# Solana

A relatively new and rapidly growing cryptocurrency is Solana, with a market cap of roughly 60 billion USD. So what is Solana? To put it simply, Solana is simply a *cheaper* and *faster* alternative to Ethereum. As Ethereum has scaled in size, it has faced increasing *gas fees\** and longer transaction times. With transactions sometimes costing as much as 100$ and taking up to an hour, there is a viable market for a cheaper alternative, ie. Solana, which has a fraction of the transaction time and cos&#x74;*.*

{% hint style="info" %}
*In crypto, gas is the cost of completing a transaction. For example, if I wanted to send you 1000 dollars of Ethereum, it may cost $10 in gas.*
{% endhint %}

For more on Solana, click [here](https://www.investopedia.com/solana-5210472).


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