Solana (SOL) hits new highs as DApps, DeFi and stablecoins be part of the community By Cointelegraph

Solana (SOL) hits new highs as DApps, DeFi and stablecoins be part of the community The arrival of institutional traders and the rise of decentralized finance (DeFi) has been an unimaginable boon for all the cryptocurrency sector but it surely has additionally highlighted a lot of persistent limitations that many blockchain networks encounter when confronted



Solana (SOL) hits new highs as DApps, DeFi and stablecoins be part of the community

The arrival of institutional traders and the rise of decentralized finance (DeFi) has been an unimaginable boon for all the cryptocurrency sector but it surely has additionally highlighted a lot of persistent limitations that many blockchain networks encounter when confronted with surges in exercise and the necessity to scale.

Excessive charges and slower transaction instances on the (ETH) community have left the door open for brand new layer-1 options to emerge, and Solana (SOL) is one such challenge that has been gaining traction these days.

SOL/USDT 4-hour chart. Supply: TradingView