SOL is the seventh-largest crypto in the world by market capitalization.
SOL has a market cap of over $54 billion
Over the past 24 hours, more than $12 billion of SOL has changed hands.
Before we dive deeper, let's check out the latest news from the crypto universe.
Legal troubles for Binance are growing by the day.
Singapore and South Africa are the latest countries to warn against the crypto exchange. Other countries include the US, UK, Thailand, Malaysia, Japan and Italy.
It's not just problems with regulators. Hundreds of investors are expected to take part in proceedings against Binance, seeking damages for money they lost during a major outage. Binance says it has no official headquarters. That has made it difficult for investors to figure out how and where to take the company to court. Swiss private equity firm Liti Capital has promised to provide a minimum of $5 million in funding for the case.
Binance is not just an exchange. It also runs Binance Coin, the world's fourth-largest crypto with a market cap of $79 billion. And then there's Binance Smart Chain, a very popular public blockchain.
1. What is Solana (SOL)?
History and overview:
Solana is one of the world's cheapest and fastest public blockchains.
It has a block time of 400 milliseconds and transaction fees of less than $0.01.
Solana's native token is SOL. Fractional sols are called "lamports", and each lamport equals 0.0000000000582 SOL.
SOL can be:
staked directly on the network
delegated to validators in return for inflation rewards
used to pay for fees for sending transactions
used to pay for running smart contracts
Consensus mechanism: Solana uses Proof of History (PoH) and Tower BFT.
The Solana Foundation is a non-profit organization headquartered in Zug, Switzerland, dedicated to the decentralization, growth, and security of the Solana network.
Solana has a very vibrant ecosystem with more than 400 DeFi, NFTs, Web3 projects.
You can follow the latest Solana Ecosystem news here.
As of 7 September, its core metrics are:
All-time high (7 September 2021)
All-time low (11 May 2020)
Below is the graph for SOL prices over the last year:
Circulating supply is the number of coins/tokens in public hands.
Total supply is the number of coins/tokens created minus the number burned.
Maximum supply is the maximum amount of this crypto that can ever exist
Marketcap & Volume metrics:
Fully Diluted Market Cap:
Volume / market cap ratio:
Market cap = Current Price x Circulating Supply
Fully Diluted Market Cap would be the market cap if the maximum supply were in circulation
Volume (24h) is the fiat value of this crypto traded over the last 24 hours
Dominance measures a crypto's total market capitalization relative to the total market cap of all cryptos
Volume / market cap ratio = 24h Volume / Marketcap
Velocity = 24h Volume / Circulating Supply
Last 30 days
Last 90 days
Last 1 year
Last 3 years
Volatility measures the annualized standard deviation of daily returns
Sharpe Ratio measures the excess return for a given level of risk