Solana is a high-throughput smart contract blockchain built for low-cost applications, DeFi, payments, consumer apps and token launches. SOL is used for transaction fees, staking and participating in network security through validators.
The Solana price in AUD is closely connected to on-chain activity, app revenue, stablecoin settlement, validator health and developer momentum. Investors often track SOL as a growth-oriented layer 1 asset because its market case depends on fast execution and sustained user demand.
Quick Facts
Native tokenSOL
Network typeLayer 1 smart contract blockchain
Launched2020
ConsensusProof of History and Proof of Stake
Max supplyNo fixed maximum supply
Founded byAnatoly Yakovenko and Solana Labs
Use caseHigh-throughput decentralised applications