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Solana is a type of cryptocurrency or digital currency that exists exclusively online. Solana was initially released in April 2019 and started trading at less than $1 per coin. Since then, its price has risen remarkably fast, rising to above $200 before falling alongside other cryptocurrencies for most of 2022. As of September 2022, Solana traded for about $35.
Solana is a blockchain network created in 2017 by Anatoly Yakovenko and Greg Fitzgerald. It first entered the crypto trading market with its coin, SOL, in April 2020, debuting at $0.79 per coin. After that, it saw a rocky climb to its record high of nearly $260 in November 2021 before declining fairly steadily to $31.67 by Aug. 28.
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