If already considered one of the most efficient blockchains in the cryptocurrency ecosystem, Solana (SOL) is currently achieving its best performance. For example, according to Solana Exporter, a portal that checks the performance of the blockchain, the number of transactions made on it has reached a new record, and that’s not all.
A powerful blockchain
On Solana (SOL), according to the Solana Explorer team, the number of transactions passed the 100 billion mark. But before achieving this performance, the blockchain had achieved another one in the second quarter of 2022. Although the number of daily transactions it supported had reached 40 million, on the other hand, the Ethereum blockchain had not (ETH) there are only 35. million, or 5 million less. Of course, Solana (SOL) is still relatively unaffected by the crisis that shook the market recently due to the failure of certain asset systems.
Admittedly, Solana (SOL) is becoming more efficient. However, it should not be forgotten that it is still present Beta testing method. That situation could change, however, in light of the criticisms that have been made by network users. In this regard, analysts from Contribution I believe that the Solana blockchain could see the arrival of the new updates. These will make it possible to optimize its operation. For example, steps will be taken to resolve malfunctions and spam issues.
Although it is one of the hottest blockchains right now, Solana (SOL) is not immune to problems. Among other things, the price of the SOL cryptocurrency has been falling for the past few months. Charts show that the crypto has seen a series of ups and downs since early September. However, it managed to stay within a price range between $24.5 and $47.
Despite the context of the crisis in the cryptocurrency market, the Solana blockchain (SOL) manages to achieve a good performance. Above all, it succeeds in attracting investors. Solana shows good growth. Its price is still in a range between 24.5 dollars and 47 dollars.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.