Solana Price

Track Solana Price Today, Live SOL Price Chart & Market Cap

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Solana Price Live Data

24H Range
$?132.71
24H Range
$?136.16
52W Range
$?17.46
52W Range
$?208.75
ATH & ATL Range
$?0.503701
ATH & ATL
$?259.52
Solana Price$?134.84
Market Cap$?63.06B
Diluted Market Cap $?71.96B
24H Volume$?5.12B
Vol. / M. Cap Ratio 0.0812
Dominance 3.13%
ATH $?259.52 (-48%)
ATH Date Nov 6, 2021
ATL $?0.503701
ATL Date May 11, 2020
Cycle Low $?8.12
Cycle High $?208.75
Circ. Supply 467.64M (88%)
Total Supply 584.14M
Max Supply 533.68M
Supply Inflation 13.89% (High)
Volatility 6.34% (High)
PlatformSOL
Release Date Mar 24, 2020
Fear & Greed Index 33 (Fear)
Sentiment Bearish
Show more ↓

Solana price today is $?134.84 with a 24-hour trading volume of $?5.12B, market cap of $?63.06B, and market dominance of 3.13%. The SOL price increased 0.83% in the last 24 hours.

Solana reached its highest price on Nov 6, 2021 when it was trading at its all-time high of $?259.52, while Solana's lowest price was recorded on May 11, 2020 when it was trading at its all-time low of $?0.503701. The lowest price since it's ATH was $?8.12 (cycle low). The highest SOL price since the last cycle low was $?208.75 (cycle high). The Solana price prediction sentiment is currently bearish, while Fear & Greed Index is showing 33 (Fear).

Solana's current circulating supply is 467.64M SOL out of max supply of 533.68M SOL. The current yearly supply inflation rate is 13.89% meaning 57.03M SOL were created in the last year. In terms of market cap, Solana is currently ranked #2 in the Proof-of-Stake Coins sector, ranked #2 in the Solana Network sector and ranked #4 in the Layer 1 sector.

Highlights

  • Price has increased by 660% in the last 1 year
  • Outperformed 92% of the in 1 year
  • Outperformed and
  • Positive performance compared to
  • Has liquidity based on its market cap
  • Trading on KuCoin

Risk Analysis

  • Trading below the
  • Only in the last 30 days (43%)
  • Yearly inflation rate is
See All Risk Checks

Solana Token Sale

Initial Price $?0.22
Start DateApr 5, 2018
End DateMar 24, 2020
ROI [USD]612.91x
ROI [BTC]71.38x
ROI [ETH]35.83x
TypeIEO
LaunchpadCoinlist
More InfoSolana IEO

The price of Solana in the IEO was $?0.22 and the token sale ended on Mar 24, 2020. Since then, SOL price increased 612.91x against US Dollar, increased 35.83x against Ethereum and increased 71.38x against Bitcoin. To learn more about Solana IEO click here.

Solana Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
SolanaUS Dollar SOL/USD 0.26%0.83%3.54%-9.52%-15.32%-19.63%30.81%660.04%-28.46%--20.23K%
SolanaBitcoin SOL/BTC -0.23%0.54%5.21%-4.16%3.88%0.83%-2.22%235.67%-42.66%--2,525%
SolanaEthereum SOL/ETH -0.35%0.95%8.13%1.03%31.56%32.98%29.07%406.56%1.49%--1,397%
SolanaTether SOL/USDT 0.26%0.83%3.54%-9.52%-15.32%-19.63%30.81%660.04%-28.46%--20.23K%

Solana price in US Dollar has decreased by -9.52% in the last 1 month. SOL is up 1.03% against Ethereum and down -4.16% against Bitcoin in the last 1 month.

Solana Quarterly Returns

YearQ1Q2Q3Q4Total
2020--29.92%236.50%-48.06%127.06%
20211,190%82.93%297.00%20.59%11.19K%
2022-27.95%-72.50%-1.36%-70.06%-94.15%
2023115.80%-11.81%12.56%380.04%928.33%
202497.80%-27.68%------
Average 343.79%0.17%136.18%70.63%3,038%

The top-performing year for Solana was 2021 when the price of SOL increased by 11,192.42% from $?1.506007 to $?170.06. The worst performing year for Solana was 2022 when the price dropped by -94.15% from $?170.06 to $?9.95. The average yearly growth of Solana over the last 5 years is 3,038.42% per year. Usually, Solana performs best in Q1 with an average of 343.79% gain and worst in Q2 with 0.17% gain.

Solana Price Closing History by Level

PriceDays Above% of Solana's Life
$?259.52 ATH--
$?250.0010.06%
$?200.00382.35%
$?190.00603.72%
$?180.00835.14%
$?170.001318.11%
$?160.0016210.03%
$?150.0020212.51%
$?140.0027416.97%
$?134.84 Price Now30518.89%
$?130.0032520.12%
$?120.0034321.24%

The table above shows the number of days which Solana closed above a certain price level.

Solana Price & ROI on this Date

DatePriceROI
Sep 10, 2024 Today$?134.84-
Sep 10, 2023$?19.47592.64%
Sep 10, 2022$?34.68288.80%
Sep 10, 2021$?188.17-28.34%
Sep 10, 2020$?3.583,669.82%

The table above shows the price and ROI of Solana today and previous years on the same date (Sep 10).

SOL Exchanges

Solana is being traded on 101 cryptocurrency exchanges, including Binance and KuCoin. $?5.12B worth of Solana changed hands in the last 24 hours. If you wish to purchase SOL, check our guide on how to buy Solana in 6 steps.

ExchangePrice Volume Action
Binance$?134.83$?678.71M$?134.83$?678.71M Trade Now
KuCoin$?134.88$?19.49M$?134.88$?19.49M Trade Now
Kraken$?134.68$?44.02M$?134.68$?44.02M Trade Now
Bybit$?134.84$?174.63M$?134.84$?174.63M Trade Now
OKX$?134.87$?91.67M$?134.87$?91.67M Trade Now
gate.io$?134.87$?28.00M$?134.87$?28.00M Trade Now
Binance Futures$?134.78$?2.35B$?134.78$?2.35B Trade Now
PrimeXBT$?134.87$?11.76M$?134.87$?11.76M Trade Now
MEXC$?134.88$?9.95M$?134.88$?9.95M Trade Now
Coinbase$?134.42$?90.16M$?134.42$?90.16M Trade Now

About Solana

Solana is a high-performance permissionless blockchain using the Proof-of-Stake (PoS) consensus algorithm in conjunction with the Proof-of-History (PoH) mechanism to achieve high throughput without sacrificing the network's security. Theoretically, Solana’s blockchain architecture could facilitate up to 710K transactions per second (TPS).

Due to the exceedingly high throughput, low fees, and sub-second average block time, the Solana blockchain has emerged as one of the most popular platforms for non-fungible token (NFT) and decentralized application (dApps) use cases, making it one of the primary competitors to Ethereum.

Here’s a quick overview of key facts about Solana and its core blockchain features:

  • Solana is a smart contract blockchain network that allows users to deploy decentralized applications and launch fungible as well as non-fungible tokens
  • The network was launched in March 2020 after a series of private and public token sales raised over $25 million
  • The network boasts sub-second transaction finality, low fees, and a theoretical output of more than 700,000 TPS
  • Solana uses Proof-of-Stake along with a Proof-of-History consensus algorithm to facilitate and verify transactions
  • The Solana network is powered by the SOL token, which is the network’s native utility token used for gas fee payments and staking purposes
  • Ukrainian-born software engineer Anatoly Yakovenko first envisioned Solana in late 2017

What is Solana and how does it work?

Solana is a smart contract blockchain network launched in March 2020, following an initial coin offering (ICO) that raised $1.76 million. Solana has emerged as one of the fastest blockchain systems in the industry, using a combination of PoS and PoH consensus mechanisms to reach a congruence about the state of the ledger among network participants.

Proof-of-History is a cryptographic technique that uses the passage of time between two events to produce timestamps which can be used to verify the state of the ledger before new blocks are generated, according to the project’s whitepaper. While sporting several benefits, such as a high degree of security and fast verification times, PoH has several disadvantages as well. Namely, running PoH requires a lot of computational powers, which restricts the number of potential node validators and makes the network more centralized than some of its smart contract counterparts.

The primary digital asset used as a medium of exchange on the network is the Solana (SOL) token. SOL is not the only digital currency issued on the Solana chain, as the network allows for the creation of new tokens, as long as they follow the guidelines outlined in the Solana Program Library (SPL). For more information about the topic, skip to the “SPL Tokens” section below.

Via a process known as Delegated Proof-of-Stake (DPoS), anyone who owns SOL tokens can choose to delegate (hence the name) some of their SOL to vote for validators who participate in the process of facilitating transactions on the network.

Solana’s unique approach to blockchain consensus and the high transactional throughput associated with it, catapulted the network to become one of the most successful Ethereum competitors. In the few years since its launch, the Solana network has become a hotbed of NFT activity, new token and dApp launches, and more. 

Creation of Solana

The original idea for Solana dates to 2017, when the Ukrainian-born software engineer and co-founder Anatoly Yakovenko published an initial whitepaper draft describing a timekeeping process for decentralized computational systems. He named the process Proof-of-History.

In 2018, after partnering with Qualcomm's Greg Fitzgerald – who later became Solana's principal architect and CTO – the work on the first ever PoH blockchain switched into a higher gear. A testnet demo and the finalized version of the Solana whitepaper were released in February 2018.

With a working testnet and a growing team of developers on the Solana Labs team, the fundraising effort started in the second half of 2018. By the summer of 2019, more than $20 million was raised in a series of private token sales. 

After Solana’s first public testnet – Tour de SOL – went live in 2020, and $1.76 million was raised during the ICO campaign on CoinList, the Solana protocol was ready for a mainnnet beta launch in March 2020. 

The work on the Solana network is primarily done by Solana Labs and the Solana Foundation. The former oversees the technical development side of things, while the latter is responsible for funding and community-building efforts.

SPL Tokens, Solana’s equivalent to Ethereum’s ERC-20 token standard

According to the official documentation, the Solana Program Library (SPL) is a collection of on-chain protocols running on Sealevel, Solana’s parallel smart contracts runtime. Similar to what Ethereum has done with ERC-20 – a token standard featuring rules for fungible tokens issued on the Ethereum platform – Solana has done with the implementation of SPL.

SPL tokens are digital currencies that live on Solana’s network. Each token transaction’s gas fee is paid with SOL. The token program is written in the Rust programming language and allows developers to create digital currencies that follow Solana’s transaction, token wrapping, minting, burning, staking, and creation guidelines.

In addition to fungible tokens, the SPL token standard allows for the creation of non-fungible tokens as well. Both fungible and NFTs must follow wallet integration and account-specific rules outlined in the Solana Program Libary documentation.

Next to SOL, the list of the largest market cap token on Solana includes Tether, USD Coin, Serum, ConstitutionDAO, and Raydium, to name a few.

Solana Price History

Soon after first becoming broadly available to cryptocurrency investors, the price of Solana skyrocketed. Although the crypto launched in 2020, the price of SOL quickly elevated Solana past some of the most well-known and long-established projects in the market cap standings.

The Solana team raised $25.5 million in token sales held between April 2018 and March 2020. Only a single token sale was available to the public, with the remaining four reserved for private investors. In total, 185 million tokens out of the initial supply of 500 million tokens were sold in token sales, with the price ranging from as low as $0.04 to as high as $0.25 per SOL token.

Here is what the historical SOL price data tells us about key milestones in the token’s price history:

  • $0.22 - Initial investors were able to obtain SOL with USD and USDC during the ICO campaign – 8 million SOL tokens were offered at an initial sale price of $0.22 in late March 2020
  • $0.80 - The Solana token price surpassed $0.80 on the first trading day in mid-April 2020
  • $2 - The price of SOL surpassed $2 in July 2020, showing roughly 10x returns compared to its ICO price
  • $5 - Solana price reached the $5 price level in early February 2021, half a year after it started trading
  • $10 - The first time that the SOL token price reached $10 came in late February 2021
  • $20 - The price of Solana surpassed $20 in March 2021 during a broader crypto bull market
  • $100 - Solana claimed the three-figure price point for the first time in August 2021
  • $250 - SOL hit the $250 price milestone in November 2021, during a bullish run that saw many digital currencies reach their ATH valuations

For a glimpse into potential future SOL price movements in addition to the Solana live price, you can follow our algorithmically generated Solana price predictions that take into account SOL’s current price and a number of market indicators, including Fear & Greed Index, market sentiment, overall volatility, and more. You can also check the up-to-date market rate of 1 SOL to USD via our handy crypto-to-fiat and crypto-to-crypto conversion feature.

Solana Market Cap

The market cap of Solana stood at about $110 million at the time of the project’s Dutch-type token sale when accounting for the fully diluted supply and the ICO price of $0.22 per token. The market cap shot well into the multibillion territory shortly after the token started trading on Binance, Coinbase, and other major crypto exchanges

Here’s what the historical SOL price charts tell us about the crypto’s most notable market cap milestones:

  • $100 million -  SOL’s market cap surpassed the $100 million mark in August 2020, roughly four months after the token first started trading
  • $1 billion - The market cap of SOL surpassed $1 billion in January 2021
  • $10 billion - Solana hit decacorn status in April 2021, amidst a broader crypto market bull run
  • $20 billion - The first time that Solana coin’s market cap surpassed $20 billion was in August 2021
  • $50 billion -  The combined value of all SOL tokens in circulation reached $50 billion in September 2021

Solana Supply

Solana features an inflationary monetary policy, which means that both the total and circulating supply of SOL is slated to increase over time. When Solana launched it had an initial maximum supply of 500 million SOL tokens. However, according to Solana's documentation pertaining to the inflation schedule, the total supply of Solana is slated to increase past 750 million tokens in the 15th year of its existence (in 2035). 

According to the Solana Foundation's proposal, the team envisions a long-term inflation rate of 1.5% (defined as the annualized growth rate of the total current supply at any point in time). The long-term inflation rate target is expected to come into effect gradually over ten years, starting with an initial rate of 8% in 2020 and falling to 1.5% by 2030.

The inflationary mechanics allow new SOLs to be issued via staking rewards, which incentivizes SOL stakers to use their tokens to secure the network and validate transactions and smart contract operations. 

It is worth noting that a large number of SOL tokens that were allocated to the founders when the token launched (12.5% of the initial 500 million token supply) are vested. They are slated to be released from their nearly three-year long lockup period in January 2023.

The most important Solana milestones

Despite being a relative newcomer to the cryptocurrency scene, Solana has made significant strides since its 2020 launch and reached several major milestones in the meantime. Here is a list of important dates and events from Solana’s eventful past:

  • November 2017 - Co-founder Anatoly Yakovenko publishes an initial whitepaper detailing a new timekeeping technique for decentralized networks dubbed Proof-of-History (PoH)
  • February 2018 - First Solana internal testnet and official whitepaper get released after  Greg Fitzgerald partners with Yakovenko
  • March 2020 - The “Genesis” block is created
  • June 2021 - Solanart becomes the first NFT marketplace deployed on the Solana blockchain
  • September 2021 - Bloomberg proclaims Solana as a “long-term rival” of Ethereum due to the network’s high throughput and low costs
  • December 2021 - Melania Trump, the former First Lady of the US, announces plans to launch its NFT collection using Solana
  • May 2022 - The Solana network experiences a series of power outages caused by consensus issues and NFT-induced network congestion

FAQ

What is Solana?

Solana is a decentralized blockchain that supports smart contracts. This means that it’s possible to create decentralized applications on their platform, as well as new crypto tokens. The Solana platform also has its own native asset called SOL.

Solana’s innovative blockchain is one of the fastest blockchains in the crypto world, being able to handle over 50,000 transactions per second. The project was founded in 2017 by Anatoly Yakovenko, a software engineer.

How does Solana work?

Solana works through a Proof-of-Stake consensus mechanism. Namely, the Proof-of-History (PoH) component within the mechanism is what allows the blockchain to achieve one of the highest transaction speeds in the crypto space. PoH essentially creates a decentralized clock within the system that can add time-stamps to all transactions. Thanks to this, Solana can ensure that multiple blocks are not being created at the same time.

Solana’s platform also has a different approach when it comes to validator nodes. Unlike other platforms, they don’t require a minimum stake of SOL tokens to beceme a validator node. Also, all validators are responsible for every role on the blockchain.

This is done by giving every validator node a turn to be a leader that will produce transaction blocks. The more SOL tokens a validator has staked, the more chance they have to be chosen. That validator remains the leader while 4 transaction blocks are created, and they are switched after that.

This system makes it hard to conduct an attack on the network. On top of this, nodes that don’t follow the rules of the platform will have their stakes slashed.

Solana also has a group of validators called Solana clusters. They are responsible for specific transactions on the blockchain. One example for that would be hosting a decentralized exchange (DEX). 

How to use Solana?

To use Solana, you’ll first need to set up a wallet that supports SOL. You can find a comprehensive list of SOL wallets on the official Solana website. If you’re interested in building on Solana, you can also find the official documentation on the website. 

Solana allows you to use applications like decentralized exchanges or create your own tokens on the Solana blockchain.

What makes Solana different?

The main thing that makes Solana unique is the speed of their blockchain and how they accomplished it. Transactions on the Solana network are some the fastest in the industry, especially for layer 1. This means that Solana doesn’t require help from layer 2 solutions to achieve sufficient scalability.

Solana achieves this primarily through its Proof-of-History component. This component is integrated into the Proof-of-Stake mechanism and allows all transactions to be time-stamped.

Why is SOL valuable?

SOL tokens are valuable for a few reasons. One of them is that they are used to pay for transaction fees on the Solana network.

They are also needed to become a validator node on the Solana network. To become a validator, holders need to stake their SOL tokens and there is no minimum requirement for staking.

They can also be used as a trading asset. SOL tokens are listed on many exchanges and they can be used for trading with other cryptocurrencies.

Is SOL a good investment?

Solana is seen as a very appealing investment by many analysts. This is mostly because of the technological innovation it brings to the table, as well as the Solana blockchain’s impressive scalability. Of course, nothing is ever certain in the crypto world, and prices can change significantly in a short period of time. If you do decide to invest in SOL, make sure to only invest an amount of money you are willing to lose.

How do you get SOL tokens?

SOL tokens are available for purchase on a number of different exchanges. Not a lot of them offer the option to buy them with fiat currencies, so it would be best to get some Bitcoin or Ethereum first.

Once you have some SOL tokens, you can stake them on the SOL network. By doing this, you are eligible to earn more SOL tokens.

What is the current price of SOL tokens?

On , the price of 1 SOL token is .

How many SOL tokens are left?

There are currently SOL tokens on the market, with the maximum supply of SOL being  tokens.

Is Solana safe?

Solana is generally considered safe to use by the crypto community. Their validator system provides some additional security because validator leaders are switched after every 4 transaction blocks, which is less than 2 seconds. This makes it hard for any validator or group  to attack the network. Of course, no crypto platform is ever completely safe, so we recommend researching this topic on your own if you do decide to join their network.

Is Solana legal?

A lot of countries are slowly accepting the use of cryptocurrencies in their systems, but the legal status still varies between countries and regions. To see which countries have legalised the use of cryptocurrencies, click here.

Where can you store SOL tokens?

You can store SOL tokens in multi-currency crypto wallets that support it, for example Atomic and Trust Wallet. If you want a dedicated Solana wallet, you can check out Solflare, a wallet created by the Solana community. However, if you’re looking for the safest place to store SOL, your best bet would probably be an offline wallet like the Ledger Nano S.

How do you cash out SOL tokens?

Many exchanges have listed SOL tokens on their platform, but not a lot of them offer the option to trade them for fiat currencies directly. The best course of action would be to trade your SOL tokens for some Bitcoin or Ethereum, and then trade those in for some fiat currencies.

Are Solana transaction fees high?

Solana has some of the lowest transaction fees in the crypto world. The fees can get as low as $0.00001 per transaction.

Solana News

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SOL
Solana
$?134.84
0.83% Last 24h
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