Solana Price - SOL/AUD : $206.7430

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Order book SOL / AUD

SOL: AUD 207.1380
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SOL: AUD 206.7771
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What is Solana (SOL)?

Solana is a high-performance layer-one protocol built for scalability and high throughput. With a focus on fast speeds and low transaction fees, the network was specifically designed to support high-use applications.

Solana aims to solve the congestion issues currently choking the Ethereum network by providing an alternative computing platform that also offers smart contracts. Like Ethereum, Solana is both a cryptocurrency and a blockchain that allows developers to build decentralised applications (dApps).

It is not necessary to have blockchain experience or knowledge of smart contracts to begin building on Solana. Programs is Solana’s smart contracts development tool. Rust C and C++ are used to write programs on Solana that are deployed on-chain. The protocol also supports other programming languages and is compatible with third-party clients including Solidity (Ethereum) and Substrate (Polkadot).

Solana’s ability to scale combined with its low network fees makes it an attractive choice for many new play-to-earn Web3 apps and crypto games. The Solana ecosystem, however, boasts a diverse and expansive range of products that extends way beyond gaming to include; NFTs, music apps, decentralised finance (DeFi) and even decentralised exchanges (DEXs).

The native token of the Solana blockchain is SOL, which is used as a utility token to pay for transactions on the network. SOL token holders can also stake their SOL and receive rewards. At the time of writing, Solana (SOL) has a circulating supply of 360 million coins and a total supply of approximately 533 million.

To learn more about Solana you can visit Solana’s official website.

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No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.


Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.

We keep your assets safe. That is our promise.

Sole custodian

Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.