Solana (SOL)
$185.22+4.51%
Uncover Solana (SOL) - a dynamic crypto venture! Follow SOL real-time charts for instant updates. Explore its market dynamics, hone crypto trading skills, and immerse in the vibrant digital currency realm. Access detailed market analysis and news insights to grasp Solana (SOL) price fluctuations.
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Solana (SOL) Price Real-Time Data
The live price of Solana (SOL) is $185.22 with a 24-hour trading volume of $2.45B. Its 24-hour peak value is $185.29, and its 24-hour low is $176.71. The current circulating supply is 464.61M SOL, leading to a fully diluted market capitalization of $85.54B. The Solana (SOL) to USD price is updated in real-time.
About Solana (SOL)
Solana emerged in 2020, initiated by the Solana Foundation. Developed to revolutionize DeFi, it boasts a hybrid consensus model combining proof-of-history and proof-of-stake mechanisms.
Key features of Solana include its unique consensus mechanism called Proof of History (PoH), which orders transactions before they are processed, allowing for high throughput and low latency. Solana also utilizes a combination of Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT) to achieve consensus quickly and securely.
Key features of Solana include its unique consensus mechanism called Proof of History (PoH), which orders transactions before they are processed, allowing for high throughput and low latency. Solana also utilizes a combination of Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT) to achieve consensus quickly and securely.
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FAQ
What is Solana (SOL)?
Solana is an open-source project revolutionizing decentralized finance (DeFi) through blockchain technology's permissionless nature. Launched in 2020, it aims to enhance scalability for decentralized app (DApp) creation.
How does Solana (SOL) work?
Solana employs a unique hybrid consensus model, combining proof-of-history (PoH) and proof-of-stake (PoS) mechanisms. PoH records transaction history, ensuring trust, while PoS validates block sequences, ensuring security.
Is Solana (SOL) safe to invest in?
Investing in Solana involves risk, like any other investment. However, its innovative approach to DeFi and strong team behind it make it an attractive option for many investors.
How do I buy Solana (SOL) on SLEX Exchange?
To buy Solana (SOL) on SLEX, create an account, complete KYC requirements, deposit funds, and then use the platform's trading tools to buy SOL directly.
How can I store my Solana (SOL) securely after purchasing on SLEX?
After buying SOL on SLEX, store it securely in the SLEX wallet or transfer it to a private wallet. For added security, consider using a hardware wallet, especially for large amounts of SOL.
What determines the price of 1 Solana (SOL) in fiat currencies on SLEX?
The price of SOL on SLEX is influenced by factors like supply and demand, market sentiment, and economic indicators, with the platform reflecting live market prices.
What advantages does SLEX offer for Solana (SOL) to USDT conversion?
SLEX prioritizes user convenience and privacy by offering swift, SOL to USDT conversions, allowing seamless trading without delays.
Who created Solana (SOL) and what do we know about them?
Solana was founded by Anatoly Yakovenko and his team at Solana Labs in 2020. Yakovenko, with a background in engineering, spearheaded the project's development, aiming to revolutionize DeFi with innovative blockchain solutions.
