Cryptocurrencies > Coins > Solana
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.
78
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