Solana

Solana is an open-source blockchain platform known for its incredible speed and scalability. Launched in 2020, it was built to support decentralized apps and crypto projects without compromising performance. Unlike many other blockchains, Solana uses a unique hybrid system combining Proof of History and Proof of Stake, which helps achieve high throughput and low latency. Its native token, SOL, is used for transactions, staking, and governance. Solana has become a hub for NFTs, DeFi, and gaming projects. Its developer-friendly environment and growing ecosystem have positioned it as a strong competitor to Ethereum in the Web3 space.