Solana 1-Day Volume Tops $797.25 Million (SOL)

Solana (SOL) traded 0% higher against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on August 6th. One Solana coin can now be bought for about $40.47 or 0.00174248 BTC on popular cryptocurrency exchanges. Solana has a market capitalization of $14.02 billion and approximately $797.25 million worth of Solana was traded on exchanges in the last day. Over the last week, Solana has traded down 8.1% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 0.1% higher against the dollar and now trades at $23,224.77 or 1.00000000 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00004307 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00004305 BTC.
  • Polygon (MATIC) traded 0.4% higher against the dollar and now trades at $0.92 or 0.00003971 BTC.
  • Mammoth (MMT) traded 0.4% higher against the dollar and now trades at $0.84 or 0.00003637 BTC.
  • yOUcash (YOUC) traded up 0% against the dollar and now trades at $0.51 or 0.00002201 BTC.
  • FTX Token (FTT) traded up 0.7% against the dollar and now trades at $30.76 or 0.00132428 BTC.
  • Chainlink (LINK) traded up 1.6% against the dollar and now trades at $7.94 or 0.00034186 BTC.
  • Geegoopuzzle (GGP) traded 6.8% higher against the dollar and now trades at $16.14 or 0.00069496 BTC.

Solana Coin Profile

SOL is a PoH coin that uses the ETH Token hashing algorithm. Its genesis date was October 6th, 2017. Solana’s total supply is 511,616,946 coins and its circulating supply is 346,471,817 coins. Solana’s official Twitter account is @solaplatform and its Facebook page is accessible here. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. The official website for Solana is solana.com. Solana’s official message board is medium.com/solana-labs.

According to CryptoCompare, “Solana is a single-chain, delegated-Proof-of-Stake protocol, founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, focus on delivering scalability without sacrificing decentralization or security. Core to Solana’s scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency. SOL is the native token of the Solana blockchain. Community tokens are held by the Swiss Foundation, which is run by an independent board. This token pool is used for bounties, incentives programs, marketing, and grants. Solana’s mission is to support all high-growth and high-frequency blockchain applications and to democratize the world’s financial systems. “

Solana Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Solana directly using US dollars. Investors seeking to trade Solana should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Solana using one of the exchanges listed above.

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