Solana
$104.45
$2.20(-2.06%)Past Week
Statistics
1 Week Range
Market Cap Rank
#7
Market Cap
$61,115,470,685
Market Dominance
2.28%
24 Hour Volume
$3,806,862,092
Circulating Supply
585,120,784.3310469
Max Supply
∞
Historical Data
24 Hour
2.06%7 Day
9.53%14 Day
37.68%30 Day
45.38%60 Day
29.60%1 Year
49.03%All-Time Range
$0.500801
May 11, 2020
$293.31
Jan 19, 2025
All-Time Low %
20.8K%
Since All-Time Low
2,303 Days
All-Time High %
64.39%
Since All-Time High
589 Days
Genesis Date
—
Community Sentiment
Sentiment Votes
65%
Bullish
35%
Bearish
Currency Converter
About Solana
Solana is a high-performance Layer 1 blockchain designed for mass adoption by providing a fast, secure, and low-cost environment for decentralized applications. It distinguishes itself by scaling globally without the use of complex sharding or multiple layers, instead maintaining a single, unified ledger to avoid liquidity fragmentation. This architecture allows it to process thousands of transactions per second with sub-second finality, often at a cost of less than a penny per transaction.
The network operates on a unique hybrid model that combines Proof of Stake with an innovation called Proof of History, which functions as a decentralized clock to timestamp transactions. This system reduces the need for constant node communication, allowing the Sealevel engine to run non-conflicting smart contracts in parallel across multiple CPU cores. Further efficiency is gained through the Gulf Stream protocol, which reduces confirmation times by forwarding transactions to validators before the current block is finished.
Founded in 2017 by Anatoly Yakovenko, Solana is now supported by the Switzerland-based Solana Foundation and significant institutional investors like Andreessen Horowitz and Polychain Capital. The platform’s native token, SOL, serves as the primary currency for paying transaction fees, participating in network governance, and securing the system through staking.
Solana has also seen significant institutional adoption ranging from spot Solana ETFs to major partnerships including Visa's 2025 launch of USDC settlement on the network and the tokenization of public equity by firms like Galaxy Digital.