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.
Thumbnail
SOL
No value0% last 7 days
16
Cryptohunt's Opinion

Our take on Solana

There’s no denying that Solana is a technologically powerful blockchain and its team has helped usher in millions of new crypto users…but the explosion of its price (~$26 in July ‘21 to ~$260 in Nov. 21) seems to have been a serious bubble inflated by FTX, which used Solana as its main blockchain. With the collapse of FTX, much of Solana’s progress has been reeled back. We still think that Solana is, from a technical perspective, an excellent blockchain…but its ecosystem, which was heavily funded by SBF’s companies, has a tough battle to fight to regain its position as one of the top 10 blockchains.
#1
#2
#3
#4
#5
#6

How do you feel about Solana?

Get up to speed on Solana in less than 5 mins.

Complete these tasks to become a cryptohunt certified expert.
Course card
Beginner
What makes Solana special?
Has Solana found the perfect balance between speed and security? Learn all about the blazing-fast blockchain, Solana, with our friends at Web3 Pills!
9 min
4 lessons
  • Participant
  • Participant
  • Participant

Matthias +24 more took a lesson in this course

Podcast image
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.
#1

Transactions get validated in less than half a second, making it comparable to credit cards.

#2

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

#3

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
Positive review
Review author avatar
Disco43
2 mo. ago

I bought some

0
0
0
Solana
Negative review
Review author avatar
0xBrettH
7 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

0
0
0
Solana
Negative review
Review author avatar
mishalalex
7 mo. ago

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

0
0
0

Solana price and insights

See how much Solana is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 13 community reviews
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
66,666
3% 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
-
# Active Discord members
-
# Telegram members
66,666
# Active Telegram members
2,136

Join the conversation 💬

Log in or sign up to leave a comment