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 | 71 |
| Current price | $143.88 |
| Change 24h | 5.45% |
| Change 7d | -4.82% | Market Cap | $64 337 157 527 |
| Available supply | 447 165 539 SOL |
| Volume 24h | $2 063 307 089 |
| Updated | Sunday, April 28, 2024 7:00:09AM UTC |
| Nature | Coin |
| Mineable | No |
| Discussion | |
| WWW | Website |
Solana price change 24 hours
Solana Short Term Forecast
| After | Price | Change |
| 1 day | $138.40 | -1.61% |
|---|
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, $ |
|---|---|---|---|---|
| Apr 18 | 131.81 | 129.51 | 142.82 | 63 816 381 309 |
| Apr 19 | 142.09 | 131.68 | 146.53 | 64 503 249 585 |
| Apr 20 | 142.92 | 141.04 | 151.58 | 66 824 099 408 |
| Apr 21 | 151.22 | 149.10 | 151.82 | 67 439 544 555 |
| Apr 23 | 158.41 | 155.37 | 159.52 | 69 459 114 503 |
| Apr 24 | 154.72 | 147.07 | 159.18 | 65 745 845 888 |
| Apr 25 | 147.75 | 143.73 | 148.82 | 64 985 951 199 |
| Apr 26 | 144.92 | 138.94 | 144.92 | 62 127 976 008 |
| Apr 27 | 139.24 | 134.92 | 142.13 | 62 842 944 156 |
| Apr 28 | 141.57 | 141.57 | 143.88 | 64 337 157 527 |
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 | 86% | 22 | $63 956.43 | 1.55% | -1.77% | $1 259 379 983 645 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 80.8% | 40 | $3 320.30 | 6.29% | 4.44% | $405 253 278 778 |  |
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| 3 |  USDT |
Tether predictions | 92.8% | 1 | $0.999436 | -0.01% | -0.10% | $110 500 546 354 |  |
|
| 4 |  BNB |
Binance Coin predictions | 85.2% | 23 | $599.28 | 0.99% | 3.50% | $88 423 334 700 |  |
|
| 5 |  SOL |
Solana predictions | 64.8% | 71 | $143.88 | 5.45% | -4.82% | $64 337 157 527 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.4% | 2 | $1.000036 | 0% | 0% | $33 486 979 809 |  |
|
| 7 |  XRP |
XRP predictions | 69.2% | 67 | $0.524499 | 1.48% | -1.36% | $28 971 178 250 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 65.2% | 71 | $0.150210 | 3.25% | -8.26% | $21 640 248 108 |  |
|
| 9 |  TON |
Toncoin predictions | 72% | 60 | $5.53 | 5.95% | -11.06% | $19 208 427 548 |  |
|
| 10 |  ADA |
Cardano predictions | 63.2% | 77 | $0.476915 | 4.21% | -6.03% | $16 996 554 351 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 62.4% | 82 | $0.000025 | 1.59% | -8.51% | $14 792 673 397 |  |
|
| 12 |  AVAX |
Avalanche predictions | 61.2% | 81 | $34.92 | 1.97% | -8.38% | $13 212 138 582 |  |
|
| 13 |  TRX |
TRON predictions | 84% | 21 | $0.121002 | 1.10% | 9.00% | $10 594 898 130 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 85.6% | 18 | $0.120567 | 1.09% | 8.57% | $10 556 820 953 |  |
|
| 15 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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