Hi everyone...
On this occasion I would like to share several photos and information about Solana (SOL) in March Solana is a blockchain that has a similar general purpose to Ethereum.
Solana has a different technical foundation so developers write applications using Rust instead of Solidity or Vyper. End-user applications to date include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, gaming, and more.
One of its biggest features is scalability where Solana is capable of processing more than 700,000 transactions per second. This high output capacity attracts high frequency traders pioneered by FTX and Alameda Research. The first use case for a DeFi application on Solana is Serum, built by the team behind FTM.
Solana's native currency is SOL. Solana (SOL) is used to pay transaction and staking fees to support the network.
With the emergence of multichain and increasing adoption of DeFi and NFTs, Solana has managed to capture a large market share. Developers were attracted by the technical foundation and started building decentralized applications.
Where can you buy Solana? SOL tokens can be traded on decentralized crypto exchanges. The most popular exchange for buying and trading Solana is Binance, where the most active trading pair SOL/FDUSD had a trading volume of US$411,078,965 in the last 24 hours. Other popular choices include Coinbase Exchange and Bybit.
What is the daily trading volume of Solana (SOL)? Solana (SOL) trading volume was US$3,831,664,941 in the last 24 hours, which represents a -55.80% drop from one day ago and marks the latest drop on CoinGecko's list of highest cryptocurrency volumes.
What is the market cap of Solana (SOL)? Solana (SOL) market cap is US$71,136,327,468 and sits at #6 on CoinGecko today. Market cap is measured by multiplying the token price by the circulating supply of SOL tokens (510 Million tradable tokens on the market today).
What is the fully deluded valuation of Solana (SOL)? The fully diluted valuation (FDV) of Solana (SOL) is US$83,476,733,361. This is a statistical representation of the maximum market cap, if the total number of ETH tokens is 600 million in circulation today.
How does Solana's price performance compare to its peers? With a price decline of -18.80% in the last 7 days, Solana (SOL) is the global cryptocurrency market's worst performer down -12.10%, while the worst performer when compared to similar Coinbase 50 Index cryptocurrencies is up 0.00%.
That's all...
Compact greetings..
@boded77