SOL Live Price (Solana)
SOL Shows Growth This Week
Solana's current price is $153.310 USD**, with a 24-hour trading volume of **$4.16 billion USD. Over the past day, SOL has increased by +3.62%, with a slight uptick of +0.78% in the last 24 hours. The total SOL supply is valued at $604.31 billion USD, with a circulating supply of 534.61 million USD. Solana currently ranks #1 on Coingecko.
Key Metrics:
- Market Cap: $82.01 Billion
- Circulating Supply: 534.61 Million SOL
- 24h Volume: $4.16 Billion
- Fully Diluted Valuation: $92.7 Billion
As of 18:44 UTC, converting 1 SOL to USD via TabTrader (based on CoinGecko’s exchange rankings) yields $153.310 USD**. The current exchange rate is **1 SOL = $153.310 USD.
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Solana (SOL) Explained
Solana is a first-layer public blockchain with smart contract capabilities, designed for high-speed transactions without sacrificing decentralization. Proposed in 2017 by engineer Anatoly Yakovenko, it launched in 2020.
Why Solana Stands Out:
- Speed: Processes 50,000–65,000 transactions per second (TPS), making it one of the fastest blockchains.
- Technology: Combines Proof-of-Stake (PoS) with Proof-of-History (PoH) to validate transactions efficiently. PoH timestamps transactions, reducing node communication time.
- Use Cases: Supports decentralized applications (dApps) and functions as a payment network, similar to Ethereum.
Current SOL Market Cap: $82.01 Billion USD
FAQ
1. What drives Solana’s price?
Solana’s price is influenced by adoption rates, network upgrades, and broader crypto market trends.
2. Is Solana a good investment?
While Solana offers high-speed transactions, always conduct independent research or consult a financial advisor before investing.
3. How does Proof-of-History work?
PoH timestamps transactions, allowing nodes to verify order without continuous communication, boosting efficiency.