Convert and Swap Solana SOL to Hong Kong Dollar HKD
SOL/HKD: 1 Solana equals HK$1,437.05 HKD
Last update: 3:49 AM, December 23, 2024
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Solana is falling this week.
The current price of Solana is HK$1,437.05 per SOL. With a circulating supply of 479,343,415.169 SOL, it means that Solana has a total market cap of HK$689,695,613,515.91. The amount of Solana traded has fallen by HK$7,556,635,070.68 in the last 24 hours, which is a 23.10% decrease. Additionally, in the last day, HK$32,709,624,972.66 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 Hong Kong Dollar 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.
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SOL to Hong Kong Dollar conversion tables
The exchange rate of Solana is decreasing.
The current value of 1 SOL is HK$1,437.05 HKD. In other words, to buy 5 Solana, it would cost you HK$7,185.26 HKD. Inversely, HK$1.00 HKD would allow you to trade for 0.000696 SOL while HK$50.00 HKD would convert to 0.034793 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 16.5%. Meanwhile, in the last 24 hours, the rate has changed by 1.07%, and that the the highest exchange rate of 1 SOL to Hong Kong Dollar was HK$1,459.69 HKD and the lowest 24 hour value was 1 SOL for HK$1,370.71 HKD. This time last month, the value of 1 SOL was HK$2,057.59 HKD, which is a 32.6% increase from where it is now. Looking back a year, Solana has changed by HK$843.37 HKD.
SOL to HKD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
HK$1,407.01 HKD | -1.07% | HK$1,719.45 HKD | -16.50% | HK$2,057.59 HKD | -32.60% | HK$843.37 HKD | 67.04% |
SOL to HKD
Amount | Today at 3:49 am |
|---|---|
0.5 SOL | HK$718.53 |
1 SOL | HK$1,437.05 |
5 SOL | HK$7,185.26 |
10 SOL | HK$14,370.51 |
50 SOL | HK$71,852.57 |
100 SOL | HK$143,705.13 |
500 SOL | HK$718,525.67 |
1,000 SOL | HK$1,437,051.34 |
HKD to SOL
Amount | Today at 3:49 am |
|---|---|
0.5 HKD | 0.000348 SOL |
1 HKD | 0.000696 SOL |
5 HKD | 0.0035 SOL |
10 HKD | 0.0070 SOL |
50 HKD | 0.0348 SOL |
100 HKD | 0.0696 SOL |
500 HKD | 0.35 SOL |
1,000 HKD | 0.70 SOL |
Today vs. 24 hours ago
Amount | Today at 3:49 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | HK$718.53 | HK$700.81 | +2.53% |
1 SOL | HK$1,437.05 | HK$1,401.61 | +2.53% |
5 SOL | HK$7,185.26 | HK$7,008.07 | +2.53% |
10 SOL | HK$14,370.51 | HK$14,016.14 | +2.53% |
50 SOL | HK$71,852.57 | HK$70,080.70 | +2.53% |
100 SOL | HK$143,705.13 | HK$140,161.40 | +2.53% |
500 SOL | HK$718,525.67 | HK$700,807.01 | +2.53% |
1,000 SOL | HK$1,437,051.34 | HK$1,401,614.02 | +2.53% |
Today vs. 1 month ago
Amount | Today at 3:49 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | HK$718.53 | HK$1,023.69 | -29.81% |
1 SOL | HK$1,437.05 | HK$2,047.39 | -29.81% |
5 SOL | HK$7,185.26 | HK$10,236.93 | -29.81% |
10 SOL | HK$14,370.51 | HK$20,473.87 | -29.81% |
50 SOL | HK$71,852.57 | HK$102,369.33 | -29.81% |
100 SOL | HK$143,705.13 | HK$204,738.67 | -29.81% |
500 SOL | HK$718,525.67 | HK$1,023,693.33 | -29.81% |
1,000 SOL | HK$1,437,051.34 | HK$2,047,386.67 | -29.81% |
Today vs. 1 year ago
Amount | Today at 3:49 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | HK$718.53 | HK$418.12 | +71.85% |
1 SOL | HK$1,437.05 | HK$836.24 | +71.85% |
5 SOL | HK$7,185.26 | HK$4,181.22 | +71.85% |
10 SOL | HK$14,370.51 | HK$8,362.43 | +71.85% |
50 SOL | HK$71,852.57 | HK$41,812.17 | +71.85% |
100 SOL | HK$143,705.13 | HK$83,624.34 | +71.85% |
500 SOL | HK$718,525.67 | HK$418,121.72 | +71.85% |
1,000 SOL | HK$1,437,051.34 | HK$836,243.43 | +71.85% |
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