5/5/2023 0 Comments Solana time clock![]() The network was launched in March 2020 after a series of private and public token sales raised over $25 million.Solana is a smart contract blockchain network that allows users to deploy decentralized applications and launch fungible as well as non-fungible tokens.Here’s a quick overview of key facts about Solana and its core blockchain features: Theoretically, Solana’s blockchain architecture could facilitate up to 710K transactions per second (TPS).ĭue 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. ![]() 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. In terms of market cap, Solana is currently ranked #3 in the Proof-of-Stake Coins sector, ranked #2 in the Solana Network sector and ranked #7 in the Layer 1 sector. The current yearly supply inflation rate is 17.70% meaning 59.07M SOL were created in the last year. Solana's current circulating supply is 392.77M SOL out of max supply of 533.68M SOL. The Solana price prediction sentiment is currently neutral, while Fear & Greed Index is showing 56 (Greed). The highest SOL price since the last cycle low was $ 27.16 (cycle high). The lowest price since it's ATH was $ 8.12 (cycle low). Solana reached its highest price on when it was trading at its all-time high of $ 259.52, while Solana's lowest price was recorded on when it was trading at its all-time low of $ 0.503701. The SOL price increased 6.70% in the last 24 hours. ![]() Solana price today is $ 22.60 with a 24-hour trading volume of $ 1.10B, market cap of $ 8.88B, and market dominance of 0.74%. ![]()
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