SOL is the blockchain Solana’s native token. Offering record speed and transaction cost, this cryptocurrency is shaping up to be one of the phenomena of 2021. Founded by a former Qualcomm and Dropbox engineer, this platform is now a serious competitor to Ethereum and Cardano in the development of decentralised finance applications, and is even overtaking Ethereum in the booming non-fungible token (NFT) sector.
In addition, Solana is based on a combination of two validation techniques: Proof of Stake and Proof of History, which consume very little electricity, unlike Bitcoin and Ethereum, which require considerable processing power to validate transactions.
Performance summary for SOL/USD
View the annual performance of SOL/USD, the cryptocurrency launched in 2020
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Digital Assets are unregulated in most countries and consumer protection rules do not apply. As highly volatile speculative investments, Digital Assets can become illiquid at any time, and are not suitable for investors without a high risk tolerance. Make sure you understand each Digital Asset before you trade.
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