Securities Commission Malaysia

Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status

Solana logo

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:

Shariah Status:

Yes

Risk Analysis

Shariah

Legitimacy

People

In-Depth Analysis

1

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.
2

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.

3

People Analysis

Details Status
Team The team has a qualified background in terms of academics and industry experience. Passed

Trading Signals

Moving Average (Short Term)

Strong

Moving Average (Mid Term)

Strong

Moving Average (Long Term)

Strong

Exponential Moving Average (Short Term)

Strong

Exponential Moving Average (Mid Term)

Strong

Exponential Moving Average (Long Term)

Strong

Bollinger Band

Strong

Williams %R

Neutral

Relative Vigor Index

Strong

Money Flow Index

Neutral

Chaikin Oscillator

Weak

Aroon

Strong

Klinger Oscillator

Weak

Chande Kroll Stop

Weak

Moving Average Convergence/ Divergence

Weak

Relative Strength Index

Strong

Stochastic

Weak

Parabolic SAR

Weak

Average Directional Index

Strong

Ichimoku Cloud

Neutral

Average True Range

Strong

Commodity Channel Index

Neutral

On-Balance Volume

Strong

Volume Weighted Average Price

Neutral

Keltner Channel

Neutral

Dochian Channel

Neutral

Choppiness Index

Neutral

Ergodic Oscillator

Strong

Ease of Movement

Strong

Ultimate Oscillator

Neutral

Elder Force Index

Strong

Connors RSI

Neutral

Rate of Change

Strong

Chande Momentum Oscillator

Neutral

Triple Exponential Average

Strong

Know Sure Thing

Strong

Detrended Price Oscillator

Strong

Moving Average Envelope

Neutral

Coppock Curve

Strong

Vortex Indicator

Strong

Schaff Trend Cycle

Strong

Elder Impulse System

Neutral

Pivot Points

Support 2


172.2
Support 1


179.89
Pivot Point


183.79
Resistance 1


191.48
Resistance 2


195.38

Support & Resistances

Support 1


158.48
Last Price


187.59
Resistance 1


201.59

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

Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic data.

COMMENTS

3 Comments

Torii

1 year ago

A very good screening report.

1

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Torii

1 year ago

May Allah bless the team.

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Shoaib Salmani

1 year ago

Hello sair

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Shoaib Salmani

1 year ago

Bius

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