What is Solana (Sol)?

Solana is a crypto computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It employs a bundle of novel approaches, including the “proof of history” mechanism. Solana’s native cryptocurrency is SOL, which is used to pay transaction fees and for staking.

What is Solana blockchain?

As a highly versatile open-source blockchain project, Solana has quickly positioned itself as the newest favorite of the DeFi ecosystem. This third-generation layer-1 blockchain can facilitate a wide array of dApps, DeFi solutions, and smart contracts.

What is Solana vs Defi?

Solana, the biggest competitor to Ethereum’s dominance over DeFi, has exploded in popularity this year. The platform has raced past some prominent blockchains to secure itself the fifth slot in the top ten global cryptocurrencies by market cap.

How many Defi projects are there on Solana?

We have 195 DeFi projects listed and 11 of them built on Solana. Phantom is a wallet and browser extension that can be used to manage digital assets and access decentralized applications on the Solana blockchain Step Finance is a dashboard for Solana blockchain that let you visualize, analyze, aggregate, and execute transactions.