Launched just 5.5 years ago, Solana (CRYPTO: SOL) has rapidly become the sixth-largest cryptocurrency, boasting a market cap exceeding $96 billion as of July 30. Its innovative proof-of-stake (PoS) mechanism, a response to the energy demands of Bitcoin’s proof-of-work (PoW) system, has garnered significant investor interest due to its potential for scalability and efficiency.
