Convert and Swap Solana SOL to Japanese Yen JPY
SOL/JPY: 1 Solana equals ¥29,037.01 JPY
Last update: 1:20 PM, December 22, 2024
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Solana is falling this week.
The current price of Solana is ¥29,037.01 per SOL. With a circulating supply of 479,347,576.813 SOL, it means that Solana has a total market cap of ¥13,946,899,249,893.25. The amount of Solana traded has fallen by ¥113,301,673,365 in the last 24 hours, which is a 14.57% decrease. Additionally, in the last day, ¥777,393,221,558 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 Japanese Yen differ
Solana (SOL) and Japanese Yen (JPY) are both mediums of exchange, but they operate in fundamentally different ways. Solana is a decentralized, open-source blockchain platform that aims to facilitate the creation of decentralized applications (DApps) and enhance the decentralized finance (DeFi) space. It operates using a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms, which allows for decreased validation times and low transaction costs, making it attractive for a diverse range of users. On the other hand, the Japanese Yen is a traditional, centralized currency issued and regulated by the Bank of Japan. Unlike Solana, the value of the Yen is influenced by economic factors such as inflation, interest rates, and the country's economic health. Furthermore, while Solana's use cases span across various sectors, the Yen is primarily used for transactions within Japan or for forex trading. Lastly, while Solana's operations are transparent and recorded on the blockchain, transactions with the Yen are not publicly accessible and can be influenced by governmental policies.
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The exchange rate of Solana is increasing.
The current value of 1 SOL is ¥29,037 JPY. In other words, to buy 5 Solana, it would cost you ¥145,185 JPY. Inversely, ¥1 JPY would allow you to trade for 0.000034 SOL while ¥50 JPY would convert to 0.001722 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.39%. Meanwhile, in the last 24 hours, the rate has changed by 0.23%, and that the the highest exchange rate of 1 SOL to Japanese Yen was ¥29,365.51 JPY and the lowest 24 hour value was 1 SOL for ¥27,813.74 JPY. This time last month, the value of 1 SOL was ¥39,540 JPY, which is a 26.88% increase from where it is now. Looking back a year, Solana has changed by ¥13,958 JPY.
SOL to JPY performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
¥28,951.78 JPY | 0.23% | ¥33,762.15 JPY | -15.39% | ¥39,540.16 JPY | -26.88% | ¥13,958.20 JPY | 85.04% |
SOL to JPY
Amount | Today at 1:20 pm |
|---|---|
0.5 SOL | ¥14,518.50 |
1 SOL | ¥29,037.01 |
5 SOL | ¥145,185.05 |
10 SOL | ¥290,370.09 |
50 SOL | ¥1,451,850.47 |
100 SOL | ¥2,903,700.94 |
500 SOL | ¥14,518,504.69 |
1,000 SOL | ¥29,037,009.37 |
JPY to SOL
Amount | Today at 1:20 pm |
|---|---|
0.5 JPY | 0.000017 SOL |
1 JPY | 0.000034 SOL |
5 JPY | 0.000172 SOL |
10 JPY | 0.000344 SOL |
50 JPY | 0.0017 SOL |
100 JPY | 0.0034 SOL |
500 JPY | 0.0172 SOL |
1,000 JPY | 0.0344 SOL |
Today vs. 24 hours ago
Amount | Today at 1:20 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | ¥14,518.50 | ¥14,482.90 | +0.25% |
1 SOL | ¥29,037.01 | ¥28,965.80 | +0.25% |
5 SOL | ¥145,185.05 | ¥144,829.02 | +0.25% |
10 SOL | ¥290,370.09 | ¥289,658.04 | +0.25% |
50 SOL | ¥1,451,850.47 | ¥1,448,290.19 | +0.25% |
100 SOL | ¥2,903,700.94 | ¥2,896,580.38 | +0.25% |
500 SOL | ¥14,518,504.69 | ¥14,482,901.90 | +0.25% |
1,000 SOL | ¥29,037,009.37 | ¥28,965,803.80 | +0.25% |
Today vs. 1 month ago
Amount | Today at 1:20 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | ¥14,518.50 | ¥19,968.08 | -27.29% |
1 SOL | ¥29,037.01 | ¥39,936.16 | -27.29% |
5 SOL | ¥145,185.05 | ¥199,680.79 | -27.29% |
10 SOL | ¥290,370.09 | ¥399,361.58 | -27.29% |
50 SOL | ¥1,451,850.47 | ¥1,996,807.90 | -27.29% |
100 SOL | ¥2,903,700.94 | ¥3,993,615.79 | -27.29% |
500 SOL | ¥14,518,504.69 | ¥19,968,078.96 | -27.29% |
1,000 SOL | ¥29,037,009.37 | ¥39,936,157.93 | -27.29% |
Today vs. 1 year ago
Amount | Today at 1:20 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | ¥14,518.50 | ¥7,668.29 | +89.33% |
1 SOL | ¥29,037.01 | ¥15,336.59 | +89.33% |
5 SOL | ¥145,185.05 | ¥76,682.93 | +89.33% |
10 SOL | ¥290,370.09 | ¥153,365.86 | +89.33% |
50 SOL | ¥1,451,850.47 | ¥766,829.32 | +89.33% |
100 SOL | ¥2,903,700.94 | ¥1,533,658.64 | +89.33% |
500 SOL | ¥14,518,504.69 | ¥7,668,293.19 | +89.33% |
1,000 SOL | ¥29,037,009.37 | ¥15,336,586.37 | +89.33% |
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