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Sell SOL (SOL) for AUD

$301.44 AUD

 -0.76% ()

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What is Solana (SOL)?

Solana is a blockchain platform that provides dApps and other blockchain applications with a high-performance infrastructure. It is a potential platform for decentralised applications, particularly in the fields of DeFi and NFTs, thanks to its distinctive architecture, development tools, and resources.

The History of Solana

A former Qualcomm engineer named Anatoly Yakovenko established Solana in 2017 with the goal of building a quicker, more scalable blockchain. To achieve high throughput and low latency, Solana's protocol combines a number of cutting-edge consensus methods, including a proof-of-stake mechanism.

The Use Case of Solana

The main use case for Solana is to offer dApps and other blockchain initiatives a quick, scalable blockchain platform. This is made possible by its distinctive architecture, which enables fast transaction processing and concurrent transaction execution. Solana is therefore perfect for applications like non-fungible token (NFT) marketplaces and decentralised finance (DeFi) platforms that demand high throughput and low latency.

Solana provides a range of developer tools and resources, including a smart contract language called Rust, a collection of development kits, and APIs, in addition to its performance advantages.

communityWebsitesolana.com
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SOL Price Statistics

coingecko
SOL Price
$301.44
24H Low/24H High
$296.78/$311.73
7D Low/7D High
$287.06/$332.99
Trading Volume
$11,001,113,901.00
Market Cap Rank
#6
Market Cap
$163,203,084,072.00
Volume/Market Cap
$0.067408
All-Time High
$473.69 -36.38%
19 Jan 2025 (8 months)
All-Time Low
$0.7721 38,930.61%
11 May 2020 (over 5 years)
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