Solana Leaves Competition In The Dust: Blazing Speed To Fuel Price Surge?
Summary
Solana boasts fastest blockchain with high TPS, but daily transaction count lags behind user growth. Declining transaction fees raise concerns about revenue and network congestion. DeFi Total Value Locked continues to rise, signaling growing adoption. Technical indicators hint at potential price correction for SOL, casting doubt on long-term prospects. Despite impressive transaction speeds and price surge, questions remain about network activity and sustainability. Solana needs to address these issues to fulfill its potential.
