Solana
SOLID: 5426Rank #7Updated 8/19/2026, 10:29:00 AM
24h Low
$75.74
24h High
$77.43
Market Cap
$45B
24h Volume
$1.47B
Fully Diluted Valuation
$48.82B
Market Dominance
2.05%
7d Volume
$7.72B
Volume / Market Cap
3.26%
SOL Price Chart
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Technical Analysis
Price Performance
1h
-0.12%
24h
+1.90%
7d
+0.62%
30d
+0.90%
60d
+7.93%
90d
-10.08%
1y
-57.54%
YTD
-39.11%
All-Time High
$294.33
All-Time Low
$0.50519364
Supply
SOL AI Analysis Posts
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A newly surfaced governance proposal aims to slash SOL inflation and multiply daily burns by over 10x, rearchitecting Solana’s tokenomics. With volume surging past $1.6 billion, a breakout above $75 looks increasingly likely.
- âś“Solana validators are deliberating a proposal to increase daily SOL burns over 10x while reducing issuance rates, creating a powerful deflationary flywheel.
- âś“24-hour trading volume has surged to $1.62B, signaling strong market interest and liquidity, even as price action remains muted (+0.81%).
- âś“Technical structure suggests accumulation near $74, with low-volatility price action often preceding sharp directional moves on catalysts like this.
Solana hovers near critical support after a broad market rejection on July 30 dashed recovery hopes. With bears targeting $70, the next move could define the short-term trend.
- ✓Market‑wide recovery attempt on July 30 was shut down by investors (U.Today), signaling heavy overhead resistance
- ✓SOL down 1.17% in 24h, 24‑hour volume of $963.9M shows steady but not panic selling
- ✓On‑chain exchange inflows picking up, while the $70 support level has not yet been convincingly tested
Solana’s new CISO warns AI-driven scams are getting more convincing, but the foundation’s proactive stance calms nerves as SOL logs a quiet 0.6% gain on healthy volume. Price stability above $70 signals resilience while the network’s security maturity takes center stage.
- ✓Key catalyst 1: Solana Foundation’s appointment of a dedicated CISO signals a maturing security posture, directly addressing AI-powered impersonation scams that could erode retail trust.
- ✓Key catalyst 2: SOL’s price action holds the $70 psychological floor with volume of $1.25B—no panic selling, reflecting market confidence in the network’s ability to absorb macro FUD.
- ✓Key catalyst 3: The broader market’s underreaction to this security narrative suggests investors are already pricing in the foundation’s proactive edge, turning potential headwinds into a non-event.
Solana slips 1.3% as broad market weakness persists. With sentiment remaining fragile according to U.Today’s latest analysis, SOL treads water near $73, leaving traders cautious.
- ✓Bearish market overview from U.Today’s multi-asset analysis signals continued pressure
- âś“-1.30% 24h decline accompanied by robust $1.5B volume suggests active distribution
- âś“Critical technical support at $70 with resistance near the 50-day EMA at $76
Morgan Stanley’s debut of spot Solana exchange-traded products marks a watershed for institutional access. With SOL up 1.64% to $74.77 on $1.43B volume, the path to $80+ is opening, backed by a top‑7 market cap and accelerating Wall Street adoption.
- âś“Morgan Stanley spot Solana ETP launch legitimizes SOL for traditional finance, unlocking pent-up demand from wealth management clients.
- ✓Robust 24h volume of $1.43B – over 19x the 24h price change magnitude – signals accumulating institutional positioning.
- ✓Solana’s market cap rank #7 and ongoing ecosystem strength (DePIN, payments) provide a fundamental backstop, while technicals show a clear breakout pattern.
The $6.6 billion tokenized TradFi sector expands further as Ondo Finance reveals plans to bring tokenized US equities natively to Solana, bolstering the network's position as a leading hub for real-world asset (RWA) tokenization.
- âś“Ondo Finance's plan to bring tokenized US stocks directly to Solana signals a major RWA expansion, likely driving on-chain activity and SOL demand.
- âś“The tokenized TradFi market growing fivefold to $6.6B, per CoinGecko, confirms accelerating institutional appetite that Solana is well-positioned to capture.
- âś“Strong 24h trading volume of $1.87B despite a slight -0.64% price dip indicates robust underlying accumulation and support near the $72 level.
SOL Converter
USD value
$77.19
About Solana
What Is Solana (SOL)?
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.
To learn more about this project, check out our deep dive of Solana.
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.
Who Are the Founders of Solana?
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
What Makes Solana Unique?
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021.
This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $216 on Sept. 9, 2021.
Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the "Visa of crypto." Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics.
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Want to keep track of Solana prices live? Download the CoinMarketCap mobile app!
Want to convert Solana price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.
How Many Solana (SOL) Coins Are There in Circulation?
The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.
The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.
Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI).
How Is the Solana Network Secured?
Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
Where Can You Buy Solana (SOL)?
SOL tokens can be purchased on most exchanges. One choice to trade Solana is on Binance, as it has the highest SOL/USDT trading volume, $753,103,225 as of September 2021.
Next is Coinbase, with a trading volume of $343,872,841. Other options to trade Solana include Bilaxy and Huobi Global. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.
To check Solana price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Solana currency page, or the dedicated exchange rate converter page. Popular Solana price pairs include: SOL/USD, SOL/GBP, SOL/AUD, SOL/JPY and SOL/EUR.