Introduction
Introduction
Are you new to crypto investing and looking for innovative projects with potential? Solana (SOL) could be an excellent choice for your portfolio. This ultra-fast, highly scalable blockchain network brings cutting-edge technology features that have attracted the attention of investors and developers worldwide.With Abarai, buying or selling SOL is simple and fast. Using the Abarai platform, you benefit from:
- Phone support in Romanian.
- Low, transparent fees. No hidden costs that could reduce your profit.
- For swap transactions you enjoy full anonymity and instant execution.
- For transactions under 1000 EUR, in 90% of cases you only need to provide billing details.
What is Solana
What is Solana
Solana is an open-source blockchain platform built to let decentralized applications (dApps) and smart contracts run quickly and efficiently. In other words, Solana is an ecosystem designed to support developers, investors, and end users, offering a fast and low-cost alternative to other blockchains like Ethereum.The main goal of the Solana blockchain is to solve the scalability and slow-speed issues of other networks while keeping transaction fees low. Its native token, SOL, is used for transaction fees, staking, and to power the many dApps built on the network.
Brief history of Solana. Legal issues and challenges. SOL price
Brief history of Solana. Legal issues and challenges. SOL price
Solana was founded in 2017 by Anatoly Yakovenko, a former Qualcomm engineer, and his team. With strong experience in designing efficient distributed systems, Yakovenko developed the Proof of History (PoH) concept, the innovative technology that underpins the Solana network. The project officially launched its mainnet in 2020 and has since grown rapidly, becoming one of the industry’s most popular blockchains.
Key moments in Solana’s development
Solana launch (March 2020) Solana began its public journey on March 16, 2020, with the production of its first block. From the start, the platform was designed to support smart contracts and decentralized applications.Major funding (June 2021) and a spectacular SOL price rally A crucial moment was a $314 million SOL token sale to renowned funds, including Andreessen Horowitz and Polychain Capital. This helped accelerate development and attract users. In November 2021, SOL traded around $258, marking its then all-time high.Legal, security issues and adoption initiatives (2022–2023)- In 2022, Solana Labs faced a class-action lawsuit alleging unregistered securities sales and misleading information. The U.S. Securities and Exchange Commission (SEC) also referenced Solana in a case against Coinbase, arguing that several cryptocurrencies, including SOL, should be classified as securities—raising regulatory scrutiny and transparency questions.
- Wallet hacking (August 2022): Roughly $8 million was stolen from 9,231 Solana wallets due to Slope Finance software. The incident highlighted cybersecurity’s importance. SOL price in Nov 2022: $9.50.
- SEC actions against Solana (June 2023): The SEC stated SOL and other crypto assets should be treated as securities. The Solana Foundation disputed the claims, triggering legal debate.
- November 2024 peak: SOL climbed to ~$237.
- December 2024: It stabilized around ~$189, closing the year on a positive note.
Solana’s challenges
Frequent outages Solana experienced several network halts due to transaction overload:- September 2021: A 17-hour outage.
- In 2022, additional bugs caused more halts, affecting reputation.
Why Solana is unique
Why Solana is unique
Proof of History (PoH)
Solana’s standout innovation is Proof of History (PoH). While many blockchains rely on PoW or PoS, PoH adds a cryptographic “clock” that orders events and transactions automatically, cutting validation time. Result: Solana can process up to 65,000 transactions per second (TPS), far faster than most chains.Advantages of PoH:- Faster transaction finality
- Higher overall network efficiency
- Ability to handle heavy data flow without delays
Scalability and speed
Unlike older chains such as Bitcoin or Ethereum, Solana is designed to scale without sacrificing speed.- Fast transactions: With 65,000+ TPS, Solana is orders of magnitude faster than Bitcoin (~7 TPS) or Ethereum (~30 TPS).
- Very low fees: Transactions typically cost under $0.01.
Factors influencing the price of Solana (SOL)
Factors influencing the price of Solana (SOL)
SOL’s price is shaped by many internal and external factors affecting both the asset and the broader ecosystem.
Internal factors
Supply and demand Like any asset, price depends on supply–demand balance. With a capped supply, rising demand—from investors or network adoption—tends to lift price. Example: Launches of popular dApps can attract users and increase SOL demand.Network performance & technology High speed, low fees, and scalability make Solana attractive. Tech improvements (e.g., Token Extensions) boost confidence and price; stability issues can do the opposite.Ecosystem growth A vibrant ecosystem—more dApps, DeFi, NFTs—and strategic partnerships typically increase SOL demand.Staking More SOL staked = less liquid supply on exchanges, easing sell pressure and supporting price.Network fees & volume High on-chain activity (fees, volume) signals strong usage and demand; falling metrics may signal weakening sentiment. Tip: monitor Solscan for clues.Governance Community decisions on upgrades or funding allocations can shape long-term perception and demand.External factors
Crypto market sentiment Broader market trends matter; Bitcoin/Ethereum rallies often lift altcoins like SOL.Macroeconomic conditions Rates, inflation, geopolitics: lower rates often push investors toward risk assets like crypto.Regulation Friendly rules can attract capital; restrictive measures can dampen interest.News & events Major partnerships or product launches can spark rallies; outages or security incidents can cause sharp drops.Institutional adoption Bank/financial-sector interest (e.g., a potential Solana ETF) could add significant capital and stability.Liquidity & volumes Deep liquidity stabilizes price; high trading volumes reflect healthy market interest.
What are the main functions of the Solana blockchain?
What are the main functions of the Solana blockchain?
Solana stands out as a high-performance blockchain with several core functions:
Superior transaction throughput
Thanks to its innovative architecture, Solana can theoretically process 65,000+ TPS. PoH orders events to reduce validation time—ideal for high-speed use cases like DEXs.Extremely low transaction fees
Transactions are not only fast but also very cheap—often just cents—making frequent use practical for both individuals and businesses.Optimal scalability
Built to grow while maintaining performance, Solana avoids the scaling bottlenecks many networks face.Smart-contract support
Developers can build smart contracts (e.g., in Rust), enabling a wide range of dApps from games to DeFi.Growing DeFi ecosystem
Solana powers diverse DeFi apps, including:- Decentralized exchanges (DEXs)
- Lending and staking
- Other smart-contract-based financial apps
Advanced NFT support
Speed + low fees made Solana a favorite for minting and trading NFTs; creators and collectors benefit from a smooth experience.Staking rewards
SOL holders can secure the network via staking and earn rewards.Interoperability
Solana develops cross-chain solutions and provides rich tooling to simplify app building and connectivity.
Why Solana is a potential investment. Solana’s value
Why Solana is a potential investment. Solana’s value
Crypto offers vast opportunities—and risks. If you’re optimizing a portfolio, Solana (SOL) may be compelling. Here’s why:
A fast-growing ecosystem can drive value
Solana has built one of the most dynamic ecosystems—from innovative DeFi to NFTs and strategic corporate collaborations like Visa. Usage growth can boost demand for SOL and, potentially, price. Examples:- DeFi: Mango Markets, Raydium bring liquidity and advanced trading.
- NFTs: Magic Eden enables fast, affordable trading.
Low fees attract users
Ultra-low fees support high activity at minimal cost, drawing users and projects—often a challenge on fee-heavy alternatives like Ethereum.- More users → higher SOL demand.
- More activity → more projects → stronger network effects.
Innovative tech and an active team
Continuous innovation from Solana Labs reduces tech-obsolescence risk.- Saga phone: Bringing blockchain to mainstream mobile.
- Network upgrades: Tackling congestion and improving performance.
Stake SOL for passive income
Beyond price appreciation, staking provides periodic rewards while supporting the network—appealing for long-term holders.Conclusion
Whether you’re experienced or new to crypto, Solana could fit an optimized portfolio. As always, do your own research and weigh risks.Want more investor guides?
How can I buy Solana
How can I buy Solana
Thinking of investing in Solana? Thanks to Abarai, buying is simple—with anonymity, full control of funds, and Romanian phone support.
What is Abarai and why choose it
Abarai is built to make crypto purchases and sales easy and accessible. While SOL is available elsewhere, Abarai stands out with:- EU VASP authorization
- ONPCSB registration (Romania’s AML office)
- Global coverage—180+ countries, incl. 48 U.S. states
- U.S. FinCEN licensing
- Romanian-language phone support
Step-by-step guide to buying SOL
- Go to the Abarai website: https://www.abarai.ro/ and choose “Buy”.
- Enter the desired amount (in RON, EUR, etc.) or the SOL amount you want.
- Provide your own Solana wallet address. Abarai does not custody funds—you keep full control.
- Complete payment. Supported methods:
- Credit/debit cards (incl. Apple Pay, Google Pay)
- Revolut Pay
- Bank transfers (SWIFT, SEPA, etc.)
- Receive SOL almost instantly in your wallet.
Benefits of using Abarai for SOL
- Secure transactions: coins go straight to your wallet—Abarai can’t hold or freeze your funds.
- Anonymity: For purchases under 5,000 RON, no heavy KYC—just billing details and a valid email.
- Low, transparent fees: clearly shown before checkout; no hidden FX or withdrawal charges.
- Local Romanian support: friendly experts available by phone.
- Safety, transparency, and full control: non-custodial by design reduces hacking and account-freeze risks.