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.
| Ticker symbol | SOL |
|---|---|
| Use | Platform fees, staking, governance |
| Notable team members | Anatoly Yakovenko, Greg Fitzgerald |
| Notable partnerships | Terra, OKEx, MXC |
We’re giving away a $200 Mastercard gift card to a Finder member who leaves a verified review on Trustpilot.
Where to go if you want a fast and easy loan or line of credit.
It can be more challenging to find loans for gig workers, but you have plenty of options.
Your guide to the best apps and accounts like SoFi in Canada.
Compare these alternatives to Chase Bank in Canada and find the right account to manage your money.
A detailed look at seven Monzo app alternatives in Canada, including the pros and cons of each.
N26 isn’t available in Canada, so check out these six alternatives.
Compare financing options for roof repair or roof replacement.
Use this calculator to find out how much you can grow your money.
Find out about cash advance apps that don’t require direct deposit to be eligible for funding.