$SOL Sol is the native cryptocurrency of the Solana network, an open-source blockchain platform known for its high speed and low transaction costs. It was launched in 2020 with the aim of providing a fast and secure ecosystem to support decentralized applications (DApps) and smart contracts.

SOL and Solana network features:

Speed: Capable of processing thousands of transactions per second (TPS).

Low fees: Transaction costs are extremely low compared to networks like Ethereum.

Scalability: Uses the Proof of History (PoH) algorithm to increase efficiency.

Diverse applications: Supports many decentralized finance (DeFi) projects, games, and NFTs.

SOL uses:

Paying transaction fees on the Solana network.

Investing and trading.

Staking to earn rewards.

Market cap:

The value of SOL is constantly changing based on supply and demand in the markets. You can check its current value on cryptocurrency exchanges like Binance or CoinMarketCap.