$SOL SOL — is the native cryptocurrency of the Solana blockchain, which has become popular due to its high transaction speeds and low fees. Solana is designed for scalable decentralized applications (dApps) and stands out from other blockchains with its unique architecture.

Features of SOL and Solana:

1. Speed and Scalability

• Solana processes up to 65,000 transactions per second (TPS), significantly outperforming most other blockchains.

• Low latency and minimal transaction cost (around $0.00025).

2. Proof of History (PoH) Technology

• A key innovation of Solana — Proof of History, which optimizes the transaction validation process and node synchronization.

3. Use of SOL

• Payment of transaction fees.

• Staking to ensure network security.

• Usage in DeFi applications, NFT platforms, and other dApps.

4. Decentralization

• Solana uses a scalability model without sacrificing decentralization.

5. Popularity in DeFi and NFT

• The platform actively develops NFT marketplaces (Magic Eden, SolSea) and DeFi projects (Serum, Raydium).