Why everyone is talking about Solana in 2023
Solana surges in 2023, joining top blockchains with its unique tech, large user base, and promising price forecasts, challenging Ethereum’s dominance. As of 2023, Solana (SOL) has earned its place among the top 3 layer-1 blockchains, sharing the spotlight with giants like Ethereum (ETH) and Binance Chain (BNB). What’s particularly intriguing is that while Solana’s market capitalization sits at about 7.5% of Ethereum’s at nearly $16.5 billion, its daily active user base stands at 66% of Ethereum’s, signaling an engaged and growing community. Over the last 30 days, SOL’s price experienced a remarkable increase of nearly 90%, with a substantial 30% growth occurring in just the previous week. This aligns with the debut of Firedancer, its highly awaited scaling solution, on the testnet. Moreover, this year has been kind to Solana, showcasing a marked improvement in metrics such as uptime and transactions per second. Coinbase, a prominent US crypto exc...