|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...|
|Change 7d||4.85%||Market Cap||$11 957 820 597|
|Available supply||354 780 865 SOL|
|Volume 24h||$930 868 862|
|Updated||Thursday, September 29, 2022 10:00:10AM UTC|
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.
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.
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.
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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 20||32.73||31.66||32.73||11 204 294 588|
|Sep 21||31.44||30.60||33.12||10 834 930 281|
|Sep 22||30.84||30.64||32.55||11 468 953 045|
|Sep 23||32.35||31.51||33.70||11 945 924 673|
|Sep 24||33.67||33.44||34.52||11 857 943 176|
|Sep 25||33.47||32.30||33.96||11 498 411 030|
|Sep 26||32.34||32.07||33.84||11 868 855 504|
|Sep 27||33.88||32.58||35.07||11 617 198 534|
|Sep 28||32.76||32.05||33.65||11 793 463 160|
|Sep 29||33.24||33.05||33.82||11 957 820 597|
* 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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||87.6%||23||$19 477.75||4.45%||1.63%||$373 264 823 304|
|2||ETH||Ethereum predictions||66.8%||71||$1 335.97||4.93%||3.54%||$163 755 405 431|
|3||USDT||Tether predictions||92.8%||1||$1.000060||0.01%||0%||$67 960 262 498|
|4||USDC||USD Coin predictions||96%||1||$1.000123||0.01%||0.01%||$48 707 702 464|
|5||BNB||Binance Coin predictions||86%||15||$280.78||4.22%||4.60%||$45 299 859 595|
|6||XRP||XRP predictions||59.6%||83||$0.440273||4.36%||3.80%||$21 969 915 706|
|7||BUSD||Binance USD predictions||90.8%||1||$1.000647||0.05%||-0.01%||$21 055 852 896|
|8||ADA||Cardano predictions||80%||35||$0.437309||2.31%||-3.28%||$14 973 500 079|
|9||SOL||Solana predictions||81.2%||31||$33.70||5.17%||4.85%||$11 957 820 597|
|10||STETH||Lido stETH predictions||93.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||DOGE||Dogecoin predictions||88.4%||16||$0.060417||1.68%||2.72%||$8 015 516 955|
|12||DOT||Polkadot predictions||70.8%||55||$6.44||2.66%||0.22%||$7 223 798 979|
|13||DAI||Dai predictions||94%||1||$0.999736||0.02%||-0.07%||$6 861 849 280|
|14||MATIC||Polygon predictions||69.6%||62||$0.745555||3.08%||-0.82%||$6 511 915 521|
|15||WTRX||Wrapped TRON predictions||94.4%||5||$0.060062||1.88%||0.71%||$6 106 889 160|
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