đ Launched in 2020 by visionary engineer Anatoly Yakovenko, Solana (SOL) was built with one bold mission: speed at scale. By combining its unique Proof of History (PoH) system with Proof of Stake (PoS), Solana can process thousands of transactions per second with ultra-low fees âĄđžâpositioning itself as a serious rival to Ethereum.
đ Why Developers Love Solana
⥠Lightning-fast transactions
đ° Minimal gas fees
𧩠Ideal for DeFi, NFTs, and Web3 gaming
The Solana ecosystem has exploded in growth, powering leading DeFi platforms like Serum and Raydium, hosting high-profile NFT collections, and enabling next-gen blockchain games đźđŒïž.
â ïž While Solana has faced challengesâincluding occasional network outages that sparked debates around decentralization and reliabilityâthe chain continues to evolve. Strong developer momentum, continuous technical upgrades, and growing institutional support keep Solana firmly in the spotlight.
đ SOL Token Utility
✠Used for transaction fees
đĄïž Staked to help secure the network
đ Core asset driving the Solana economy
đ° At CoinDesk, we bring you in-depth coverage of everything Solanaâfrom protocol upgrades and network performance to the booming DeFi & NFT ecosystems. Our reporting follows major partnerships, institutional adoption, and Solanaâs ongoing push to improve stabilityâwhile preserving its high-speed, low-cost edge đâĄ.
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