Solana
is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality.Solana
was launched in 2020 by Solana
Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.Solana
sells unregistered securities, and misled investors about the number of tokens.Solana
should be regulated as a security.
Solana's total market cap was US$55 billion in January 2022.Source: Binance, Pair: SOL/USDT
Source: Binance, Pair: SOL/BTC