SOL/HKD: Convert Solana (SOL) to Hong Kong Dollar (HKD)

1 Solana equals HK$1,111.64 Hong Kong Dollar

Last update: 10:37 PM, September 19, 2024

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Overview

About Solana (SOL)

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.

Resources

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 (SOL) and Hong Kong Dollar (HKD) differ

Solana (SOL) and the Hong Kong Dollar (HKD) are fundamentally different in their nature and functionality. Solana is a decentralized, open-source blockchain platform that aims to facilitate the creation of decentralized applications (DApps) and enhance the accessibility of decentralized finance (DeFi). It operates on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms, which strive to ensure scalability, fast processing, and low transaction costs. On the other hand, the Hong Kong Dollar is a traditional, centralized fiat currency issued by the Hong Kong Monetary Authority. It is regulated by a central authority, used for physical transactions, and its value is influenced by economic factors such as inflation, interest rates, and government policies. Unlike Solana, the Hong Kong Dollar does not utilize blockchain technology, nor does it aim to facilitate the creation of DApps or enhance the accessibility of DeFi.

Solana Markets

Solana is climbing this week.

The current price of Solana is HK$1,111.64 per SOL. With a circulating supply of 468,485,225.625 SOL, it means that Solana has a total market cap of HK$519,590,510,608.12. The amount of Solana traded has risen by HK$7,249,549,579.84 in the last 24 hours, which is a 32.16% increase. Additionally, in the last day, HK$22,545,158,152.70 worth of SOL has been traded.

Market cap

£519.6B

Volume (24h)

£22.5B

Circulating supply

468.5M SOL

See all metrics

Conversion tables

The exchange rate of Solana is decreasing.

The current value of 1 SOL is HK$1,111.64 HKD. In other words, to buy 5 Solana, it would cost you HK$5,558.22 HKD. Inversely, HK$1.00 HKD would allow you to trade for 0.000900 SOL while HK$50.00 HKD would convert to 0.044978 SOL, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 4.83%. Meanwhile, in the last 24 hours, the rate has changed by 8.61%, which means that the the highest exchange rate of 1 SOL to Hong Kong Dollar was 144 HKD and the lowest 24 hour value was 1 SOL for 131.15 HKD. This time last month, the value of 1 SOL was HK$1,136.90 HKD, which is a 2.22% increase from where it is now. Looking back a year, Solana has changed by -HK$955.52 HKD.

SOL to HKD

Amount	Today at 10:37 pm
0.5 SOL	HK$555.82
1 SOL	HK$1,111.64
5 SOL	HK$5,558.22
10 SOL	HK$11,116.44
50 SOL	HK$55,582.21
100 SOL	HK$111,164.42
500 SOL	HK$555,822.10
1,000 SOL	HK$1,111,644.21

HKD to SOL

Amount	Today at 10:37 pm
0.5 HKD	0.000450 SOL
1 HKD	0.000900 SOL
5 HKD	0.0045 SOL
10 HKD	0.0090 SOL
50 HKD	0.0450 SOL
100 HKD	0.0900 SOL
500 HKD	0.45 SOL
1,000 HKD	0.90 SOL

Today vs. 24 hours ago

Amount	Today at 10:37 pm	24 hours ago	24H Change
0.5 SOL	HK$555.82	HK$511.74	+8.61%
1 SOL	HK$1,111.64	HK$1,023.49	+8.61%
5 SOL	HK$5,558.22	HK$5,117.43	+8.61%
10 SOL	HK$11,116.44	HK$10,234.86	+8.61%
50 SOL	HK$55,582.21	HK$51,174.30	+8.61%
100 SOL	HK$111,164.42	HK$102,348.59	+8.61%
500 SOL	HK$555,822.10	HK$511,742.95	+8.61%
1,000 SOL	HK$1,111,644.21	HK$1,023,485.91	+8.61%

Today vs. 1 month ago

Amount	Today at 10:37 pm	1 months ago	1M Change
0.5 SOL	HK$555.82	HK$568.45	-2.22%
1 SOL	HK$1,111.64	HK$1,136.90	-2.22%
5 SOL	HK$5,558.22	HK$5,684.50	-2.22%
10 SOL	HK$11,116.44	HK$11,368.99	-2.22%
50 SOL	HK$55,582.21	HK$56,844.96	-2.22%
100 SOL	HK$111,164.42	HK$113,689.91	-2.22%
500 SOL	HK$555,822.10	HK$568,449.55	-2.22%
1,000 SOL	HK$1,111,644.21	HK$1,136,899.11	-2.22%

Today vs. 1 year ago

Amount	Today at 10:37 pm	1 year ago	1Y Change
0.5 SOL	HK$555.82	HK$78.06	+612.01%
1 SOL	HK$1,111.64	HK$156.13	+612.01%
5 SOL	HK$5,558.22	HK$780.64	+612.01%
10 SOL	HK$11,116.44	HK$1,561.28	+612.01%
50 SOL	HK$55,582.21	HK$7,806.41	+612.01%
100 SOL	HK$111,164.42	HK$15,612.83	+612.01%
500 SOL	HK$555,822.10	HK$78,064.14	+612.01%
1,000 SOL	HK$1,111,644.21	HK$156,128.27	+612.01%

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