Solana Price - SOL/USD : $163.1387

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.