What is Solana?
SOLSolana is a high-throughput smart-contract blockchain secured by proof of stake.
The tokenSOL pays transaction fees, is staked to validators to secure the network, and new SOL is issued to stakers as rewards.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 591.1 million SOL
- Total supply
- 637.3 million SOLin existence, locked or not
- Maximum supply
- None fixedSolana has no fixed maximum: new SOL is issued to stakers each epoch
- Issued or unlocked
- 92.8%circulating, of the total supply
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −45.2%daily closes
- Volatility, past year
- 62%annualised, daily log returns
- Deepest fall from a peak, past year
- −62.8%daily closes
- Below its all-time high
- −66.6%high of $261.97 on 18 Jan 2025
- Correlation with bitcoin
- 0.87daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.23its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Supply we cannot count
We do not run a Solana node: the supply is the project's or network's published figure, read every hour and labelled as such.
- Price swings
Its daily moves were 1.4x as large as bitcoin's over the past year (volatility 62% against 44%).
- Distance from the high
It trades 67% below its all-time high daily close of $261.97 (18 Jan 2025).
- Moves with bitcoin
Its daily returns had a correlation of 0.87 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is Solana?
Solana is a high-throughput smart-contract blockchain secured by proof of stake.
What is SOL used for?
SOL pays transaction fees, is staked to validators to secure the network, and new SOL is issued to stakers as rewards.
Is Solana's supply capped?
No fixed maximum (Solana has no fixed maximum: new SOL is issued to stakers each epoch); the total supply today is 637.3 million SOL.
Where is Solana traded?
On 11 of the 11 exchanges we read: 10 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update