SolanaSOL
A high-speed blockchain built for scale — and famous for its comebacks.
30-day price
Where the chart sits — description, not prediction
Trading below both its 50-day ($74.25) and 200-day ($87.60) averages — the longer-term trend reads as down. 30-day range $72.98–$82.29; currently in the lower third of that range. RSI(14) 35 — momentum weak.
Computed from daily closing prices (CoinGecko), July 28, 2026. Compare all coins →
What is Solana?
Solana is a blockchain designed for speed and low cost. Where older networks process a handful of transactions per second and can charge meaningful fees when busy, Solana was engineered to handle thousands of transactions per second for a fraction of a cent, using a novel timekeeping approach its founders call "proof of history." That throughput made it a natural home for high-frequency activity: trading, payments, NFTs, gaming, and the memecoin trading that has defined much of its recent culture.
It was created by former Qualcomm engineer Anatoly Yakovenko, whose 2017 whitepaper became the basis for a mainnet that launched in March 2020. Solana rose quickly to become one of the largest blockchains by activity and value.
Solana's defining trait is volatility — in price and in reliability. It has suffered repeated network outages and a near-death experience tied to the FTX collapse, yet has recovered each time. It is widely regarded as a "high-beta" asset, meaning it tends to amplify the broader market's moves in both directions.
What has moved Solana
2021 — the breakout
An explosion of NFT and DeFi activity drove SOL up more than 100-fold in a single year, taking it from obscurity to a top cryptocurrency.
Nov 2022 — the FTX collapse
FTX and its trading arm Alameda held close to a billion dollars of SOL. Their failure triggered a 40% single-day crash and drove SOL down roughly 95% from its peak to under $15 — many wrote the network off entirely.
2023-24 — the recovery
Solana staged one of crypto's most dramatic comebacks, helped by real adoption signals such as Visa using it for USDC settlement, climbing back toward and past its old highs.
Jan 2025 — record high
SOL reached an all-time high around $295 in January 2025, amid momentum toward spot Solana ETFs.
2025-26 — the pullback
As the memecoin cycle that had fuelled much of its volume faded and crypto-wide leverage unwound, SOL fell sharply from its peak through early 2026.
Notable moments
It keeps going down — literally
Solana has suffered seven or more major network outages between 2021 and 2024, some lasting hours, where the chain stopped producing blocks entirely. Reliability has been its most persistent criticism.
The $320 million bridge hack
In 2022 the Wormhole bridge connected to Solana was exploited for around $320 million — at the time one of the largest DeFi hacks ever.
Pronounced dead, repeatedly
After the FTX collapse drove SOL under $10, numerous commentators declared the network finished. Its subsequent recovery to record highs became one of the sector's signature redemption stories.
Common questions
What makes Solana different?
Speed and cost: it is built to process thousands of transactions per second for a fraction of a cent, making it popular for trading, payments, and high-volume applications.
Why does Solana crash so hard?
It is a "high-beta" asset — thinner liquidity, heavy memecoin and leverage activity, and strong correlation to the broader market mean it tends to amplify both rallies and sell-offs.
Has Solana ever stopped working?
Yes — it has had several major outages where block production halted for hours. Improving reliability has been a central focus of its development.