token (SOL)

A SOL token is the digital currency used on the Solana blockchain, a platform for building decentralized applications and transferring value. Think of SOL as the fuel that powers the network; it’s needed to pay for transaction fees and interact with the ecosystem. Users can also hold SOL as an investment, similar to stocks, hoping its value will increase over time. The token helps secure the network through a process called staking, where users lock their SOL to support network operations. Overall, SOL combines a means of exchange, a store of value, and a tool for network participation.