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Solana Price CAD & Updates
C$298.80
- Market Cap C$139,007,446,482.35
- Volume C$20,275,738,212.55
- Available Supply 471,918,949 SOL
- ATH C$362.61
- ATH(% Change) -18.33%
- ATH Date 2021-11-06
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Solana price in Canadian Dollars is C$298.80. It has a marketcap of C$139,007,446,482.35. Solana price prediction, news & update.
About Solana
Solana is a highly functional open-source project implementing a high-performance and permissionless blockchain. Due to its scalability, fast transaction times, and low transaction, it is a popular platform for decentralized applications (dApps), crypto-currencies, and decentralized finance (DeFi) projects. Anatoly Yakovenko founded Solana in 2017.
This cryptocurrency is known for its scalability as it offers high throughput (tens of thousands of transactions per second) and low transaction costs without sacrificing decentralization and uses a consensus mechanism, Proof of History (PoH), to create a historical record proving that an event occurred at a specific time.
You can use Solana for staking and various applications including decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), decentralized applications (dApps), and more.
What are Solana's tokenomics?
Solana's tokenomics includes a fixed supply of SOL tokens, with a portion allocated for initial distribution, team incentives, community grants, and ecosystem development.
What are Solana Clusters?
Solana Clusters are independently functioning validators that work together to maintain the blockchain's ledger and state. Each cluster can be tailored for specific applications to provide flexibility and scalability.
Can Solana handle high transaction volumes?
Yes, Solana can handle high transaction volumes. Under optimal conditions, it can process over 65,000 transactions per second (TPS).
What are some notable projects and dApps built on Solana?
Notable projects and dApps built on Solana include Serum (a decentralized exchange), Audius (a decentralized music streaming service), Solana Beach (a blockchain explorer), and Raydium (an automated market maker).
What is the Solana Foundation, and what role does it play in the ecosystem?
The Solana Foundation is a non-profit organization that develops and adopts the Solana blockchain. It supports the ecosystem's growth through grants, partnerships, and educational initiatives.
What is the total supply of SOL tokens?
The total supply of SOL tokens is capped at 489 million.
How can I buy SOL tokens?
You can buy SOL from various cryptocurrency exchanges or DEXs by using fiat or other cryptocurrencies. You'll need to create an account on such platforms, deposit funds, and trade SOL.
Where can I store my Solana (SOL) tokens?
You can store SOL tokens in any Solana-compatible wallet and hardware wallets like Ledger and Trezor. It is important to choose a secure wallet to protect your assets.
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