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Solana price, market cap on Coin360 heatmap

Solana(SOL)

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$133.432
(-0.44%)
0.00213676 BTC
Market Cap (Rank#5)
$59,070,837,896
945,953 BTC
Vol 24h
$3,869,933,067
61,973 BTC
Circulating Supply
442,704,226.40
Max Supply
488,630,611
17h agonulltx
SOLANA PRICE ANALYSIS & PREDICTION (February 29) – Sol Prints New Multi-Month High Following Latest Surge, Where Next?
Following the latest surge in volatility across the space, Solana appeared to be breaking out of its previous resistance. It has tapped a new monthly high and now looks ready for a big price movement on the daily chart. This month saw Sol through a small correction after witnessing a […]
19h agonulltx
Revolutionary A.I Tech Token Takes Centre Stage As It Gains Support From Solana (SOL) Investors
In the dynamic world of cryptocurrency, a new star is rising, capturing the attention of investors far and wide. The revolutionary A.I tech token, Option2Trade (O2T), is now taking center stage, bolstered significantly by the growing support from Solana (SOL) investors. This burgeoning interest from one of the most forward-thinking […]
1 day agocoindesk
Solana Gaming Project MixMob Bags Stormtrooper NFT Licensing Rights
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1 day agonulltx
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The meme coin sector is currently experiencing a notable uptick, with Pepe taking the lead with a remarkable 63% rise and an astonishing surge of over 185% in the past seven days. The price of $PEPE has increased by more than 60% today! 6 wallets sold 1.98T $PEPE($4.37M) to take […]
1 day agocoindesk
Bitcoin Miner Marathon's Sales Beat Fails to Impress Wall Street
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
1 day agonulltx
Solana (SOL) Rival Priced $0.0013 Earns Bonk (BONK) & Solana (SOL) Investor Support
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2 days agocoindesk
Solana Veterans Raise $17M For 'Backpack' Crypto Wallet, Exchange
Armani Ferrante's and Tristan Yver's startup raised the funds at a $120 million valuation.
2 days agonulltx
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3 days agocoindesk
PEPE and WIF Jump 50%, Putting Ethereum and Solana Meme Coins in Focus
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3 days agocoindesk
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As Ethereum experienced a pullback, with its price dipping back to $2900, astute observers noted a savvy trader who capitalized on the market movement. The trader sold 7,425 ETH, amounting to $21.8 million, at $2,937 just a few hours ago, showcasing a keen sense of timing. A smart trader sold […]
4 days agonulltx
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Chainlink slipped slightly this week from a brief consolidation phase but later found support after retesting the monthly breakup level as support. The price is now facing up, charging for a fresh increase on the day.  After breaking out of an accumulation phase to touch $20.8 last week, Link traded […]
7 days agocoindesk
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FIL's market-beating surge to a 12-month high of $8.5 comes on the heels of Filecoin's Feb. 16 announcement that it would host programmable blockchain Solana's block history.
7 days agonulltx
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9 days agonulltx
SOLANA PRICE ANALYSIS & PREDICTION (February 20) – Sol Reinitiates Drop After Facing Resistance, Has Recovery Ended?
Sol recovered well in the past month but appeared to be losing buzz due to a slight rejection. Failure to resume positive actions may trigger a bearish move. The price is currently up 30% in the past month. Following the late January bounce off the $80 level, Sol made an […]
13 days agonulltx
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Cryptocurrency, where fortunes can be made overnight, a notable Dogecoin (DOGE) millionaire has turned the spotlight onto a trio of promising ventures: Internet Computer (ICP), Retik Finance (RETIK), and Option2Trade (O2T). Each of these platforms brings something unique to the table, from groundbreaking computing solutions to innovative DeFi advancements and […]
14 days agocoindesk
Apple Vision Pros Are Practically Dress Code at This Crypto Hacker House
Airdrop riches and FOMO are fueling a run on Apple's pricey VR headset at mtnDAO, the Solana blockchain's largest community-run coworking meetup, in Salt Lake City.
15 days agocoindesk
Solana’s SOL Futures Rack Up $1B in Record Bullish Bets
The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.
15 days agocoindesk
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22 days agozycrypto
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22 days agozycrypto
Solana Mimicking Ether’s 2020 Bullish Patterns, Suggesting $940 SOL Price is Possible
Solana (SOL) appears to be imitating Ether’s footsteps from 4 years ago, suggesting that the altcoin could be preparing to kickstart a long-term bull rally.
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BlockFi asserted that Three Arrows Capital owed them $129 million, while the latter countered with an even bigger claim.
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About Solana?

The live price of Solana (SOL) today is 133.432 USD, and with the current circulating supply of Solana at 442,704,226.40 SOL, its market capitalization stands at 59,070,837,896 USD. In the last 24 hours SOL price has moved ? USD or 0.00% while ? USD worth of SOL has been traded on various exchanges. The current valuation of SOL puts it at #5 in cryptocurrency rankings based on market capitalization.

Learn more about the Solana blockchain network and how it works or follow the price of its native cryptocurrency SOL and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in March 2020 by software engineers Anatoly Yakovenko and Greg Fitzgerald, Solana (SOL) is a third-generation blockchain that aims to solve the blockchain trilemma of accomplishing three crucial objectives - security, scalability and decentralization.

Allowing for the easy creation of efficient DApps, Solana is widely perceived as a direct competitor to Ethereum. While Ethereum’s scalability issues were tackled through Layer-2 blockchains, Solana aimed to overcome its own by creating a much-improved underlying infrastructure, capable of providing cost-effective and faster transactions.

Owing to its unique hybrid consensus model, Solana has gained rapid popularity among individuals as well as big institutional investors/traders.

Solana’s decentralized blockchain supports the development of a wide array of DeFi (Decentralized Finance) solutions, including the creation of user-friendly and scalable smart contracts, and decentralized applications. Some of the well-known projects developed on Solana include Saber (DEX), Hoglympics (P2E Game), Orca (DeFi) and Solsea (NFT Marketplace).

One of the biggest reasons behind Solana's popularity is its affiliation with FTX and its founder Sam Bankman-Fried, who is a vocal supporter of the network.

SOL price

SOL price fluctuated between $0.5 and $4 during 2020. According to our SOL live price chart, the coin proved to be one of the best-performing crypto assets during the bull run of 2021. It began its surge in early February 2021, touching $18.2 by Feb 24, and then closing in on $60 in May. 

SOL coin’s all-time high arrived later in November 2021, when it breached multiple resistance levels and peaked at almost $260 on Nov. 6, 2021. SOL’s fully diluted valuation at the time was over $125 billion.

Many other cryptocurrencies were also registering their own ATHs on the back of bullish market sentiment around this time. However, in SOL’s case, the coin was also receiving market-wide support and forming noteworthy institutional alliances, including with the likes of FTX crypto exchange and Grayscale investments. The price of SOL has lost a fair bit of ground since its 2021 surge, plummeting down to under $40 in Q2, 2022.

How SOL works

Solana employs an innovative hybrid consensus algorithm that combines the conventional Proof-of-Stake (PoS) system with a novel Proof-of-History (PoH) mechanism, thus adding new blocks every 400 milliseconds. An internal scalability test conducted on Solana revealed that it can process over 47,000 transactions per second at peak levels. PoH plays a key role in Solana’s functioning, by serving as its Chain Selection Rule. PoS, on the other hand, is the Solana blockchain’s Sybil Resistance Mechanism. 

Solana’s super-efficient hybrid protocol facilitates significantly reduced validation times for both smart contract execution as well as the processing of transactions. The blockchain has been created to serve the interests of both enterprise users and small customers.

SOL, the native token of Solana, is used to pay transaction fees for running smart contracts (DApp interactions) and processing transactions on its network. The coin is also used for staking purposes. SOL holders can either directly stake their coins, or delegate their SOL holdings to validators, who in turn help secure the network. SOL has an inflation rate of 8% per annum, which will decrease by 15%, year-over-year, thus accomplishing the long-term fixed inflation rate of 1.5% per annum, in the future.

SOL news, updates and highlights

The New York-based crypto asset management firm, Grayscale Investments, added Solana to its list of offerings in October 2021, after SOL witnessed an amazing bull run that year. It included the coin as a part of the Grayscale Digital Large Cap Fund (GDLC) portfolio and allocated over 3% of its investments to SOL. 

In another significant SOL news, Coinbase, the top-most crypto exchange in the United States, added wallet support for SOL coin as well as Solana-based tokens. The company cited growing investor interest in SOL as the main reason behind this development. With Ethereum still facing scalability issues owing to its high fees and low transaction throughput, investors are looking for low-cost alternatives, and as per Coinbase, Solana is just the right fit.

Frequently asked questions about SOL

  • Can you mine or stake SOL?

No, you cannot mine SOL. However, it’s possible to stake your SOL coins and earn inflation rewards. Learn more here.

  • What are some of the best SOL wallets?

Some of the best SOL wallets as recommended by Solana's official website are Phantom, StrikeX, Trust Wallet, Trustee Wallet, Solareum Wallet, Atomic and Exodus.  

  • What can you do with SOL coins?

You can use your SOL coins to pay transaction fees on the Solana network. You may even stake your tokens to secure the Solana blockchain and earn staking rewards in return.

  • How to buy SOL?

Check SOL trading pairs with coins like BTC, ETH, USDT, XRP, MATIC, etc. on established crypto exchanges, to buy SOL cryptocurrency.

Solana Price133.432 USD
Market Rank#5
Market Cap59,070,837,896 USD
24h Volume3,869,933,067 USD
Circulating Supply442,704,226.40 SOL
Max Supply488,630,611 SOL
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