Solana (SOL)

The Solana blockchain's native cryptocurrency is SOL, which has fast transaction times and low transaction fees. The total number of tokens in Solana is not hard-capped. Inflation is expected to begin at 8% a year, decrease by 15% every year until it reaches 1.5% as the long-term rate. Solana's team and the nonprofit Steering Development of the Cryptocurrency, the Solana Foundation, split 37 percent of the SOL tokens that were initially distributed to investors, while 38% went to the Solana Foundation's community fund reserve. After its launch in March 2020, the price of SOL bounced between $0.50 and $1.50. SOL's price reached $55.91 by May 2021, placing it among the best-performing assets during the crypto bull market. It peaked in late November 2021 at $258.93, a new all-time high, after dipping as low as $23.49 in July 2021.