Proof-of-History is a time-based consensus mechanism that develops a historical record of an activity based on its position in the blockchain , which is represented by a hash tree. This lets any node quickly verify the order of all transactions by checking the hashes on the hash tree, allowing for fast and efficient validation without requiring the nodes to store the full history of every transaction. SOL is the native token of the Solana blockchain. It can be used to pay for transaction fees (also known as gas fees) when sending transactions or interacting with smart contracts. It can also be used to secure the network through staking. Users can either stake their SOL directly, or delegate their holdings to an active validator in exchange for a share of the rewards. The trading volume of Solana (SOL) is $1,952,521,277.54 in the last 24 hours, representing a 49.00% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Solana (SOL) is $259.96 , which was recorded on Nov 06, 2021 (about 2 years). Comparatively, the current price is -76.60% lower than the all-time high price. The lowest price paid for Solana (SOL) is $0.500801 , which was recorded on May 11, 2020 (over 3 years). Comparatively, the current price is 12,053.80% higher than the all-time low price. Market capitalization of Solana (SOL) is $25,682,755,774 and is ranked #6 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SOL tokens (420 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Solana (SOL) is $34,182,015,581 . This is a statistical representation of the maximum market cap, assuming total number of 560 Million ETH tokens are in circulation today. The community is bullish as more than 82% of users are feeling good about Solana (SOL) today.