Solana (SOL) Price, Market Cap and Information
| Solana (SOL) | Buy Solana Now |
|---|---|
 |
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions... |
| CVIX | 45 |
| Current price | $143.46 |
| Change 24h | -3.84% |
| Change 7d | -2.87% | Market Cap | $67 320 124 274 |
| Available supply | 469 262 402 SOL |
| Volume 24h | $2 082 477 512 |
| Updated | Tuesday, October 8, 2024 5:00:05PM UTC |
| Nature | Coin |
| Mineable | No |
| Discussion | |
| WWW | Website |
Solana price change 24 hours
Solana Short Term Forecast
| After | Price | Change |
| 1 day | $134.40 | -6.32% |
|---|
Solana General Information
General SOL facts, technical details and Solana Cryptocurrency information
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
What Makes Solana Unique?
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 42 in the CoinMarketCap ranking as of February 2021. The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.
The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.
How Is the Solana Network Secured?
Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it. The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
Where Can You Buy Solana (SOL)?
SOL tokens can be purchased on most exchanges. One choice to trade Solana is on Binance, as it has the highest SOL/USDT trading volume, $8,947,213 as of February 2021. Next is OKEx, with a trading volume of $6,180,82. Other options to trade Solana include Bilaxy and Huobi Global. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.
Solana Historical Data – 10 days
| Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
|---|---|---|---|---|
| Sep 29 | 156.91 | 155.56 | 159.97 | 74 720 556 606 |
| Sep 30 | 158.58 | 154.28 | 158.58 | 72 526 603 970 |
| Oct 01 | 152.52 | 144.56 | 157.14 | 67 709 537 042 |
| Oct 02 | 145.33 | 140.21 | 148.53 | 66 115 365 362 |
| Oct 03 | 140.40 | 135.00 | 142.66 | 64 144 655 745 |
| Oct 04 | 136.77 | 136.39 | 143.82 | 66 974 932 255 |
| Oct 05 | 143.17 | 141.18 | 144.65 | 66 898 946 470 |
| Oct 06 | 142.71 | 142.24 | 146.12 | 68 054 240 402 |
| Oct 07 | 146.41 | 145.50 | 150.78 | 68 280 213 996 |
| Oct 08 | 144.29 | 143.00 | 145.04 | 67 320 124 274 |
SOL/USD Price Charts
SOL to USD price chart – 7 days
SOL to USD price chart – 30 days
SOL to USD price chart – 60 days
SOL to USD price chart – 6 months
* Crypto Rating accepts no liability for any errors in the Solana information, SOL Prices and SOL's Market Cap. For the most up-to-date prices please visit the Solana's official website.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 78% | 33 | $62 493.96 | -2.03% | 0.27% | $1 235 187 237 762 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74% | 43 | $2 440.89 | -1.43% | -2.67% | $293 833 677 147 |  |
|
| 3 |  USDT |
Tether predictions | 95.2% | 1 | $0.999401 | -0.05% | -0.04% | $119 785 490 777 |  |
|
| 4 |  BNB |
Binance Coin predictions | 79.2% | 35 | $582.51 | 1.04% | 5.05% | $82 753 455 978 |  |
|
| 5 |  SOL |
Solana predictions | 76.8% | 45 | $143.46 | -3.84% | -2.87% | $67 320 124 274 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $0.999948 | -0.01% | -0.01% | $35 132 009 677 |  |
|
| 7 |  XRP |
XRP predictions | 75.6% | 43 | $0.528369 | -2.81% | -12.80% | $29 886 691 614 |  |
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| 8 |  DOGE |
Dogecoin predictions | 82% | 32 | $0.107348 | -4.77% | -1.48% | $15 703 263 095 |  |
|
| 9 |  TRX |
TRON predictions | 92% | 1 | $0.158010 | 1.13% | 2.35% | $13 679 205 992 |  |
|
| 10 |  TON |
Toncoin predictions | 81.6% | 31 | $5.21 | -1.41% | -4.12% | $13 203 874 892 |  |
|
| 11 |  ADA |
Cardano predictions | 78% | 38 | $0.346729 | -3.89% | -3.83% | $12 122 014 226 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.2% | 60 | $26.48 | -3.32% | 0.56% | $10 764 013 865 |  |
|
| 13 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 57.6% | 94 | $0.000017 | -5.28% | 4.52% | $10 196 138 980 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 95.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
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