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Solana

SOL

Rank #5
$ 104.42
-2%
24H Low$100.6
24H High$106.55
24H Volume
2.67B
All-Time High(ATH)
$259.96
All-Time Low(ATL)
$0.5008
Market Cap
45.92B
Fully Diluted Valuation
59.38B
Market Cap/FDV
0.7733
Circulating Supply
440.96M SOL
Total Supply
570.21M SOL
Max Supply
Market Sentiment
--
* Data from 3rd parties

Solana (SOL) Price Trends

Time period
Change amount
% Change
1H
$ 0.4294
0.41%
24H
$ -2.09
-2%
7D
$ -10.01
-9.58%
14D
$ 3.21
3.08%
30D
$ 23.4
22.41%
1Y
$ 350.04
335.22%

Live Solana (SOL) Price Update

Solana price today is $104.42 with a 24-hour trading volume of 2.67B, and as such Solana has a market cap of 45.92B, giving it a market dominance of 2.09%. The Solana price moved -2% in the last 24 hours.

Solana reached its highest price on 2021-11-06 when it was trading at its all-time high of $259.96, while its lowest price was recorded on 2020-05-11 when it was trading at its all-time low of $0.5008. The current lowest price since the last cycle high was $0.5008, and the highest price since the last cycle low was $259.96. The social sentiment of Solana is currently Positive.

The current circulating supply of Solana is 440.96M SOL. In terms of market cap, Solana is currently ranked 5.

About Solana (SOL)

SOL is Solana's native token, which can be used for transfer, transaction, value storage, payment of blockchain usage fees, etc. Solana's initial concept and framework were conceived in 2017, and the token was officially issued in 2020. Its goal is to create a distributed, trust free protocol that can rapidly increase the system's information processing capacity. Solana uses the PoS and PoH double consensus mechanism to run the network, aiming to solve the time problem in the distributed network. This innovative mixed consensus mechanism model has attracted considerable attention since SOL was launched.


How does Solana (SOL)Work?

Solana operates the blockchain network using the double consensus mechanism of proof of stake (PoS) consensus mechanism and proof of history (PoH) consensus mechanism. The proof of stake (PoS) consensus mechanism enables about every 4 blocks in Solana network to randomly select a lead validator according to the number of SOL staked by the nodes. The lead validator writes the new transaction records into the blockchain, and the other nodes validate whether the records are correct. The proof of history (PoH) consensus mechanism establishes a time sequencing structure for each transaction record on the Solana blockchain, so that each node seems to have a common set of clocks on the chain, and can continue to work without waiting for other nodes to broadcast, while ensuring the correctness of transaction sequencing.


What is Solana (SOL)?

The total circulation of SOL is 500 million, which is the only token on Solana. In addition to staking SOL to become a validator of Solana network, users can also trust SOL to trusted validators. As an agent, validators can earn rewards by operating and maintaining the Solana network.


Solana (SOL) Crypto Wallet

In addition to placing SOL in the Gate.io exchange to facilitate trading, SOL can also be placed in a crypto wallet.

Sollet, SolFlare, Solong and other wallets are officially recommended by SOL. Users can learn about the operation process and wallet characteristics on the relevant official websites.

FAQs

1. What determines the price movement of Solana?

There are two schools of thought in determining the price of Solana.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Solana, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Solana from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Solana on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Solana as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Solana and the cryptocurrency market as a whole.

Solana (SOL) News

Solana (SOL) Announcements

Gate.io Has Added Weekly and Biweekly SOL, ARB & LINK Delivery Futures

Gate.io has added support for delivery futures SOL_USDT weekly and biweekly, ARB_USDT weekly and biweekly, and LINK_USDT weekly and biweekly. More details on the delivery futures contracts can be found in the tables below: SOL_USDT Weekly, Biweekly Trade the SOL futures at: https://www.gate....
readings: 7892Posted:

Gate.io Has Added Project sols (SOLS) Perpetual Contract

Gate.io has added SOLS/USDT perpetual contract trading (USDT margin), supporting up to 10X leverage. The funding interval of SOLS/USDT is every 4 hours. Trade SOLS/USDT perpetual contract at: https://www.gate.io/futures/USDT/SOLS_USDT You can also practice your skills at your demo account...
readings: 6894Posted:

Gate.io will list sols (SOLS)

Gate.io is going to commence sols (SOLS) trading on 04:00 AM Dec 14th, 2023 UTC.
readings: 21258Posted:

Gate.io will Commence Deposit for Solscription Project $sols (SOLS)

Gate.io is going to commence $sols (SOLS) trading. The trading start time is to be additionally announced.
readings: 25766Posted:

Gate.io To Resume the Trading of Lido Staked SOL (STSOL) and Tortuga Staked Aptos (TAPT)

Due to market risk control measures, Gate.io has suspended the trading of Lido Staked SOL _STSOL_ and Tortuga Staked Aptos _TAPT_. According to the updates from the project party, the security risk has now been removed.
readings: 25463Posted:

Gate.io Will Upgrade Borrowing Features for Isolated Margin Trading

To provide improved user experience and optimize the borrowing features for isolated margin trading, Gate.io will upgrade the borrowing service for all isolated margin traders who have not upgraded yet from 06:00 -10:00 on April 12, 2023 _UTC_. After this upgrade, the new borrowing services will...
readings: 20406Posted:
Date
Market Cap
Volume
Open
Close
2024-02-25
$1.44B$45.95B$104.19N/A
2024-02-24
$2.02B$44.2B$100.09$104.19
2024-02-23
$2.3B$44.97B$102.04$100.09
2024-02-22
$2.73B$46.45B$105.34$102.04
2024-02-21
$2.87B$47.89B$108.56$105.34
2024-02-20
$1.98B$49.01B$111.28$108.56