,103,560
2.15%
Volume
24h
$663,025,870
0.87%
Volume / Market Cap
0.0564
Circulating Supply
355,724,818 SOL
Max Supply
--
Total Supply
511,616,946
Solana SOL
Price: $33.04
2.15% Buy SOL
Solana (SOL) Social Signals & Traffic Tracker
Solana twitter
Twitter Stats
@solana

Followers

2,051,528

0.32%

Following

1,546

0.00%

Tweet count

5,403

0.24%

Joined at Jan 11, 2018
Solana reddit
Reddit Stats
r/solana

Subscribers

153,501

0.19%

Subreddit type

public

Moderators

10

0.00%

Joined at Mar 27, 2018
Solana telegram
Telegram Stats

Currently, official Solana Telegram account doesn’t exist or wasn’t submitted. 🔆

Solana traffic
Website Traffic
solana.com

Website Rating (DR)

82 / 100

0.00%

Ahrefs Rank

8,392

2.37%

Organic Traffic (mo.)

65,014

32.32%

Solana github
GitHub Organization
solana-labs

Public repos

109

Type

Organization

Created at Jan 19, 2018
Solana github
GitHub Repository

Currently, official Solana GitHub account doesn’t exist or wasn’t submitted. 🔆

Solana Price statistics

Solana Price
$33.04
Price change 24h
-$0.7104
2.15%
24h Low / 24h High
$32.68 /
$33.82
All Time High
Nov 06, 2021 (11 months 1 day ago)
$260.06
87.30%
All Time Low
May 11, 2020 (2 years 4 months ago)
$0.5052
6,440.18%
Trading Volume 24h
$663,025,870
0.87%
Volume / Market Cap
0.0564
Market Dominance
1.20%
Market Rank
#9
Market Cap
$11,753,351,342
2.15%
Fully Diluted Market Cap
$16,880,103,560
2.15%

Live SOL Price Analysis

The current real time Solana price is $33.04, and its trading volume is $663,025,870.47 in the last 24 hours. SOL price has plummeted by 2.15% in the last day, and decreased by 3.11% in the last 7 days. It’s important to note that current Solana market capitalization is $11,753,351,341.52, Talking about circulating supply, SOL has 355,724,818 coins. Currently, Solana rank on the market is #9.

Solana price today is 87.30% below all time high, and it is 6,440.18% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling SOL are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Solana (SOL)?

Solana is an open-source blockchain that has an especially high throughput. The main functionality of Solana is the creation of decentralized applications (dApps), smart contracts, and other projects. SOL is the native token of the network. Take a look at the Solana price chart above to see the current SOL price.

In essence, Solana is really similar to Ethereum. It’s like an alternative to Ethereum that offers more advanced scalability features and extremely fast transaction speeds. Ethereum can handle 40 transactions per second while Solana can handle up to almost 70,000 transactions per that same second.

Solana network employs a unique consensus model created specifically for the Solana blockchain that is called Proof-of-History (PoH). It also incorporates the well-known Proof-of-Stake (PoS) mechanism. Though, essentially, ​​Proof-of-History could be simply perceived as an improved version of Proof-of-Stake.

PoH was developed by the founder of the Solana himself – Anatoly Yakovenko. The protocol's structure ensures scalability and quick processing while maintaining low transaction costs. It’s responsible for transaction processing. 

Essentially, PoH records successfully completed operations and the interval between them. The time-based consensus method does not require confirmation of a transaction by all network nodes. Verifying that event A occurred prior to event B is all that is required. Each block sequence that is generated by the PoH processes is then validated by PoS, which is utilized as a monitoring tool for those operations.

​​Thus, the timestamp on each block can be reliably checked and verified because of this unique consensus mechanism used by Solana. A strategy like this cuts down on the amount of time needed to stop other participants from producing identical blocks. Besides, it drastically reduces the amount of time needed to validate a transaction or a smart contract.

The Developers of Solana

The story of Solana began in 2017 when Anatoly Yakovenko started constructing the network. He firstly released a whitepaper that described the new Proof-of-History consensus mechanism. Together with Greg Fitzgerald, Yakovenko founded the Solana Labs project. Soon after, Raj Gokal and Stephen Akridge joined the endeavor, and the four of them launched Solana blockchain in March 2020.

What Is SOL?

As mentioned before, SOL is the native token of the Solana blockchain. Essentially, the main purpose of SOL is to be a payment method for transaction fees

Though it also serves as a governance token. Nodes can stake (or lock) SOL tokens in order to take part in governance and improve their chances of being selected to create blocks. Besides that, token holders have the option of assigning their SOL coins to other validators, giving them access to their votes in exchange for a share of the block rewards.

In order to hold SOL tokens, it’s necessary to have a crypto wallet. Solana supports a variety of wallets. For more experienced users Solana suggests utilizing Command Line Wallets, which support several wallet kinds. For regular users, on the other hand, Solana suggests using Ledger Live, Binance Wallet, or Ledger Nano S.

Tokenomics of SOL

SOL is inflationary, which means that it doesn’t have a fixed token supply. The biggest portion of the initial Solana token supply is dedicated to public and private sales as well as a release to the crypto market. The remaining portion was dedicated to the initial seed sale, a founding sale, the Solana Foundation, and the team behind Solana. In 2018, during the initial SOL seed sale, the Solana price was $0.04.

Overall, due to a remarkable bull market, the SOL price increased by almost 700% in 2021. After that, the blockchain experienced a surge in popularity which brought SOL next to other huge cryptocurrencies in the crypto market.

Besides, a huge impact on the Solana price was made by the debut of the Degenerate Ape NFT collection. Mostly due to the growth of the NFTs and gaming vertical and increased developer activity on the Solana network.

However, the SOL price and Solana’s ambitions to become the "Visa of crypto" were affected due to the numerous disruptions experience by the blockchain. Additionally, It was claimed that Solana used unethical tokenomics to benefit venture capital investors. As of February 2022, this has led to a retracement in the Solana price.

In any case, SOL is still a widely used cryptocurrency that is a strong rival to other leading cryptocurrencies.

What's Solana trading volume in the last 24 hours?

SOL has a trading volume of $663,025,870.47 in the last 24 hours.

What's Solana highest price ever?

SOL has a highest price of $260.06, which was reached on Nov 06, 2021 (11 months 1 day ago).

What's Solana lowest price ever?

SOL has a lowest price of $0.5052, which was reached on May 11, 2020 (2 years 4 months ago).

What are the best exchanges for buying and selling SOL?

Currently, the most active and dominating exchanges for buying and selling Solana are Binance, Kraken & Kucoin. The most popular Solana trading pairs are SOL/USDT (on Binance ), SOL/BUSD (on Binance ), SOL/USD (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping SOL?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Solana. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Solana project's Circulating Supply has been verified and is equal to:

Circulating Supply

355,724,818 SOL

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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