How much does 1 SOL cost today?

As of right now, 1 SOL costs $70.69 USD. The price is updated live from CoinGecko and changes throughout the day based on global trading activity.

How do I buy Solana in Canada?

Canadians can buy Solana on regulated Canadian exchanges such as Bitbuy, Newton, NDAX, Wealthsimple Crypto, and Shakepay. Solana is also available on major international exchanges (Coinbase, Kraken, Binance) and as spot ETFs in some cases. Always confirm the platform is registered with the Canadian Securities Administrators (CSA) before depositing funds.

How is Solana taxed in Canada?

In Canada, the CRA treats cryptocurrency as a commodity rather than a currency. Selling, trading, or spending Solana triggers a capital gain or loss — 50% of which is taxable as income at your marginal rate. If you trade Solana frequently or as a business, the CRA may treat profits as 100% taxable business income. Keep detailed records of every transaction, including date, amount, fair market value in CAD, and counterparty.

Is Solana a good investment?

This page does not provide investment advice. Solana is a volatile asset — historical price swings have included gains and losses of more than 50% within single calendar years. Before investing, understand your time horizon, risk tolerance, and only invest what you can afford to lose. Consider using our DCA Simulator to test how dollar-cost-averaging into Solana would have performed historically.

Yes. Solana uses a Proof of Stake + Proof of History consensus mechanism, which means holders can stake their tokens to help secure the network and earn rewards. Most major Canadian and international exchanges offer one-click staking for Solana. You can estimate potential staking returns using our Crypto Staking Calculator.

Solana Price (SOL)

Rank #7 by market cap

            $70.69
        

24H Change -5.49%

7D Change -14.36%

Market Cap $40.89B

24H Volume $3.94B

24H High $75.52

24H Low $70.57

USD CAD EUR

Price Chart

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About Solana

A high-throughput smart-contract platform built for speed and low fees.

Solana is a layer-1 blockchain launched in 2020 by Anatoly Yakovenko. It is designed for high throughput — Solana can process thousands of transactions per second with sub-second finality and transaction fees typically below one cent. Solana uses a unique combination of proof-of-stake and "proof of history" to order transactions efficiently. The network has experienced occasional outages but has improved significantly in stability since 2023.

Solana hosts a large ecosystem of DeFi protocols, NFT marketplaces, and consumer-facing applications. Its low fees make it popular for high-frequency trading, in-game economies, and consumer payments. Major exchanges, wallets, and platforms support SOL natively. Solana spot ETFs are available in Canada and were filed for approval in the US in 2024.

Key facts

Category	Smart Contract Platform
Launched	2020
Consensus	Proof of Stake + Proof of History
Supply	Uncapped, inflationary at ~5% annually, decreasing over time to a 1.5% floor.
Founder	Anatoly Yakovenko, Raj Gokal
Official site	https://solana.com
Whitepaper	Read the whitepaper