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Solana (SOL) Price, Market Cap and Information


Solana (SOL) Buy Solana Now
Solana (SOL) Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions...
CVIX 44
Current price $32.97
Change 24h 5.40%
Change 7d 14.96%
Market Cap $8 990 079 890
Available supply 272 637 428 SOL
Volume 24h $630 693 352
Updated Saturday, July 31, 2021 1:00:16AM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Solana price change 24 hours

Solana Short Term Forecast

After Price Change
1 day $37.44 13.53%

Solana Price Predictions

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, $
Jul 22 26.62 25.97 27.96 7 491 808 454
Jul 23 27.70 26.54 28.57 7 575 024 654
Jul 24 28.51 28.23 29.36 7 753 808 679
Jul 25 28.70 26.86 28.70 7 561 883 164
Jul 26 28.17 28.17 30.87 7 774 489 219
Jul 27 28.31 27.11 28.85 7 661 422 633
Jul 28 28.07 27.51 28.60 7 514 325 587
Jul 29 27.82 27.60 31.51 8 497 586 451
Jul 30 31.28 30.33 32.85 8 804 482 942
Jul 31 32.39 32.39 32.97 8 990 079 890

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 Volume 24h
1 Bitcoin (BTC) BTC Buy Bitcoin predictions 75.2% 45 $41 941.77 5.02% 25.00% $787 317 825 123 $34 220 579 663
2 Ethereum (ETH) ETH Buy Ethereum predictions 68.8% 56 $2 459.80 2.82% 16.62% $287 570 009 809 $20 164 478 699
3 Tether (USDT) USDT Buy Tether predictions 92.4% 1 $1.00 -0.01% 0% $61 803 108 591 $59 803 264 286
4 Binance Coin (BNB) BNB Binance Coin predictions 84.4% 30 $322.99 2.04% 8.58% $54 306 903 279 $1 624 903 247
5 Cardano (ADA) ADA Cardano predictions 71.6% 55 $1.32 2.03% 9.15% $42 274 415 763 $1 650 502 574
6 XRP (XRP) XRP XRP predictions 76.4% 49 $0.754411 0.49% 24.30% $34 938 639 812 $3 303 526 384
7 Dogecoin (DOGE) DOGE Buy Dogecoin predictions 73.6% 58 $0.210589 2.84% 9.28% $27 514 099 897 $1 676 348 423
8 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $0.999650 -0.05% -0.02% $27 305 463 009 $2 803 132 088
9 Polkadot (DOT) DOT Buy Polkadot predictions 66.4% 69 $15.98 5.34% 21.14% $15 658 211 326 $1 193 525 919
10 UniSwap (UNI) UNI UniSwap predictions 68.4% 57 $20.99 5.51% 13.16% $12 331 430 363 $526 250 775
11 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999592 -0.05% -0.04% $12 280 736 630 $4 665 596 575
12 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 68.4% 59 $554.49 2.45% 21.58% $10 426 598 540 $2 000 241 547
13 Chainlink (LINK) LINK Chainlink predictions 67.2% 66 $22.20 14.12% 33.84% $9 834 176 039 $1 818 936 164
14 Litecoin (LTC) LTC Litecoin predictions 74% 53 $146.17 3.81% 16.65% $9 757 451 946 $1 628 339 161
15 Solana (SOL) SOL Solana predictions 76% 44 $32.97 5.40% 14.96% $8 990 079 890 $630 693 352

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