Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana, or SOL, more than tripled during the summer of 2021. This had all but evaporated by the end of 2022, as a price of 183.03 U.S. dollars for SOL on July 29, 2025, was similar to the price of Solana in early 2021. The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin to avoid bankruptcy. The Solana protocol is similar to Ethereum in that it can allow for non-fungible tokens to be created ('minted') or traded. Solana, however, uses a technology called 'PoH' or Proof of History, which allows it to reach high transaction speeds. The Solana Foundation, the creators of the protocol, based in Switzerland, claims they could reach up to 65,000 transactions per second compared to 16 for Ethereum. Additionally, Solano had no transaction fees or 'gas', unlike Ethereum, which had growing transaction costs. These two reasons combined - Solana being deemed cheaper and faster than Ethereum - turned this relatively young protocol into a breeding ground for NFT projects in August 2021.

Based on professional technical analysis and AI models, deliver precise price‑prediction data for Solana Swap on 2025-07-23. Includes multi‑scenario analysis (bullish, baseline, bearish), risk assessment, technical‑indicator insights and market‑trend forecasts to help investors make informed trading decisions and craft sound investment strategies.

By July 2024, over *** million Solana tokens were issued and in active circulation - but new coins arrive slowly. Although the cryptocurrency has an unlimited supply - unlike Bitcoin, of which there can only be ** million tokens and not a single more - the Solana blockchain only issues a set amount of new tokens at the beginning of each year. This issuance is based off the year-to-year inflation rate, and can therefore vary. When SOL first launched, there was a maximum supply of around *** million, but the blockchain burned (erased from the blockchain) ** million of them. By December 2021, the maximum supply was around *** million SOL.

The market cap of Solana, a cryptocurrency connected with Decentralized Finance or DeFi, grew by *** percent in the summer of 2021. Originally launched only in **********, the rapid growth in 2021 made the digital coin one of the biggest in the world in terms of market capitalization. The altcoin's move into the spotlight coincided with the growing interest in NFTs and especially DeFi, as Solana is one of the biggest blockchains in this world. It is seen as a direct competitor to Ethereum, in that it can power decentralized applications, but in a more efficient way. Solana is said, for instance, to reach transaction speeds that are similar to a VISA transaction whilst using far less energy than Bitcoin miners.

The dominance of Solana (SOL) almost tripled between July and August 2021, and continued to grow in the following months. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market - for instance, it shows how strong Bitcoin is compared to all the other cryptocurrencies that are not BTC, called "altcoins". In the case of Solana, the dominance somewhat reveals how often it is used for smart contracts and whether it is a popular blockchain for Decentralized Finance (DeFi) applications.

Based on 24 hour trading volume, stablecoin Bitcoin outpaced Ethereum and, more importantly, Tether in May 2025, accounting for most crypto trades. This is unusual as stablecoin Tether often tends to be most traded - due to its use in purchasing other cryptocurrencies. Bitcoin's leading role is underlined in a market cap league table of more than 100 cryptocurrencies — including ones for DeFi, NFT and stablecoins. Bitcoin and Ethereum are typically the only ones to reach over 100 billion U.S. dollars, with Ethereum usually following by around one half this amount. Does this mean that Bitcoin gets traded more than Ethereum? Not necessarily, as the daily transactions of Ethereum tend to be significantly higher than that of Bitcoin.

Prices for SOLUSC Solana USD Coin including live quotes, historical charts and news. SOLUSC Solana USD Coin was last updated by Trading Economics this July 31 of 2025.

Prices for Solana - 환율 including live quotes, historical charts and news. Solana - 환율 was last updated by Trading Economics this July 28 of 2025.

Prices for MTCSOL Polygon Solana including live quotes, historical charts and news. MTCSOL Polygon Solana was last updated by Trading Economics this July 30 of 2025.

Nach dem Hype um NFTs und der steigenden Nachfrage in der DeFi-Community hat sich der Preis der Kryptowährung Solana im Sommer 2021 mehr als verdreifacht. Bis zum Ende des Jahres 2022 verlor Solana deutlich an Wert und erreichte ein ähnliches Niveau wie Anfang 2021. Am 29. Juli 2025 war ein Solana-Token 157,86 Euro wert. Der Zusammenbruch des Krypto-Händlers FTX im Jahr 2022 hatte insbesondere Auswirkungen auf die Kryptowährung, da FTX und seine Schwestergesellschaft Alameda Research eine große Menge der Währung verkauften, um einer Insolvenz zu entgehen.

Prices for ALGSOL Algorand Solana including live quotes, historical charts and news. ALGSOL Algorand Solana was last updated by Trading Economics this July 31 of 2025.

Prices for EURSOL Euro Solana including live quotes, historical charts and news. EURSOL Euro Solana was last updated by Trading Economics this July 31 of 2025.

The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022. On July 29, 2025, for example, a single BNB coin was worth more than 822.28 U.S. dollars - a value that is very different from the all-time high of 822.28 U.S. dollars in November 2021. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH), a cryptocurrency where BNB initially originated in 2017 before coming to its own years later.BNB's history: From a reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin, or BNB, originally started as an extension of the Binance.com trading platform, the most used cryptocurrency exchange in the world. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain, or BSC (called BNB Chain since February 2022). Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.DeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021, partly due to traffic overload and high gas prices on Ethereum, as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum. The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Another area where Binance's blockchain and token play a significant role is that of GameFi, or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Some of the more well-known and most popular NFT games, like Alien Worlds and Axie Infinity, run on the blockchain behind BNB.

Ethereum, Solana, and Tron together made up a large majority of the DeFi industry's total value locked (TVL) in 2025. TVL is the closest metric within the DeFi world to an overall market size. The volatile nature of developments in this new market can also be seen in the transaction volume of NFT for various segments. As Ethereum is the main blockchain powering transactions for decentralized finance, price developments of this particular cryptocurrency can have a big impact on DeFi: On September 10, 2021, Ethereum's TVL decreased by over ** billion U.S. dollars due to an overnight price drop.

Prices for Solana - سعر الصرف including live quotes, historical charts and news. Solana - سعر الصرف was last updated by Trading Economics this July 31 of 2025.

Prices for LNKSOL Chainlink Solana including live quotes, historical charts and news. LNKSOL Chainlink Solana was last updated by Trading Economics this July 30 of 2025.

Prices for Solana - 為替レート including live quotes, historical charts and news. Solana - 為替レート was last updated by Trading Economics this July 29 of 2025.

Prices for SOLARS Solana Argentine Peso including live quotes, historical charts and news. SOLARS Solana Argentine Peso was last updated by Trading Economics this July 31 of 2025.

Prices for XPFSOL CFP Franc Solana including live quotes, historical charts and news. XPFSOL CFP Franc Solana was last updated by Trading Economics this July 30 of 2025.

Based on professional technical analysis and AI models, deliver precise price‑prediction data for Solana Spaces on 2025-08-12. Includes multi‑scenario analysis (bullish, baseline, bearish), risk assessment, technical‑indicator insights and market‑trend forecasts to help investors make informed trading decisions and craft sound investment strategies.