Solana Price Today
- Overall ranking: #5
- Coin
Solana Price (SOL)
Market Cap
Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.
Market Capitalization = Circulating Supply x Current Price.
$71,376,398,459
0.15%
Fully Diluted Market Cap
FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.
FDMC = Max Supply x Current Price.
Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.
$89,230,149,271
0.15%
Trading Volume
$2,771,481,737
31.30%
Volume / Market Cap
0.0388
Circulating Supply
Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).
Verified Data
Bitcoin project's Circulating Supply has been verified and is equal to:
Circulating Supply
Number
464,184,783.84 SOL
Max Supply:
The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.
Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.
--
Total Supply:
The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares
Total Supply = All Issued Coins - Burned Coins.
Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.
464,184,784
Solana (SOL) to USD Chart
SOL to USD Converter
Solana
The current real-time Solana price is $153.77 . SOL has plummeted by 0.15% in the last day and increased by 6.84% in the last seven days. It’s important to note that the current Solana market capitalization is $71,376,398,459. The maximum supply is tokens, with a circulating supply of 464,184,783.84. SOL is ranked #5 in terms of market cap.
Solana In A Nutshell
Solana (SOL) is a layer-one cryptocurrency project. It is a popular blockchain network and ecosystem due to its fast transaction settlement, low fees, and high throughput. Solana Labs founders Anatoly Yakovenko and Raj Gokal launched it in 2020. It has taken the crypto world by storm, becoming the fourth-largest cryptocurrency.
Solana provides similar functionality to Ethereum, hosting decentralized applications on its network. However, transactions on Solana are much faster and less costly than those on Ethereum. As a result of these improvements, Solana has become developers' favorite, resulting in almost $10 billion being locked in its ecosystem out of its maximum supply of .
How Solana Works Explained
Solana aims to improve upon networks like Ethereum by offering a more scalable solution to better handle the growing number of crypto enthusiasts in the market. In addition to implementing a version of the common proof-of-stake (PoS) consensus mechanism like ETH, The project utilizes a unique technology called proof-of-history (PoH). In practice, PoH technology enables participants in the decentralized network to keep time without all computers communicating, improving efficiency.
However, the network experiences infrequent but repeated outages, leading to periods of network downtime and calls for improved reliability. Despite this, it remains ranked #5 in the market cap and is popular within the community. Read more about how Solana works.
Solana Price History
Solana was initially released as an ICO, which lasted from 2018 until March 2020. SOL was available to investors for just $0.22, meaning early investors could profit by as much as 800,000% based on current prices.
Although SOL has impressive returns for many investors, the asset has been highly volatile since launching. Following the conclusion of SOL’s presale, the asset quickly rose to around $1.75. However, in 2021, SOL went parabolic, climbing from a few dollars to an all-time high of $249.98.
Once momentum from the bull market wore off, the price of SOL plunged, hitting a low of $28.11 in 2022 and trading around $25 for most of 2023. However, SOL rebounded in December 2023, hitting $112.56 and growing in early 2024, reaching $202.87 by April. Today, the asset remains volatile and trades at $153.77 .
SOL Token Supply
Solana has a total supply of around million tokens, with 464,184,783.84 circulating. As Solana is an inflationary cryptocurrency, more tokens will be continually added to circulation, and there is no fixed maximum supply.
Solana Inflation Metrics
Solana is an inflationary cryptocurrency, meaning new tokens are consistently added to the total SOL supply. While some investors shy away from inflationary mechanics in crypto, the Solana development has taken this approach to ensure that validators can always be paid for their efforts while non-stakers effectively transfer value to delegators.
Initially, Solana's inflation rate was 8%, but this figure decreases by 15% annually until the network reaches a final rate of 1.5%. Currently, the Solana inflation rate is 5.145%. It's important to understand that instead of a typical 365-day year, Solana's inflation schedule is tied to epoch years, which can vary from roughly 450 to 630 days.
Where You Can Purchase SOL
SOL is one of the most popular cryptocurrencies worldwide. With over 1.8 million active addresses on the network, many investors have chosen to buy Solana.
The simplest way to purchase SOL is to create and verify an account with an exchange like Bybit, deposit funds to the platform/use an instant buy tool, and purchase your desired amount of SOL. Alternatively, you can purchase Solana from an Over-The-Counter (OTC) desk or swap another crypto for SOL using a decentralized exchange (DEX).
Share text copied successfully!