Why Solana (SOL) Is Bullish Today 2023?
Solana (SOL) price has increased today.
Solana price today is $16.04 with a 24-hour trading volume of $1,050,325,312. SOL price is up 20.4% in the last 24 hours. It has a circulating supply of 370 Million SOL coins and a total supply of 538197029.666616. If you are looking to buy or sell Solana, DigiFinex is currently the most active exchange.
About Solana (SOL)
Solana is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. Built by a team of networking engineers, Solana aims to become the blockchain infrastructure for modern internet applications. Solana’s native currency is SOL, which can be used to pay for transaction fees and staking in order to support the network.
Founding Team Behind Solana
Solana was founded by 4 co-founders, led by Anatoly Yakovenko. Anatoly Yakovenko wrote and published a whitepaper on the concept of Proof of History in November 2017. Proof of History is a concept introduced to keep the time between computers in a network in sync which forms the basis for scaling the number of transactions.
Greg Fitzgerald, who used to be Anatoly’s colleague at Qualcomm participated in the project by suggesting and writing the Proof of History codebase in Rust, a popular opens source programming language. Stephen Akridge and Raj Gokal joined the project shortly later and together the 4 individuals incorporated the new blockchain network called Solana in 2018.
What Makes Solana Unique?
Solana is a general-purpose blockchain similar to Ethereum. It has a different technical underlying such that developers write applications using Rust instead of Solidity or Vyper. End-user applications in the Solana ecosystem include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, e-commerce, and more. One of its biggest features is its scalability in which Solana has claimed to be able to process over 700,000 transactions per second, which appeals to high-frequency traders.
Where can Solana be traded?
You can trade Solana on DigiFinex, Coinbase Exchange, and Binance. Popular trading pairs for Solana in the market include SOL/USD, SOL/CAD, SOL/AUD, SOL/GBP, SOL/INR, and SOL/PHP.
What is the 24-hour trading volume of Solana?
The 24-hour trading volume of Solana is $1,050,325,312.
What is the highest price for Solana?
The all-time high price of Solana was $259.96 on Nov 06, 2021 (about 1 year).
What is the lowest price for Solana?
The all-time low price of Solana is $0.500801 on May 11, 2020 (over 2 years).