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Wrapped Solana price

Wrapped Solana priceSOL

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Price of Wrapped Solana today

The live price of Wrapped Solana is $238.87 per (SOL / USD) today with a current market cap of $300.07M USD. The 24-hour trading volume is $8.16B USD. SOL to USD price is updated in real time. Wrapped Solana is -1.89% in the last 24 hours. It has a circulating supply of 1,256,226.6 .

What is the highest price of SOL?

SOL has an all-time high (ATH) of $1,570.08, recorded on 2024-01-01.

What is the lowest price of SOL?

SOL has an all-time low (ATL) of $8.21, recorded on 2022-12-29.
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Wrapped Solana price prediction

What will the price of SOL be in 2026?

Based on SOL's historical price performance prediction model, the price of SOL is projected to reach $219.5 in 2026.

What will the price of SOL be in 2031?

In 2031, the SOL price is expected to change by +3.00%. By the end of 2031, the SOL price is projected to reach $439.81, with a cumulative ROI of +102.04%.

Wrapped Solana price history (USD)

The price of Wrapped Solana is +692.35% over the last year. The highest price of in USD in the last year was $1,570.08 and the lowest price of in USD in the last year was $15.76.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-1.89%$132.78$140.79
7d-8.63%$131.14$151.25
30d-24.06%$131.14$182.35
90d-22.11%$119.57$204.02
1y+692.35%$15.76$1,570.08
All-time0.00%$8.21(2022-12-29, 2 years ago )$1,570.08(2024-01-01, 1 years ago )

Wrapped Solana market information

Wrapped Solana's market cap history

Market cap
$300,070,058.2
Fully diluted market cap
$300,070,058.2
Market rankings
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Wrapped Solana holdings by concentration

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Wrapped Solana addresses by time held

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Live coinInfo.name (12) price chart
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Wrapped Solana ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Wrapped Solana (SOL)

Wrapped Solana Token: Unveiling its Purpose and Potential

Why Was Wrapped Solana Token Created?

The Wrapped Solana Token (wSOL) was formulated to address one fundamental hurdle in the blockchain ecosystem, i.e., interoperability. This characteristic represents the ease with which different blockchains can communicate and interact with one another.

Despite the existence of thousands of digital currencies, the underlying technology that powers most of them isn't uniform. This technical diversity leads to a significant lack of interoperability, making it tough for these decentralized ecosystems to interact.

Here's where Wrapped tokens come into play. They are a type of cryptocurrency that mirror the price of another cryptocurrency. They are tied to the value of the original crypto, and can be minted or burned as necessary. In the case of the Wrapped Solana Token (wSOL), it mirrors the price of Solana Token (SOL).

How Does Wrapped Solana Token Work?

A Wrapped Solana Token (wSOL) represents the value of Solana on other blockchain networks, such as Ethereum. This allows the value of Solana to be utilized on platforms that would not normally support it. This basic concept results in unprecedented blockchain interoperability, fluid assets transfer and unlocks novel avenues for decentralized finance (DeFi).

To obtain wSOL, holders deposit the native crypto (SOL) into a secure wrap protocol. Once deposited, the protocol mints a corresponding amount of wSOL token, keeping the same value as the original SOL.

Any wrapped token can freely move within the network it is compatible with. wSOL, for example, could travel through the Ethereum blockchain, participating in various protocols that accept it. Once its mission is complete, the wSOL can be unwrapped, burning the wSOL and releasing the original SOL back to the holder.

What Potential Does Wrapped Solana Token Hold?

DeFi protocols have an insatiable appetite for liquidity. While these protocols promise high returns, they are often constrained by the assets they can support. Wrapped tokens, like wSOL, could provide a solution, giving these platforms seamless access to an existing pool of liquidity.

Moreover, as Solana positions itself as a high-speed low-cost solution to Ethereum’s scalability issues, the demand for wSOL tokens on Ethereum-based DApps can likely grow. wSOL brings Solana's super-fast, secure, and censorship-resistant transactions to the Ethereum ecosystem, opening new opportunities for arbitrage, flash loans, and yield farming.

In conclusion, Wrapped Solana Token (wSOL), embracing the decentralization ethos at its core, carefully solves the interoperability issue, simultaneously imparting fluidity and expanding possibilities in the universe of blockchain and DeFi. These developments might only be the tip of the iceberg, and wSOL could unlock more potentials in the rapidly evolving DeFi space.

How to buy Wrapped Solana(SOL)

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FAQ

What is the current price of Wrapped Solana?

The live price of Wrapped Solana is $238.87 per (SOL/USD) with a current market cap of $300,070,058.2 USD. Wrapped Solana's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Wrapped Solana's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Wrapped Solana?

Over the last 24 hours, the trading volume of Wrapped Solana is $8.16B.

What is the all-time high of Wrapped Solana?

The all-time high of Wrapped Solana is $1,570.08. This all-time high is highest price for Wrapped Solana since it was launched.

Can I buy Wrapped Solana on Bitget?

Yes, Wrapped Solana is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Wrapped Solana?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped Solana with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Wrapped Solana (SOL)?

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Cryptocurrency investments, including buying Wrapped Solana online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Wrapped Solana, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Wrapped Solana purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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1 SOL = 238.87 USD
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