Solana is an open-source project leveraging blockchain’s permissionless nature to deliver decentralized finance (DeFi) solutions. Officially launched in 2020, it combines proof-of-history (PoH) and proof-of-stake (PoS) to enhance scalability. This hybrid consensus attracts both individual and institutional investors, while aiming to make DeFi more accessible to the masses.
With a 2.48% increase in the last 24 hours and at the time of writing, SOL is among the top-performing assets of the day.
Following the panic caused by the U.S. military strikes on Iran, the crypto market began a swift recovery. This rebound may have contributed to Solana’s recent price increase.
