Solana is a high-performance layer 1 blockchain that prioritizes low fees, scalability, and fast transaction finality. The network uses a proof of stake (PoS) consensus mechanism coupled with its own proprietary Proof of History (PoH) consensus mechanism. The network has smart contract capabilities, which allow for dApps, DeFi, and NFTs. Tokens built on Solana are SPL tokens, whereas Ethereum tokens utilize the ERC20 standard. SOL is the native token of the network and used to pay nodes in a cluster to run onchain programs, validate their outputs, stake/secure the network, and transact. Solana smart contracts support code in Rust and C/C++.
Live Solana price updates and the latest Solana news.
The live Solana price today is $108.04 USD with a 24-hour trading volume of $26.68M USD. The table above accurately updates our SOL price in real time. The price of SOL is up 0.55% since last hour, down -4.19% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $1.08 USD. SOL has a circulating supply of 440.84M coins and a max supply of 570.04M SOL.
What is Solana?
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by Tricia Lin
After the launch of a spot BTC ETF, all eyes are on Ethereum for a potential spot ETF approval in May 2024. This approval would be monumental, as asset managers could potentially stake custodied ETH to earn a passive return, which could usher in new institutional demand for the asset. The liquid staking sector shows particular promise as one way to capture higher beta returns alongside ETH, particularly due to liquid staking protocols' cash flows.
What is the market cap of Solana?
The current market cap of Solana is $47.58B. A high market capitalization implies that the asset is highly valued by the market.
What is the current trading activity of Solana?
Currently, 2.82B of SOL were traded within 24 hours of time. In other words, 2.82B have changed hands within the past 24 hours through trading. That's a change of -4.19%.
What is the current price of Solana?
The price of 1 Solana currently costs $108.04.
How many Solana are there?
The current circulating supply of Solana is 440.84M. This is the total amount of SOL that is available.
What is the relative popularity of Solana?
Solana (SOL) currently ranks 5 among all known cryptocurrency assets. The popularity is based on relative market cap.