$SOL Solana ($SOL) is a high-performance blockchain known for its speed, scalability, and low transaction costs. It uses a unique Proof of History (PoH) mechanism combined with Proof of Stake (PoS), enabling over 65,000 transactions per second. Solana supports smart contracts and decentralized applications (dApps), making it popular for DeFi, NFTs, and gaming platforms. Despite past outages, recent upgrades have improved network stability. Institutional interest and ecosystem growth have boosted SOL’s price in 2025. It’s often viewed as a major Ethereum competitor. However, centralization concerns and security challenges remain. $SOL continues to attract developers and investors seeking fast, efficient blockchain solutions.