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SOL

Solana

SOL

Live Solana price in India

₹5,816.59

3.71%

Currency

Solana Market Insights

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Fully Diluted Market Cap

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Volume 24H

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Circulating Supply

0 SOL

Total Supply

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SOL to INR Converter

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1 Solana equals to 5,816.59 INR

As of Invalid Date

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Things to know about Solana

What is Solana?

SOL is the native token of Solana, a Layer 1 Blockchain that supports smart contracts and dApps. The blockchain lets users spend less and benefit from faster speeds. Many NFT Marketplaces and DeFi Platforms, like Hyperspace and Sollible, are built on Solana. Solana’s Layer 2 focuses on connecting Solana with different blockchains. Solana combines Proof-of-History (POH) with Proof-Of-Stake (POS), making a unique consensus mechanism.

Things to consider before buying Solana

Solana is not the most stable blockchain.

Solana adoption is growing rapidly in the DeFi space.

There is a concentration of SOL tokens among whales. This raises concerns about decentralization.

Becoming a validator on Solana is expensive.

Solana has a stable roadmap for the future.

Solana was hacked in August 2022.

Solana’s design supports scalability.

Solana has more than 405 Million tokens in circulation out of a total of 554 Million tokens. (August 2023)

According to DefiLlama, Solana’s TVL is $304.95m (August 2023)

Solana used the NFT market to its advantage and grew as an Eth killer.

Reasons to buy Solana (SOL)

Solana offers fast transactions and low fees

Proven utility by NFT marketplaces.

Solana uses a hybrid consensus mechanism that combines its unique proof-of-history (POH) method with the proof-of-stake (POS) consensus mechanism.

Solana is environmentally friendly.

Solana aims to make decentralized finance accessible through decentralized applications (dApps).

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Pratik Poddar

Pratik Poddar

Partner, Nexus Venture Partners

Was feeling a bit lost on what to do with the current market conditions but the conversation with Mudrex’s relationship manager was really helpful. Got some genuine, unselfish advice. Highly recommend giving them a call.

Rahul Arkram

Rahul Arkram

Partner, Nexus Venture Partners

Absolutely used to hate updating my crypto portfolio manually. This is a real need that Mudrex is addressing! Big ups👍💯

Frequently asked questions about buying Solana in India

Have a question that is not answered? You can contact us at help@mudrex.com

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