Solana (CRYPTO: SOL)
Solana Return vs. S&P
1 Year | 5 Year | 5 Year Annualized | Since IPO |
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Solana Company Info
Solana (SOL) is a high-performance blockchain that uses a delegated Proof-of-Stake (dPoS) consensus algorithm and a unique method of ordering transactions to improve speed and throughput. It can process over 50,000 transactions per second and has 400ms block times, allowing it to scale without relying on Layer-2 systems or sharding. The network has processed over 21 billion transactions and has a native cryptocurrency, the SOL utility token, which is used to pay for transaction fees and interact with smart contracts on the blockchain. It can also be staked to earn staking rewards. Decentralized applications being built on Solana may create additional use cases for the SOL token, such as being used as collateral for loans or earning interest when lent out.
News & Analysis
2 Cryptocurrencies to Buy Whether Bitcoin Hits Another All-Time High or Not
Ethereum and Solana are set to soar higher in 2024, even if Bitcoin continues to trade sideways.
Should You Buy Solana Right Now While It's Below $200?
If Solana can convince investors it's the next Ethereum, it could skyrocket in value.
1 Top Cryptocurrency to Buy in June Before It Potentially Skyrockets in Value
With mainstream consumer adoption on the rise, Solana could be ready for a big breakout this summer.
3 Reasons to Buy Solana While It's Under $200
The world's fifth-largest cryptocurrency still has a bright future.
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If You'd Invested $1,000 in Solana a Year Ago, Here's How Much You'd Have Today
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