Solana
SOL Price
How is the price of Solana (SOL) calculated?
The price of Solana (SOL) is calculated in real-time by aggregating the latest data across 166 exchanges and 382 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Solana Price Chart (SOL)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.2% | 6.6% | 0.8% | 5.0% | 4.9% | 231.1% |
SOL Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$109,292,029,295 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.81 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$134,970,418,203 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$7,629,570,662 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
477,730,148
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
589,973,837 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
∞ |
SOL Historical Price
| 24h Range | $211.94 – $230.58 |
|---|---|
| 7d Range | $205.09 – $244.36 |
| All-Time High |
$263.21
13.2%
Nov 23, 2024 (18 days)
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| All-Time Low |
$0.5008
45531.6%
May 11, 2020 (over 4 years)
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How do you feel about SOL today?
Recently happened to Solana
About Solana (SOL)
Solana is a Layer 1 blockchain that offers users fast speeds and affordable costs. It supports smart contracts and facilitates the creation of decentralized applications (dApps). Projects built on Solana include a variety of DeFi platforms as well as NFT marketplaces, where users can buy Solana-based NFT projects. Its high performance means Solana doesn’t require a traditional scaling Layer 2 solution; instead, Layer 2s on Solana focus on interoperability and connecting Solana to other chains.
Solana combines the Proof-of-History (PoH) consensus mechanism alongside the more common Proof-of-Stake. This ensures Solana achieves consensus more quickly while reducing the workload and solving the blockchain trilemma, where developers have to balance decentralization, security, and scalability.
What is Proof of History?
Proof-of-History is a time-based consensus mechanism that develops a historical record of an activity based on its position in the blockchain, which is represented by a hash tree. This lets any node quickly verify the order of all transactions by checking the hashes on the hash tree, allowing for fast and efficient validation without requiring the nodes to store the full history of every transaction.
Who founded Solana?
Anatoly Yakovenko, Solana's main founder, created the first version of Proof-of-History (PoH) in 2017. Teaming up with Raj Gokal, Greg Fitzgerald, and Stephen Akridge, they worked on building a high-performance blockchain that would solve scalability issues faced by popular blockchains like Ethereum, which often became slow and expensive at times of high demand. Solana Labs was launched in 2018 to support these efforts, and Solana was officially launched in 2020.
What can Solana be used for?
With its fast transactions and low gas fees, Solana has attracted many developers to build their protocols on its blockchain. Today, the Solana ecosystem consists of a diverse range of projects, such as:
- DEXs like Radium allow users to swap tokens on Solana. Users can also provide liquidity to earn trading fees.
- DePIN projects like Helium reward users for providing physical infrastructure resources such as wireless connectivity and data storage.
- Liquid Staking protocols like Jito allow users to deposit their assets on the platform and be rewarded with liquid staking tokens.
- Memecoins like dogwifhat and Book of Meme
Solana Outages
Solana has faced recurring network outages, totaling eight major and ten partial incidents at the time of writing. These have ranged from a 17-hour downtime in September 2021 to a 5-hour outage in February 2024, caused by issues like bot transactions and bugs.
In response, Solana's team has implemented various upgrades such as a new data transfer protocol called QUIC, a stake-weighted Quality-of-Service to ensure transaction packets are sent to the leader, and local fee markets to send priority fees to validators.
Solana Key Events
The Solana team has been working hard improving its blockchain and ecosystem. One example is Solana’s growing validator client diversity with Jito Labs, Firedancer and Sig, which is important for blockchain resilience and decentralization as it minimizes the risk of bugs and any single client compromising the entire chain.
Secondly, Solana introduces its new compiler Solang that is compatibility with Ethereum Solidity. It allows Ethereum smart contract developers to deploy smart contracts on Solana without Rust or C, Solana’s primary programming language.
In 2023, Solana has unveiled its own Web3 smartphone Saga with a native store for dApps. Unfortunately, the Saga received negative reviews with a YouTuber MKBHD stating that the features didn’t justify the US$1,000 price tag.
What is the utility of SOL token?
SOL is the native token of the Solana blockchain. It can be used to pay for transaction fees (also known as gas fees) when sending transactions or interacting with smart contracts. It can also be used to secure the network through staking. Users can either stake their SOL directly, or delegate their holdings to an active validator in exchange for a share of the rewards.
If you would like to learn more, read our deep dive article covering what is Solana and how it works.
Where can you buy Solana?
SOL tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Solana is Binance, where the most active trading pair SOL/FDUSD has a trading volume of $520,878,701.47 in the last 24 hours. Other popular options include Coinbase Exchange and OKX.
What is the daily trading volume of Solana (SOL)?
The trading volume of Solana (SOL) is $7,629,570,661.60 in the last 24 hours, representing a -33.50% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Solana (SOL)?
The highest price paid for Solana (SOL) is BTC0.004608, which was recorded on Nov 23, 2024 (18 days). Comparatively, the current price is -13.20% lower than the all-time high price.
What is the all-time low for Solana (SOL)?
The lowest price paid for Solana (SOL) is BTC0.00004553, which was recorded on May 11, 2020 (over 4 years). Comparatively, the current price is 45,531.60% higher than the all-time low price.
What is the market cap of Solana (SOL)?
Market capitalization of Solana (SOL) is BTC1,077,395.1350 and is ranked #5 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SOL tokens (480 Million tokens are tradable on the market today).
What is the fully diluted valuation of Solana (SOL)?
The fully diluted valuation (FDV) of Solana (SOL) is BTC1,330,531.3560. This is a statistical representation of the maximum market cap, assuming total number of 590 Million ETH tokens are in circulation today.
How does the price performance of Solana compare against its peers?
With a price decline of -0.80% in the last 7 days, Solana (SOL) is underperforming the global cryptocurrency market which is up 0.80%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 3.10%.
Solana Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
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$228.39 | 0.01% | $9,083,146 | $7,179,746 | $1,048,508,017 | 13.8% |
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| 2 |
CEX
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$228.38 | 0.02% | $1,779,693 | $2,021,439 | $520,878,701 | 6.84% |
Recently
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| 3 |
CEX
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$228.52 | 0.01% | $3,020,827 | $2,460,685 | $352,912,899 | 4.64% |
Recently
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| 4 |
CEX
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$228.39 | 0.01% | $3,747,680 | $3,300,018 | $214,262,971 | 2.82% |
Recently
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| 5 |
CEX
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$228.57 | 0.02% | $4,926,691 | $5,012,081 | $269,018,168 | 3.54% |
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| 6 |
CEX
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$228.72 | 0.01% | $3,778,727 | $4,177,304 | $200,191,148 | 2.63% |
Recently
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| 7 |
CEX
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$228.83 | 0.01% | $1,354,053 | $1,219,412 | $175,924,968 | 2.31% |
Recently
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| 8 |
CEX
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$228.65 | 0.01% | $7,933,149 | $7,791,232 | $131,667,995 | 1.73% |
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| 9 |
CEX
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$228.64 | 0.01% | $4,548,657 | $4,487,588 | $130,339,186 | 1.71% |
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| 10 |
CEX
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$228.30 | 0.01% | $924,660 | $276,813 | $94,002,668 | 1.24% |
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