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Solana celebrated her 5th birthday yesterday. In honor of the occasion, we decided to take a look at the trip of this blockchain to become a leading platform and the house of the best rooms even.
Solana was launched on March 16, 2020 by the CEO of Solana Labs, Anatoly Yakovenko and the co-founder of Solana, Raj Gokal and his team. It was just about when the whole world was forced to lock itself by the COVVI-19 pandemic.
Some 408B transactions and almost 1 t $ by negotiating on dexals later, today Solana is second behind Ethereum in terms of total locked value, at $ 6.85 billion.
Solana was designed to solve the scalability problems that tormented the tastes of Bitcoin and Ethereum blockchains. And, in the past five years, it has been largely adopted in fields such as DEFI, NFTS, Gaming, Web3 Applications and – of course – as the launch of some of the best coins.
The high -speed and low cost blockchain has experienced its fair share of ups and downs in the past five years.
At the 2020-2021 Taurus summit, Solana’s market capitalization increased to $ 77.8 billion. However, it dropped with a huge 96% at the end of 2022. The Solana price fell to $ 8.30 and its market capitalization reached around $ 3 billion.
However, Solana has completely proven the child back, thanks in large part to the craze for the memes piece. Last year, the parts market even exploded and its collective market capitalization increased by 330%, According to cex.io.
Solana’s impressive speed (up to 65,000 transactions per second), low costs, the strong community and the friendly environment made it the essential blockchain for the Best Altcoinsgiving it a considerable advantage over competitors.
Solana returns to the right track for a good year to come
While Solana celebrates her 5th anniversary, it seems that good things are in store for this blockchain. On the one hand, US President Donald Trump recently announced $ Sol will be included in the strategic reserve proposed by the country.
Institutional players recognize the strong position of Solana – with tastes of the Manager of Blackrock active ingredients by the launch $ SPOT ETFS.
Solana also has two protocol upgrades in the pipeline. The first, SIMD 0123, offers a system by which Solana’s priority costs go to Stakers Validator. This should stimulate ignition rewards, block transactions outside chain and improve treatment on the channel.
SIMD 0228, on the other hand, is a proposal to modify the release of new $ soil tokens, in order to make the emissions emission more balanced and more efficient. Instead of a fixed schedule, the implementation of awards would adjust according to the number of people who mark out.
Solana’s Solana’s forecast solution to Solaxy
Solana’s ecosystem continues to flourish in cryptocurrency and web3 landscape, proving that speed, efficiency and innovation can coexist in a decentralized world. That said, the Solana blockchain is still known for traffic congestion and failed transactions.
At the rescue comes Solaxy ($ solx)The coin behind the very first Solana Layer 2 ecosystem in the world.
$ Solx aims to rely on the right Solana points (speed and low transaction costs) by increasing scalability and adding even more speed.
As a token based on Ethereum, Solaxy will fill Solana and Ethereum, which means that $ Solx holders will be able to capitalize on the strength of these two blockchain powers.
This is an exciting news for the world of cryptography, and investors take note. Prévente Solaxy has collected $ 26.7 million since its launch in December of last year.
Currently, $ 1 Solx costs $ 0.0016666 (with 153% stimulation awards). Being a presale, however, it will not remain so low for a long time.
If you are interested in investing in what potentially changes the situation for Solana, the White Paper in Solaxy is a good starting point, just like the $ Solx x channel. OUR $ Solx purchase guide You will guide you through the steps if you decide that it is the investment for you.
Do not forget to do your own research, because we are not financial advisers. That said, it will be exciting to see what awaits the Solana blockchain if the last five years are something to pass.
