# Solana (SOL)

**Published by:** [PreciousDev](https://paragraph.com/@preciousdev/)
**Published on:** 2022-08-14
**URL:** https://paragraph.com/@preciousdev/solana-sol

## Content

Solana is a blockchain platform designed to host decentralized , scalable applications. Founded in 2017, Solana is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.1 Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees compared to rival blockchains like Ethereum.

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