Solana
SOL#7SOL is the native coin of Solana, a fast blockchain for payments, trading and apps.
- Market cap
- $70.2B
- Volume 24h
- $4.75B
- All-time high
- —
- Circulating supply
- 588.15M
Passes our 8 Shariah criteria. Needs caution: usage and benefit and harm (maslahah).
- 6 pass
- 2 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Strong
Strong fundamentals: several independent client teams, a growing institutional base and record network usage, tempered by uncapped supply with about 3.64% inflation, concentrated stake and a heavy share of speculative trading.
Reviewed every 3 months and on major eventsNews: Positive
Solana delivered a run of protocol upgrades, from faster slots and larger transactions to Alpenglow testing, and stakers narrowly voted to speed up disinflation.
Reviewed monthly and when something material happens- PositiveAlpenglow consensus upgrade, targeting about 150 ms settlement, reaches a second public test networkAlpenglow is now active on devnet and testnet but has no mainnet date yet; it would replace TowerBFT and cut finality from about 12.8 seconds.
- PositiveTransaction V1 activates on mainnet, raising the maximum transaction size from 1,232 to 4,096 bytesLarger transactions allow more complex applications in a single transaction; several consensus-level changes landing close together also add execution risk.
- PositiveSGP-0002 passes with 67% support, doubling SOL disinflation from 15% to 30% a yearInflation now reaches the 1.5% floor around 2029 instead of 2032, reducing new SOL issuance; the narrow margin showed a split among stakers.
- PositiveMainnet target slot time cut to 300 ms, after a first step to 350 ms on 19 AugustSIMD-0525 makes blocks faster, improving confirmation times for users; the 250 ms and 200 ms steps are still only on test networks.
Price & market
Solana trades inside its current zone of $116–119, near the top of its 30-day range after a 13.8% rise over the month. The uptrend, several independent client teams, growing institutional access and record network use support the long-term view. At this price the upside to $122 (+4.1%) is far smaller than the downside to $98.7 (−15.8%), a ratio of 0.3, so the near-term picture calls for caution over the next 2–12 weeks. A busy run of upgrades and a heavy share of speculative activity add risk. The $105–109 interest zone would give a much better balance.
- Review level
- $98.70
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
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