Solana (SOL): The Start of a New Era in Cryptocurrencies
Solana is hardly the newest thing on the block. SOL is back in popularity with developers and traders both as a Layer-1. Its market cap is above $87 billion, and its price is currently around $166. Its value proposition is clear: super-fast transaction speeds, very low fees, and a growing ecosystem that includes DeFi, NFTs, gaming, and most recently, meme currencies. Solana has improved technically and reputationally after being plagued by network disruptions and congestion. It now has some of the world’s most popular DeFi protocols, NFT marketplaces, and meme tokens. As Ethereum’s gas fees rise, Solana has emerged as the preferred chain for performance and accessibility. Solana has the potential to grow in the mid-to-long term, as institutions remain interested in it and numerous high-impact projects are being built on top of it. This is especially true when new waves of retail and institutional investment return to crypto.
