$SOL Solana (SOL) Token Overview

Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. Known for its speed and scalability, Solana can process over 65,000 transactions per second with minimal fees. This capability is achieved through its innovative Proof of History (PoH) consensus mechanism, which works alongside Proof of Stake (PoS).

Launched in 2020, Solana quickly became popular among developers and investors for its ability to handle large-scale applications without compromising performance. SOL, the native token, is used for transaction fees, staking, and participating in governance. Its low costs and efficiency make it a preferred choice for DeFi, NFTs, and Web3 projects.

Solana's ecosystem continues to expand, attracting significant attention for its role in the future of blockchain technology.