Cryptocurrencies: Solana’s Price for March 15 - 15-03-25

Among the many cryptocurrencies that have emerged, a few stand out, and Solana is one of them. Identified by its ticker SOL in the crypto market, it was created in 2017 by Anatoly Yakovenko. Solana is known for its high transaction performance and fast processing times, handling approximately 50,000 transactions per second, making it one of the fastest cryptocurrencies in the market.

Besides its speed, Solana offers low transaction fees due to its scalability, keeping them below $0.01 for both developers and users.

The native token of Solana is primarily used for staking (the process of acquiring cryptocurrencies and keeping them locked in a digital wallet to earn rewards) and for paying transaction fees. Solana has a limited supply, and 50% of the SOL used in transaction fees is burned each time to maintain a set inflation rate annually.

Solana's Price

As of 16:55 UTC on March 15, the price of Solana’s cryptocurrency stands at $132.87 per unit.

This reflects a 7.99% change in price over the last 24 hours, along with a 0.19% fluctuation in the past 60 minutes.