Market Cap: $3.0282T 0.110%
Volume(24h): $164.3387B -11.710%
Fear & Greed Index:

84 - Extreme Greed

Market Cap: $3.0282T 3.08%
Volume(24h): $164.3387B 3.08%
  • Market Cap: $3.0282T 0.110%
  • Volume(24h): $164.3387B -11.710%
  • Fear & Greed Index:
  • Market Cap: $3.0282T 0.110%

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What is the issuance and circulation of SOL coins?

Solana Lab's team holds approximately 1.2% of the 500,000,000 SOL coin supply, allocated to ecosystem development and incentives.

Oct 11, 2024 at 10:53 am

1. Issuance of SOL Coins

Solana (SOL) coins are issued by the Solana Foundation, a Swiss-based non-profit organization dedicated to the development and maintenance of the Solana blockchain. The total supply of SOL coins is capped at 500,000,000.

Initial Coin Offering (ICO)

  • Held in April 2019
  • Raised approximately $25.8 million
  • 489,000,000 SOL coins sold (97.8% of the total supply)

Seed and Private Sale

  • Held before the ICO in 2018-2019
  • Raised an additional $21 million
  • Approximately 11,000,000 SOL coins sold (2.2% of the total supply)

Remaining Coins

  • 2.2% reserved for the Solana Foundation for ecosystem development
  • 1.2% reserved for the Solana Labs team
  • 1.2% allocated to advisors

2. Circulation of SOL Coins

As of November 2023, approximately 362,561,268 SOL coins (72.5%) are in circulation.

Distribution of Circulating Supply

  • Exchanges: 44.3%
  • Staking rewards: 38.9%
  • Solana Foundation: 6.0%
  • Solana Labs: 5.3%
  • Advisors: 2.2%
  • Other: 3.3%

Average Daily Trading Volume

The average daily trading volume of SOL coins has fluctuated significantly over the past year, ranging from a high of approximately $3 billion in November 2021 to a low of approximately $1 billion in June 2022.

Current Market Price

As of November 2023, the price of SOL is approximately $32.25, with a market capitalization of approximately $11.7 billion.

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