It is possible to earn a yield from staking Solana. This is because the Solana network uses a proof-of-stake consensus mechanism, which helps ensure the blockchain's security.
The network’s native cryptocurrency, SOL, is used to execute custom programs, send transactions, and incentivize actors that support the Solana network. An eco-system of distributed applications (dApps) has emerged using this functionality. One must possess SOL in order to use these dApps.
Solana’s high transaction throughput makes it potentially more scalable than other smart contract networks. Institutional use cases, taking advantage of this high transaction throughput, are emerging. This increased institutional demand to use the Solana network should drive the price of the SOL cryptocurrency.
Solana’s scalability
Solana ecosystem
Additional staking yield