Convert and Swap Solana SOL to Malaysian Ringgit MYR
SOL/MYR: 1 Solana equals MYR 829.52 MYR
Last update: 3:35 AM, December 23, 2024
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Solana is falling this week.
The current price of Solana is MYR 829.52 per SOL. With a circulating supply of 479,343,585.408 SOL, it means that Solana has a total market cap of MYR 396,831,741,361.74. The amount of Solana traded has fallen by MYR 4,503,777,180.58 in the last 24 hours, which is a 24.16% decrease. Additionally, in the last day, MYR 18,638,541,490.23 worth of SOL has been traded.
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About Solana
Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization.
Solana (SOL) is an open-source project that leverages the decentralized nature of blockchain technology to provide solutions for decentralized finance (DeFi). Launched in March 2020 by the Solana Foundation, based in Geneva, Switzerland, Solana aims to facilitate the creation of decentralized applications (DApps). The Solana protocol is designed to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. This innovative hybrid consensus model has garnered interest from a diverse range of traders. A key focus for the Solana Foundation is to make decentralized finance more accessible on a larger scale.
Solana operates using a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. The proof-of-history is the main component of the Solana protocol, responsible for the majority of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain. The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, validating each sequence of blocks produced by it. This combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry. Solana's protocol is designed to serve both small-time users and enterprise customers alike, promising low transaction costs while still guaranteeing scalability and fast processing.
Solana's potential use cases span across various sectors, with a significant focus on decentralized finance (DeFi). By facilitating the creation of decentralized applications (DApps), Solana aims to make DeFi more accessible on a larger scale. Its hybrid consensus model allows for decreased validation times for both transaction and smart contract execution, making it attractive for institutional interest. Furthermore, Solana's protocol is designed to have low transaction costs while still ensuring scalability and fast processing, making it suitable for both small-time users and enterprise customers.
The idea and initial work on Solana began in 2017, but it was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. The key person behind Solana is Anatoly Yakovenko, whose professional career started at Qualcomm. In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020. One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
How Solana and Malaysian Ringgit differ
Solana (SOL) and the Malaysian Ringgit (MYR) are two distinct forms of currency, each with their unique characteristics. Solana is a digital asset that operates on a decentralized, open-source blockchain platform, striving to enhance the world of decentralized finance (DeFi) and facilitate the creation of decentralized applications (DApps). It employs a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms, aiming to offer low transaction costs, scalability, and fast processing. On the other hand, the Malaysian Ringgit is a traditional, physical currency issued and regulated by the Central Bank of Malaysia. It operates within a centralized financial system and is used for all types of transactions within Malaysia. Unlike Solana, the value of the Ringgit is influenced by economic factors such as inflation, interest rates, and the country's political stability. While Solana seeks to make DeFi more accessible on a larger scale, the Malaysian Ringgit serves as a medium of exchange, store of value, and unit of account within the Malaysian economy.
Frequently asked questions
How much is 1 Solana in MYR?
Right now, 1 Solana is worth about MYR 829.52.
How much SOL could I buy for 1 MYR?
Based on the current rate, you could get 0.0012 SOL for 1 MYR.
How much has the price of Solana changed?
Solana price has been on the rise. Since yesterday, the exchange rate of Solana has increased. Since last month, the exchange rate of Solana has decreased. Since this time last year, the price of Solana has increased.
How do I calculate or convert SOL to MYR?
You can use our SOL to MYR calculator at the top of this page to convert any amount of SOL to MYR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MYR is equivalent to 0.006 SOL. Inversely, 5 SOL will cost about MYR 4,147.58
How can I buy 1 Solana on Coinbase?
Solana is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Solana.
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SOL to Malaysian Ringgit conversion tables
The exchange rate of Solana is decreasing.
The current value of 1 SOL is MYR 829.52 MYR. In other words, to buy 5 Solana, it would cost you MYR 4,147.58 MYR. Inversely, MYR 1.00 MYR would allow you to trade for 0.0012 SOL while MYR 50.00 MYR would convert to 0.0603 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 19.04%. Meanwhile, in the last 24 hours, the rate has changed by 1.07%, and that the the highest exchange rate of 1 SOL to Malaysian Ringgit was MYR 846.30 MYR and the lowest 24 hour value was 1 SOL for MYR 793.95 MYR. This time last month, the value of 1 SOL was MYR 1,180.82 MYR, which is a 32.6% increase from where it is now. Looking back a year, Solana has changed by MYR 502.62 MYR.
SOL to MYR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MYR 815.76 MYR | -1.07% | MYR 988.23 MYR | -19.04% | MYR 1,180.82 MYR | -32.60% | MYR 502.62 MYR | 67.04% |
SOL to MYR
Amount | Today at 3:35 am |
|---|---|
0.5 SOL | MYR 414.76 |
1 SOL | MYR 829.52 |
5 SOL | MYR 4,147.58 |
10 SOL | MYR 8,295.16 |
50 SOL | MYR 41,475.82 |
100 SOL | MYR 82,951.64 |
500 SOL | MYR 414,758.18 |
1,000 SOL | MYR 829,516.36 |
MYR to SOL
Amount | Today at 3:35 am |
|---|---|
0.5 MYR | 0.000603 SOL |
1 MYR | 0.0012 SOL |
5 MYR | 0.0060 SOL |
10 MYR | 0.0121 SOL |
50 MYR | 0.0603 SOL |
100 MYR | 0.12 SOL |
500 MYR | 0.60 SOL |
1,000 MYR | 1.21 SOL |
Today vs. 24 hours ago
Amount | Today at 3:35 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | MYR 414.76 | MYR 406.83 | +1.95% |
1 SOL | MYR 829.52 | MYR 813.67 | +1.95% |
5 SOL | MYR 4,147.58 | MYR 4,068.33 | +1.95% |
10 SOL | MYR 8,295.16 | MYR 8,136.66 | +1.95% |
50 SOL | MYR 41,475.82 | MYR 40,683.29 | +1.95% |
100 SOL | MYR 82,951.64 | MYR 81,366.57 | +1.95% |
500 SOL | MYR 414,758.18 | MYR 406,832.86 | +1.95% |
1,000 SOL | MYR 829,516.36 | MYR 813,665.73 | +1.95% |
Today vs. 1 month ago
Amount | Today at 3:35 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | MYR 414.76 | MYR 594.28 | -30.21% |
1 SOL | MYR 829.52 | MYR 1,188.55 | -30.21% |
5 SOL | MYR 4,147.58 | MYR 5,942.75 | -30.21% |
10 SOL | MYR 8,295.16 | MYR 11,885.50 | -30.21% |
50 SOL | MYR 41,475.82 | MYR 59,427.50 | -30.21% |
100 SOL | MYR 82,951.64 | MYR 118,855.00 | -30.21% |
500 SOL | MYR 414,758.18 | MYR 594,275.01 | -30.21% |
1,000 SOL | MYR 829,516.36 | MYR 1,188,550.02 | -30.21% |
Today vs. 1 year ago
Amount | Today at 3:35 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | MYR 414.76 | MYR 242.73 | +70.87% |
1 SOL | MYR 829.52 | MYR 485.46 | +70.87% |
5 SOL | MYR 4,147.58 | MYR 2,427.28 | +70.87% |
10 SOL | MYR 8,295.16 | MYR 4,854.56 | +70.87% |
50 SOL | MYR 41,475.82 | MYR 24,272.82 | +70.87% |
100 SOL | MYR 82,951.64 | MYR 48,545.65 | +70.87% |
500 SOL | MYR 414,758.18 | MYR 242,728.25 | +70.87% |
1,000 SOL | MYR 829,516.36 | MYR 485,456.49 | +70.87% |
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