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Up And Coming Projects Accelerate Solana’s Growing Dominance Within The DeFi Ecosystem
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cryptonews.comDisclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
As Ethereum’s problems continue to rise, its biggest competitor, Solana, is gaining significant traction. Often referred to as the “Ethereum Killer,” Solana has delivered a spectacular upward movement this calendar year.
Solana is currently the fifth-largest cryptocurrency by market capitalization, numbering roughly USD 62 billion after increasing manifold in 2021. The project began 2021 with a value of USD 1.82 per token before reaching its all-time high of USD 260.06 last month. This explosive growth underlines the potential of the Solana ecosystem as the go-to hub for next-gen blockchain and DeFi
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