Solana (SOL)
Fastest major blockchain: 0.4s blocks, low fees, memecoin home.
Solana: launched March 2020 by Anatoly Yakovenko. PoH + PoS. 0.4s blocks, 65k TPS, $0.001 fees. Cons: frequent outages, validator centralization. Post-FTX recovery: 2024 ATH $260, home of top memes (BONK, WIF, POPCAT).
In plain words
The fastest of the large blockchains: 0.4-second blocks, cents-level fees. That made Solana the home of memecoins (BONK, WIF, POPCAT) and fast trading. Downsides: frequent network outages and more centralized validators. After the FTX crash it bounced from $8 to $260 in 16 months.
Example
ATH $260 (Mar 2024). Post-FTX (Nov 2022): $8. ROI from bottom: 32x in 16 months. SOL meme season: BONK +500%, WIF 100x, POPCAT 50x in 2024. DeFi TVL: $8B (3rd after ETH and Tron).
Also known as: SOL, solana