Solana Price Today | SOL Price Chart & Market Cap

While both Solana and Ethereum support smart contracts and dApps, Solana emphasizes speed and affordability. Ethereum, especially before its scaling upgrades, can suffer from high gas fees and slower throughput. Solana uses a unique consensus combination of Proof of History (PoH) and Proof of Stake (PoS) to achieve high-speed processing at low cost. However, Ethereum has a longer track record and larger developer base, while Solana prioritizes high-performance use cases like gaming and social apps.