Index
Indicators
Information about Solana (SOL)
Solana is a blockchain platform that supports high-performance decentralized applications and smart contracts. The Solana platform is designed to facilitate the creation of decentralized applications (DApps) to make decentralized finance accessible on a larger scale. Solana improves scalability by using the Proof of History consensus method, combined with the underlying blockchain’s Proof of Stake consensus method.
SOL is a token that operates on the Solana blockchain platform. The SOL token has the typical uses of a platform token such as:
News
The Ontario Securities Commission warns of a substantial rise in investor losses, reaching 648 million CAD in 2023 due to sophisticated scams using AI deepfakes. They emphasize a need for enhanced enforcement and asset tracing to combat the ongoing threat.
Industry leaders are raising concerns that stringent regulations could stifle growth in the cryptocurrency market. Nonetheless, Canada is embracing innovation by approving the first spot Solana ETFs with staking functionalities, signaling a cautious yet progressive regulatory approach.
In the last 24 hours, Solana earned 1.49 million USD in fees, exceeding Ethereum’s 1.09 million USD despite having a lower Total Value Locked.
Solana’s price rose by 5.01%, outperforming Ethereum’s increase of 2.27%. Both face declining trading volumes, with Ethereum experiencing a 25.16% drop.
Peter Brandt forecasts Solana could double in value compared to Ethereum, suggesting ongoing developments within both ecosystems.
Nous Research completes a 50 million USD Series A funding round led by Paradigm. The startup plans to leverage decentralized technologies for AI model training on the Solana blockchain.
Market reactions are mixed regarding Nous Research’s announcement, reflecting concerns about prior challenges in blockchain AI. As of April 25, 2025, Solana ($SOL) trades at 155.97 USD with a market cap of 80.70 billion USD.
People also own