#TrendTradingStrategy Solana is a high-performance blockchain known for its fast transaction speeds and low fees. Launched in 2020, it uses a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS), allowing it to process thousands of transactions per second. Solana is popular for decentralized applications (dApps), especially in DeFi and NFTs, with platforms like Magic Eden and Serum built on it. Its native cryptocurrency, SOL, is used for transaction fees and staking. Solana aims to offer a scalable and energy-efficient alternative to Ethereum. Despite facing network outages in the past, it has gained strong developer interest and a growing ecosystem, positioning it as one of the leading Layer 1 blockchains in the crypto space.