SOLANA IS BACK | Solana Crypto NEWS |+ 1,080% To ATH | SOLANA PRICE POTENTIAL
00:00 Introduction
01:40 Solana price
02:08 What is Solana? What Makes Solana Unique?
03:06 SOL NEWS
07:23 Solana Price Prediction
08:06 My thoughts
DEX volume on Solana over the last four months has been exeding pre-FTX levels, reflecting renewed demand for DeFi activities on the chain.
The dramatic collapse of the world’s second-largest crypto exchange FTX sent schockwaves across the broader market in November last year.
However, one of the biggest victims was Solana [SOL] which earned a lot of bad press due to its limited exposure to the fallen trading platform.
Sam Bankman-Fried, former CEO of FTX, was a big supporter of Solana and a significant amount of coins were held on the balance sheets of FTX. As a result, SOL crashed 63% in the week following the collapse.
BUT at the time of shooting this video, Solana held assets worth more than $572 million, representing a change of 18% over the last 24 hours.
What is Solana? What Makes Solana Unique?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus. This concept allows for greater scalability of the protocol, which in turn boosts usability.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
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