Solana Price (SOL)

Solana (SOL) serves as the native cryptocurrency of the Solana network, facilitating payments, covering network transaction fees, and supporting the development and operation of decentralized applications (dApps). The Solana blockchain is renowned for its high scalability and speed, which makes it particularly suitable for enterprise-level applications and building large-scale decentralized services. The real-time price of SOL is available on EXMON.

Solana combines Proof-of-History (PoH) and Proof-of-Stake (PoS) to ensure quick and effective transaction validation. PoH creates a verifiable timestamp for every transaction, enabling validators to synchronize on the correct order and timing of events. PoS allows validators to participate by staking SOL tokens, with their selection based on the staked amount. By merging PoH with PoS, Solana provides an efficient, secure, and scalable method for transaction verification, resulting in high-speed and safe transactions.

Solana was created by Anatoly Yakovenko, a Russian-born US citizen. The project’s co-founder and current COO, Raj Gokal, is a passionate developer, investor, and creator. Gokal and Yakovenko reconnected in 2017 over a coffee meeting, which sparked the development of the Solana network soon after.

SOL has an unlimited supply, but 50% of tokens from each transaction are burned. Currently, just under 479 million SOL tokens are in circulation.

Solana and Ethereum offer similar functionalities, but the choice between them depends on specific needs. Solana has higher throughput and faster transaction speeds, addressing some of Ethereum's limitations. However, both networks can be evaluated based on factors like dApp availability, transaction times, and user base.

Solana (SOL) can be easily purchased using a debit or credit card directly on EXMON. You can also trade SOL for other cryptocurrencies on the EXMON exchange. The live SOL price is updated in real-time. For detailed instructions, check out our How to Buy Solana (SOL) Guide.

Visit our Solana Price Prediction page to explore potential future price targets. Please note that the data displayed reflects user input and not EXMON's opinion.

If you're looking for the current price of Solana, you can find the live price updated in real-time on EXMON.