SOL

SolanaSOL

Rank #16
Coin
On 175,073 watchlists

Solana Price (SOL)

$43.85
1.73%

0.0007691 BTC3.09%

0.01275 ETH3.94%

Low:$42.99
High:$45.93
24h
SOL  Solana SOLPrice: $43.85 1.73%
Market Cap
$11,954,697,363
1.73%
Fully Diluted Market Cap
$21,683,842,058
1.73%
Volume
24h
$462,693,091
24.76%
Volume / Market Cap
0.0387
Circulating Supply
272,637,428 SOL
Max Supply
--
Total Supply
494,519,162

Solana Chart

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SOL Price Live Data

The live Solana price today is $43.85 USD with a 24-hour trading volume of $462,693,091 USD. Solana is up 1.73% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $11,954,697,363 USD. It has a circulating supply of 272,637,428 SOL coins and the max. supply is not available.

If you would like to know where to buy Solana, the top exchanges for trading in Solana are currently Binance, Huobi Global, OKEx, FTX, and MXC.COM. You can find others listed on our crypto exchanges page.

What Is Solana (SOL)?

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.

Who Are the Founders of Solana?

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.

Read more about Steem.

Check out Marlin.

Learn more about Decentralized Finance (DeFi).

Have a look at the CoinMarketCap blog.

How Many Solana (SOL) Coins Are There in Circulation?

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.

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SOL

Solana

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USD

United States Dollar

SOL Price Statistics

Solana Price Today
Solana Price$43.85
Price Change24h$0.747
1.73%
24h Low / 24h High
$42.99 /
$45.93
Trading Volume24h$462,693,091.20
24.76%
Volume / Market Cap0.0387
Market Dominance0.51%
Market Rank#16
Solana Market Cap
Market Cap$11,954,697,362.62
1.73%
Fully Diluted Market Cap$21,683,842,057.84
1.73%
Solana Price Yesterday
Yesterday's Low / High
$42.32 /
$45.93
Yesterday's Open / Close
$42.64 /
$44.92
Yesterday's Change

5.36%

Yesterday's Volume$503,781,974.70
Solana Price History
7d Low / 7d High
$40.95 /
$49.90
30d Low / 30d High
$21.54 /
$49.84
90d Low / 90d High
$5.71 /
$49.90
52 Week Low / 52 Week High
$0.5052 /
$49.90
All Time High
May 02, 2021 (4 days ago)
$49.90
12.12%
All Time Low
May 11, 2020 (a year ago)
$0.5052
8580.21%
Solana ROI

19833.44%

Solana Supply
Circulating Supply272,637,428 SOL
Total Supply494,519,162 SOL
Max SupplyNo Data