a recently published Analysis In 2017, CoinGecko ranked Solana number one on its list of most popular blockchains. According to its data, Solana captures 49.3 percent of the interest of global crypto holders.
Solana was launched in 2020 by Solana Labs, founded in 2018 by Anatoly Yakovenko and Raj Gokal. At the time of its launch, the price of SOL, Solana’s native token, was $0.22 (approximately Rs 18). Now, with the increase in Solana-based activity, the price of its token is also increasing. This week, the price of SOL token crossed the $200 (approximately Rs 16,700) level for the first time since its inception. After going through a minor price correction period, SOL is currently trading at $175 (approximately Rs 14,600). In fact, the price of SOL has increased by a whopping 700 percent in the last one year.
solana blockchain Allegedly Bonk and Slerf have managed to raise $150 million (approximately Rs 1,252 crore) through the sale of memecoins. Subsequently, transaction fees on Solana have also seen an increase in recent months despite the blockchain being famous for charging comparatively cheap gas fees.
As for Ethereum, the blockchain went through a significant update called Denkun earlier this year. Furthermore, the Ethereum blockchain has secured the second position in the most popular blockchain list compiled by CoinGecko.