Solana Price - SOL/USD : $133.5250

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Order book SOL / USD

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Solana: USD 134.8200
Usd
Usd
Sol
Sol
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Solana: USD 134.4500
Sol
Sol
Usd
Usd
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Sell Solana with Bank transferSell Solana with PayIDSell Solana with SWIFT

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What is Solana (SOL)?

Solana is a cryptocurrency and decentralised blockchain. It is a high-performance layer 1 protocol specifically designed to scale and handle high throughput. Solana aims to support the global adoption of Web 3 products to enable user-friendly apps for the world.

Like Ethereum, Solana features its own smart contracts development tool, called Programs. As an alternative to the Ethereum network, which is notorious for its scalability issues and high transaction fees; Solana offers an easy-to-use and cost-efficient computing platform for developers to build decentralised applications (dApps).

Programs (smart contracts) on Solana are written in Rust, however, the protocol can support other programming languages, including C++ and Solidity (Ethereum). It is also compatible with Substrate (Polkadot) and other third-party clients.

Solana's ability to provide scalable transactions while keeping network fees low makes it an attractive choice for new technologies. The Solana ecosystem includes Non-Fungible Tokens (NFTs), crypto games, music apps, decentralised finance (DeFi), and decentralised exchanges (DEXs).

Solana's native cryptocurrency is SOL, which is used to pay transaction fees on the Solana blockchain. People who hold SOL tokens can stake their coins and receive SOL rewards. SOL has a circulating supply of 360 million with a total market cap of 533 million.

Visit Solana’s official website to learn more about Solana.

Frequently asked questions

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How we treat client assets

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.

Audited

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 a 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.