Solana (SOL) is a high-performance Layer‑1 blockchain designed for fast, low-cost, and scalable decentralized applications (dApps) and crypto projects. Launched in 2020, Solana uses a Proof-of-History (PoH) combined with Proof-of-Stake (PoS) consensus mechanism, allowing thousands of transactions per second with minimal fees.

The SOL token serves multiple purposes: staking to secure the network, paying transaction fees, participating in governance, and fueling DeFi and NFT applications. Solana’s ecosystem supports DeFi protocols, NFTs, gaming, and Web3 applications, making it one of the most widely adopted blockchains for high-throughput decentralized solutions.