Convert and Swap Solana SOL to Peruvian Sol PEN
SOL/PEN: 1 Solana equals PEN 670.80 PEN
Last update: 11:35 PM, December 22, 2024
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Solana is falling this week.
The current price of Solana is PEN 670.80 per SOL. With a circulating supply of 479,343,284.896 SOL, it means that Solana has a total market cap of PEN 322,788,188,303.12. The amount of Solana traded has fallen by PEN 3,844,607,892.34 in the last 24 hours, which is a 25.66% decrease. Additionally, in the last day, PEN 14,984,356,928.43 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 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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The exchange rate of Solana is increasing.
The current value of 1 SOL is PEN 670.80 PEN. In other words, to buy 5 Solana, it would cost you PEN 3,353.99 PEN. Inversely, PEN 1.00 PEN would allow you to trade for 0.0015 SOL while PEN 50.00 PEN would convert to 0.0745 SOL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 19.06%. Meanwhile, in the last 24 hours, the rate has changed by 0.02%, and that the the highest exchange rate of 1 SOL to Peruvian Sol was PEN 698.54 PEN and the lowest 24 hour value was 1 SOL for PEN 657.85 PEN. This time last month, the value of 1 SOL was PEN 975.24 PEN, which is a 29.85% increase from where it is now. Looking back a year, Solana has changed by PEN 361.90 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 670.68 PEN | 0.02% | PEN 835.18 PEN | -19.06% | PEN 975.24 PEN | -29.85% | PEN 361.90 PEN | 85.04% |
SOL to PEN
Amount | Today at 11:35 pm |
|---|---|
0.5 SOL | PEN 335.40 |
1 SOL | PEN 670.80 |
5 SOL | PEN 3,353.99 |
10 SOL | PEN 6,707.98 |
50 SOL | PEN 33,539.88 |
100 SOL | PEN 67,079.76 |
500 SOL | PEN 335,398.80 |
1,000 SOL | PEN 670,797.59 |
PEN to SOL
Amount | Today at 11:35 pm |
|---|---|
0.5 PEN | 0.000745 SOL |
1 PEN | 0.0015 SOL |
5 PEN | 0.0075 SOL |
10 PEN | 0.0149 SOL |
50 PEN | 0.0745 SOL |
100 PEN | 0.15 SOL |
500 PEN | 0.75 SOL |
1,000 PEN | 1.49 SOL |
Today vs. 24 hours ago
Amount | Today at 11:35 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SOL | PEN 335.40 | PEN 335.68 | -0.08% |
1 SOL | PEN 670.80 | PEN 671.36 | -0.08% |
5 SOL | PEN 3,353.99 | PEN 3,356.78 | -0.08% |
10 SOL | PEN 6,707.98 | PEN 6,713.56 | -0.08% |
50 SOL | PEN 33,539.88 | PEN 33,567.78 | -0.08% |
100 SOL | PEN 67,079.76 | PEN 67,135.56 | -0.08% |
500 SOL | PEN 335,398.80 | PEN 335,677.81 | -0.08% |
1,000 SOL | PEN 670,797.59 | PEN 671,355.62 | -0.08% |
Today vs. 1 month ago
Amount | Today at 11:35 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SOL | PEN 335.40 | PEN 478.47 | -29.90% |
1 SOL | PEN 670.80 | PEN 956.93 | -29.90% |
5 SOL | PEN 3,353.99 | PEN 4,784.66 | -29.90% |
10 SOL | PEN 6,707.98 | PEN 9,569.32 | -29.90% |
50 SOL | PEN 33,539.88 | PEN 47,846.62 | -29.90% |
100 SOL | PEN 67,079.76 | PEN 95,693.24 | -29.90% |
500 SOL | PEN 335,398.80 | PEN 478,466.20 | -29.90% |
1,000 SOL | PEN 670,797.59 | PEN 956,932.40 | -29.90% |
Today vs. 1 year ago
Amount | Today at 11:35 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SOL | PEN 335.40 | PEN 182.29 | +83.99% |
1 SOL | PEN 670.80 | PEN 364.57 | +83.99% |
5 SOL | PEN 3,353.99 | PEN 1,822.87 | +83.99% |
10 SOL | PEN 6,707.98 | PEN 3,645.74 | +83.99% |
50 SOL | PEN 33,539.88 | PEN 18,228.70 | +83.99% |
100 SOL | PEN 67,079.76 | PEN 36,457.40 | +83.99% |
500 SOL | PEN 335,398.80 | PEN 182,287.01 | +83.99% |
1,000 SOL | PEN 670,797.59 | PEN 364,574.02 | +83.99% |
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