Convert and Swap Solana SOL to Mexican Peso MXN
SOL/MXN: 1 Solana equals MX$3,720.56 MXN
Last update: 10:26 AM, December 23, 2024
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Solana is falling this week.
The current price of Solana is MX$3,720.56 per SOL. With a circulating supply of 479,341,678.228 SOL, it means that Solana has a total market cap of MX$1,786,596,842,093.19. The amount of Solana traded has fallen by MX$16,779,897,685.34 in the last 24 hours, which is a 19.32% decrease. Additionally, in the last day, MX$86,834,495,113.57 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 Mexican Peso differ
Solana (SOL) and the Mexican Peso (MXN) 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 enhance the decentralized finance (DeFi) space. It uses a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms to ensure trustless transactions and scalability. On the other hand, the Mexican Peso is a traditional fiat currency issued and regulated by the Mexican government. Unlike Solana, it doesn't rely on blockchain technology or consensus mechanisms for its operation. Instead, its value is determined by factors such as inflation, interest rates, and the economic health of Mexico. While Solana seeks to make DeFi more accessible on a larger scale, the Mexican Peso serves as a medium of exchange for goods and services within Mexico and can be physically held and spent.
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SOL to Mexican Peso conversion tables
The exchange rate of Solana is decreasing.
The current value of 1 SOL is MX$3,720.56 MXN. In other words, to buy 5 Solana, it would cost you MX$18,602.82 MXN. Inversely, MX$1.00 MXN would allow you to trade for 0.000269 SOL while MX$50.00 MXN would convert to 0.013439 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.11%. Meanwhile, in the last 24 hours, the rate has changed by 0.26%, and that the the highest exchange rate of 1 SOL to Mexican Peso was MX$3,769.78 MXN and the lowest 24 hour value was 1 SOL for MX$3,540.80 MXN. This time last month, the value of 1 SOL was MX$5,239.28 MXN, which is a 28% increase from where it is now. Looking back a year, Solana has changed by MX$1,832.73 MXN.
SOL to MXN performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MX$3,734.94 MXN | -0.26% | MX$4,375.79 MXN | -15.11% | MX$5,239.28 MXN | -28.00% | MX$1,832.73 MXN | 67.04% |
SOL to MXN
Amount | Today at 10:26 am |
|---|---|
0.5 SOL | MX$1,860.28 |
1 SOL | MX$3,720.56 |
5 SOL | MX$18,602.82 |
10 SOL | MX$37,205.63 |
50 SOL | MX$186,028.15 |
100 SOL | MX$372,056.31 |
500 SOL | MX$1,860,281.55 |
1,000 SOL | MX$3,720,563.10 |
MXN to SOL
Amount | Today at 10:26 am |
|---|---|
0.5 MXN | 0.000134 SOL |
1 MXN | 0.000269 SOL |
5 MXN | 0.0013 SOL |
10 MXN | 0.0027 SOL |
50 MXN | 0.0134 SOL |
100 MXN | 0.0269 SOL |
500 MXN | 0.13 SOL |
1,000 MXN | 0.27 SOL |
Today vs. 24 hours ago
Amount | Today at 10:26 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | MX$1,860.28 | MX$1,875.96 | -0.84% |
1 SOL | MX$3,720.56 | MX$3,751.92 | -0.84% |
5 SOL | MX$18,602.82 | MX$18,759.59 | -0.84% |
10 SOL | MX$37,205.63 | MX$37,519.19 | -0.84% |
50 SOL | MX$186,028.15 | MX$187,595.93 | -0.84% |
100 SOL | MX$372,056.31 | MX$375,191.87 | -0.84% |
500 SOL | MX$1,860,281.55 | MX$1,875,959.35 | -0.84% |
1,000 SOL | MX$3,720,563.10 | MX$3,751,918.70 | -0.84% |
Today vs. 1 month ago
Amount | Today at 10:26 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | MX$1,860.28 | MX$2,576.99 | -27.81% |
1 SOL | MX$3,720.56 | MX$5,153.98 | -27.81% |
5 SOL | MX$18,602.82 | MX$25,769.88 | -27.81% |
10 SOL | MX$37,205.63 | MX$51,539.76 | -27.81% |
50 SOL | MX$186,028.15 | MX$257,698.82 | -27.81% |
100 SOL | MX$372,056.31 | MX$515,397.63 | -27.81% |
500 SOL | MX$1,860,281.55 | MX$2,576,988.17 | -27.81% |
1,000 SOL | MX$3,720,563.10 | MX$5,153,976.34 | -27.81% |
Today vs. 1 year ago
Amount | Today at 10:26 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | MX$1,860.28 | MX$1,084.98 | +71.46% |
1 SOL | MX$3,720.56 | MX$2,169.97 | +71.46% |
5 SOL | MX$18,602.82 | MX$10,849.84 | +71.46% |
10 SOL | MX$37,205.63 | MX$21,699.68 | +71.46% |
50 SOL | MX$186,028.15 | MX$108,498.42 | +71.46% |
100 SOL | MX$372,056.31 | MX$216,996.84 | +71.46% |
500 SOL | MX$1,860,281.55 | MX$1,084,984.18 | +71.46% |
1,000 SOL | MX$3,720,563.10 | MX$2,169,968.35 | +71.46% |
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