Title: Solana’s Ascent: From Retail Darling to Institutional Powerhouse.
- Once viewed as a risky investment following the collapse of FTX, Solana (SOL) has made a remarkable comeback, emerging as one of the strongest performers in the latest crypto bull run. With its lightning-fast transaction speeds, minimal gas fees, and a rapidly expanding ecosystem, SOL has not only regained investor confidence but is now being hailed as a serious contender to Ethereum’s throne.
What’s driving this resurgence? Today, we delve into the surging on-chain activity within the Solana network. The network’s rapid growth underscores its game-changing potential. Join us as we explore the forces propelling Solana into the spotlight and assess its future prospects.

- Notably, in July, Solana outpaced Ethereum in weekly total fees and monthly decentralized exchange (DEX) trading volume for the first time, generating approximately $25 million and $56.849 billion in respective indexes.

Macro Strategist at BlockBase Venture: https://blockbase.co/

More information: https://insights.blockbase.co/author/phuc-duong/