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  1. Bitcompare
  3. Solana (SOL)
Solana logo

Solana (SOL) Rates

Compare lending, staking & borrowing rates across 10 platforms

R 141,17
↓ 3.43%
Updated: 12 January 2026
Disclaimer: This page may contain affiliate links. Bitcompare may receive compensation if you click on any links. Please refer to our Advertising disclosure.

Latest Solana (SOL) APY Rates

SOL Lending Rates Market Summary

Average Rate
5,02% APY
Highest Rate
12% (YouHodler)
Platforms Tracked
4
Best Risk-Adjusted
12% (YouHodler)

Solana (SOL) Lending Rates

PlatformMintAPY
NexoSolana (SOL)Up to 8% APY
EarnParkSolana (SOL)Up to 0,07% APY
YouHodlerSolana (SOL)Up to 12% APY
GeminiSolana (SOL)Up to 0,01% APY
See all 20 lending rates

Solana (SOL) Staking Rewards

PlatformMintStaking rewards in South Africa
EarnParkSolana (SOL)Up to 0,07% APY
YouHodlerSolana (SOL)Up to 12% APY
GeminiSolana (SOL)Up to 0,01% APY
UpholdSolana (SOL)Up to 5,8% APY
See all 41 staking rewards

Solana (SOL) Borrowing Rates

PlatformMintAPY
NexoSolana (SOL)From 2,9% APY
YouHodlerSolana (SOL)From 8% APY
BitgetSolana (SOL)From 22,26% APY
See all 4 borrowing rates

Best Solana (SOL) Prices in South Africa

PlatformMintCost
NexoSolana (SOL)140,96
PrimeXBTSolana (SOL)140,51
BinanceSolana (SOL)140,71
BTSESolana (SOL)140,64
CoinbaseSolana (SOL)140,58
LunoSolana (SOL)139,34

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Displaying 1 to 6 of 84 results

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Price of Solana (SOL) Today in South Africa

As of the latest data, Solana (SOL) is currently priced at R 135,00 with a market capitalization of R 75 840 076 153,38. The 24-hour trading volume stands at R 7 004 923 673,00, The circulating supply of Solana is approximately 561778341.8768777. The cryptocurrency has seen a -2,63% decrease in value over the past 24 hours.

Solana Buying Guide for South Africa

How to purchase Solana
How to earn Solana in South Africa
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Supported Exchanges in South Africa

Nexo logo
Nexo
PrimeXBT logo
PrimeXBT
EarnPark logo
EarnPark
YouHodler logo
YouHodler
Binance logo
Binance

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Top Pairs for Solana in South Africa

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About Solana (SOL) in South Africa

Solana (SOL) is a high-performance blockchain platform tailored for decentralized applications and cryptocurrency projects, prioritizing scalability and speed. Its unique consensus mechanism, Proof of History (PoH), timestamps transactions, creating a verifiable historical record.
Solana (SOL) is gaining traction across various sectors due to its high throughput and low transaction costs, appealing to decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications. In the DeFi space, Solana supports platforms for lending, borrowing, and trading, allowing...
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 features are bolstered by its innovative Proof of History (PoH) consensus mechanism, enhancing the traditional Proof of Stake (PoS) model with verifiable timestamps for transactions. This allows for efficient transaction ordering, reducing double-spending risks and ensuring data...
Solana's development roadmap highlights significant milestones reflecting its commitment to scalability and performance. Launched in March 2020, the network achieved its mainnet beta release, enabling developers to build decentralized applications.

How to Secure Your Solana (SOL) Holdings in South Africa

To safeguard your Solana (SOL) assets, consider using a hardware wallet, which offers a secure offline space for your private keys. Popular choices include Ledger and Trezor, both of which are compliant with local regulations.
For managing your private keys, store them securely, ideally offline, and never disclose them. A password manager can enhance your security. Be vigilant against phishing scams and malware; enable two-factor authentication (2FA) on your accounts and keep your software up to date.
Multi-signature wallets can further bolster your security by requiring multiple keys for transaction approval, reducing the risk of unauthorized access. Lastly, implement a strong backup strategy by creating several copies of your wallet recovery phrases and storing them in secure, diverse...

Understanding How Solana (SOL) Functions

Solana operates on an innovative blockchain architecture that combines proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. This design allows for high transaction speeds and low latency, making it suitable for the growing South African cryptocurrency market.
The PoH component establishes a historical record, confirming events at specific times, which boosts network efficiency. Validators process transactions quickly, with selection based on the amount of SOL staked, ensuring a fair and secure validation process.
To maintain network security, Solana employs advanced cryptographic techniques and a decentralized network of validators, reducing the risk of attacks and enhancing integrity. Its architecture also features parallel transaction processing through the Sealevel runtime, allowing thousands of smart...

Frequently Asked Questions About Solana (SOL) in South Africa

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.
What is Solana (SOL), and how does it stand out in the crypto market?
Solana (SOL) is a high-performance blockchain platform tailored for decentralized applications and crypto projects. Its standout features include rapid transaction speeds and scalability, achieving block times of under one second, allowing for thousands of transactions per second. Solana employs a unique consensus mechanism called Proof of History (PoH), which enhances processing efficiency and minimizes network congestion.
How does Solana achieve its high transaction speeds and low costs?
Solana achieves high transaction speeds and low costs through its innovative architecture, which combines Proof of History (PoH) with a unique consensus mechanism. PoH timestamps transactions, allowing for efficient ordering and reducing the workload on validators. Additionally, Solana utilizes parallel processing, enabling multiple transactions to be processed simultaneously. This design minimizes network congestion, resulting in transaction costs that are significantly lower than those of many other blockchains, enhancing usability for both developers and users.
What types of applications can be developed on the Solana blockchain?
Solana supports a wide range of applications, including decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), gaming, and Web3 projects. Its high throughput and low latency make it an attractive choice for developers seeking to create scalable applications that require fast transaction processing. Notable projects on Solana include Serum, a decentralized exchange, and Audius, a decentralized music streaming platform, showcasing the versatility and potential of the Solana ecosystem across various industries.
How does Solana ensure security and decentralization within its network?
Solana maintains security and decentralization through its unique consensus mechanism and a robust network of validators. By utilizing Proof of History (PoH), Solana enhances the verification process while allowing for scalability. The network is supported by a large number of independent validators, which helps ensure that no single entity can control it. Additionally, regular audits and community participation in governance contribute to its resilience and security, creating a trustworthy environment for both users and developers.
What are the staking rewards for Solana (SOL), and how do they work?
Staking rewards on Solana (SOL) are incentives provided to users who participate in the network by locking their tokens to support transaction validation. These rewards vary based on the number of tokens staked and the overall performance of validators. Users can delegate their tokens to selected validators to earn a share of the rewards. The staking process enhances the network's security while allowing participants to earn passive income, making it an attractive option for SOL holders.