SOL

SolanaSOL

Rank #7
Coin
On 608,393 watchlists

Solana Price (SOL)

$138.58
9.91%

0.003158 BTC3.63%

0.04465 ETH1.90%

Low:$127.52
High:$143.00
24h
SOL  Solana SOL
Price:
$138.58
 9.91%
Market Cap
$41,216,347,838
9.96%
Fully Diluted Market Cap
$70,000,133,479
9.91%
Volume
24h
$2,467,027,708
16.35%
Volume / Market Cap
0.05986
Circulating Supply
297,417,619.13 SOL
Max Supply
--
Total Supply
505,121,733
Sponsored

Solana to USD Chart

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SOL Price Live Data

The live Solana price today is $138.58 USD with a 24-hour trading volume of $2,467,027,708 USD. We update our SOL to USD price in real-time. Solana is up 9.91% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $41,216,347,838 USD. It has a circulating supply of 297,417,619 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, Mandala Exchange, OKEx, and FTX. 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.

To learn more about this project, check out our deep dive of Solana.

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 7 in the CoinMarketCap ranking as of September 2021.

This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $216 on Sept. 9, 2021.

Read more about Steem.

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Learn more about Decentralized Finance (DeFi).

Curious about the crypto space? Read our educational section — Alexandria.

Want to keep track of Solana prices live? Download the CoinMarketCap mobile app!

Want to convert Solana price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.

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.

Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI).

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, $753,103,225 as of September 2021.

Next is Coinbase, with a trading volume of $343,872,841. Other options to trade Solana include FTX, 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.

To check Solana price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Solana currency page, or the dedicated exchange rate converter page. Popular Solana price pairs include: SOL/USD, SOL/GBP, SOL/AUD, SOL/JPY and SOL/EUR.

SOL to USD Converter

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SOL

Solana

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USD

United States Dollar

SOL Price Statistics

Solana Price Today
Solana Price$138.58
Price Change24h$12.49
9.91%
24h Low / 24h High
$127.52 /
$143.00
Trading Volume24h$2,467,027,708.19
16.35%
Volume / Market Cap0.05986
Market Dominance2.12%
Market Rank#7
Solana Market Cap
Market Cap$41,216,347,838.46
9.96%
Fully Diluted Market Cap$70,000,133,478.80
9.91%
Solana Price Yesterday
Yesterday's Low / High
$125.12 /
$140.78
Yesterday's Open / Close
$136.22 /
$135.70
Yesterday's Change

0.38%

Yesterday's Volume$2,674,182,808.76
Solana Price History
7d Low / 7d High
$116.34 /
$152.36
30d Low / 30d High
$90.99 /
$214.96
90d Low / 90d High
$22.18 /
$214.96
52 Week Low / 52 Week High
$1.09 /
$214.96
All Time High
Sep 09, 2021 (18 days ago)
$214.96
35.53%
All Time Low
May 11, 2020 (a year ago)
$0.5052
27333.42%
Solana ROI

62891.24%

Solana Supply
Circulating Supply297,417,619 SOL
Total Supply505,121,733 SOL
Max SupplyNo Data