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Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

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Coin’s Details

  • Market Capitalization

    $48.77 B

  • Fully diluted valuation

    $79.36 B

  • Volume 24H

    $1.51 B

  • Circulating supply

    300 291 260

  • Total supply

    488 630 611

  • Circ. percent

    61.5%

  • All-time high

    $213 (-24.1%)

  • All-time high date

    Sep 9th, 2021

  • All-time low

    $0.5008 (32 263%)

  • All-time low date

    May 11th, 2020

  • First announced

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