What is Solana (SOL)?

Solana is a blockchain technology that allows developers to build so-called decentralized apps, or financial systems, on its infrastructure. That could be anything from currencies, to loans, to NFTs. It has very similar goals as Ethereum but aims to handle massive transaction volumes without compromising security and decentralization. In other words, it wants to replace Ethereum with none of the bottlenecks. To achieve that, Solana invented a process called “proof of history”, which helps its proof of stake consensus mechanism currently handle an unparalleled amount of transactions per second.
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SOL
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Cryptohunt's Opinion

Our take on Solana

We really like what Solana has already achieved and think it has a decent shot at becoming the standard for a new decentralized digitial financial system. It is able to handle transaction volumes that allow it to compete with Credit Card companies like Visa, and supports building of financial applications, turning it into programmable money. But although it is rapidly growing, it remains to be seen if it can take on the much larger sibling Ethereum, which is also aiming to solve the same problems, but is taking much longer.
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How do you feel about Solana?

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Listen to "What makes Solana special?"
Solana has the goal to handle massive transaction volumes without compromising security and decentralization. Learn more about it. · 2 mins
What makes Solana special?
Solana is a on its own, uses to validate transactions, and is. Solana also supports.

Interesting facts about Solana

Here are some facts you may not already know about Solana. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Transactions get validated in less than half a second, making it comparable to credit cards.

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Solana is very energy-efficient, with each transaction using just a little more than a Google search.

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Solana is one of the fastest blockchains, supporting up to 10,000 transactions per second.

Solana reviews from the cryptohunt community

Dive deeper into the different opinions about Solana and learn how others feels about it.
Solana
Negative review
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0xBrettH
3 mo. ago

While Solana has the best transaction speed and has brought a lot of investment into the space, the market cap of the chain now doesn't leave as much growing room in comparison to similar chains (cough, cough NEAR Protocol). That being said, the amount of system downtime that Solana has experienced isn't deterring investors, so any negative price action for Solana could be a great time to buy the dip. NFA + DYOR

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Solana
Negative review
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mishalalex
3 mo. ago

Frequent outages, less decentralisation, high barrier of entry to become a node operator

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Solana
Positive review
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Kabbenbock
6 mo. ago

Faster is better!

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Solana price and insights

See how much Solana is worth and learn from other insightful metrics
No value
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24H30D
Community Reviews
Based on 12 community reviews
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
133,495
7% of them are active
# Telegram members
74,204
2% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Solana, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
133,495
# Active Discord members
9,459
# Telegram members
74,204
# Active Telegram members
1,769

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