Solana SOL Interest Rates: Lending, Staking & Live Prices

Price of Solana (SOL) Today

As of the latest data, Solana (SOL) is currently priced at $189.39 with a market capitalization of $103,513,645,786.46. The 24-hour trading volume stands at $10,933,076,165.00, The circulating supply of Solana is approximately 546563418.2716246. The cryptocurrency has seen a 3.09% increase in value over the past 24 hours.

Platform	Coin	Price
Nexo	Solana (SOL)	242.09
PrimeXBT	Solana (SOL)	198.99
EarnPark	Solana (SOL)	200.27
YouHodler	Solana (SOL)	199.03
Binance	Solana (SOL)	199.05
BTSE	Solana (SOL)	199.18

Platform

Coin

Price

242.09

198.99

200.27

199.03

199.05

199.18

Platform	Coin	Interest rate
Nexo	Solana (SOL)	Up to 8% APY
EarnPark	Solana (SOL)	Up to 7% APY
YouHodler	Solana (SOL)	Up to 12% APY

Platform

Coin

Interest rate

Up to 8% APY

Up to 7% APY

Up to 12% APY

Platform	Coin	Staking rewards
YouHodler	Solana (SOL)	Up to 13% APY
Uphold	Solana (SOL)	Up to 5.8% APY

Platform

Coin

Staking rewards

Up to 13% APY

Up to 5.8% APY

Platform	Coin	Interest rate
Nexo	Solana (SOL)	From 2.9% APR
YouHodler	Solana (SOL)	From 8% APR
Bitget	Solana (SOL)	From 22.26% APR

Platform

Coin

Interest rate

From 2.9% APR

From 8% APR

From 22.26% APR

About Solana (SOL)

Solana (SOL) is a high-performance blockchain platform tailored for decentralized applications and cryptocurrency projects, emphasizing scalability and speed. Its innovative consensus mechanism, Proof of History (PoH), timestamps transactions to create a verifiable historical record, enabling...

Solana's efficiency and low transaction costs make it a popular choice across various sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications. In DeFi, Solana supports platforms for lending, borrowing, and trading, allowing users to engage in financial...

The tokenomics of Solana (SOL) promotes a sustainable ecosystem, with a total supply capped at 489 million SOL tokens. The distribution model includes allocations for the team, investors, and community incentives, ensuring balanced liquidity and governance.

Solana's security is bolstered by its Proof of History (PoH) consensus mechanism, which enhances the traditional Proof of Stake model by providing verifiable timestamps for transactions. This method efficiently orders transactions, reducing double-spending risks and ensuring data integrity.

Since its launch in March 2020, Solana has achieved significant milestones, including its mainnet beta release and the introduction of high-profile projects like the Serum decentralized exchange and Solana NFT marketplace. Continuous infrastructure enhancements, such as the Solana 1.

How to Keep Your Solana (SOL) Safe

To enhance security for your Solana (SOL) holdings, consider using a hardware wallet, which provides robust protection against online threats by storing your private keys offline; popular options include Ledger and Trezor. For private key management, always generate keys in a secure environment and never share them; utilize strong, unique passwords and consider using a password manager. Be aware of common security risks such as phishing attacks and malware; mitigate these risks by enabling two-factor authentication (2FA) on your accounts and regularly updating your software. Multi-signature wallets can further enhance security by requiring multiple approvals for transactions, thereby reducing the risk of unauthorized access. Finally, establish a reliable backup procedure by securely storing your recovery phrases and wallet backups in multiple physical locations to ensure you can recover your assets in the event of loss or theft.

How Solana (SOL) Works

Solana operates on a unique blockchain architecture that utilizes a combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms, enabling high throughput and low latency in transaction processing. The PoH component creates a historical record that verifies an event has occurred at a specific moment in time, allowing validators to efficiently order transactions without extensive communication. Transactions are validated through a network of validators who stake their SOL tokens, contributing to the security and integrity of the network while earning rewards for their participation. Security measures include cryptographic techniques and a robust incentive structure that discourages malicious behavior, ensuring the network remains resilient against attacks. Unique technical features of Solana include its ability to process thousands of transactions per second, low transaction fees, and the capacity for developers to build decentralized applications (dApps) that leverage its high-performance capabilities.

Frequently Asked Questions About Solana (SOL)

What is Solana (SOL), and what makes it unique in the cryptocurrency space?

Solana (SOL) is a high-performance blockchain platform designed for decentralized applications and cryptocurrency projects. Its unique features include a focus on speed and scalability, achieving block times of under one second, which allows for thousands of transactions per second. Solana utilizes a novel consensus mechanism called Proof of History (PoH), enabling efficient processing and reducing network congestion. This combination of speed and cost-effectiveness positions Solana as a strong competitor in the blockchain ecosystem.

About Solana (SOL)

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Solana Price (SOL)

Price of Solana (SOL) Today

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About Solana (SOL)

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Frequently Asked Questions About Solana (SOL)

About Solana (SOL)

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