Solana price

in USD
Top market cap
$191.96
+$12.0400 (+6.69%)
USDUSD
Market cap
$103.08B #5
Circulating supply
538.05M / 605.75M
All-time high
$295.90
24h volume
$17.11B
4.1 / 5
SOLSOL
USDUSD

About Solana

Solana is known for its fast transaction speeds and low fees, which make it attractive to users and developers building decentralized applications and digital assets. For investors, SOL offers exposure to a high-performance blockchain that prioritizes speed and scalability without sacrificing decentralization. Launched in 2020, Solana uses a unique hybrid consensus model that combines Proof of History with Proof of Stake. This design allows the network to handle thousands of transactions per second, supporting everything from NFTs to DeFi platforms within its growing ecosystem.
Top
Layer 1
CertiK
Last audit: 26 Sept 2022, (UTC+8)

Solana’s price performance

3 months
+29.02%
$148.78
30 days
+35.30%
$141.87
7 days
+14.68%
$167.38
Today
+5.75%
$181.52

Solana on socials

BCheque
BCheque
The Daily Modern Market Snapshot: Mon 21 July Majors: BTC 119k; ETH 3.7k; SOL 190 Headlines - SOL outperforms majors in last 24 hours up 8% to $190 - ETH ETF outpaces BTC ETF inflows on Thursday and Friday last week: $402M and $602M vs $363M and $522M respectively - 63 CryptoPunks swept for $11.2M: floor up to $180k Notable PA - PENGU +18% to $2.8B - DOGE up 8% to $0.27 - SPX +10% to $2 Notable Sales - Moonbirds jump to almost 2 ETH - Squiggles swept up to 6 ETH floor price - Pudgy Penguins hit $62K floor price at 16.4 ETH Web 3 Round Up - UK considers selling its $7B of BTC to plug hole in public finances - Peter Thiel backed exchange Bullish files for potential IPO - Charles Schwab plans BTC and ETH spot trading for 40m clients - Bitmine ETH treasury strategy company changes PFP to a Pudgy Penguin LIKE, COMMENT & RT if you found this helpful
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Odaily
Odaily
Original title: "Solana Validators' 'Slow Motion': Block Delay Becomes a New Strategy for Yield? 》 by Jack Kubinec Compiled by: Deep Tide TechFlow As Solana's code issues have been gradually resolved over the past few years, block time, the time it takes for the network to generate new transactional blocks, has decreased significantly, even below its nominal 400 milliseconds. However, over the past month, an interesting trend has emerged: median block time, a key performance metric in blockchain networks that reflects how quickly blockchain networks process transactions and generate blocks, has slowered, and Solana has slowed down to add new transactions to the blockchain. The reason lies in a new validator strategy, which suggests that slow block generation may be more profitable. According to Blockworks, Anza, Jito, and Marinade are considering resolving the issue. Each Solana block has a validator in the role of leader – responsible for collecting transactions, creating blocks, and broadcasting them to the network. Leaders charge transaction fees for creating blocks. More order flow means more fee opportunities, so validators may choose to process 500ms of transactions instead of 300ms to increase yield. On a fundamental level, some Solana validators seem to be waiting as long as possible to package more transactions into blocks and thus maximize gains. This behavior has led to an increase in Solana's cycle length. This is clearly not an ideal situation for a network committed to being as fast as Nasdaq. Additionally, reduced cycles mean fewer opportunities for compounding staking rewards, as suggested by Max Kaplan, CTO of Sol Strategies. Solana offers a mechanism known as "grace ticks," which is a delay period that allows leaders to still be able to successfully commit blocks. This mechanism is designed to prevent unfair penalties for validators in remote locations, but it also opens the door for validators to intentionally delay submitting blocks. Additionally, Solana's alternative client, Frankendancer, recently released a revenue-maximizing scheduler. According to Kaplan, the validators running the client appear to be packing blocks at a slightly slower than normal rate. However, Kaplan added that Frankendancer's latency is negligible compared to more severe delayers, and he doesn't see it as a "bad thing." Moreover, block latency is not a new concept on proof-of-stake blockchains. However, the Firedancer upgrade could make this strategy more visible on Solana. Jump has not yet commented on this. Interestingly, Firedancer software engineer Michael McGee described this phenomenon on this week's Lightspeed podcast. He mentioned, "One of the things we're seeing in current validators is... [Validators] tend to create more profitable blocks by delaying transaction execution. ” Blockworks Research analyst Victor Pham noted that Solana validators who are more pronounced in block delays typically run modified versions of the Agave-Jito client. For example, in cycle 802 in mid-June, both Galaxy and Kiln had a median block time of over 570 milliseconds. According to Solana Compass data, some untagged validators are also running slower, while Temporal has a median validator block time of 475 milliseconds. Kiln co-founder Ernest Oppetit acknowledged that its validators – the sixth-largest staking validator in the Solana network – had delayed block slots for a period of time but said it has now stopped doing so. "At Kiln, we pride ourselves on offering the highest annual percentage yield (APY) on staking without sacrificing security. We have been working on different parts of the technology stack, including time strategy, and are in constant discussion with customers, client teams, and foundations. Currently, we follow the specification and no longer delay blocks, but many other validators are still doing so. We think we ultimately need to address incentives at the protocol level (rapid block generation leads to reduced rewards)," Oppetit said. Ben Coverston, director of engineering at Temporal, said when asked about the apparent involvement of his validators in the slow block trend: "I can say that we are not the reason for making people aware of this phenomenon. ” A Galaxy spokesperson said, "As a service provider, we support validator configurations that prioritize maximizing customer staking rewards. On Solana, this could mean proposing slightly slower blocks to ensure higher reward acquisition. Galaxy has also been responding to community feedback and has adjusted block times to acceptable limits. ” However, the Solana validator community generally believes that slowing down the network is not appropriate, and slow validators are currently facing public backlash. They may soon face more substantial punishment. According to Blockworks, Jito plans to blacklist slow validators from its staking pool, which is the largest in the Solana network. Jito Foundation President Brian Smith said the organization is "drafting a governance proposal that will give a committee the power to remove laggards from the JitoSOL delegated collection." The proposal should be open to the community for discussion within a few days. ” Michael Repetny, co-founder of Marinade, said the staking pool provider is "considering bringing this issue to a governance proposal to discuss the pros and cons of using [slow validators] as a hard rule/delegation policy violation." ” Protocol-level solutions are also being promoted. Anza's GitHub repository shows a new proposal that proposes cutting Solana's grace tick period in half. Additionally, Solana's proposed consensus mechanism reforms are expected to address this issue. "Alpenglow will solve this problem by enabling the skip voting feature," said Brennan Watt, vice president of core engineering at Anza. In a recent episode of the Lightspeed podcast, Watt revealed that Anza hopes to bring Alpenglow to mainnet ahead of the Solana Breakpoint conference in December. Original link
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CoinMarketCal
CoinMarketCal
Most influential events in the last 24h 📈 🥇 9.0/10 influential, 8.7/10 catalyst scores $SOL (@solana) 04 Aug 2025 Seeker Ships 👉 🥈 8.4/10 influential, 6.2/10 catalyst scores $NEAR (@nearprotocol) 25 Jun to 01 Aug 2025 Inflation Vote 👉 🥉 7.9/10 influential, 5.7/10 catalyst scores $LTC (@ltcfoundation) 30 Jul 2027 or earlier Halving 👉 More highlights 👉
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Solana FAQ

Currently, one Solana is worth $191.96. For answers and insight into Solana's price action, you're in the right place. Explore the latest Solana charts and trade responsibly with OKX.
Cryptocurrencies, such as Solana, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Solana have been created as well.
Check out our Solana price prediction page to forecast future prices and determine your price targets.

Dive deeper into Solana

Solana describes itself as a third-generation network designed to solve the blockchain trilemma – the notoriously difficult feat of improving performance without compromising decentralization and security. Solana might succeed where first and second-generation blockchains have struggled by introducing innovative methodologies to optimize a blockchain network's speed while retaining a high level of decentralization.

Solana's decision to focus on finding a balance between speed, security, and decentralization stems from the need to create enabling environments for launching world-class decentralized applications (DApps). The goal is to provide a blockchain network to help DApps attain the same functionality and user experience that their centralized counterparts offer.

The Solana ecosystem has SOL as its base currency, which users can use to make payments, settle related fees, and participate in the network's staking economy. The digital asset also doubles as Solana's governance currency. In essence, SOL holders can vote on proposals that would, in turn, determine the type of changes and upgrades adopted by the Solana ecosystem.

How does Solana work

Like most blockchains, Solana relies on a consensus algorithm. Such algorithms ensure blockchains don't require intermediary entities like Visa or PayPal to execute and validate transactions. However, rather than opt for the energy-intensive and slower Proof of Work (PoW) consensus protocol like Bitcoin, Solana has adopted a more dynamic alternative that gives room for highly scalable and eco-friendly operations.

Specifically, Solana’s dynamic consensus system combines the in-house designed Proof of History (PoH) protocol and the popular Proof of Stake (PoS) model. PoH creates a historical record of events and transactions and allows the system to process transactions faster and more efficiently.

Armed with these two consensus mechanisms, Solana can reportedly process up to 50,000 transactions per second, which is why it is often called the "Visa of the crypto world." This is an exceptional feat considering that Ethereum, the most popular application-based blockchain, currently has a maximum theoretical TPS of 119. According to Solana, developments are underway to increase the current maximum transaction size possible on the network, which currently stands at 1,232 bytes. QUIC, a Google-built transaction ingestion protocol currently live on Solana's Mainnet-beta, could be the key to unlocking a larger transaction size.

Solana provides a flexible development tool kit that supports three popular programming languages: Rust, C, and C++. Solana has also highlighted community-driven efforts to allow on-chain programs to be written in other languages such as Python via Seahorse. Proponents of Solana argue that the possibility of writing smart contract codes with multiple programming languages will help developers access a more familiar and flexible development environment, unlike what we have on blockchains with native smart contract languages.

Additionally, the Solana blockchain has a block propagation protocol named Turbine that makes data distribution faster across the network. Finally, Solana uses Gulf Stream, a Mempool-less transaction forwarding protocol that enables validators to execute transactions beforehand.

Solana's high-speed and low-cost transactions make it an attractive platform for DeFi applications. It supports various DeFi projects, including decentralized exchanges (DEX), lending and borrowing platforms, and yield farming protocols. Furthermore, with its ability to handle a large number of transactions per second, Solana is a suitable platform for blockchain-based games. Developers can build interactive and scalable games on Solana that offer rewards in SOL or other tokens.

SOL price and tokenomics

Launched in March 2020, SOL initially sold for $0.22 to supporters through a public auction, successfully raising $1.76 million. The subsequent surge in Solana's value led to a significant private token sale round in June 2021, generating a substantial $314 million for Solana Labs. The funds raised in this round are earmarked for the development and promotion of a robust and expansive decentralized finance (DeFi) ecosystem on the Solana blockchain.

Over the years, the Solana team conducted five funding rounds, starting with a seed round of $3.17 million, followed by three private funding rounds that eventually culminated in a $20 million Series A. An additional $1.76 million was raised through a public auction in March 2022 with CoinList. These funding efforts have propelled Solana's growth and positioned it as a prominent player in the blockchain space.

The SOL price reached its all time high of $259.69 back in November 7, 2021. Although the Solana price fell sharply and stagnated in the years following, the latter part of 2023 saw the token gain bullish momentum. SOL prices reached above $100 for the first time in almost two years during late January 2024, and continued its uptrend to hit $195.72 on March 24, 2024. Various factors have contributed to the Solana price rise, but many commentators attribute it to the growing strength of the network. Solana surpassed rival smart contract blockchain Ethereum for decentralized exchange (DEX) volume during March 2024, reportedly due to a flurry of activity surrounding Solana-based memecoins and a superior volume to total value locked for Solana.

Key tools and technologies in the Solana ecosystem

Launched in October 2021, the Jupiter swap aggregator is considered by many to be an influential part of Solana's success. Jupiter aggregates liquidity for Solana, helping users to find the best prices with minimal volatility and slippage.

Meanwhile, Magic Eden is the largest non-fungible token (NFT) marketplace on Solana. The platform allows users to buy, sell, and mint digital collectibles, and also provides various resources to help developers build their own projects. Although Magic Eden is a major NFT marketplace on the Solana network, it also supports other chains including Polygon, Base, Ethereum, and Bitcoin Ordinals.

Another key tool in the Solana ecosystem is Pyth Network. This blockchain oracle allows smart contracts to interact with real-world price data in real-time. Data is collected from a large quantity of sources including exchanges, market makers, and financial services providers. Significantly, Pyth Network can find and publish off-chain data on-chain, powering DApps (and their users) with access to high-fidelity real-time market data.

SOL distribution

The initial supply of SOL, totaling 500,000 tokens, was distributed among various entities involved in Solana's early funding rounds. Notably, a portion was allocated to investors in the Seed round, while another share was reserved for participants in the Series A rounds. Additionally, some tokens were sold in a public sale, and a portion was distributed among the founding team members who contributed to the project's development. Furthermore, the Solana Foundation, a not-for-profit entity supporting Solana initiatives, received its share of tokens. Lastly, a community reserve fund, managed by the Solana Foundation, also received a portion of the initial supply to support the broader Solana community.

About the founders

Anatoly Yakovenko, a software engineer, first introduced Solana in 2017 when he published a whitepaper where he proposed the concept of Proof of History and how it can optimize the throughput of blockchains. Before venturing into the blockchain ecosystem, Yakovenko worked at Qualcomm and Dropbox as a software engineer.

After introducing the Solana project, Yakovenko teamed up with one of his former Qualcomm colleagues, Greg Fitzgerald, to co-found Solana Labs, the software development company responsible for building and maintaining the Proof of History-based blockchain network. Along the line, Yakovenko and Fitzgerald recruited more former Qualcomm colleagues.

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Market cap
$103.08B #5
Circulating supply
538.05M / 605.75M
All-time high
$295.90
24h volume
$17.11B
4.1 / 5
SOLSOL
USDUSD
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