Solana (SOL)

$... +..%

Market Cap: $???,???

Fundamental Crypto Asset Score

  • Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.
  • While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
  • The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
  • Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

Solana is a general-purpose smart contract platform that launched its mainnet in 2020 and is now focused on the DeFi space. Even though it entered a saturated market Solana was able to establish a competitive advantage. The project features fast transactions along with a decent user and developer experience.

The CryptoExplorer Team itself holds Solana and thinks that it will perform well in the next bull run.


CE-Score (out of 100)
Aug 12, 2022

Ecosystem Structure: 7.4

Token Economics: 8.1

Market Opportunity: 8.1

Core Team: 8.8

Token Performance: 7.5

Roadmap Progress: 7.1

Underlying Technology: 7.7

Price Chart