Solana blockchain is created to solve the problems with Ethereum Blockchain Network. Solana offers faster transactions at a very low cost. Solana Blockchain supports smart contracts, NFTs and Dapps. Solana is one of the fastest blockchains the fastest-growing ecosystem. The main difference between Solana and Ethereum is their consensus mechanisms. Solana is criticized for trading off security for scalability.
With a total market cap of over $4.93 billion, Solana is the No. 16 cryptocurrency by market size. The currency symbol for Solana is SOL. The total supply of Solana is 535 million. We found savings accounts offering up to 35% APY on Solana deposits and loans as low as 6.9% APR against Solana used as collateral. Check out our Solana staking yields table and for further details.
The technical price analysis for Solana below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Solana.
Based on a total of 3,544 reviews across the web for Solana we gave the cryptocurrency an overall rating of 91%.
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