Networks / Solana / SOL
Solana
A layer-one network for payments, trading and consumer applications.
THE OVERVIEW
What Solana does
Solana organizes blockchain applications around accounts and programs. Accounts hold balances and data; programs contain the logic that acts on them. A user submits instructions to programs, and a transaction packages those instructions into an atomic operation. [1]
Transactions pay fees in SOL. A base fee covers signature verification, while an optional priority fee affects scheduling against competing transactions. This separates the asset being transferred from the SOL required to execute the operation. [2]
IN PRACTICE
What people use it for
Move digital assets
Applications work with fungible and non-fungible assets through Solana token programs. [1]
Compose application actions
Bundle several instructions into a transaction, with programs able to call other programs. [1]
Test before deploying
Devnet supports developer experimentation; Mainnet serves production activity. [1]
UNDERSTAND THE TECHNOLOGY
Key concepts
Accounts
Balances and mutable application data live in accounts addressed by public keys. [1]
Programs and instructions
Programs are Solana smart contracts; an instruction specifies the program, accounts and requested action. [1]
Transaction fees
SOL covers a base fee and, when selected, a priority fee. The fee is separate from the transferred asset. [2]
MARKET CONTEXT
SOL market
$119.37-2.05% 24hPrice history, market data and signal →FOLLOW THE STORY
Solana news & coverage
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Official resources & sources
Dextape explanations based on the primary documentation below.