Solana (SOL) Price

$135.49

Solana (SOL) Price Today

The live price of Solana is $135.49 USD. In the past 24 hours, the trading volume of Solana was $4.1B USD, with a change of -1.34%. The current live price of Solana has changed by -4.51% from its 7-day high of $141.88 USD and by +9.51% from its 7-day low of $123.72 USD. With a circulating supply of $599,025,058.43 SOL, the market cap of Solana is currently $73.1B USD, marking a -1.67% change in the last 24 hours. Solana currently ranks 6 by market capitalization.

Solana (SOL) Market Data

Market Cap

$70B

24h Volume

$4.1B

Circulating Supply

599M SOL

Maximum Supply

Fully Diluted Market Cap

$81.1B

Liquidity Indicator

5.90%

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About Solana (SOL)

What Is Solana (SOL) Crypto?

Solana (SOL) is a high-speed, low-cost blockchain platform designed for decentralized applications (dApps), DeFi protocols, and NFTs. It was launched in March 2020 by Solana Labs, co-founded by Anatoly Yakovenko. Solana’s standout feature is its ability to process thousands of transactions per second (TPS) with minimal fees, thanks to its unique combination of Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms.

The native cryptocurrency of the network, SOL, is used to pay for transaction fees, stake for rewards, and participate in governance. With a rapidly growing ecosystem of dApps, games, NFT marketplaces, and Web3 projects, Solana is often seen as a scalable and developer-friendly alternative to Ethereum.

How Does Solana Blockchain Work?

Solana combines a unique consensus mechanism called Proof of History (PoH) with Proof of Stake (PoS) to achieve high speed and scalability. PoH acts as a cryptographic timestamp, ordering transactions before they are validated. This drastically reduces the time needed for nodes to reach consensus. Validators then use PoS to secure the network and confirm transactions.

This architecture allows Solana to process up to 65,000 transactions per second (TPS) with low fees—typically under $0.01 per transaction—without sacrificing decentralization or security.

What Makes Solana Unique Compared to Other Blockchains?

Solana stands out in the blockchain space for its unmatched speed, low fees, and high scalability. At the core of its design is Proof of History (PoH), a unique innovation that timestamps transactions before they enter the consensus process, significantly accelerating throughput. This allows Solana to achieve faster block finality without relying on traditional block times or sharding like Ethereum or Bitcoin. As a result, the network can handle tens of thousands of transactions per second with minimal fees—often less than $0.01—making it ideal for microtransactions, gaming, and real-time decentralized applications.

Beyond performance, Solana offers a developer-friendly environment with tools like the Solana Virtual Machine (SVM) and support for popular programming languages like Rust. This makes it easy for developers to build, deploy, and scale decentralized apps (dApps). Combined, these features make Solana a compelling alternative to Ethereum, especially for projects focused on DeFi, NFTs, and Web3 gaming.

When Was Solana Network Launched?

Solana was founded in 2017 by Anatoly Yakovenko, a former engineer at Qualcomm, who introduced the concept of Proof of History to improve blockchain scalability. He was joined by co-founders Greg Fitzgerald, Stephen Akridge, and Raj Gokal. The Solana mainnet officially launched on March 16, 2020.

Key Milestones in the Solana Roadmap

• 2020: Mainnet Beta launched in March, introducing basic transaction and smart contract capabilities.

• 2021: Solana experienced significant growth during the DeFi boom, with projects like Serum and Raydium launching on the platform. NFT marketplaces such as Solanart and Magic Eden also emerged, contributing to the ecosystem's expansion.

• 2022: Solana Ventures launched a $100 million investment fund to support Korean GameFi, NFTs, and DeFi startups.

• 2023: The Solana network faced an outage in February due to a slowdown in block production after a validator software upgrade.

• 2024: Solana announced plans to double its block space and implement a new consensus algorithm to enhance network performance and reliability.

• 2025: The Firedancer validator client is expected to go live, aiming to improve network performance and reliability. Additionally, the Solana Seeker Phone, designed for crypto-centric users, is set to launch in mid-2025.

What Are the Primary Use Cases of SOL Token?

SOL is the native token of the Solana blockchain and serves several key functions. It’s primarily used to pay for transaction fees, interact with smart contracts, and support the network through staking. Validators and delegators earn rewards in SOL for helping secure the network, and the token also plays a growing role in governance proposals as Solana explores decentralized decision-making.

You can also trade SOL on BingX by creating an account, depositing USDT or other supported assets, and accessing the SOL/USDT spot market. The platform offers real-time price data and flexible order types, making it easy for both beginners and experienced traders to buy or sell SOL securely.

What Is Solana (SOL) Tokenomics?

Solana (SOL) has a dynamic tokenomics model designed to support long-term growth, network security, and user incentives. The total supply of SOL was initially capped at 500 million tokens, but it is inflationary by design, with a gradually decreasing annual inflation rate. At launch, the inflation rate was around 8%, decreasing by 15% each year until it reaches a long-term fixed rate of 1.5% annually.

The token distribution is as follows:
• 16.23% allocated to the seed sale
• 12.92% for founding team members
• 12.79% for the Solana Foundation
• 38%+ allocated to community and ecosystem incentives
• The remaining supply is split across strategic sale investors and validator rewards

How Does Solana Compare to Ethereum?

Solana and Ethereum are both powerful platforms for dApps, but they differ significantly in architecture and performance. Solana is built for speed and low-cost transactions, processing up to 65,000 transactions per second (TPS) using its unique Proof of History (PoH) combined with Proof of Stake (PoS). In contrast, Ethereum currently handles around 15–30 TPS, although upgrades like Ethereum 2.0 aim to improve scalability through sharding and rollups.

When it comes to fees, Solana offers consistently low transaction costs—often less than $0.01, making it ideal for microtransactions and high-frequency apps like gaming and NFTs. Ethereum, on the other hand, often experiences higher gas fees, especially during network congestion.

However, Ethereum leads in terms of developer adoption, DeFi volume, and ecosystem maturity. It has a broader base of tools, dApps, and enterprise use cases. Solana is catching up fast with its own robust ecosystem, but Ethereum remains the dominant smart contract platform by total value locked (TVL) and community size.

What Are the Real-World Use Cases of Solana Network?

The Solana network powers a wide range of real-world applications across various sectors, thanks to its high throughput and low transaction fees. In DeFi, Solana supports fast, low-cost trading, lending, and yield farming through platforms like Raydium, Jupiter, and MarginFi. It also hosts NFT marketplaces such as Magic Eden and Tensor, making NFT minting and trading more affordable compared to Ethereum.

In Web3 gaming, Solana enables real-time in-game transactions and NFT integration for games like Star Atlas and Aurory. The network is also expanding into mobile Web3 infrastructure with the launch of the Solana Saga and Seeker phones, which integrate crypto wallets and dApp stores for seamless on-chain experiences. Additionally, payment systems, remittances, and decentralized identity solutions are being built on Solana, showcasing its potential to support mainstream blockchain adoption.

How Secure Is the Solana Network?

The Solana network is secured through a combination of PoH and PoS, which work together to validate transactions and maintain decentralization. PoH provides a verifiable timestamp for transaction ordering, while PoS relies on a distributed set of validators who are rewarded for honest behavior and penalized for malicious actions.

While Solana offers strong cryptographic security and network-level protection, it has experienced some network outages in the past, often due to bugs or validator issues. The team is actively addressing these concerns through upgrades and the upcoming Firedancer validator client, which aims to enhance performance and reduce downtime. Overall, Solana is considered secure and reliable for most use cases, but it's still evolving to reach the same level of resilience as older networks like Ethereum.

What Are Solana's Future Prospects?

Solana's future prospects appear robust, driven by significant technological advancements, expanding institutional interest, and a growing ecosystem of decentralized applications.

Upcoming Technological Advancements in Solana

Solana is poised to enhance its network performance through several key upgrades:

• Firedancer Validator Client: Developed by Jump Crypto, this new validator client aims to significantly boost Solana's scalability, potentially increasing throughput to between 0.6 and 1.2 million transactions per second. The rollout is expected in 2025, with preliminary versions already in testing.

• Agave Validator Client: Anza, a developer shop spun out of Solana Labs, is working on the Agave client to improve network performance and reliability. Their 2025 roadmap includes plans to double Solana's blockspace and implement micro-advancements to optimize efficiency.

• Network Enhancements: Recent updates have introduced features like Stake-Weighted Quality of Service (SWQoS) to prioritize transactions from staked validators, a central scheduler for better transaction handling, and the adoption of the QUIC networking protocol to mitigate spam and DDoS attacks.

Institutional adoption of Solana is also gaining momentum. CME Group Futures: CME Group announced plans to launch Solana futures contracts, pending regulatory approval. This move is seen as a step toward the potential approval of exchange-traded funds (ETFs) tied to Solana. Asset managers like Franklin Templeton have filed for ETFs tracking the spot price of Solana, indicating growing interest in Solana-based financial products.

What Factors Impact the Solana Token Price?

The price of Solana (SOL) is influenced by a combination of network activity, technological innovation, and broader market trends. As more users and developers engage with Solana's ecosystem, through DeFi protocols, NFT platforms, and Web3 games, demand for SOL increases, driving up its value.

Upgrades like the Firedancer validator client and improvements in scalability and stability also enhance investor confidence. Additionally, institutional interest—such as CME Group’s Solana futures and ETF filings—signals growing mainstream adoption, which often translates to upward price momentum.

Beyond network fundamentals, macroeconomic conditions and crypto market sentiment also play a key role. SOL’s price often moves in tandem with Bitcoin and is affected by broader economic indicators like inflation and interest rates.

Tokenomics also matter: while SOL has an inflationary supply model, a portion of transaction fees are burned, introducing a deflationary effect that helps balance the token supply. Security and regulatory developments further influence price direction, with outages or legal uncertainty potentially dampening investor sentiment, while improved reliability and clarity can support long-term growth.

Information source

Official Website

Whitepaper

Solana (SOL) Price Converter

SOL to USD

1 SOL = $ 135.49

SOL to VND

1 SOL = ₫ 3,506,619.09

SOL to EUR

1 SOL = € 117.59

SOL to TWD

1 SOL = NT$ 4,397.19

SOL to IDR

1 SOL = Rp 2,279,471.77

SOL to PLN

1 SOL = zł 502.19

SOL to UZS

1 SOL = so'm 1,749,854.54

SOL to JPY

1 SOL = ￥ 19,070.23

SOL to RUB

1 SOL = ₽ 10,987.69

SOL to TRY

1 SOL = ₺ 5,181.23

SOL to THB

1 SOL = ฿ 4,473.88

SOL to UAH

1 SOL = ₴ 5,606.07

SOL to SAR

1 SOL = ر.س 506.22

All Solana historical price data

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Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.