Solana (SOL) — price, overview & secure storage

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Last Updated on May 28, 2026 07:32 PM
What is Solana? Complete guide to SOL
What is Solana and who created it?
Solana is a layer 1 network that offers fast speeds and affordable costs. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Key features of Solana blockchain
Solana is designed to provide decentralized-finance/">decentralized finance (DeFi) solutions by leveraging blockchain technology's permissionless nature. It is known for its high throughput and low transaction costs, making it a popular choice for developers and users in the DeFi space.
How Solana transactions work
Solana operates as a layer 1 network, which means it functions as the base layer for other applications and protocols to build upon. Its architecture is optimized for speed and efficiency, allowing for a high number of transactions per second without compromising security or decentralization.
Wallet for Solana
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Tangem supports networks for Solana
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Similar cryptocurrencies to Solana (SOL)
| Asset | 24h % | Market cap | |
|---|---|---|---|
| $73,453.54 | -1.95% | $1.47T | |
| $2,020.50 | -1.70% | $0.24T | |
| $0.9985 | 0.03% | $0.19T | |
| $640.38 | -1.92% | $86.31B | |
| $1.32 | -0.47% | $81.93B |
Frequently asked questions about Solana (SOL)
- Solana is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. SOL is just the shorthand symbol used for market and wallet displays.
- You can buy Solana using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
How to store Solana securely with a hardware wallet
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemGet the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why Tangem is a trusted Solana hardware wallet
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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