SOLUSD — Solana to USD Price Chart

Overview

SOLUSD chart

Key facts today

Solana's SOL fell 14% in 24 hours, losing over 20% this week and nearly 41% in a month. Factors include the memecoin decline and upcoming token unlocks.

The SEC's classification of Solana (SOL) as a security may delay potential ETF launches, complicating the application process for these financial products.

Solana will launch a platform update to improve user experience with features like direct messaging, group chats, and future voice and video calls.

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Key stats

About Solana

Solana is a blockchain fairly new to the crypto game, but that's not to say it's not a serious player. Attempting to rival smart-contract titan Ethereum for the NFT and web3 crown, Solana has a strong focus on scalability through its hybrid proof-of-history/proof-of-stake consensus that aims to accommodate a flourishing dApp ecosystem. Its native token SOL has enjoyed the successes of Solana-based NFTs and dApps, but since its inception has also felt the strain of the network’s tendency to experience outages. Although that hasn't stopped it from reaching the top 15 coins by market cap.