SOL Live Price Converter

Solana is a powerful open-source project that leverages permissionless blockchain technology to offer DeFi (decentralized finance) solutions. The Solana Foundation has been working on the Solana project since 2017, but it wasn't until March 2020 that it was formally released.

Solana is designed to facilitate dApp development and aims to improve blockchain scalability by combining a proof-of-history (PoH) with a proof-of-stake (PoS) consensus. Thanks to Solana’s innovative approach and hybrid consensus model, it has one of the crypto market's quickest blockchain networks as of 2023.

Solana’s 400-millisecond block time is only going to get faster as the network's architecture improves. Because of its low transaction fees of less than $ 0.01, the Solana network is a compelling alternative to Ethereum.

The Solana Foundation’s main objective is to increase DeFi adoption. It currently backs a number of market-leading dApps in the fields of DeFi, gambling, NFTs, and Web3.

The Solana ecosystem's native token, SOL, is among the top cryptocurrencies by market cap. Since 2021, its price has soared as more and more dApps have adopted Solana.