Solana is a blockchain platform known for its scalability and performance, processing up to 65,000 transactions per second with its unique consensus algorithm. The native token of Solana is called SOL.
Solana's price has shown significant fluctuations, with the token reaching a low of around $29 in June 2022 and experiencing a sharp decline following the bankruptcy of FTX in November. However, it saw a slow but steady rise in early 2023.
In 2024, Solana's price surpassed $200, but later faced a sharp decline, leading to debates on whether it had reached its peak. For 2025, price predictions range from around $250 to $400, with an average trading price expected to be close to $325.
Solana is considered a strong competitor to Ethereum and has gained recognition as an 'Ethereum Killer.' While network outages have been a concern, the team is working on improvements, making Solana an appealing investment option for those seeking alternatives.