BTCC/ Crypto Prices / Solana (SOL)
Solana

Solana Price SOL

AUD
A$117.78
-A$5.30 -4.31%
1D7D1M3M1Y YTD All

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Solana Today's Price

The real-time price of Solana today is A$117.78(SOL/AUD), with a market capitalization of A$66.50B AUD. The 24-hour trading volume is A$4.72B AUD. The price of SOL to AUD updates in real time. Over the past 24 hours, Solana has changed by -4.31%, with a circulating supply of 567.52M.

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About Solana

What is Solana (SOL)?

Solana 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.

How does Solana work?

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.

What Makes Solana Unique?

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.

How to buy Solana?

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.

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Solana FAQ

Why is Solana going up?

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.

 

Is Solana a promising investment based on its price history?

Solana(SOL) has historically grown over time but is volatile. Investment decision relies on risk tolerance and long-term strategy.

When will Solana crash again?

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.

What was Solana’s all-time low (ATL)?

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.

 

 

What was Solana’s all-time high (ATH)?

The Solana All-Time High (ATH) was A$414.81, 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.

How many Solana are there?

Solana(SOL) currently records a circulating supply of 567.52M, and its maximum supply is capped at ∞.

 

What is the current market cap of Solana(SOL)?

The current market cap of Solana(SOL) is A$66.50B. The market cap of a cryptocurrency means its total circulating supply multiplied by its current price.

What is Solana's 24h trading volume?

Solana's 24h trading volume is A$4.72B, representing the total value of all Solana(SOL) bought and sold across exchanges over the past 24 hours.

What is the current price of Solana(SOL)?

The current Solana price is A$117.78. 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.

How to Buy Solana: A Complete Guide?

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.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.