Solana
SOL
Crypto
Decentralised Networks
USD 90.16+0.54%
Solana
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2020
Year of creation
Description
Solana (SOL) is a Decentralised Networks crypto coin. Solana`s origin block was generated on 2020-03-16. More information can be found at https://solana.com.
Key Technical Advantages:
The proposed blockchain architecture is based on Proof of History (PoH), a method for verifying the order and passage of time between events, leading to sub-second finality times. PoH can reduce messaging overhead in a Byzantine Fault Tolerant replicated state machine when used with consensus algorithms like Proof of Work (PoW) or Proof of Stake (PoS). The proposed system can achieve up to 710k transactions per second on a 1 Gbps network with current hardware, making it highly efficient compared to existing solutions. Bonding and slashing mechanisms in the Proof of Stake Consensus ensure validator accountability, and a supermajority vote (2/3 of validators) is needed for network consensus. The architecture is designed to resist various attacks, such as spam, partial erasure, and collusion with PoH generator, maintaining network security and stability. Content summarized by AI chatbotSource:
https://solana.com/solana-whitepaper.pdfKey figures
-44.4%1Y
109%3Y
-65.3%5Y
Performance
90/ 891D
116/ 881M
170/ 601Y
Highs/ Lows
24.01.2025
USD 269.03
All Time High
33.51%
% of All Time High
-77.45%All Time
-64.36%1 year
Max drawdown
#7
Ranking by Market Cap
53,149.20 M
Market cap (USD)
0.00%
% of Market
440.306 B
Category Market Cap (USD)
12.07%
% of Category
637127766
Circulating Supply
590342529
Liquid Supply
92.66%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
1904412363
Volume Traded
4.66%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
3.72
Innovation:
3.91
Society:
3.61
Nature:
3.32
Matthew Sherrington
Mildly predictable volatility stemming from minorly delayed correlation to other cryptocurrencies and exposure to news
Positive future outlook on a tokenisation of RWAs and moving equities trading onchain standpoint, amongst other developments. Lots of utility to be foreseen at different layers
Mohammad ilmil muqries bin jaafar
the only thing that makes me laugh
Adam Hakimi Bin Hasni
not performing well
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