$SOL

- Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.

- The Solana protocol is designed to facilitate decentralized app (DApp) creation.

- The protocol aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

- The hybrid consensus model attracts interest from both small-time and institutional traders.

- A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

- The Solana protocol is designed to serve both small-time users and enterprise customers, aiming to make decentralized finance accessible on a larger scale.

- Solana is a decentralized computing platform that uses SOL to pay for transactions.

- Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history.