#  Solana (SOL)

**Published by:** [cryptoslonyara.eth](https://paragraph.com/@cryptoslonyara/)
**Published on:** 2023-04-12
**URL:** https://paragraph.com/@cryptoslonyara/solana-sol

## Content

Market cap: $8.1 billionDeveloped to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform. When it launched in 2020, SOL’s price started at $0.77. By late April 2023, its price was around $21.00, a gain of 2,627%. *Market caps and pricing sourced from coinmarketcap.com, current as of 1:31 p.m. UTC on Apr. 4, 2023. https://opensea.io/assets/0x4883F693C6e4A7c05Bf5Ee417da61c731D332B0e/2

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