Name : Solana (SOL)
SOL Price : $181.324 -3.2%
Consensus Mechanism : Proof of Stake and Proof of History
Volume: 5,218,081,558
Market Cap: 97,971,517,082
Shariah Judgement
Solana focuses on scalable blockchain that can solve problems found from existing crypto assets such as Bitcoin. Solana allows faster processing times using proof of history method. The overview of this asset is similar to Bitcoin, Litecoin, and Ethereum. Solana's status is neutral and permissible to own and trade.
Shariah Status : Yes
Last Screening: Q3 2025
Legitimacy:
Project:
Token:
Reward:
Yes
Shariah
Legitimacy
People
Shariah Analysis
Project/Products | Use Case | Status |
---|---|---|
Solana Network | A fast and low-cost blockchain platform enabling global digital transactions and applications. | Passed |
Smart Contracts | Programs on Solana that automate transfers and complex applications with no downtime. | Passed |
Solana Playground (Solpg) | A browser-based development environment to build, deploy, and test Solana programs. | Passed |
RPC Infrastructure | A communication protocol that connects external applications with the Solana blockchain. | Passed |
Additional Information :
Use Case | Status |
---|---|
Transaction Fees: Used to pay for transactions on the Solana network. | Passed |
Network Security: Required for participating in network validation and consensus. | Passed |
System | Status | Interpretation |
---|---|---|
Staking Rewards | Passed | Stakers earn rewards by delegating SOL to validators who validate the ledger and send votes for consensus. |
Legitimacy Analysis
Details | Status | |
---|---|---|
Whitepaper | The whitepaper/documentation/website offers detailed information about its projects, while its documentations provide crucial insights, emphasizing their significance. | Passed |
Project | The projects have been audited with an acceptable rate of success, demonstrating adherence to quality standards. Additionally, the project team maintains regular updates on its social media platforms, keeping stakeholders informed about the progress of the projects. | Passed |
Additional Information : Solana is currently listed as digital assets up for trading on Recognized Market Operators approved by the Securities Commission of Malaysia to operate a Digital Asset Exchange.
People Analysis
Details | Status | |
---|---|---|
Team | The team has a qualified background in terms of academics and industry experience. | Passed |
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Source: CoinDesk
1 day ago
Source: CoinMarketCap
1 day ago
Source: crypto.news
1 day ago
Source: CoinLive.me
1 day ago
Source: CoinLineup
1 day ago
Overview
Solana is a high-performance blockchain platform designed to host decentralized and scalable applications while enabling fast, secure, and affordable digital transactions. It operates as a global network of computers that process transactions in less than a second, maintain extremely low costs at fractions of a penny, and support a wide range of applications from payments and gaming to digital art and financial services. The speed of Solana transactions allows real-time experiences such as instant money transfers across borders or asset trading without delays. Its smart contracts execute automatically and predictably, functioning like digital vending machines to power simple transfers and complex decentralized applications 24/7 without downtime or interference. Solana also provides development tools such as Solana Playground (Solpg), a browser-based environment for building, deploying, and testing programs, while its RPC infrastructure ensures smooth communication between applications and the Solana cluster, maintaining the network's low-latency and high-speed performance. Collectively, these features make Solana a fast, reliable, and cost-effective blockchain ecosystem for both developers and users.
Whitepaper & Documents
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COMMENTS
3 Comments
Torii
1 year agoA very good screening report.
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Torii
May Allah bless the team.
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Shoaib Salmani
1 year agoHello sair
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Shoaib Salmani
1 year agoBius
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