Glossary Term
SOL
The native cryptocurrency of the Solana blockchain, used for transactions and staking.
Beginner
Solana
Crypto Terminology
SOL: what is it?
Examples
- 1
Paying transaction fees on the Solana network
- 2
Staking to validators to earn yield
- 3
Used as collateral in DeFi protocols
Common Use Cases
Securing the Solana network through staking
Governance participation in Solana's ecosystem
Trading and investment
Payment for NFTs and other digital assets on Solana
Pro Tips
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Store SOL in a non-custodial wallet for maximum security
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Consider staking your SOL to earn passive income
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Keep some unstaked SOL for transaction fees