Buy Solana (SOL)

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Solana SOL
156,541 -2,98%
EUR
SOL
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156,541 € -2,98%
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Solana market data

Current price
156,541 €
Market cap
84.624.385.626,72 €
Volume
2.297.669.074,16 €
Circulating supply
540.188.128,35 SOL
Trading activity
0% Buy 0% Sell
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What is Solana?

Solana is a blockchain designed to enable fast and low-cost transactions. Unlike other blockchains, such as Ethereum, Solana uses a unique protocol called Proof-of-History to process transactions more efficiently. This makes Solana one of the most scalable networks in the crypto world. This is also one of the reasons why many people have called it the 'Ethereum killer' in recent years. However, Ethereum remains the larger network in terms of market capitalization. But in terms of daily transactions, Solana is far ahead of Ethereum.

The native cryptocurrency of this network is called Solana (SOL). You can buy Solana to invest, but also to participate in the ecosystem, such as executing smart contracts and paying transaction fees.
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Buy Solana with Finst.
Maximum security. Ultra-low fees.

  • Assets are held on a 1:1 basis with audited Proof of Reserves, guaranteeing full backing of customer funds
  • Based in Amsterdam & authorized as a crypto-asset service provider by the Dutch Authority for the Financial Markets (AFM)
  • Buy crypto in EUR with a 0,15% flat fee via iDEAL, Bancontact, or SEPA
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Performance

Solana price is over the last year. The highest price of SOL in the last year was € and the lowest price of Solana in the last year was €.
1D return
-2,98%
1W return
1M return
1Y return
YTD return
All-time return
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Network information

Name
Solana
Ticker
SOL
Network name
Solana network
RPC URL
https://solana.com/docs/references/clusters
Explorer URL
https://solscan.io

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  • Market order

    Buy Solana instantly at the best available price. Ideal for quick and easy purchases.

  • Limit order

    Set your maximum price for Solana. Your order will be executed when your limit price is reached on the market

  • Auto Invest

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FAQ

  • How to buy Solana?

    Follow the steps below to easily and securely buy Solana.

    1. Sign up

      Create an account with a reputable crypto platform like Finst.

    2. Deposit EUR

      Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

    3. Start investing

      Buy Solana and securely store it on our platform.

  • Can I automatically invest in Solana on a recurring basis (DCA)?

    Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Solana without any action required or additional fees.

    Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

  • What fees do I need to pay when buying Solana?

    When you buy Solana through Finst, you benefit from ultra-low trading fees of 0,15% per transaction.

    Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

    It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

    This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

  • Which order types can I use to buy Solana?

    At Finst, we support several order types to buy Solana: Market Order, Limit Order, and Auto Invest (DCA).

    - With a Market Order, you buy Solana instantly at the best available market price.

    - Do you want to buy Solana at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Solana. Your order will be executed once your limit price is reached on the market.

    - Do you want to invest in Solana without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

  • Can I use limit order to buy Solana?

    Yes, on our platform, you can easily buy Solana with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Solana reaches your limit price or lower.

    A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

  • Is it safe to buy Solana?

    Yes, it is safe to buy Solana through Finst. We are authorized as a crypto-asset service provider by the Dutch Authority for the Financial Markets (AFM) (no. 41000015), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Is it legal to buy Solana?

    Yes, buying Solana is legal in Europe. However, we advise you to do your own research before making a purchase.

  • Can I buy Solana anonymously?

    No, due to laws and regulations, it is not possible to buy Solana or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

  • Can I buy Solana with iDEAL?

    Yes, at Finst, you can easily buy Solana with iDEAL. We also support popular payment methods like SEPA and Bancontact.

  • Do you have to buy one Solana?

    At Finst, you can start investing in Solana with as little as €1. For many coins, it is not necessary to buy a whole coin.

  • What are the risks of investing in Solana?

    Investing in cryptocurrencies like Solana involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Solana, it is important to understand the risks.

    Volatility: The price of Solana can fluctuate significantly. This means that its value can rise and fall quickly.

    No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

    External factors: The price of Solana is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

  • How to store Solana?

    You can securely store your Solana in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

    We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Solana. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

    Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Can I send my Solana to an external wallet?

    Yes, you can send your Solana to an external wallet. With Finst, you can easily send your Solana to a hardware or a software wallet.

  • Can I store Solana on a hardware wallet?

    Yes, you can store Solana (SOL) on hardware wallets such as Ledger or Trezor.

  • Can I stake my Solana?

    Yes, at Finst, you can stake SOL and earn passive income on your coins while contributing to the security of the network.

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Additional Information about Solana (SOL)

How Does Solana (SOL) Work?

Solana combines various innovative technologies to drastically increase transactions per second. It uses Proof-of-History and Proof-of-Stake as its consensus mechanism, making the network reliable and efficient. This allows Solana to process over 65,000 transactions per second—much more than traditional blockchains like Ethereum.

Thanks to this speed and low cost, Solana’s adoption is growing rapidly and it’s become one of the largest coins on the market.

Proof-of-History and Proof-of-Stake

Proof-of-History (PoH), unlike what many people think, isn’t a consensus mechanism by itself. It’s an innovative time synchronization layer that works within Solana’s Proof-of-Stake (PoS) architecture. PoH provides the network with a cryptographic proof of time between events (also known as timestamps). This allows nodes in the network to easily order data without constantly communicating with each other.

Solana uses an internal clock based on the output of the SHA256 hash function. Instead of nodes determining time themselves, this clock provides a reliable time reference. The clock “ticks” approximately every 400 milliseconds, which means that in theory a new block can be created every 400 milliseconds—extremely fast compared to other blockchains.

The timestamp system works closely with PoS and the validators, who stake their SOL tokens to validate transactions and create blocks. This combination ensures a fast, efficient, and secure network.

Tower BFT

Solana uses a customized version of the traditional Byzantine Fault Tolerance (BFT) mechanism to reach consensus: Tower BFT. In traditional BFT, nodes must constantly communicate to agree on which blocks and transactions are valid. That takes time and uses lots of network resources—especially in large networks.

Tower BFT takes a different approach. It uses timestamps from Proof of History (PoH) to order validator votes and reach consensus. Since the sequence of events is already cryptographically recorded in the PoH timeline, nodes don’t need to constantly coordinate when something happened. This allows them to make quicker decisions on block validity, significantly speeding up the consensus process.

Not DPoS

Many people classify Solana as a Delegated Proof-of-Stake (DPoS) network because it shares similarities. But that’s not quite accurate. Solana doesn’t delegate tasks to specific nodes within the network, unlike traditional DPoS networks. Instead, all nodes participate in validating, storing data, and producing new blocks. A cool thing about becoming a validator on Solana is that you can start with a small amount—there are no minimum staking requirements. The more SOL you stake, the higher the chances you’ll be selected as a ‘leader’. The leader gets to produce the block and receives rewards paid in SOL tokens.

The selection happens through a pseudo-random process that takes the amount of staked tokens into account.

Block Production on Solana

New blocks on Solana are created roughly every 400 milliseconds, which is extremely fast compared to other blockchains. A new leader is selected every four blocks—that’s every 1.6 seconds. The leader is responsible for assembling and proposing the next four blocks.

Each block can process thousands of transactions, with a total capacity of up to 65,000 transactions per second under ideal conditions. Once a block is ready, the leader sends it along with the corresponding timestamps to the validators.

The validators then check the block and transactions for validity, and spread the approved blocks throughout the network. This keeps the blockchain moving quickly and efficiently.

Beyond PoH – Extra Tech for Scalability

In addition to PoH and PoS, Solana includes even more technologies that make it incredibly fast and scalable:

  • Gulf Stream: A protocol that pushes transactions forward to the next validators even before the current block is complete. This reduces confirmation time drastically and keeps the mempool (the transaction queue) small.
  • Sealevel: The first smart contract runtime that allows smart contracts to run in parallel—thousands at the same time. This boosts processing speed massively.
  • Turbine: Turbine breaks down data into smaller pieces that can be processed faster by different nodes. By spreading it efficiently, the network becomes much more scalable, regardless of how many nodes are involved.
  • Pipelining: A mechanism built to process transactions more efficiently. It ensures a streamlined processing flow and maximizes communication efficiency between nodes.
  • Cloudbreak: A horizontally scaled storage solution that lets Solana read and write account data super quickly. This database architecture supports high throughput without storage bottlenecks.

What Can You Do with Solana?

With Solana’s growing popularity, its ecosystem has expanded massively in recent years. Here are some platforms within the Solana network:

  • DeFi: On DeFi platforms like Orca and Raydium, you can trade tokens on the Solana network. Other major DeFi protocols include Hubble Protocol, Zeta Markets, and Mango Markets, offering advanced trading features and liquidity pools.
  • Lending: On Solend, Francium, and Port Finance, you can provide crypto loans. These platforms also allow for collateralized lending, earning interest on deposits, and automated capital growth strategies.
  • NFTs: Platforms like Solsea, Magic Eden, and Exchange.art let you trade non-fungible tokens (NFTs). Innovative projects like Degenerate Ape Academy, Aurory, and Okay Bears are also built on Solana and have strong communities.
  • Web3.0: Audius, Panzer Dogs, and Phantasia are part of the next generation of the “new internet,” Web3.0. Other projects like Only1 (a social NFT platform) and GenesysGo (decentralized cloud infrastructure) further expand Solana’s Web3 offerings.
  • dApps: Among the decentralized applications (dApps) on the network are Tatum, StarLaunch, and Kin. Apps like Stepn (move-to-earn), Drift Protocol, Marinade Finance, and Clockwork are also part of Solana’s growing list of innovative dApps.
  • Metaverse & Gaming: In metaverse and blockchain gaming, projects like Star Atlas, Space Falcon, and Afflarium Metaverse are active. These games offer real-time graphics, NFT integration, and interconnected worlds powered by Solana technology.

Who are the founders of Solana?

In 2017, Anatoly Yakovenko, Greg Fitzgerald, and Raj Gokal launched the Solana blockchain. They noticed that predecessors like Bitcoin and Ethereum had one major issue: the networks were not scalable enough, which made transaction fees very high. Additionally, both blockchains were slow in processing transactions. Their solution: a network that uses a new consensus algorithm that is incredibly fast, cheap, and scalable—Proof-of-History (PoH).

What is Proof-of-History?

Proof-of-History (PoH) is an innovative consensus mechanism developed by Solana to improve the efficiency and scalability of blockchain networks. Unlike traditional methods like Proof-of-Work (PoW) and Proof-of-Stake (PoS), PoH introduces a unique way to record the order and timing of transactions without relying on external time sources.

In many blockchain networks, determining the order and time of transactions is a challenge. Traditional consensus mechanisms often require nodes to constantly communicate with each other to agree on transaction timing and order, which can lead to delays and limited scalability.

How does Proof-of-History work?

PoH is essentially a type of decentralized clock that provides cryptographic proof of certain events on the blockchain. It uses a Verifiable Delay Function (VDF), which takes a specific amount of time to compute but is easy to verify. Each transaction on the network receives a unique timestamp, creating an immutable record. This allows the network to confirm the order of transactions without requiring continuous communication between nodes.

Advantages of Proof-of-History (PoH):

- Scalability: Because PoH reduces the need for constant communication between nodes, transactions can be processed faster, making it highly scalable.

- Efficiency: With a built-in timestamp for each transaction, validators can process transactions in the correct order without waiting for confirmation from other nodes.

- Security: Cryptographic timestamps make it difficult for hackers to manipulate transactions, ensuring high security.

Integration with Other Mechanisms

Solana combines PoH with other consensus mechanisms, such as Proof-of-Stake (PoS) and Tower BFT, to create a robust and secure network. This combination ensures a balance between speed, security, and decentralization.

The Solana Network

The Solana network is known for its high speed and low costs. Here are some fun facts:

- More than 65,000 transactions per second.

- Average transaction fees of just $0.00025.

- Support for smart contracts and numerous DeFi projects.

- A growing ecosystem with tens of thousands of projects and coins.

Thanks to these features, Solana continues to attract more investors and developers.

Meme Coins and Solana

Solana has become the go-to network for meme coins. Every day, hundreds (sometimes thousands) of new coins launch on this network. Well-known examples include Bonk (BONK), Dogwifhat (WIF), Trump Coin, and Melania Coin—all running on Solana.

Why do developers love Solana? It’s mainly because of the network’s technical strengths. With low transaction fees and super-fast block times, Solana is perfect for creating and trading tokens. It’s quick and easy—you can launch a token using Pump.fun in just five minutes. Plus, unlike Ethereum, Solana’s smart contracts are upgradable. That means a project can update its contract without needing to redeploy it from scratch. Super useful for projects that are just getting started and growing quickly.

Another big advantage is how easily you can make your memecoin tradeable on DEXs like Jupiter, Raydium, and Orca. These platforms let you list your token right after launch, creating fast liquidity.

But this ease of use also comes with downsides. The simplicity, ultra-low fees, and editable smart contracts attract a lot of scammers. It’s super easy to launch a memecoin meant to rip people off. Sadly, it happens a lot. They hype up a token, pull in money, then dump their coins and drain the liquidity. And you? You’re left holding a bag of losses.

Many of these coins have terrible tokenomics or unfair distributions, where insiders sell early and crash the price later.

This also happens on Ethereum or BSC—but lower costs (especially on Solana) often make it the scammers' preferred choice.

The SAGA Solana Smartphone

Solana keeps expanding—evident with the launch of its own smartphone in 2023. It was released by Solana Labs (the team behind Solana). There are now multiple versions, with Saga (v2) being the latest. The phone features top-end specs: a powerful processor, plenty of storage, and lots of RAM. It’s positioned in the premium Android range, but with built-in access to dApps, NFT marketplaces, wallets, and Solana Pay.

Why Did Solana Launch the SAGA Phone?

The Solana team wanted to reach a broader audience and embed blockchain tech into smartphones. It’s part of the vision to make Web3 more useful and accessible. The phone isn’t just a regular smartphone with a wallet app—it’s built from the ground up with crypto in mind.

One of its key features is the Seed Vault. This is a secure hardware-based environment that stores your private keys and seed phrases. Unlike regular wallets, this info stays completely separate from your OS and apps.

The phone supports Solana dApps that can be downloaded via the dApp Store. So it works similarly to traditional smartphones like Android or Apple. You can easily send and receive tokens, mint NFTs, and connect directly to DeFi platforms—all without needing a separate browser or wallet extension.

What Makes Solana Unique?

Solana is one of the fastest-growing smart contract platforms in crypto—and with good reason. Like Ethereum, it’s a decentralized network where you can build smart contracts, NFTs, dApps, and DeFi apps. But Solana has a few standout features:

  • Speed & Scalability: Thanks to PoH and PoS, Solana is insanely fast. The network can handle up to 65,000 transactions per second (TPS), making it one of the fastest out there. That’s a massive difference compared to Ethereum’s base layer, which handles just 15–30 TPS.
  • Low Fees: On top of the speed, transaction fees on Solana are extremely low. A typical transaction costs just a fraction of a cent. On Ethereum, fees can vary wildly—ranging from a few dollars to hundreds depending on network congestion. That makes Solana very appealing for high-usage apps like games, NFT marketplaces, and DeFi platforms.
  • Efficient Infrastructure: Solana’s infrastructure is flexible and highly efficient. While Ethereum focuses on stability and decentralization, Solana prioritizes efficiency and scalable tech. Sealevel lets thousands of smart contracts run in parallel. Gulf Stream sends transactions to the right validators even before the block is finished. Data is broken down and distributed to work more efficiently. These innovations make Solana super future-proof for mass blockchain adoption.

What is the Solana Foundation?

The Solana Foundation is a non-profit organization that supports and develops the Solana network. They work on improving scalability, decentralization, and overall network security.

Why buy Solana at Finst?

At Finst, you can buy Solana easily and securely. You benefit from low transaction costs, fast processing, and the option to send your Solana to your personal wallet. We also support staking and crypto bundles.

- Quickly and easily buy Solana via iDEAL or SEPA.

- Securely store Solana at Finst or send it to your own wallet.

- Invest from just €1.

- A platform with Proof-of-Reserves and advanced security.

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