Solana is basically a competitor to Ethereum. It’s a blockchain network with its own digital currency called Sol.
Only as old as the pandemic — Solana was founded in March 2020 — the crypto has skyrocketed more than 10,000% over the past year, according to data from CoinGecko.
That’s right: The crypto went from being worth a modest $2 per unit to a value over $200, bringing its market cap to more than $70 billion and outpacing fellow cryptos Cardano and XRP, which have also spent time in the top five.