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SOLUSD definition
SOLUSD is the market symbol for Solana (SOL) priced in US dollars, where SOL is the native token of the Solana blockchain and USD is the US dollar. The quote shows how many US dollars it takes to buy one SOL. Solana is a high-throughput layer-1 blockchain built to process large numbers of transactions quickly and cheaply.
You take exposure to SOLUSD through a crypto CFD, a position on the price that needs no coin ownership and no wallet. Buy to go long if you expect SOL to appreciate, or sell to go short if you expect it to fall. The pair is quoted in US dollars, trades continuously, and carries the high volatility typical of layer-1 tokens.
Drivers for SOLUSD include the level of activity on the network across decentralised finance and other applications, the chain's reliability and uptime, overall crypto market sentiment, and correlation with Bitcoin. Solana is often discussed as a competitor to Ethereum because both host smart contracts, though they use different underlying designs.
SOLUSD Example
Say SOLUSD is trading at 150 and you expect a pullback, so you short the equivalent of 20 SOL. The price falls to 135, a move of 15 in your favour per coin, so your profit is:
15 √ó 20 = USD 300
If SOL had instead risen to 165, the same 15 move per coin against you would have cost USD 300.
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