Solana SOL
1. Summary
- Price
-
$237.03 +1.5%
- Market Cap
- $112.36B (#3)
- Supply
- 474.61M / 588.66M
- Description
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Solana is a quick and secure censorship-resistant blockchain intended to provide an open infrastructure deemed as a requirement in regard to global adoption. It is an open-source project and provides decentralized finance (DeFi) solutions.
Solana is a quick and secure censorship-resistant blockchain intended to provide an open infrastructure deemed as a requirement in regard to global adoption. It is an open-source project and provides decentralized finance (DeFi) solutions.
The Solana Protocol is designed to help facilitate decentralized applications (dApps) development, with the intention of improving the scalability, through introducing a proof-of-history (PoH) consensus mechanism that is combined with a proof-of-stake consensus (PoS) in the blockchain itself.
Solana essentially solves high fees as well as transaction times through the combination of both consensus mechanisms.
The SOL Token Explained
The SOL token is the native currency that is used on Solana. In terms of its functionality, it is used for paying transaction fees on the Solana Network, and tokens are burned with each transaction, where the Solana token holders can stake their Sol in order to become a validator node.
Features of The Solana Project
Solana features certain key functionalities and features that make it stand out when compared to other projects out there.
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Tower BFT – This is a feature that improves responsiveness by allowing the validators on the network to vote on the state of the ledger.
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Gulf Stream – This is a feature that allows the network to forward the transactions to validators before the current block of transactions is finished with approvals, with the end goal of improving confirmation times and reducing memory pressure on validators.
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Sealevel -This is a feature that provides the network with the function to execute smart contracts in parallel. It is the only chain that supports it in a single shard.
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Pipelining – This is a function that allows for efficient optimization of transaction validation. It essentially assigns a stream of input data, and this data is processed through sequential steps with separate hardware for each individual step.
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Turbine -This is a type of technology that can take data and break it into smaller pieces. This results in less bandwidth usage.
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Cloudbreak – This is the network’s account database.
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Archivers – These can be seen as hardware storage mechanisms that enable quick access to the information stored on the network itself.
Founders of Solana (SOL)
The Solana Project was founded by Anatoly Yakovenko, who originally worked at Qualcomm where he started his career and moved up the ladder to become a senior staff engineering manager. Throughout time, he transitioned to become a software engineer at Dropbox. In 2017, he started working on a project, that would, over time, become Solana. To do this efficiently, he sought out the help of Greg Fitzgerald, a former colleague at Qualcomm, where they founded Solana Labs. -
| Price | |
| 52W High price | $239.78 |
| 52W High date | 19th Nov 2024 (2 days ago) |
| All Time High (ATH) Date | 6th Nov 2021 (3 years ago) |
| ATH Price | $259.96 |
| % From ATH | -9.17% |
| All Time Low (ATL) Date | 11th May 2020 (4 years ago) |
| ATL Price | $0.50 |
| % From ATL | 47050.28% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $8.85B |
| Total Supply | 588.66M |
| Circulating Supply | 474.61M |
SOL
How does Solana's (SOL) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
42.4%
SOL
20.2%
Similar Market Cap
60 Day Return
59.9%
SOL
27.4%
Similar Market Cap
1 Year Return
322.0%
SOL
168.5%
Similar Market Cap
We're monitoring 140 Solana GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Solana Repos)
Commits vs. The Market
- Past 4 weeks: 102 commits vs. an average of 1
- Past 12 weeks: 296 commits vs. an average of 8
- Past year: 3,289 commits vs. an average of 114
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 4750 |
| Past week | 205 |
|---|---|
| Past 12 weeks | 676 |
| Past year | 3227 |
| Past week | 46 |
|---|---|
| Past 12 weeks | 127 |
| Past year | 772 |
| Past week | 37 |
|---|---|
| Past 12 weeks | 54 |
| Past year | 644 |
| Past week | 72 |
|---|---|
| Past 12 weeks | 143 |
| Past year | 465 |
| Past week | 70 |
|---|---|
| Past 12 weeks | 114 |
| Past year | 375 |
Top Developers 2024
In total, 1457 developers have contributed to Solana over the past year. Who are the most active Solana developers, by commits, over the past year?
Related Projects
Developers working on Solana also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 166,901 |
|---|---|
| Active Reddit Users (past 24h) | 318 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 69,051 |
| Twitter followers | 3M |
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decrypt.co/292594/this-child-made-30k-rugging-a-solana-meme-coin-then-crypto-degens-got-re...
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coindesk.com/business/2024/11/20/juiced-usds-yields-woo-solana-traders-to-skys-stablecoin/
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u.today/bitcoin-btc-hits-crucial-price-level-details-heres-why-shiba-inu-shib-is-moving-li...
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explorer.solana.com/address/3Stqr8qWu8HvX4rSRvd3qWXEfKS3vx6TasygjhWepump Official
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decrypt.co/292437/bonk-flips-dogwifhat-on-its-way-to-all-time-high-with-solana-along-for-t...
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decrypt.co/292437/bonk-flips-dogwifhat-on-its-way-to-all-time-high-with-solana-along-for-t...
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decrypt.co/292323/ethereum-formerly-makerdao-dai-now-solana
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decrypt.co/292323/ethereum-formerly-makerdao-dai-now-solana
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explorer.solana.com/address/1azyuavdMyvsivtNxPoz6SucD18eDHeXzFCUPq5XU7w/verified-build Official
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decrypt.co/292326/shaq-11-million-settlement-solana-nft-lawsuit
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decrypt.co/292326/shaq-11-million-settlement-solana-nft-lawsuit
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solana.com/developers/guides/advanced/verified-builds Official
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solana.com/developers/guides/advanced/verified-builds Official
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explorer.solana.com/address/GttiwuTWBNV2bufNGACLzJnBPXyB3FEdfShYVu8tWF3S/anchor-account Official
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coindesk.com/markets/2024/11/19/sol-looks-set-to-outperform-btc-as-solana-based-dexs-regis...
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coindesk.com/markets/2024/11/19/sol-looks-set-to-outperform-btc-as-solana-based-dexs-regis...
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coindesk.com/markets/2024/11/18/first-mover-americas-solana-breaks-out-to-new-cycle-highs/
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coindesk.com/markets/2024/11/18/first-mover-americas-solana-breaks-out-to-new-cycle-highs/
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solana.com/admrsmjfnsudn7vkcqkee4aevyqwpfyszhc5gsh6pump Official
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solana.com/admrsmjfnsudn7vkcqkee4aevyqwpfyszhc5gsh6pump Official
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coindesk.com/markets/2024/11/18/cat-token-expands-to-solana-setting-up-long-term-bullish-m...
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coindesk.com/markets/2024/11/18/cat-token-expands-to-solana-setting-up-long-term-bullish-m...
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newsbtc.com/news/solana/solana-breaks-above-key-resistance-at-225-ath-next/
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newsbtc.com/news/solana/solana-breaks-above-key-resistance-at-225-ath-next/
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://solana.com/ |
|---|---|
| Explorer | https://explorer.solana.com/ |
| @solana | |
| /r/solana | |
| Forum | https://docs.solana.com/ |
| Whitepaper | https://github.com/solana-labs/whitepaper/blob/master/solana-whitepaper-en.pdf |
Has Solana been audited for security?
No security audits found for this project.
Are you the owner of Solana? Edit it here
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