Solana SOL

Cryptocurrency · Layer 1 · Proof of History (PoH) · launched in 2020

№7of 40 004

$101.98
Price −2.4%: $60.32 billion
Capitalization: $2.28 billion
Volume over 24 hours: 2.23%
Dominance

About the coin

Circulating supply: 589.76 million SOL
Total supply: 636.4 million SOL
Maximum supply: Unlimited
Fully diluted capitalization: $65.09 billion
24h high: $105.20
24h low: $100.33

Solana is a high-performance blockchain for smart contracts and decentralized applications. It was launched in 2020 based on an idea by Anatoly Yakovenko. The network combines the Proof-of-Stake algorithm with Proof-of-History technology, which orders transactions over time. This enables processing a vast number of operations quickly and with minimal fees. The native cryptocurrency SOL is used for paying fees and staking: holders delegate coins to validators and earn rewards. Solana hosts DeFi protocols, NFT marketplaces, payment services, and stablecoins. SOL ranks among the largest cryptocurrencies by market capitalization.

Additional information

Project website Whitepaper Block explorer

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Amount of SOL

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Reference rate: 1 SOL = $101.98, $1 = 11 903.15 sum.

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FAQ

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Solana is a blockchain platform for smart contracts and decentralized applications known for high speed and low fees. SOL is the network's native cryptocurrency: it is used to pay transaction fees and for staking.
Anatoly Yakovenko, a former Qualcomm engineer, proposed the idea of Solana. He founded Solana Labs, which developed the blockchain. The mainnet was launched in 2020. The Solana Foundation, a nonprofit organization, along with independent developer teams, oversees the ecosystem's development.
Proof-of-History is a technology that creates a cryptographic timestamp for each transaction in the network. Validators don't need to spend time agreeing on the order of events, which significantly speeds up blockchain operations. Network security is ensured by the Proof-of-Stake algorithm.
No. SOL is not mined. Validators who stake SOL confirm transactions. New coins are issued as staking rewards, and a portion of transaction fees is burned.
A SOL holder can delegate coins to one of the validators directly from their wallet and receive a portion of the reward for block confirmation. The coins remain with the owner but are locked during staking. There is also liquid staking: instead of locked SOL, the user receives a token that can be used in DeFi.
The network processes a large number of transactions in parallel, so the base fee for a transfer is a fraction of a cent. During high-load periods, users can add a priority fee to have their transaction processed faster.
SPL is the token standard on the Solana network, analogous to ERC-20 on Ethereum. Under this standard, stablecoins such as USDC and USDT, project tokens, and memecoins are issued on Solana. When transferring such tokens to an exchange or wallet, it is important that the recipient supports the Solana network.

Legal status of crypto assets in Uzbekistan

This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.

Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.

The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at napp.uz.