Solana is a high-performance Layer 1 blockchain built to support fast, scalable decentralized applications, from DeFi to NFTs and gaming. Unlike networks that rely on slower or costlier consensus models, Solana uses a unique hybrid of Proof of History (PoH) and Proof of Stake (PoS) to streamline throughput and reduce congestion. The result is a network capable of processing thousands of transactions per second at a fraction of a cent per transaction, without relying on Layer 2 solutions.

At the center of the Solana ecosystem is SOL, the native token used for transaction fees, staking, and network participation. SOL holders can stake their tokens to help secure the network and earn rewards, or use them to interact with a growing library of decentralized applications and smart contracts. From minting NFTs on Magic Eden to trading on Raydium or paying with BitPay, SOL powers a wide range of blockchain-based use cases.

Solana’s biggest draw is its developer-friendly environment and focus on real-world utility. It supports smart contracts in efficient programming languages like Rust, enabling builders to create fast, responsive Web3 experiences. While the network has faced occasional stability issues, it remains a major contender for mass adoption thanks to its speed, affordability, and expanding ecosystem of dApps, games, and financial protocols.