solana

Solana is a popular blockchain that supports decentralized applications and tokens. Launched in 2020, the network is frequently pitched as a leading alternative to the high fees and slow transaction times that have sometimes plagued market leader Ethereum. Solana claims to be capable of processing transactions 4,000 times faster than Ethereum.
Those pitches are often made by venture capitalists, who flooded the project, helmed by former Qualcomm employee Anatoly Yakovenko, with over $300 million in 2021. The cash jolt helped Solana’s native currency, SOL, rise to highs of $78 billion in June of that year. 
Solana has since its inception relied on the environmentally-friendly proof-of-stake technique to verify transactions on its blockchain and, like Ethereum, users pay transaction fees in its native currency.
Solana is not compatible with popular Ethereum wallets like MetaMask, and instead relies on its own network of wallet makers. Popular choices include Solflare and Phantom. It also has a lively NFT scene, hosting projects like Solana Monkey Business and the Degenerate Ape Academy.