AboutWhat is Solana?
Solana is a high-performance Layer 1 blockchain that combines Proof of Stake with a unique "Proof of History" timestamping mechanism to achieve thousands of transactions per second at sub-cent fees. SOL is used for transaction fees, staking, and network governance.
HistoryOrigin & evolution
Founded by Anatoly Yakovenko, Solana's mainnet beta launched in March 2020. The network has experienced both dramatic growth in DeFi and NFT activity and a series of high-profile outages, prompting a sustained engineering focus on stability and validator client diversity.