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Solana (SOL)
Solana is a high-performance blockchain platform known for its speed and scalability. It was designed to support decentralized applications (dApps) and crypto projects that require fast transaction processing with low fees. Solana achieves this through its unique consensus mechanism called Proof of History (PoH), which allows it to process thousands of transactions per second (TPS). Solana’s native cryptocurrency, SOL, is used for staking, transaction fees, and governance. The network has gained significant popularity in the DeFi and NFT spaces due to its low transaction costs and high throughput. For example, platforms like Serum, Raydium, and several NFT marketplaces are built on the Solana blockchain.
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