Solana (SOL) price, chart, coin profile and news

Find the latest Solana (SOL) price, coin profile, news and history to get you started with Solana trading and investing.

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Werner Vermaak

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Solana and how does it work?

Solana is a powerful decentralised blockchain network that has been designed to facilitate scalable user-friendly applications powered by smart contract technology. It is considered the world's fastest blockchain right now, with a dynamic ecosystem that has grown exponentially in the second half of 2021 thanks to the low transaction cost and high scalability it offers when compared to main rival Ethereum. Over 400 projects now reside on Solana, across various DeFi, Web 3 and NFT fields, and many more are moving over from other chains as Solana's adoption continues to accelerate.

The price of Solana hit a record high of over $200 per SOL coin in September 2021, making it one of the best-performing crypto assets of the year.

Solana's SPL tokens are the equivalent of Ethereum's ERC20 assets and have been specifically designed for DeFi applications.

Solana (SOL) price chart

Solana at a glance

Ticker symbolSOL
UsePlatform fees, staking, governance
Notable team membersAnatoly Yakovenko, Greg Fitzgerald
Notable partnershipsTerra, OKEx, MXC
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Author

Werner Vermaak was a technical writer and blockchain consultant with an extensive 20-year marketing resume across Taiwan, the UK and South Africa. He came across Bitcoin and cryptocurrency in Taiwan during mid-2017 and has worked with several companies and projects in the areas of crypto security, regulations, custody and new fields such as DeFi, NFTs and Web 3.0 since. Werner has a business degree from Stellenbosch University and postgraduate qualifications in strategic marketing from the AAA School of Advertising. Werner enjoys geeking out on new technology and pondering the mass adoption of digital assets. See full bio

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