Lucas
@lucas79
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.
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Lucas
@lucas79
I/ Overview: - Solana is a Layer 1 blockchain renowned for its speed and low gas fees. In the past, Solana's success was closely tied to FTX Ventures and Alameda Research due to substantial funding from these entities. Consequently, the collapse of FTX two years ago was devastating for Solana, causing the price of SOL to plummet below $8. However, SOL has made a strong comeback, emerging as the top gainer among major cryptocurrencies in the current bull run. Its token price has surged nearly 25 times from its 2022 lows.
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