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Crypto network guide
The Solana Network, Explained
Quick answer
Solana is a high-throughput Proof of Stake network launched in 2020, built for speed: blocks arrive roughly every 400 milliseconds and transactions reach finality in seconds for fees under a cent. It hosts stablecoins as SPL tokens, with USDC especially dominant in Solana payments.
Updated August 2026 · Reviewed by the Anytime Capital trading desk
Solana at a glance
- Launched
- 2020
- Consensus
- Proof of Stake with Proof of History sequencing
- Block time
- ~0.4 seconds
- Typical transfer time
- Under 1 minute
- Typical network fee
- Under a cent – cents
- Token standard
- SPL
- Native asset
- Solana (SOL)
Network fee: A base fee of 0.000005 SOL — a fraction of a cent — plus an optional priority fee that keeps typical transfers around $0.001–$0.05 in 2025–2026. Third-party network figures, not Anytime Capital pricing — our pricing is on the fees & limits page.
How long does a Solana transfer take?
Solana produces blocks roughly every 400 milliseconds and reaches finality in seconds. In practice, SOL and SPL-token transfers (USDC, USDT) are confirmed and spendable in well under a minute — the transfer itself is near-instant, and any wait is the receiving platform's own crediting delay.
Compare every chain on one page: how long crypto transfers take on every major network.
How is Solana so fast?
Solana's core innovation is Proof of History — a cryptographic clock that timestamps transactions before consensus, letting validators agree on ordering without waiting on each other. Combined with parallel transaction execution, the network processes thousands of transactions per second on one unified chain, with no Layer 2s required.
For a consumer, the experience is simply immediacy: you send, the recipient has it. That made Solana the chain of choice for payments experiments — Solana Pay, point-of-sale stablecoin settlement, and the 2024–2026 wave of consumer apps.
What is an SPL token?
SPL is Solana's token standard — the equivalent of Ethereum's ERC-20 or TRON's TRC-20. USDC and USDT on Solana are SPL tokens. Under the hood, Solana creates a separate token account for each asset you hold, but modern wallets abstract that away entirely: you share your one Solana address, and senders' wallets route each token correctly.
One habit that matters: some platforms label a Solana withdrawal 'SOL network' or 'SPL' — those mean the same thing. USDC-SPL must be sent to a Solana address, never to an Ethereum 0x address, even though both may appear on the same exchange withdrawal screen.
Has Solana fixed its downtime problem?
Honesty matters here: between 2021 and early 2024 Solana suffered several full or partial outages, the last major one in February 2024. The client software has since been hardened and diversified (including the Firedancer validator client effort), and the network ran without a full outage from that point through early 2026.
The practical consumer risk of a network pause is delay, not loss — funds don't disappear when a chain halts; transfers queue and settle when block production resumes. For time-critical large transfers, professional desks simply confirm chain status first, as ours does.
SOL, USDC-SPL, or something else — what should you actually send?
For dollar amounts, USDC on Solana is one of the best consumer rails in crypto in 2026: sub-second settlement, negligible fees, and native issuer support. For exposure to the network itself, SOL is the asset. Both live in the same wallet, and both are available at Anytime Capital with a debit card, Apple Pay, Google Pay, wire, or cash — delivered to any Solana address, including our free non-custodial wallet.
Stablecoins on Solana
What does a Solana address look like?
| Format | Looks like | Notes |
|---|---|---|
| Standard address | 32–44 base58 characters (no 0x, no fixed prefix) | Token accounts are derived automatically — you share one address for SOL and SPL tokens |
Buy SOL or stablecoins on Solana — the #1 place to buy crypto with a debit card, wire, Apple Pay & more
Anytime Capital is a US-based money services business with thousands of customers. Debit and credit cards from every major US bank work here, verification takes minutes, and delivery goes straight to the Solana address you choose.
- Wire transfer
- Cash in person
Digital assets are not FDIC-insured, are not bank deposits, and may lose value. Availability and limits subject to identity verification and compliance review.
Hold SOL in the best and fastest non-custodial wallet
The Anytime Capital wallet supports SOL plus USDC and USDT as SPL tokens — sub-second network, non-custodial keys.
Your keys, always
Non-custodial by design — Anytime Capital never holds your coins.
Fast on every chain
Bitcoin, Ethereum, Solana, TRON, and Litecoin with live network fees shown before you send.
Backed by a real company
US-based, thousands of customers, and human support when you need it.
Solana network questions
About SOL
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