Cryptocurrency Solana (SOL), which made a mark in 2021, is definitely among the most talked about cryptocurrencies. Solana, which is a rival to Ethereum, the second largest cryptocurrency by total market value in smart contracts, can also mark the year 2022 thanks to three important developments.
Solana May Achieve Rise In 2022 For These Reasons
The total value of the tokens currently locked on the Solana network has exceeded $11 billion, up from $660 million last year. This alone shows how fast change has been for Solana. SOL, which is among the most notable cryptocurrencies of this year, has also gained a serious place among the smart contract-oriented platforms Binance Coin, Polygon and Avalanche.
The second important and promising development was the number of active users in the Solana network. The number of active users on the SOL network is about to exceed the number of active users on almost all platforms after Ethereum.
Looking at the number of active users for 7 days, it is clearly seen why Solana is promising for 2022. In addition, Solana’s NFT trading platform Magic Eden also rivals Ethereum’s OpenSea platform with 58,400 weekly active users.
The last important development is Solana’s futures market. Solana has captured most of the futures trading volume on decentralized exchanges. This means more volume and usage for Solana.
*Not Investment Advice.