Solana Price (SOL-USD)

Founded in 2017, Solana blockchain is based on the Proof-of-History (PoH) mechanism in combination with the Proof-of-Stake (PoS) mechanism. The open source project offers solutions for decentralized finance (DeFi) and decentralized applications (DApp) and the combination of PoH and PoS enables scalability and usability. The protocol provides fast processing times (3,812 TPS) and lower cost per transaction ($0.00025), which has led to increasing participation from regular users as well as enterprises. The maximum supply of SOL coins is capped at 489 million, with around 260 million coins already in circulation. The network is spread over thousands of independent nodes, which makes it secure, and boasts of 400 millisecond block times already.