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Last updated 2024/01/04 08:54 (UTC)
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0.1%
$ 107.09
+7.63%
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Price of SOL today
The live price ofSolanais$ 107.09per (SOL / USD) with a current market cap of $ 46.07B USD. 24-hour trading volume is$ 3.25B USD.SOL to USDprice is updated in real-time.Solana is +7.63% in the last 24 hours with a circulating supply of 430.23M.
SOL Price History USD
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | $ 7.589186 | +7.63% |
| 30 Days | $ 46.15 | +75.72% |
| 60 Days | $ 66.02 | +160.74% |
| 90 Days | $ 83.66 | +357.00% |
SOL Price Information
24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 97.11
High: $ 107.98
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 260.06
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.79%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+7.63%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+7.29%
The percent change in trading volume for this asset compared to 7 days ago.
SOL Market Information
The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#5
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 46.07B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 3.25B
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
430.23M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 60.65B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
About Solana (SOL)
Solana is an independent Layer 1 blockchain created as a fast and efficient network with an underlying smart contract protocol. Since its launch in 2020, the Solana network has been dubbed a competitor to Ethereum, and even nicknamed ‘The Ethereum Killer’.
The network’s scalability, combined with its low fees and high speed, makes it a leading choice for many NFT-based decentralized applications (dApps), as well as decentralized finance (DeFi) and digital blockchain-based payment ecosystems.
The Solana network focuses on high transaction throughput and short processing time, which it achieves via its Proof-of-History (PoH) technology. Solana claims to be able to process 65,000 transactions per second, making it one of the fastest in the industry.
The Solana blockchain linearly hashes transactions to create a verifiable order of all the network's activity in order to reach the aforementioned speed. Because of this, there's no need to rely on a block creator's timestamp, or for network validators to check the transaction order.
The Solana network was co-founded in 2017 by systems engineer and computer programmer Anatoly Yakovenko and current Solana COO Raj Gokal. The network operates on the PoH timing mechanism, which was implemented prior to the consensus layer that now operates on a proof-of-stake (PoS) algorithm.
Solana's native token, SOL, is primarily used for staking to support the validation process, and in transaction fees for peer-to-peer (P2P) payments. It best fulfils these functions through an unlimited token supply. However, the blockchain burns 50% of the SOL used in each transaction fee as part of the formula for maintaining its year-on-year inflationary rate.
The remaining 50% of the transaction fee is awarded to the validators of the transaction. Anyone holding enough SOL is able to become a network validator or a delegator to a validator and support the consensus process needed to run the independent blockchain. This mechanism is used to generate rewards for users who stake in support of the Solana blockchain. SOL price is updated live on Binance.
A major breach occurred on the Solana network early on August 3 2022. Decentralized wallet apps, Phantom and Slope, which both work in accordance with the Solana network, publicized the attacks on social media to inform the public.
In total, the hacks resulted in an estimated $8 million in SOL being drained from around 8,000 wallets. The affected wallets were all found to have interacted with other applications within both the iOS and Android mobile operating systems. The source of the hack and whether or not the affected wallet owners would be reimbursed remained unknown.
People Also Ask: Other Questions About Solana SOL
What is Solana (SOL) Used For?
Solana (SOL) can be used to make payments, and access and build dApps. Since the recent ETH security breaches, Solana is now increasingly being used to mint NFTs. It has a DeFi ecosystem that allows SOL holders to stake tokens to earn APY.
One of Solana’s key focuses is building scalable dApps, making the network particularly useful for enterprise use cases. Solana price updates can be viewed on Binance.
How Do Network Consensus and Validation Work on Solana (SOL)?
Solana uses a combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) to achieve fast and efficient transaction validation. PoH generates a verifiable timestamp for each transaction, allowing validators to agree on transaction order and time. PoS allows validators to participate in the network by staking SOL tokens, with validators selected based on staked amount. By combining Proof of History (PoH) and Proof of Stake (PoS), the Solana network has established an efficient, robust, and flexible approach to verifying transactions by increasing transaction speed and security.
Who Founded Solana (SOL)?
Solana was developed by Russian-born US citizen Anatoly Yakovenko. As a child, Yakovenko migrated to the US with his parents in the ’90s and discovered a passion for computer science and coding from an early age. Solana’s co-founder and current COO is Raj Gokal, an avid developer, investor, and creator himself.He reconnected with Anatoly Yakovenko over coffee in 2017, after which the two began developing the network almost immediately.
What is the Maximum SOL Token Supply and Current Circulating Token Amount?
SOL has an unlimited supply but there is a network burn protocol in place that burns 50% of the SOL charged on every Solana network transaction. The Solana Foundation announced that only 489 million SOL tokens would be released into circulation. According to the latest numbers, just under 330 million tokens are currently in circulation.
Is Solana Better Than ETH?
Both Solana and Ethereum offer similar services, and any decision to use either one should be based on the unique, specific needs of the individual or enterprise. The two networks can also be compared by looking at their respective number of dApps, transaction speeds, and users, among other metrics.
Solana does boast far greater throughput and shorter processing times than Ethereum, since it was technically developed as a solution to limitations seen on Ethereum and other earlier blockchain networks.
How to Buy Solana?
Solana (SOL) can be purchased directly from Binance using a debit or credit card. Solana (SOL) can also be traded for other cryptocurrencies on the Binance exchange. Live SOL price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Solana (SOL) Guide.
How Much Will Solana Be Worth in Future?
Check out our Solana Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.
What is Solano Price Now?
Are you looking for Solana Price when you typed Solano Price? Live Solana price is updated in real-time on Binance.
SOL to Local Currency
| 1 SOL to TRY | $ 107.09 |  |
| 1 SOL to RUB | $ 107.09 | |
| 1 SOL to EUR in Italy | $ 107.09 | |
| 1 SOL to EUR in France | $ 107.09 | |
| 1 SOL to EUR in Spain | $ 107.09 | |
| 1 SOL to AED | $ 107.09 | |
| 1 SOL to AUD | $ 107.09 | |
| 1 SOL to BRL | $ 107.09 | |
| 1 SOL to VND | $ 107.09 | |
| 1 SOL to INR | $ 107.09 | |
Last updated 2024/01/04 08:54 (UTC)
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