All About Solana

Main Information About Solana Blockchain

What is Solana Blockchain?

Solana is a high-speed, low-cost Layer 1 blockchain built for decentralized applications (dApps), smart contracts, NFTs, DeFi platforms, games, and more. Known for its blazing-fast transaction speeds and tiny fees, Solana is designed to scale for global adoption without sacrificing decentralization or security.

In recent years, Solana has become a major player in Web3 — not just for its technology, but also as the launchpad for some of the most popular meme coins that have taken the crypto world by storm.

For those interested in exploring Solana’s code and technical foundations, the project is open-source on GitHub, and the Solana Whitepaper details its innovative Proof of History mechanism.

Who Created Solana Blockchain?

Solana was co-founded by Anatoly Yakovenko, a former engineer at Qualcomm, alongside Greg Fitzgerald and Stephen Akridge. 

Their mission: build a blockchain that solves the scaling limitations of older networks like Ethereum and Bitcoin by creating a new way to process transactions faster and more efficiently.

Why Was Solana Created?

With blockchains getting congested and fees rising, Solana set out to change the game by introducing Proof of History (PoH) — a system that allows transactions to be ordered and verified more efficiently. 

Combined with Proof of Stake (PoS), this gave Solana a unique edge: fast, cheap, scalable, and ready for mass adoption.

How Solana Blockchain Works

Proof of History (PoH)

PoH is an innovative timestamping mechanism that creates a verifiable timeline for transactions. This allows Solana to process thousands of transactions in parallel, drastically improving speed.

Think of Proof of History (PoH) like a clock that records events in order, so Solana doesn’t need to wait for validators to agree on when things happenedt, saving time and making the network much faster.

Proof of Stake (PoS)

Solana also uses PoS for network security and validator incentives. Token holders stake SOL to help verify transactions and receive staking rewards in return.

Proof of Stake (PoS) is how the network stays secure. Users lock up their SOL tokens (called staking) to help verify transactions. In return, they earn rewards, like passive income.

Key Features of Solana

Solana Ecosystem and Real Use Cases

Solana isn’t just fast, but also a functional blockchain. With low fees, high throughput, and instant finality, Solana has become the home for a growing number of real-world applications across finance, collectibles, gaming, and communications.

• DeFi (Decentralized Finance)

Solana offers one of the most active DeFi ecosystems, where users can swap tokens, provide liquidity, or earn yield — all at lightning speed and near-zero fees.

• NFTs and Digital Collectibles

Solana’s low-cost transactions have made it a popular chain for NFT artists, collectors, and traders. It supports massive minting events and quick marketplace activity without gas fee spikes.

• Gaming

Solana is a natural fit for blockchain gaming thanks to its performance. Game developers leverage the speed to create immersive, on-chain experiences.

• Payments and Social Apps

Solana is also entering real-world commerce and infrastructure, enabling fast, secure payments and decentralized mobile services.

1. Solana Pay – Enables instant, low-cost payments between merchants and users
2. Helium Mobile – Combines Solana with decentralized wireless services

Users can explore top Solana dApps on platforms like DappRadar, which tracks activity, volume, and trends across DeFi, NFTs, and games on the network.

Solana Smartphones: Web3 in Your Pocket

Solana Mobile is reshaping how we interact with Web3, not through browser extensions or desktop tools, but through hardware made for crypto from the ground up.

What started with the Saga has now evolved into a next-gen experience with the upcoming Seeker.

Saga (2023)

Solana’s first phone featured a built-in Seed Vault, a dedicated Solana dApp store, and Solana Pay integration. Initially slow to sell, it gained popularity after the BONK airdrop and eventually sold out in 2024.

Seeker (Launching 2025)

Expected to ship mid-2025, the Seeker improves on Saga with upgraded specs, a sleek design, and deeper dApp integration. Each device includes a Seeker Genesis Token, giving users access to exclusive rewards and ecosystem perks. With over 140,000 pre-orders globally, interest is demonstrating to be strong.

Solana Foundation and Ecosystem Funding

The Solana Foundation plays a central role in supporting builders and driving adoption. Through grants, hackathons, and strategic investments, the Foundation has helped:

• Launch over 500 active projects
• Fund open-source infrastructure like wallets, explorers, and SDKs
• Provide regional support in Latin America, Asia, Europe, and beyond

This proactive investment strategy is a key reason why Solana boasts one of the most active developer communities in crypto.

Meme coins on Solana: Fueling Activity and Attention

In 2025, meme coins have become one of Solana’s most active and visible sectors — generating massive on-chain volume, drawing in new users, and often making headlines far beyond the crypto space.

Notable Meme Coins on Solana:

• BONK – The original Solana meme coin, still backed by a strong community and utility momentum.
• WIF (Dogwifhat) – Gained viral popularity in late 2023, maintaining a top position by market cap through 2024–2025.
• SAMO – A long-running, community-driven project focused on education and onboarding new users.
• TRUMP – Launched in early 2025 and quickly soared past $9B in market cap, fueled by political buzz and high-profile media coverage.
• MELANIA – Released shortly after $TRUMP, this token surged past $4B in minutes, contributing to Solana network congestion due to overwhelming demand.
• ROUTINE – A satirical token launched in March 2025 that hit $19M in market cap in 48 hours, demonstrating the meme coin trend’s strength and speed.

These meme coins have driven daily transaction volumes into the millions and brought new users into the Solana ecosystem faster than most DeFi or NFT campaigns.

Bridging and Interoperability: How Solana Connects to the Multichain World

One of Solana’s biggest strengths isn’t just how fast or cheap it is. It’s how well it connects with other blockchains, what we call interoperability. 

Whether you’re holding ETH, BNB, BTC, or stablecoins, Solana makes it easy to bring those assets into its ecosystem using bridging tools like:

• Wormhole

Solana’s most-used bridge, connecting over 20 chains including Ethereum, BNB Chain, and Polygon. It supports tokens, NFTs, and even cross-chain messaging. Widely integrated into dApps like Jupiter.

• Allbridge

Offers stablecoin bridges and token support for 24+ chains. Great for users bridging from Avalanche, Tron, Fantom, and more.

• deBridge

Focused on high-speed, programmable cross-chain transfers. Popular among developers building advanced dApps.

• Yona Network & Eclipse

Yona allows users to bring native BTC into Solana — no wrapping needed. Eclipse brings Ethereum compatibility to Solana’s high-performance environment.

What these tools means for you

• Bring ETH, BNB, BTC, and stablecoins into Solana
• Use Solana dApps without swapping everything
• Save time and gas with cheaper transactions
• Tap into multichain DeFi, NFTs, and games

Can You Trust Solana? Here’s What the Validator Network Tells Us

Solana runs on a global network of over 3,400 validators, with consensus decisions powered by nearly 2,000 active nodes. These validators are spread across continents, operated by independent community members — not a centralized entity.

That means no single party can shut it down, manipulate transactions, or control what happens on-chain.

Even more important: Solana’s Nakamoto Coefficient — the number of validators needed to compromise the network — is 31, one of the highest among major blockchains. (March 2025 data)

Leader Rotation Mechanism

Instead of relying on a single validator for long stretches (like many other PoS chains), Solana uses rapid leader rotation, with each validator taking turns producing blocks.

Why is this important to the user?

• Keeps throughput high (up to 65,000 TPS)
• Reduces downtime or manipulation risks
• Keeps participation broad and fair

This mechanism makes Solana not just fast, but decentralized and resilient by design.

In short, yes — you can trust Solana to be a secure, reliable base layer for storing value, using dApps, building projects, or exploring DeFi.

Solana (SOL) Tokenomics 

1. Overview

• Token Symbol: SOL
• Blockchain: Solana native chain
• Utility: Used for transaction fees, staking, and interacting with dApps
  

2. Supply

• Initial Supply: 500 million SOL
• Circulating Supply: ~440 million SOL (varies)
• Inflation Model: Starts at 8% annual inflation, decreasing annually to 1.5%
  

3. Staking and Rewards

• Stake SOL to secure the network and earn rewards.

4. ​As of March 25, 2025, Solana’s market performance is as follows:

• Price: Approximately $145.20 USD per SOL.​
• Market Capitalization: Around $74.24 billion USD.​
• 24-Hour Trading Volume: Approximately $3.43 billion USD

For real-time price tracking and market data, CoinMarketCap and CoinGecko provide up-to-date metrics on SOL’s price, trading volume, and historical performance.

Solana Insights: On-Chain Analytics and Tracking Tools

To monitor Solana’s blockchain health and market trends, Glassnode offers detailed on-chain analytics like capital flows, supply metrics, and investor behavior. Recent data highlights strong capital inflows and a 2,000%+ price surge over two years, reflecting growing confidence in Solana’s ecosystem.

Users can explore real-time Solana data on Dune Analytics, which offers customizable dashboards tracking transactions, token activity, and user metrics across Solana’s network.

For wallet tracking and fund flows on Solana, Arkham Intelligence provides real-time insights into transactions, wallet activities, and major on-chain movements.

To explore Solana in more detail, users can rely on Solscan, a dedicated blockchain explorer for Solana. It provides real-time data on transactions, token activity, and wallet balances, making it easy to monitor the network and stay informed about the latest activity across the Solana ecosystem.

How to Store and Use Solana Safely with Klever

Whether you’re holding SOL, collecting NFTs, or trading meme coins like BONK, TRUMP, and WIF, your Solana experience deserves tools that are secure, simple, and built for Web3. 

That’s where the Klever ecosystem delivers.

Why Klever Is a Must-Have for Solana Users:

• Mobile Wallet: Full self-custody of your SOL and Solana tokens with a built-in swap tool to trade directly in-app — fast, intuitive, and secure.
• Browser Extension: Access Solana dApps and sign transactions with ease, directly from your desktop.
• KleverSafe (Hardware Wallet): Cold storage protection with seamless integration — perfect for long-term holders and serious security.
• Cross-Chain Management: One wallet. Multiple ecosystems. Swap, send, and manage your crypto across the most-used blockchains — no extensions, no bridges, no hassle.
• All-in-One Experience: From DeFi and NFTs to meme coins and payments, Klever Wallet makes it easy to explore Solana and the entire Web3 world in one place.

Whether you’re on mobile, desktop, or securing assets offline, Klever Wallet  gives you the tools to control your crypto with speed, safety, and flexibility.

Experience Solana the Klever Way

Solana has established itself as one of the fastest, most accessible, and most innovative blockchains on the market. Combining high performance with a vibrant ecosystem spanning DeFi, NFTs, gaming, and meme coins.

With a robust validator network, advanced analytics tools, and a global developer community, Solana is ready to scale even further and deliver real solutions for the next generation of Web3 users.

And with Klever Wallet, you have everything you need to explore this ecosystem with security, simplicity, and full control — whether on mobile, in your browser, or through offline protection with a hardware wallet.

Whether you’re storing assets, swapping tokens, interacting with dApps, or building something new, Solana is a blockchain built for the future and Klever Wallet is your gateway.

Download Klever Wallet now and manage your Solana tokens — and 40+ other blockchains — with confidence.

Solana FAQ

1. What is Solana?

Solana is a high-performance Layer 1 blockchain designed for fast, low-cost transactions. It powers dApps, NFTs, DeFi, and gaming applications.

2. How fast is Solana?

Solana can process up to 65,000 transactions per second, with average fees under $0.01.

3. What makes Solana different from other blockchains?

Its unique Proof of History (PoH) system allows for parallel processing of transactions, making it one of the fastest and most scalable blockchains available.

4. Can I stake SOL?

Yes. You can stake SOL to help secure the network and earn rewards in return.

5. What are Solana’s main use cases?

Solana is used in DeFi platforms, NFT marketplaces like Magic Eden, games like Star Atlas, and real-world apps like Solana Pay and Helium Mobile.

6. What are meme coins on Solana?

Meme coins are community-driven tokens often inspired by internet culture, jokes, or public figures. On Solana, they’ve gained popularity due to the network’s low fees and high speed, making it easy to launch and trade tokens at scale. Examples like BONK, WIF (dogwifhat), TRUMP, and MELANIA have driven record activity, attracting new users and fueling Solana’s on-chain growth.7. Is Solana secure and decentralized?

Yes. Solana has over 3,400 validators globally and a Nakamoto Coefficient of 31, making it one of the most decentralized networks among major blockchains.

8. Can I use Solana with Klever Wallet?

Absolutely. Klever Wallet, Extension, and KleverSafe support SOL and Solana tokens, dApps, and token swaps — all in one secure ecosystem.

Be your own bank. Be Klever