$SOL SOL is the native cryptocurrency of the Solana blockchain network. It is used to pay transaction fees and to participate in the network's security through staking. The Solana network is known for its high processing speed, with the ability to handle thousands of transactions per second, and for its low operational costs. Its innovative technology has made it a popular platform for decentralized applications (DApps), decentralized finance (DeFi), and non-fungible tokens (NFT), positioning it as one of the main competitors to Ethereum.