Solana (SOL) Token Analytics | Binance (BNB) Smart Chain Mainnet | Bitquery (2024)

FAQs

Why is the SOL network suspended? ›

Binance is temporarily suspending withdrawals on the *SOL* network, effective since March 4, 2024. The interruption is attributed to the heightened transaction volume experienced on the network, prompting Binance to take necessary measures.

Some crypto experts believe that the price of Solana coin can reach $5000 by 2030. And the current price of Solana coin in 2021 is $189.38.

There is no maximum supply of SOL.

The market as a whole slowed down, and in January there was a decline that brought Solana down to about $89.60. Long-term projections indicate that the solana coin will appreciate in value. In 2025, the price of SOL is projected to rise to $2,300, and by 2030, it is expected to have increased to $4,200.

Current Solana status is UP.

The Solana price prediction for 2030 is between $ 291.51 on the lower end and $ 491.48 on the high end. Based on our SOL price prediction chart, the price of Solana could gain 235.70% and reach $ 491.48 if it reaches the upper price target.

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

A Solana wallet address is like your email address; you give it to anyone who wants to send you some Solana!

How do I access my Sol wallet? ›

SOL has a circulating supply of 447.44M coins and a max supply of 575.39M SOL.

As of August 2022, the circulating supply of SOL is 348,812,954, and its maximum supply is 511,616,946.

Major congestion issues are plaguing the Solana network, leading to 70% of transactions failing. In response, developers are stepping in. Solana developers announce measures to address network congestion. 70% of Solana transactions fail due to network congestion issues.

The decision, effective from March 4, 2024, comes in the wake of an unprecedented surge in transaction volumes on the network, prompting the exchange to take immediate action to ensure the stability and reliability of its services.

Withdrawals on Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization, and is working to provide a stable and long-term solution.

It's used to pay transaction fees and for staking. SOL is available to buy and sell via exchanges like Coinbase.