Solana , (SOL) a cryptocurrency that's gained a lot of attention over the last couple years . The way they've managed to achieve high speed and scalability through their Proof of History concept is quite impressive. Transactions are processed really quickly, in fact, SOL can process upwards of 50,000 transactions per second.(See the chart below)
SOL has attracted a range of projects, particularly in the DeFi and NFT spaces, thanks to its efficient performance. I've bought a few NFTs on the SOL network during the bull market without any issues, and gas fees are some of the lowest by far, you can expect to pay about $0.000125 per transaction. It's heartening to see how SOL’s technology can support initiatives like that of a young 11-year-old Australian girl who released her "Save the Quokka " NFT collection on the Sol network.
However, in the last few months SOL has taken a hit, dropping to an all-time low with the current price at $20.17 USD (see chart below) Despite this setback, both the market and investors seem to maintain confidence in this token, making it one to watch. As always, it's essential to DYOR (Do Your Own Research) before making any investment decisions. 4.5✨ Show Less
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