The current Solana price is $149.97 (1 SOL ≈ 149.97 USD). Over the last 24 hours, its value has changed by -3.75%. Solana ranks #6 in market capitalization as a decentralized currency, enabling peer-to-peer transactions without reliance on traditional financial systems.
What Is Solana (SOL)?
SOL is the native cryptocurrency of Solana, a high-performance blockchain optimized for speed, scalability, and low-cost transactions. Unlike slower blockchains, Solana processes near-instant transactions at less than a cent per transaction, making it ideal for:
- NFTs
- DeFi applications
- Institutional-grade solutions
Launched in 2020 by Anatoly Yakovenko and Raj Gokal, Solana operates on its own Layer 1 blockchain, combining Proof-of-History (PoH) and Proof-of-Stake (PoS) for efficiency. Key features include:
✅ Staking rewards for network security
✅ On-chain governance for protocol upgrades
✅ Cross-chain interoperability
With 534,730,446.33 SOL circulating as of July 2025, its inflation rate decreases over time, enhancing long-term sustainability.
How to Buy Solana (SOL)
Step-by-Step Guide
- Select SOL: Click "Buy" on your exchange dashboard.
- Enter Amount: Choose your purchase amount and payment method (credit/debit card or bank transfer).
- Confirm: Review details and complete the transaction.
Maximizing Your Solana Investment
Exchange
Swap other assets for SOL at fixed rates.
Credit Line
Borrow at 2.9% APR without selling your SOL.
Nexo Card
Spend while earning interest on your balance.
Transfers
Send SOL fee-free to other Nexo users.
Why Buy Solana on Nexo?
- Seamless Purchases: Card/bank transfers + crypto cashback.
- Best Rates: Aggregated pricing from top 10 exchanges.
- Security: Institutional-grade infrastructure.
- Earn 8% APY: Grow your holdings passively.
Solana FAQs
What is Solana used for?
SOL powers transactions, staking, and smart contracts on its blockchain.
When did SOL hit its all-time high?
SOL’s ATH was $260.06 (November 2021).
How to buy SOL with a card?
Select "Credit/Debit Card" at checkout on supported platforms.
How does Nexo secure my SOL?
Assets are stored in insured, cold-storage wallets.