Solana is a high-performance blockchain known for fast, cheap transactions, thousands per second for fractions of a cent. SOL is its native token, used for fees and staking.
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Solana launched in 2020 with a singular focus: speed. Its Proof-of-History innovation timestamps transactions before consensus is reached, enabling the network to process thousands of transactions per second with typical fees well under one cent.
That performance made Solana the home of high-activity use cases, DeFi trading, NFT marketplaces, payments, and consumer apps that would be too expensive to run on slower chains. It consistently ranks among the most actively used blockchains by daily transactions and active addresses.
SOL, the native token, pays network fees and secures the chain through staking. Validators and delegators earn staking rewards, and most major exchanges offer SOL staking directly.
After surviving the 2022 FTX collapse, FTX was an early backer. Solana rebounded strongly, with US spot Solana ETFs arriving in 2025 and institutional adoption continuing to broaden.
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Solana prioritizes raw speed and low cost on a single chain, thousands of transactions per second for under a cent, while Ethereum spreads activity across rollup networks. Solana trades some decentralization for that performance.
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