Convert and Swap Solana SOL to United Arab Emirates Dirham AED
SOL/AED: 1 Solana equals AED 673.57 AED
Last update: 1:18 PM, December 23, 2024
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Solana is falling this week.
The current price of Solana is AED 673.57 per SOL. With a circulating supply of 479,341,018.906 SOL, it means that Solana has a total market cap of AED 322,355,480,072.11. The amount of Solana traded has fallen by AED 2,002,111,413.04 in the last 24 hours, which is a 12.54% decrease. Additionally, in the last day, AED 15,971,117,878.67 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 United Arab Emirates Dirham differ
Solana (SOL) and the United Arab Emirates Dirham (AED) are two distinct forms of currency, each with their unique characteristics. Solana is a digital asset that operates on blockchain technology, aiming to facilitate the creation of decentralized applications (DApps) and make decentralized finance more accessible on a larger scale. It uses a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms to ensure trustless, scalable, and fast transaction processing. On the other hand, the AED is the official currency of the United Arab Emirates, a traditional form of money regulated by the UAE Central Bank. Unlike Solana, the AED is a physical currency used for everyday transactions within the UAE and is subject to the monetary policies of the UAE government. While Solana seeks to decrease validation times for both transaction and smart contract execution, the AED operates within a conventional banking system with standard transaction processing times.
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SOL to United Arab Emirates Dirham conversion tables
The exchange rate of Solana is decreasing.
The current value of 1 SOL is AED 673.57 AED. In other words, to buy 5 Solana, it would cost you AED 3,367.84 AED. Inversely, AED 1.00 AED would allow you to trade for 0.0015 SOL while AED 50.00 AED would convert to 0.0742 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.71%. Meanwhile, in the last 24 hours, the rate has changed by 1.38%, and that the the highest exchange rate of 1 SOL to United Arab Emirates Dirham was AED 688.71 AED and the lowest 24 hour value was 1 SOL for AED 647.84 AED. This time last month, the value of 1 SOL was AED 969.61 AED, which is a 30.55% increase from where it is now. Looking back a year, Solana has changed by AED 396.49 AED.
SOL to AED performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
AED 681.65 AED | -1.38% | AED 792.84 AED | -14.71% | AED 969.61 AED | -30.55% | AED 396.49 AED | 67.04% |
SOL to AED
Amount | Today at 1:18 pm |
|---|---|
0.5 SOL | AED 336.78 |
1 SOL | AED 673.57 |
5 SOL | AED 3,367.84 |
10 SOL | AED 6,735.69 |
50 SOL | AED 33,678.44 |
100 SOL | AED 67,356.88 |
500 SOL | AED 336,784.41 |
1,000 SOL | AED 673,568.83 |
AED to SOL
Amount | Today at 1:18 pm |
|---|---|
0.5 AED | 0.000742 SOL |
1 AED | 0.0015 SOL |
5 AED | 0.0074 SOL |
10 AED | 0.0148 SOL |
50 AED | 0.0742 SOL |
100 AED | 0.15 SOL |
500 AED | 0.74 SOL |
1,000 AED | 1.48 SOL |
Today vs. 24 hours ago
Amount | Today at 1:18 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | AED 336.78 | AED 343.57 | -1.98% |
1 SOL | AED 673.57 | AED 687.14 | -1.98% |
5 SOL | AED 3,367.84 | AED 3,435.71 | -1.98% |
10 SOL | AED 6,735.69 | AED 6,871.42 | -1.98% |
50 SOL | AED 33,678.44 | AED 34,357.09 | -1.98% |
100 SOL | AED 67,356.88 | AED 68,714.17 | -1.98% |
500 SOL | AED 336,784.41 | AED 343,570.86 | -1.98% |
1,000 SOL | AED 673,568.83 | AED 687,141.72 | -1.98% |
Today vs. 1 month ago
Amount | Today at 1:18 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | AED 336.78 | AED 485.50 | -30.63% |
1 SOL | AED 673.57 | AED 971.00 | -30.63% |
5 SOL | AED 3,367.84 | AED 4,854.98 | -30.63% |
10 SOL | AED 6,735.69 | AED 9,709.96 | -30.63% |
50 SOL | AED 33,678.44 | AED 48,549.78 | -30.63% |
100 SOL | AED 67,356.88 | AED 97,099.55 | -30.63% |
500 SOL | AED 336,784.41 | AED 485,497.76 | -30.63% |
1,000 SOL | AED 673,568.83 | AED 970,995.51 | -30.63% |
Today vs. 1 year ago
Amount | Today at 1:18 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | AED 336.78 | AED 198.55 | +69.62% |
1 SOL | AED 673.57 | AED 397.11 | +69.62% |
5 SOL | AED 3,367.84 | AED 1,985.54 | +69.62% |
10 SOL | AED 6,735.69 | AED 3,971.08 | +69.62% |
50 SOL | AED 33,678.44 | AED 19,855.42 | +69.62% |
100 SOL | AED 67,356.88 | AED 39,710.84 | +69.62% |
500 SOL | AED 336,784.41 | AED 198,554.20 | +69.62% |
1,000 SOL | AED 673,568.83 | AED 397,108.40 | +69.62% |
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