Convert and swap Solana SOL to Peruvian Sol PEN

SOL/PEN: 1 Solana equals PEN 533.93 PEN

Last update: 1:42 AM, September 20, 2024

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Solana is climbing this week.

The current price of Solana is PEN 533.93 per SOL. With a circulating supply of 468,484,549.16 SOL, it means that Solana has a total market cap of PEN 250,441,656,836.29. The amount of Solana traded has risen by PEN 805,874,857.99 in the last 24 hours, which is a 8.00% increase. Additionally, in the last day, PEN 10,075,739,969.78 worth of SOL has been traded.

PEN 250.4B
PEN 10.1B
468.5M SOL

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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 Peruvian Sol differ

Solana (SOL) and Peruvian Sol (PEN) are two distinct entities operating in different realms. Solana is a high-performance, 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 Peruvian Sol is the official currency of Peru, regulated by the Central Reserve Bank of Peru. It is a traditional form of money used for everyday transactions in Peru, unlike Solana which is a digital asset used within the blockchain ecosystem. The Peruvian Sol does not utilize blockchain technology or consensus mechanisms, and its value is influenced by economic factors such as inflation and interest rates. While Solana seeks to make DeFi more accessible on a larger scale, the Peruvian Sol serves as a medium of exchange, store of value, and unit of account within Peru.

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SOL to Peruvian Sol conversion tables

The exchange rate of Solana is increasing.

The current value of 1 SOL is PEN 533.93 PEN. In other words, to buy 5 Solana, it would cost you PEN 2,669.67 PEN. Inversely, PEN 1.00 PEN would allow you to trade for 0.0019 SOL while PEN 50.00 PEN would convert to 0.0936 SOL, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 5.27%. Meanwhile, in the last 24 hours, the rate has changed by 4.89%, which means that the the highest exchange rate of 1 SOL to Peruvian Sol was PEN 540.38 PEN and the lowest 24 hour value was 1 SOL for PEN 508.16 PEN. This time last month, the value of 1 SOL was PEN 543.22 PEN, which is a 2.74% increase from where it is now. Looking back a year, Solana has changed by PEN 75.77 PEN.

SOL to PEN performance history

Price 24H ago
Change 24H
Price 1W ago
Change 1W
Price 1M ago
Change 1M
Price 1Y ago
Change 1Y
PEN 511.44 PEN
4.89%
PEN 506.86 PEN
5.27%
PEN 543.22 PEN
-2.74%
PEN 75.77 PEN
603.89%

SOL to PEN

Amount
Today at 1:42 am
0.5 SOL
PEN 266.97
1 SOL
PEN 533.93
5 SOL
PEN 2,669.67
10 SOL
PEN 5,339.34
50 SOL
PEN 26,696.68
100 SOL
PEN 53,393.36
500 SOL
PEN 266,966.78
1,000 SOL
PEN 533,933.56

PEN to SOL

Amount
Today at 1:42 am
0.5 PEN
0.000936 SOL
1 PEN
0.0019 SOL
5 PEN
0.0094 SOL
10 PEN
0.0187 SOL
50 PEN
0.0936 SOL
100 PEN
0.19 SOL
500 PEN
0.94 SOL
1,000 PEN
1.87 SOL

Today vs. 24 hours ago

Amount
Today at 1:42 am
24 hours ago
24H Change
0.5 SOL
PEN 266.97
PEN 254.80
+4.78%
1 SOL
PEN 533.93
PEN 509.60
+4.78%
5 SOL
PEN 2,669.67
PEN 2,547.98
+4.78%
10 SOL
PEN 5,339.34
PEN 5,095.96
+4.78%
50 SOL
PEN 26,696.68
PEN 25,479.78
+4.78%
100 SOL
PEN 53,393.36
PEN 50,959.56
+4.78%
500 SOL
PEN 266,966.78
PEN 254,797.78
+4.78%
1,000 SOL
PEN 533,933.56
PEN 509,595.56
+4.78%

Today vs. 1 month ago

Amount
Today at 1:42 am
1 months ago
1M Change
0.5 SOL
PEN 266.97
PEN 273.58
-2.42%
1 SOL
PEN 533.93
PEN 547.15
-2.42%
5 SOL
PEN 2,669.67
PEN 2,735.77
-2.42%
10 SOL
PEN 5,339.34
PEN 5,471.54
-2.42%
50 SOL
PEN 26,696.68
PEN 27,357.71
-2.42%
100 SOL
PEN 53,393.36
PEN 54,715.42
-2.42%
500 SOL
PEN 266,966.78
PEN 273,577.10
-2.42%
1,000 SOL
PEN 533,933.56
PEN 547,154.20
-2.42%

Today vs. 1 year ago

Amount
Today at 1:42 am
1 year ago
1Y Change
0.5 SOL
PEN 266.97
PEN 38.12
+600.30%
1 SOL
PEN 533.93
PEN 76.24
+600.30%
5 SOL
PEN 2,669.67
PEN 381.22
+600.30%
10 SOL
PEN 5,339.34
PEN 762.44
+600.30%
50 SOL
PEN 26,696.68
PEN 3,812.20
+600.30%
100 SOL
PEN 53,393.36
PEN 7,624.40
+600.30%
500 SOL
PEN 266,966.78
PEN 38,122.01
+600.30%
1,000 SOL
PEN 533,933.56
PEN 76,244.03
+600.30%

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