Convert and Swap Solana SOL to Moroccan Dirham MAD
SOL/MAD: 1 Solana equals MAD 2,040.42 MAD
Last update: 10:10 PM, January 15, 2025
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Solana is climbing this week.
The current price of Solana is MAD 2,040.42 per SOL. With a circulating supply of 484,509,693.272 SOL, it means that Solana has a total market cap of MAD 989,105,845,624.53. The amount of Solana traded has risen by MAD 13,793,003,260.06 in the last 24 hours, which is a 35.35% increase. Additionally, in the last day, MAD 39,018,575,809.74 worth of SOL has been traded.
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About Solana
Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization.
Solana (SOL) is an open-source project that leverages the decentralized nature of blockchain technology to provide solutions for decentralized finance (DeFi). Launched in March 2020 by the Solana Foundation, based in Geneva, Switzerland, Solana aims to facilitate the creation of decentralized applications (DApps). The Solana protocol is designed to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. This innovative hybrid consensus model has garnered interest from a diverse range of traders. A key focus for the Solana Foundation is to make decentralized finance more accessible on a larger scale.
Solana operates using a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. The proof-of-history is the main component of the Solana protocol, responsible for the majority of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain. The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, validating each sequence of blocks produced by it. This combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry. Solana's protocol is designed to serve both small-time users and enterprise customers alike, promising low transaction costs while still guaranteeing scalability and fast processing.
Solana's potential use cases span across various sectors, with a significant focus on decentralized finance (DeFi). By facilitating the creation of decentralized applications (DApps), Solana aims to make DeFi more accessible on a larger scale. Its hybrid consensus model allows for decreased validation times for both transaction and smart contract execution, making it attractive for institutional interest. Furthermore, Solana's protocol is designed to have low transaction costs while still ensuring scalability and fast processing, making it suitable for both small-time users and enterprise customers.
The idea and initial work on Solana began in 2017, but it was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. The key person behind Solana is Anatoly Yakovenko, whose professional career started at Qualcomm. In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020. One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
How Solana and Moroccan Dirham differ
Solana (SOL) and Moroccan Dirham (MAD) are two distinct forms of currency, each with its unique characteristics. Solana is a digital asset that operates on a blockchain, a decentralized and open-source technology. It aims to facilitate the creation of decentralized applications (DApps) and enhance the accessibility of decentralized finance (DeFi). Solana's unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms allows for efficient transaction processing and scalability. On the other hand, the Moroccan Dirham is a traditional fiat currency, regulated by the Moroccan government and centralized banking system. Unlike Solana, it doesn't rely on blockchain technology or consensus mechanisms for its operation. Instead, its value and circulation are controlled by the Moroccan central bank. While Solana seeks to make DeFi more accessible on a larger scale, the Moroccan Dirham is used for everyday transactions within Morocco and is subject to the country's economic policies.
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The exchange rate of Solana is increasing.
The current value of 1 SOL is MAD 2,040.42 MAD. In other words, to buy 5 Solana, it would cost you MAD 10,202.11 MAD. Inversely, MAD 1.00 MAD would allow you to trade for 0.000490 SOL while MAD 50.00 MAD would convert to 0.024505 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.57%. Meanwhile, in the last 24 hours, the rate has changed by 8.2%, which means that the the highest exchange rate of 1 SOL to Moroccan Dirham was MAD 2,037.21 MAD and the lowest 24 hour value was 1 SOL for MAD 1,864.80 MAD. This time last month, the value of 1 SOL was MAD 2,161.96 MAD, which is a 6.85% increase from where it is now. Looking back a year, Solana has changed by MAD 938.08 MAD.
SOL to MAD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MAD 1,882.95 MAD | 8.20% | MAD 1,972.30 MAD | 3.57% | MAD 2,161.96 MAD | -6.85% | MAD 938.08 MAD | 98.82% |
SOL to MAD
Amount | Today at 10:10 pm |
|---|---|
0.5 SOL | MAD 1,020.21 |
1 SOL | MAD 2,040.42 |
5 SOL | MAD 10,202.11 |
10 SOL | MAD 20,404.22 |
50 SOL | MAD 102,021.12 |
100 SOL | MAD 204,042.24 |
500 SOL | MAD 1,020,211.19 |
1,000 SOL | MAD 2,040,422.37 |
MAD to SOL
Amount | Today at 10:10 pm |
|---|---|
0.5 MAD | 0.000245 SOL |
1 MAD | 0.000490 SOL |
5 MAD | 0.0025 SOL |
10 MAD | 0.0049 SOL |
50 MAD | 0.0245 SOL |
100 MAD | 0.0490 SOL |
500 MAD | 0.25 SOL |
1,000 MAD | 0.49 SOL |
Today vs. 24 hours ago
Amount | Today at 10:10 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | MAD 1,020.21 | MAD 940.97 | +8.42% |
1 SOL | MAD 2,040.42 | MAD 1,881.94 | +8.42% |
5 SOL | MAD 10,202.11 | MAD 9,409.69 | +8.42% |
10 SOL | MAD 20,404.22 | MAD 18,819.38 | +8.42% |
50 SOL | MAD 102,021.12 | MAD 94,096.90 | +8.42% |
100 SOL | MAD 204,042.24 | MAD 188,193.81 | +8.42% |
500 SOL | MAD 1,020,211.19 | MAD 940,969.04 | +8.42% |
1,000 SOL | MAD 2,040,422.37 | MAD 1,881,938.08 | +8.42% |
Today vs. 1 month ago
Amount | Today at 10:10 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | MAD 1,020.21 | MAD 1,090.72 | -6.46% |
1 SOL | MAD 2,040.42 | MAD 2,181.45 | -6.46% |
5 SOL | MAD 10,202.11 | MAD 10,907.24 | -6.46% |
10 SOL | MAD 20,404.22 | MAD 21,814.48 | -6.46% |
50 SOL | MAD 102,021.12 | MAD 109,072.41 | -6.46% |
100 SOL | MAD 204,042.24 | MAD 218,144.82 | -6.46% |
500 SOL | MAD 1,020,211.19 | MAD 1,090,724.12 | -6.46% |
1,000 SOL | MAD 2,040,422.37 | MAD 2,181,448.24 | -6.46% |
Today vs. 1 year ago
Amount | Today at 10:10 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | MAD 1,020.21 | MAD 474.45 | +115.03% |
1 SOL | MAD 2,040.42 | MAD 948.89 | +115.03% |
5 SOL | MAD 10,202.11 | MAD 4,744.47 | +115.03% |
10 SOL | MAD 20,404.22 | MAD 9,488.93 | +115.03% |
50 SOL | MAD 102,021.12 | MAD 47,444.66 | +115.03% |
100 SOL | MAD 204,042.24 | MAD 94,889.33 | +115.03% |
500 SOL | MAD 1,020,211.19 | MAD 474,446.63 | +115.03% |
1,000 SOL | MAD 2,040,422.37 | MAD 948,893.25 | +115.03% |
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