Solana Logo

Solana SOL

Solana header image

1. Summary

Fundamental Rank
98
Developer Rank
100
Social Rank
99
Coinrank
100
Price
$29.79 +7.5%
Market Cap
$8.12B (#9)
Supply
272.64M / 488.63M
Description

Solana is a quick and secure censorship-resistant blockchain intended to provide an open infrastructure deemed as a requirement in regard to global adoption. It is an open-source project and provides decentralized finance (DeFi) solutions.

The Solana Protocol is designed to help facilitate decentralized applications (...

Read more

Solana is a quick and secure censorship-resistant blockchain intended to provide an open infrastructure deemed as a requirement in regard to global adoption. It is an open-source project and provides decentralized finance (DeFi) solutions.

The Solana Protocol is designed to help facilitate decentralized applications (dApps) development, with the intention of improving the scalability, through introducing a proof-of-history (PoH) consensus mechanism that is combined with a proof-of-stake consensus (PoS) in the blockchain itself.

Solana essentially solves high fees as well as transaction times through the combination of both consensus mechanisms.

The SOL Token Explained

The SOL token is the native currency that is used on Solana. In terms of its functionality, it is used for paying transaction fees on the Solana Network, and tokens are burned with each transaction, where the Solana token holders can stake their Sol in order to become a validator node.

Features of The Solana Project

Solana features certain key functionalities and features that make it stand out when compared to other projects out there.

  • Tower BFT – This is a feature that improves responsiveness by allowing the validators on the network to vote on the state of the ledger.

  • Gulf Stream – This is a feature that allows the network to forward the transactions to validators before the current block of transactions is finished with approvals, with the end goal of improving confirmation times and reducing memory pressure on validators.

  • Sealevel -This is a feature that provides the network with the function to execute smart contracts in parallel. It is the only chain that supports it in a single shard.

  • Pipelining – This is a function that allows for efficient optimization of transaction validation. It essentially assigns a stream of input data, and this data is processed through sequential steps with separate hardware for each individual step.

  • Turbine -This is a type of technology that can take data and break it into smaller pieces. This results in less bandwidth usage.

  • Cloudbreak – This is the network’s account database.

  • Archivers – These can be seen as hardware storage mechanisms that enable quick access to the information stored on the network itself.

Founders of Solana (SOL)
The Solana Project was founded by Anatoly Yakovenko, who originally worked at Qualcomm where he started his career and moved up the ladder to become a senior staff engineering manager. Throughout time, he transitioned to become a software engineer at Dropbox. In 2017, he started working on a project, that would, over time, become Solana. To do this efficiently, he sought out the help of Greg Fitzgerald, a former colleague at Qualcomm, where they founded Solana Labs.

2. Price

$SOL / USD

2.1. Market Performance

How does Solana's (SOL) performance compare to assets of a similar market capitalization?

30 Day Return

20%

SOL

0%

Similar Market Cap

60 Day Return

-20%

SOL

-38%

Similar Market Cap

1 Year Return

3,997%

SOL

1,499%

Similar Market Cap

3. Developer Activity

We're monitoring 83 Github repos for the Solana project.

Commits vs. The Market

  • Past 4 weeks: 1,033 commits vs. an average of 58
  • Past 12 weeks: 3,046 commits vs. an average of 244
  • Past year: 29,997 commits vs. an average of 1,512

Top Repos by Code Commits

Past week 0
Past 12 weeks 49
Past year 19533
Past week 382
Past 12 weeks 1124
Past year 4140
Past week 132
Past 12 weeks 383
Past year 1665
Past week 57
Past 12 weeks 193
Past year 664
Past week 53
Past 12 weeks 145
Past year 638
Past week 72
Past 12 weeks 203
Past year 623
Past week 222
Past 12 weeks 440
Past year 571
Past week 58
Past 12 weeks 202
Past year 327
Past week 0
Past 12 weeks 0
Past year 212
Past week 0
Past 12 weeks 5
Past year 124
Past week 17
Past 12 weeks 67
Past year 112
4. Social Activity
Reddit Subscribers (solana) 24,311
Active Reddit Users 208
Telegram Users 85,315
Twitter followers 335,360
Spotted an error? Please use this form to request a change.