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Solana (SOL)

Solana (SOL)

The price of Solana is $20.87, a -5.08% change over the last 7 days. Learn more about Solana’s price history, how it works, and how to invest.

By:
Updated: Mar 20, 2023
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Overview
Markets
Historical Data
Price Statistics
Solana price today
24h Change $0.20
24h Low $20.18
24h High $21.13
Market Cap $8.01B
Trading Volume (24h) $250.53M
Market Dominance 1%
Market Rank #11
Circulating Supply 383.90M
Max Supply -

Solana markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
SOL/USDT $20.87 $2,034,427.38 $2,265,486.80 48,205,166 Recently
2
Binance Binance
SOL/BUSD $20.89 $611,421.93 $681,352.94 16,044,534 Recently
3
Coinbase Exchange Coinbase Exchange
SOL/USD $20.87 $2,259,902.73 $2,210,180.87 13,723,101 Recently
4
KuCoin KuCoin
SOL/USDT $20.83 $1,037,483.51 $1,224,925.60 8,910,208 Recently
5
Binance Binance
SOL/BTC $20.86 $384,912.54 $494,702.99 4,901,153 Recently
6
Kraken Kraken
SOL/USD $20.87 $519,483.49 $756,894.97 3,916,538 Recently
7
Bithumb Bithumb
SOL/KRW $21.45 $201,426.38 $150,769.27 2,437,889 Recently
8
Binance Binance
SOL/EUR $21.03 $54,422.11 $96,902.63 2,097,049 Recently
9
Coinbase Exchange Coinbase Exchange
SOL/USDT $20.86 $172,015.58 $216,974.68 660,578 Recently
10
Binance Binance
SOL/TRY $21.55 $144,590.98 $171,906.75 1,279,233 Recently
1
Binance Binance
SOL/USDT $20.85 $0 $0 267,714,187 Recently
2
Binance Binance
SOL/BUSD $20.85 $0 $0 36,067,622 Recently
3
Binance Binance
SOL/USD $20.84 $0 $0 14,545,870 Recently
4
KuCoin KuCoin
SOL/USDT $20.84 $0 $0 9,786,194 Recently
5
Kraken Kraken
SOL/USD $20.87 $0 $0 626,240 Recently
6
Deribit Deribit
SOL/USDC $20.85 $0 $0 177,223 Recently
7
Bitfinex Bitfinex
SOL/USTC $37.26 $0 $0 221,798 Recently
8
dYdX dYdX
SOL/USD $20.83 $0 $0 15,867,720 Recently
9
BitMEX BitMEX
SOL/USDT $20.83 $0 $0 402,981 Recently
10
Bybit Bybit
SOL/USDT $20.86 $0 $0 118,610,422 Recently
11
OKX OKX
SOL/USDT $20.86 $0 $0 39,155,075 Recently
12
Gate.io Gate.io
SOL/USDT $20.85 $0 $0 5,737,028 Recently
13
Huobi Huobi
SOL/USDT $20.84 $0 $0 5,370,827 Recently
14
Poloniex Poloniex
SOL/USDT $20.83 $0 $0 165,705 Recently
15
Bitget Bitget
SOL/USDT $20.84 $0 $0 17,195,121 Recently
16
Crypto.com Exchange Crypto.com Exchange
SOL/USD $20.85 $0 $0 948,227 Recently
17
Phemex Phemex
SOL/USD $20.86 $0 $0 60,209,128 Recently
18
MEXC MEXC
SOL/USDT $20.85 $0 $0 35,396,353 Recently
19
CoinEx CoinEx
SOL/USDT $20.84 $0 $0 3,552,858 Recently
20
LBank LBank
SOL/USDT $20.85 $0 $0 8,688,274 Recently
21
Delta Exchange Delta Exchange
SOL/USDT $20.84 $0 $0 366,108 Recently
22
AscendEX (BitMax) AscendEX (BitMax)
SOL/USDT $20.87 $0 $0 63,270 Recently
23
BitMart BitMart
SOL/USDT $20.84 $0 $0 39,383,986 Recently
24
Kine Protocol Kine Protocol
SOL/USD $20.83 $0 $0 23,508,441 Recently
25
BIT BIT
SOL/USD $20.85 $0 $0 3,675,817 Recently
26
Bitrue Bitrue
SOL/USDT $20.84 $0 $0 3,130,125 Recently
27
Globe Derivative Exchange Globe Derivative Exchange
SOL/USD $20.85 $0 $0 577,808 Recently
28
WOO X WOO X
SOL/USDT $20.86 $0 $0 65,247 Recently
29
ApolloX ApolloX
SOL/USDT $20.88 $0 $0 432,142 Recently
30
ApolloX ApolloX
SOL/BUSD $20.71 $0 $0 7,701 Recently
31
BTCEX BTCEX
SOL/USDT $20.85 $0 $0 175,082,102 Recently
32
WEEX WEEX
SOL/USDT $20.85 $0 $0 101,459,681 Recently
33
Toobit Toobit
SOL/USDT $20.86 $0 $0 1,750,214 Recently
34
Cointr Pro Cointr Pro
SOL/USDT $20.85 $0 $0 2,275,326 Recently
35
ZOOMEX ZOOMEX
SOL/USDT $20.85 $0 $0 1,887,749 Recently
36
Apex Protocol Apex Protocol
SOL/USDC $20.79 $0 $0 349,446 Recently
37
CoinW CoinW
SOL/USDT $20.85 $0 $0 862,703 Recently
38
DigiFinex DigiFinex
SOL/USDT $20.85 $0 $0 73,081,589 Recently
39
BTSE BTSE
SOL/USD $20.68 $0 $0 701,488 Recently
40
XT.COM XT.COM
SOL/USDT $20.85 $0 $0 64,778,429 Recently
41
XT.COM XT.COM
SOL/USD $20.83 $0 $0 1,032,490 Recently
No data found
No data found
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About Solana

Resources

What is the Solana price today?

The SOL price is currently $20.87. The price of Solana is -11.53% over the last 30 days. You can use the live Solana chart to track the SOL/USD price in real time above, or compare the Solana value today to its past performance using the Solana price history tab at the top of this page.

What is the total supply of SOL?

The circulating supply is 383,900,546.53 SOL, out of a total maximum supply of 0.00 SOL.

What is the price prediction for Solana?

The average Solana price prediction values the coin at $3,000 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin. Read our latest Solana price prediction for more analysis and guidance.

What is Solana?

Solana is a blockchain network where developers can build apps that provide goods and services online. It’s at the forefront of ‘Web3’, a vision of an internet where the control is spread out among its users, rather than dominated by a handful of Big Tech companies.

The SOL coin is a cryptocurrency that was created by Solana and which runs on the Solana blockchain. It can be used as a transfer of value and it gives holders certain rights to vote on how the network is run.

How does Solana work?

Solana works by using a blockchain to track and store transactions. Rather than a centralised authority like a bank, each new transaction is approved by other users. This is known as Proof of Stake and is how Ethereum now works as well.

However, there is a twist that helps Solana approve transactions much faster than Ethereum, and speeds the whole network up. Rather than all the validators having to agree on a set of facts before a transaction can be processed, Solana uses a process called Proof of History that timestamps each transaction, so that all each validator has to do is monitor the process.

The combination of Proof of Stake and Proof of History allows Solana to process significantly more transactions per second than Ethereum. This is a key part of solving the ‘Blockchain Trilemma’, the quest to create a blockchain that is decentralised, secure, and scalable enough to achieve mainstream use.

How is the Solana network secured?

Solana is secured by a consensus mechanism that combines the features of Proof of Stake with Proof of History. Proof of History is the main component, which records and time stamps each transaction.

What is Solana used for?

SOL can be used to buy and sell goods on the Solana network or it can be ‘staked’ – a form of interest that’s available on some crypto coins. It can also be used simply as a means of speculation.

Why does SOL have value?

The main reason is that the Solana network is unique, in the way it’s designed and can offer much faster speeds than other blockchains. This gives it an advantage over other platforms as a place for Web3 developers to build apps, because these apps can cope with higher volumes of traffic than those built elsewhere.

Who created Solana?

Anatoly Yakovenko is the man who came up with the idea for a Proof of History blockchain and he is the key figure behind Solana. He originally wrote the code for what became Solana, and later partnered with Greg Fitzgerald and Stephen Akridge to develop the project.

Initially known as Loom, they renamed it Solana in 2018 and released the blockchain and SOL coin in 2020.

Is Solana better than Ethereum?

Beauty is in the eye of the beholder; Solana is faster than Ethereum and has lower ‘gas’ (transaction) fees. However, it has been plagued by technical issues which has led to the blockchain going down multiple times. Ethereum, meanwhile, has just upgraded its tech through the ‘Merge’.

Where can I buy Solana?

You can buy Solana on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Solana?

The simplest way to invest in Solana is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Solana alternatives?

Yes, there are lots of blockchains that want to lead the charge into Web3. Solana is just one of many, locked in competition to be the big dog. Here are some alternatives to Solana:

  • Ethereum. Ethereum is the original smart contract blockchain.
  • Cardano. Cardano is a blockchain network based on peer-to-peer research.
  • Polkadot. Polkadot builds blockchain bridges that can talk to other networks.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.

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