Solana (SOL) Tops 24 Hour Trading Volume of $2.54 Billion

Solana (SOL) traded down 0.1% against the U.S. dollar during the 1 day period ending at 16:00 PM Eastern on October 16th. One Solana coin can now be purchased for $154.45 or 0.00227749 BTC on cryptocurrency exchanges. Over the last week, Solana has traded 10.1% higher against the U.S. dollar. Solana has a total market capitalization of $72.57 billion and $2.54 billion worth of Solana was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 8.2% against the dollar and now trades at $0.0494 or 0.00000073 BTC.

Solana Coin Profile

Solana (CRYPTO:SOL) uses the hashing algorithm. It was first traded on March 16th, 2020. Solana’s total supply is 586,718,746 coins and its circulating supply is 469,857,734 coins. The official message board for Solana is solana.com/news. The official website for Solana is solana.com. Solana’s official Twitter account is @solana 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.

According to CryptoCompare, “Solana (SOL) is a high-performance blockchain that uses a delegated Proof-of-Stake (dPoS) consensus algorithm and a unique method of ordering transactions to improve speed and throughput. It can process over 50,000 transactions per second and has 400ms block times, allowing it to scale without relying on Layer-2 systems or sharding. The network has processed over 21 billion transactions and has a native cryptocurrency, the SOL utility token, which is used to pay for transaction fees and interact with smart contracts on the blockchain. It can also be staked to earn staking rewards. Decentralized applications being built on Solana may create additional use cases for the SOL token, such as being used as collateral for loans or earning interest when lent out.”

Buying and Selling Solana

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

SOL/USD price chart by TradingView