$SOL
Solana (SOL) is the native cryptocurrency of the Solana blockchain, a high-performance platform designed for decentralized applications (dApps) and cryptocurrencies. Launched in 2020 by Anatoly Yakovenko, Solana aims to provide fast, low-cost transactions while maintaining scalability. Its unique consensus mechanism, Proof of History (PoH), works alongside Proof of Stake (PoS) to improve transaction speed and efficiency. Solana can handle thousands of transactions per second, making it one of the fastest blockchains in the industry. SOL is used to pay for transaction fees, stake in the network, and participate in governance. It has gained significant attention for its potential in DeFi and NFTs.
