SOL is the native currency of Solana, a public, open-source blockchain that supports smart contracts.
Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and decentralized applications (dApps). SOL is the native currency on Solana and provides network security through staking as well as a means of transferring value.
Star Atlas marketplace and NFTs run on the Solana blockchain. Solana requires an exchange of SOL with every transaction. This means that every time you buy, sell or exchange tokens from your Solana wallet you will incur SOL fees.
As of January 13, 2022, Solana can process an industry-leading 65,000 transactions per second (TPS), though at times it can run significantly slower. Its fees are minuscule —averaging just $0.00025 USD per transaction.