What is Solana (Sol)?

The cryptocurrency that runs on the Solana blockchain—also named Solana (SOLUSD) and using the ticker symbol SOL—soared almost 12,000% in 2021 and at one point had a market capitalization of over $66 billion, making it the fifth-largest cryptocurrency by this measure at the time. 2

What is Solana cryptocurrency?

Solana’s native cryptocurrency is SOL. It’s used to pay transaction fees and for staking. SOL is available to buy and sell via exchanges like Coinbase. What makes Solana unique?

What are Solana tokens?

All of this means that Solana is now the home to many projects of all sorts, with something for everyone—all of which users can access using SOL tokens. The SOL token is the backbone of the Solana network. It is used to pay gas fees on the network, but also for staking, so users can support the network’s security and earn inflationary rewards.

What is Solana's architecture?

Solana's architecture aims to demonstrate a set of software algorithms that eliminate software as a performance bottleneck when combined with a blockchain. The combination enables transaction throughput to scale proportionally with network bandwidth.