Solana Price (sol/CAD)
Solana market data
What Is Solana (SOL)?
Solana is a high-performance Layer 1 blockchain designed for mass adoption by providing a fast, secure, and low-cost environment for decentralized applications. It distinguishes itself by scaling globally without the use of complex sharding or multiple layers, instead maintaining a single, unified ledger to avoid liquidity fragmentation. This architecture allows it to process thousands of transactions per second with sub-second finality, often at a cost of less than a penny per transaction.
The network operates on a unique hybrid model that combines Proof of Stake with an innovation called Proof of History, which functions as a decentralized clock to timestamp transactions. This system reduces the need for constant node communication, allowing the Sealevel engine to run non-conflicting smart contracts in parallel across multiple CPU cores. Further efficiency is gained through the Gulf Stream protocol, which reduces confirmation times by forwarding transactions to validators before the current block is finished.
Founded in 2017 by Anatoly Yakovenko, Solana is now supported by the Switzerland-based Solana Foundation and significant institutional investors like Andreessen Horowitz and Polychain Capital. The platform’s native token, SOL, serves as the primary currency for paying transaction fees, participating in network governance, and securing the system through staking.
Solana has also seen significant institutional adoption ranging from spot Solana ETFs to major partnerships including Visa's 2025 launch of USDC settlement on the network and the tokenization of public equity by firms like Galaxy Digital.
Yes, Solana (SOL) is available to trade on Ndax. To view a list of all the coins available for trading on Ndax, visit our Markets Page.
The current price of Solana (SOL) in Canadian Dollars (CAD) is $201.59. Check the latest exchange rates on our Solana (SOL) Markets Page.Â
Solana (SOL) reached its all-time high at $424.76, marking the highest valuation of SOL since its inception.
The market capitalization of Solana (SOL) stands at $0.00.
In the last 24 hours, the trading volume for Solana (SOL) was .
The current circulating supply of Solana (SOL) is 565,321,905.8275409.
The fastest way to buy Solana (SOL) in Canada:
- Register for an account on Ndax.Â
- Complete the identity verification process.
- Deposit Canadian dollars.
For a detailed guide on purchasing Solana, visit our step-by-step guides.
The best app to buy Solana (SOL) in Canada:Â
- Download the Ndax app.
- Register and verify your account.
- Follow the instructions to deposit CAD and buy SOL directly from your mobile device.
The safest way to purchase Solana (SOL) in Canada is through a reputable cryptocurrency trading platform like Ndax. Ndax adheres to stringent security standards, including the use of cold storage for the majority of digital assets and MPC-protected hot wallets. For more details on our security protocols, visit Ndax Security.
You can configure automatic Solana (SOL) purchases on Ndax by setting up a recurring buy schedule through our web platform or mobile app. Learn more at Ndax Auto Invest.
Ndax offers various trading options for Solana (SOL), such as limit orders, stop orders, trailing stop orders, and fill or kill orders. For a complete list of order types, visit Ndax Advanced Order Types.
You can stake Solana (SOL) in Canada on Ndax. Earn a % APY by staking Solana. To learn more about how to get started and the benefits of staking, visit Ndax Staking.