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Solana

SOL

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Market

Market stats

Market cap

$59.7B

Volume (24h)

$6.0B

Circulating supply

442.7M SOL

Typical hold time

200 days

Popularity

#5

All time high

$260.00

Price change (1h)

+1.13%

Price change (24h)

+4.9%

Price change (7d)

+30.76%

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.

Launched in March 2020 by the Solana Foundation, based in Geneva, Switzerland, Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It seeks to improve scalability through a different approach in the blockchain industry, combining a proof-of-history (PoH) consensus with the blockchain's underlying proof-of-stake (PoS) consensus. This approach has attracted interest from a diverse range of traders, from small-scale individuals to institutional entities. Solana claims it can process around 50,000 transactions per second. Like Ethereum, Solana is both a cryptocurrency and a flexible platform for running decentralized apps (dapps) or minting NFTs, with its cryptocurrency (SOL) available to buy and sell via exchanges like Coinbase.

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Coinbase Bytes

Christmas tree made of Bitcoins

Year in Review: Tallying up the numbers behind 2023’s biggest Solana headlines

COINBASE BYTES • DEC 20, 2023

There’s never a dull year on the blockchain. So, to round out 2023, we took a look back at the numbers that shaped the news.
    The approximate total value locked into DeFi protocols on Solana’s blockchain was $1 billion, up from around $210 million at the start of the year. The Ethereum alternative had a breakout year, with prices up more than 600% to around $80 as of Wednesday. 
    Crypto’s total market cap has reached $1.66 trillion as of Tuesday — a roughly 100% increase since the beginning of the year. After experiencing historically low volatility for much of 2023, prices began ramping up sharply this fall (shout out to “Uptober”!) as optimism grew that the SEC might soon approve one of Wall Street’s “spot” BTC ETF applications.
Staring into the cryptoball: Breaking down 9 predictions that could shape 2024

Staring into the cryptoball: Breaking down 9 predictions that could shape 2024

COINBASE BYTES • JAN 04, 2024

SOL’s comeback might not be done, and buzzy protocols could fuel Solana’s next phase.
    Last year saw the low-fee Ethereum alternative Solana bounce back in a big way. After crashing in the wake of FTX’s collapse, SOL’s 2023 gains topped 1000%, leading research firm Messari to declare the token “crypto’s comeback player of the year.”
    A range of buzzy projects built on the network — including the decentralized broadband protocol Helium, speedy DeFi tools like Jupiter, and an improving payments ecosystem that counts Visa and Shopify among its adopters — could help power SOL into 2024. 

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Solana is on the rise this week.

The price of Solana has increased by 1.13% in the last hour and increased by 4.90% in the past 24 hours. Solana’s price has also risen by 30.76% in the past week. The current price is $134.48 per SOL with a 24-hour trading volume of $5.99B. Currently, Solana is valued at 48.28% below its all time high of $260.00. This all-time high was the highest price paid for Solana since its launch.

The current circulating supply of Solana is 442,703,821.444 SOL which means that Solana has as total market cap of 442,703,821.444.

FAQ

What is the current price of Solana?

We update our Solana to USD currency in real-time. Get the live price of Solana on Coinbase.

What is the market cap of Solana?

The current market cap of Solana is $59.72B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Solana?

The all-time high of Solana is $260.00. This all-time high is highest price paid for Solana since it was launched.

What is the 24 hour trading volume of Solana?

Over the last 24 hours, the trading volume of Solana is $5.99B.

What other assets are similar to Solana?

Assets that have a similar market cap to Solana include Bitcoin, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.

How many Solana are there?

The current circulating supply of Solana is 443 million.

What is the typical holding time of Solana?

The median time that Coinbase customers hold Solana before selling it or sending it to another account or address is 200 days.

What is the relative popularity of Solana?

Solana ranks 8 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Solana?

Currently, 96% of Coinbase users are buying Solana. In other words, 96% of Coinbase customers have increased their net position in Solana over the past 24 hours through trading.

Can I buy Solana on Coinbase?

Yes, Solana is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Solana guide.

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