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View ChartThe real-time price of Solana today is A$116.08(SOL/AUD), with a market capitalization of A$69.61B AUD. The 24-hour trading volume is A$4.84B AUD. The price of SOL to AUD updates in real time. Over the past 24 hours, Solana has changed by -5.30%, with a circulating supply of 567.52M.
Buy SolanaSolana is an innovative blockchain platform that supports scalable, decentralised applications. Developed by Solana Labs and founded by Anatoly Yakovenko, it is governed by the Solana Foundation. Its dual proof-of-stake and proof-of-history consensus mechanism enables high transaction throughput. It offers faster transaction speeds and lower costs than competitors like Ethereum.
Solana uses a consensus process called Tower BFT (Byzantine Fault Tolerance), which incorporates the widely used proof-of-stake approach alongside its own algorithm. Proof of stake is similar to a lottery in that it randomly selects “stakers” to verify each blockchain ledger. ‘Staking’ refers to voluntarily locking bitcoin into an account, which prevents its transfer or sale.
Meanwhile, Tower BFT keeps track of the specifics of every transaction using a timestamp tracking mechanism known as proof of history, which generates an immutable record. Together, these two techniques enable Solana to validate blockchain transactions much more quickly than proof of stake or proof of work alone.
From a tokenomics perspective, the creation of the SOL cryptocurrency is unlimited; in contrast, Bitcoin has a maximum quantity of 21 million. Additionally, Solana employs an inflation timetable to plan the amount of additional supply it intends to create in order to compensate stakeholders and other network members. However, if a new proposal is approved by the Solana community — which includes investors, validators, core and third-party developers, and Solana token holders — this schedule can be changed.
Like many other blockchains with infinite token supplies, Solana employs a burning mechanism to counteract inflation. This process ‘burns’ cryptocurrency units, removing them from circulation and reducing the total quantity. However, whether the current structure burns enough to combat inflation is a matter of contention in the crypto world.
The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
Solana has received much praise for its speed and performance and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the “Visa of crypto.” Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics.
This has led to a retrace in the price of SOL as of February 2022, and more short-term bearish price action cannot be ruled out. However, in the long run, Solana should appreciate thanks to strong support from exchanges like FTX.
The easiest way to buy Solana is through a crypto exchange like BTCC. BTCC makes purchasing Solana easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Solana purchase, register with BTCC today.
Solana's price is increasing due to demand outstripping supply, driven by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.
Solana(SOL) has historically grown over time but is volatile. Investment decision relies on risk tolerance and long-term strategy.
Predicting the exact timing of a Solana crash is impossible, as the market is influenced by a lot of factors, such as global economics, regulation, and investor sentiment.
For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.
The Solana All-Time Low (ATL) price was 0.505193636791, recorded on 2020-05-11 19:45. This represents the lowest price for Solana(SOL) on record.
The Solana All-Time High (ATH) was A$416.34, which was recorded on 2025-01-19 11:15, representing the highest price Solana has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live SOL price for the most up-to-date information.
Solana(SOL) currently records a circulating supply of 567.52M, and its maximum supply is capped at ∞.
The current market cap of Solana(SOL) is A$69.61B. The market cap of a cryptocurrency means its total circulating supply multiplied by its current price.
Solana's 24h trading volume is A$4.84B, representing the total value of all Solana(SOL) bought and sold across exchanges over the past 24 hours.
The current Solana price is A$116.08. As the SOL price fluctuates constantly, BTCC provides real-time SOL to USD prices that can be accessed at the top of our crypto price page.
Solana can be purchased directly on BTCC using fiat currency or other cryptocurrencies. As a famous crypto futures exchange, BTCC offers over 360 futures contracts with flexible leverage of up to 500x, including SOLUSDT.