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Price statistics SOL
How much is Solana (price sol) now?
The current 2023.03.23 07:31 value of Solana (sol) against USD is 21.69.
Where can I buy or trade Solana (sol)?
Use our selection of exchangers or buy on the best crypto exchanges for the best conditions and rates.
How much was Solana worth at the peak of the market?
Solana was worth the maximum :price :date
What was the minimum cost of Solana?
The minimum cost of Solana was :price :date
Solana price today is $21.69 with a daily trading volume of 910470244. We update our Solana price to USD in real time. Solana has changed to -3.83861% in the last 24 hours. The current CoinLiq rating is #11 with a market cap of $8319409628.
When it comes to the latest developments in the cryptocurrency world, few coins stand out as much as Solana. First announced in 2017, Solana is often touted as the “e-commerce solution for the blockchain world.” Indeed, the platform aims to bring together users, businesses, and online marketplaces through blockchain technology.Read more
Despite the buzz surrounding the project, many questions remain for the average crypto user. What is Solana, and what purposes does it serve? Let's dive into the fundamentals of Solana cryptocurrency.
What Is Solana (SOL)?
Launched in 2018, Solana (SOL) is one of the newer cryptocurrencies on the market. However, the developers behind the platform deserve a bit of credit for creating something unique.
The SOL token serves as the backbone of the platform and functions as a currency to purchase goods and services on the Solana e-commerce marketplace. Additionally, the token can be used as a vehicle to participate in the voting process which decides which projects get greenlit and which ones get rejected. Essentially, you can use SOL to “buy” influence in the development of the platform.
How Is Solana Different From Other Coins?
Unlike most other cryptocurrencies, Solana doesn't claim to be the “silver” or “purest” form of Bitcoin, Ethereum, or any other blockchain platform for that matter. Instead, it embraces the “merit” of its design, drawing its name from the Sun and its ability to “solve” the issue of trust within the crypto community. As put by the project team:
- SOL solves the problem of Trust
- SOL is an open source [..] community driven project
- SOL's first focus is on e-commerce
- SOL is focused on solving real world problems
- SOL is building a Decentralized Trust ecosystem
This focus on solving real-world problems sets Solana apart from most other digital currencies. While the developers behind the project claim that their platform could ultimately become an important part of the Bitcoin ecosystem, for now, they are focusing on providing a separate, interoperable option.
Where Can I Buy And Store Solana (SOL)?
Anyone looking to purchase or store their Solana coins will need to visit certain cryptocurrency exchanges. Currently, Binance is the most popular exchange, offering USD deposits and withdrawals with no fees. Other exchanges that accept BTC, BCH, and ETH include Liquid, Gate.io, Changelly, and EtherDelta. Keep in mind that all these exchanges have their perks and quirks. For example, Binance is one of the only exchanges that offer free trading between major cryptocurrencies, like BTC and ETH.
As mentioned above, few coins stand out as much as Solana. The key reasons behind this are its unique approach to solving problems, the sleek design of its websites and apps, and the interoperability of its networks. With more than one industry giant, including Jack Ma and Richard Branson, investing in Solana, it seems the world is finally taking notice of this cryptocurrency.