
Solana
SOL#7SOL is the native coin of Solana, a fast blockchain for payments, trading and apps.
- Market cap
- $69.79B
- Volume 24h
- $4.04B
- All-time high
- $293.31
- −59.53% from ATH
- Circulating supply
- 587.78M
Does not clear all 8 Shariah criteria. Needs caution: nature of the asset, gambling (maysir), usage, and benefit and harm (maslahah).
- 4 pass
- 4 caution
- 0 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
About Solana
SOL is the native coin of Solana, a fast blockchain for payments, trading and apps.
Solana is a public blockchain designed to process many transactions quickly and cheaply. Its mainnet launched on 16 March 2020. The design comes from a whitepaper by Anatoly Yakovenko, who founded Solana Labs. SOL is the network's native coin: it pays transaction fees and storage deposits, and holders stake it with validators, the computers that confirm transactions.
SOL has no fixed supply cap. Total supply was about 634.2 million SOL on 16 September 2026. New SOL is issued to validators and stakers: inflation started at 8% a year, falls by 15% each year toward 1.5%, and stood at about 3.64%. Half of each base transaction fee is burned. In August 2026 validators voted to make inflation fall twice as fast, but that change was not yet active.
Today Solana carries about $15 billion of stablecoins. Companies such as Visa, PayPal, Western Union and MoneyGram use it for payments and settlement, and it hosts tokenised assets, decentralised exchanges and a large memecoin market. In the US, SOL is held by spot exchange-traded funds, the first of which began trading in October 2025.
No single company runs the network. Anza (a spin-off of Solana Labs) and Jump (with its Firedancer client) develop the validator software. The Solana Foundation supports development and validator decentralisation, and about 690 validator vote accounts secure the network and vote on governance proposals.
Sources · 16
- Solana: A new architecture for a high performance blockchain (whitepaper)
- Solana Explorer — block 0
- Solana supply (Solana Explorer)
- Anza docs — Validation-client economics: state-validation protocol-based rewards
- Solana RPC — getInflationRate
- Solana docs — Fees
- CoinDesk — Solana vote to double disinflation passes by a hair in dramatic finish
- Solana ecosystem roundup: August 2026
- Visa — Visa Expands Stablecoin Settlement Capabilities to Merchant Acquirers
- PayPal — PayPal USD Stablecoin Now Available on Solana Blockchain
- DefiLlama — stablecoins by chain
- The Bitwise Solana Staking ETF (BSOL) Begins Trading (Bitwise)
- Solana — Labs and Anza fork announcement
- firedancer-io/firedancer releases
- Solana Foundation — About
- Solana RPC — getVoteAccounts
AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Key facts
- Launched
- Mar 16, 2020
- Whitepaper
- solana.com/solana-whitepaper.pdf
- Creator
- Anatoly Yakovenko
- Issuer
- None
- Consensus
- Proof of Stake
- New supply
- 3.64% a year
What it is used for
- Sending and settling stablecoins such as USDC and PYUSD at low cost
- Paying transaction fees and storage deposits on the network
- Staking with validators to help secure the network
- Tokenised real-world assets such as tokenised stocks
- Decentralised exchanges and other on-chain applications
- Exposure through US spot exchange-traded funds
Market data
- Market cap
- $69.79BRank #7
- Fully diluted value
- —
- Volume 24h
- $4.04B5.79% of market cap
- Total supply
- 634.84M SOLIssued so far
- All-time high
- $293.31Jan 19, 2025 · −59.53%
- All-time low
- $0.5008May 11, 2020
- Circulating supply
- 587.78M SOL
- Max supply
- —No fixed cap
Where it trades
19 exchanges from our coverage · no referral links
KrakenCentralized · SOL/USDVolume 24h$110.21MReliability7.4Halal productNo halal product
Bitstamp by RobinhoodCentralized · SOL/USDVolume 24h$38.27MReliability7.2Halal productNo halal product- BybitCentralized · SOL/USDTVolume 24h$91.86MReliability7.1Halal productIslamic account
- Crypto.com ExchangeCentralized · SOL/USDVolume 24h$58.74MReliability7.0Halal productNo halal product
BinanceCentralized · SOL/USDTVolume 24h$440.61MReliability6.7Halal productShariah-compliant earn
OKXCentralized · SOL/USDTVolume 24h$160.66MReliability6.7Halal productNo halal product
Coinbase ExchangeCentralized · SOL/USDVolume 24h$139.5MReliability6.6Halal productNo halal product
BitvavoCentralized · SOL/EURVolume 24h$28.32MReliability6.5Halal productNo halal product
LunoCentralized · SOL/MYRVolume 24h$595.48KReliability6.5Halal productShariah-compliant earn
UpbitCentralized · SOL/USDTVolume 24h$246.14KReliability6.5Halal productNo halal product
GeminiCentralized · SOL/USDVolume 24h$1.65MReliability6.2Halal productNo halal product
GateCentralized · SOL/USDTVolume 24h$133.84MReliability5.9Halal productNo halal product
WhiteBITCentralized · SOL/USDTVolume 24h$34.11MReliability5.7Halal productNo halal product
KuCoinCentralized · SOL/USDTVolume 24h$50.28MReliability5.6Halal productNo halal product
BitgetCentralized · SOL/USDTVolume 24h$79.05MReliability5.0Halal productNo halal product
MEXCCentralized · SOL/USDTVolume 24h$99.59MReliability4.7Halal productNo halal product
PionexCentralized · SOL/USDTVolume 24h$56.49MReliability4.0Halal productNo halal product
BithumbCentralized · SOL/KRWVolume 24h$11.57MReliability3.9Halal productNo halal product
BitfinexCentralized · SOL/USDTVolume 24h$9.36MReliability3.3Halal productNo halal product
No exchanges match this filter
Listings as of Sep 18, 2026
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