Since last month, Solana (SOL) has shown a jump of over 92%. Undoubtedly, the trend is driven by a dumping of features and applications that promise a longer spike.
According to data from firm Sino Global Capital, here are Solana's current strengths:
Instead of low -level delays, high performance and handling with the Proof of History mechanism, the Solana blockchain is capable of processing as many as 50,000 TPS.
At the same time, its users can take advantage of its low cost, averaging $ 0.0007 per transaction with high compatibility and this distinguishes Solana from other alternatives.
Compatibility in the Solana blockchain is able to drive the growth of the DeFi ecosystem, even more so than other platforms that will implement sharding and second layer solutions.
For information, sharding is a method of separating and storing a single dataset in several databases.
Solana is expected to be brought to Ethereum by receiving support for EVM (Ethereum Virtual Machine) as a second layer solution. Coupled with a more ‘simplified’ user experience and a community of over 25,000 contributors on GitHub, Rust -based smart contracts.
Solana has better accessibility for new developers and great potential to execute many use cases.
Solana also has a large number of partnerships that have successfully integrated the platform with some of DeFi’s latest projects. For example, Audius, Oxygen, Serum and more.
As the parabolic picks up, SOL last night managed to record a new all -time high (ATH), $ 27.49. However, SOL was slightly down over 1% with trading value at the time of writing $ 26.28, jumping over 8% in 24 hours.
