Solana

Teleport

CODE

Apple

Diamond

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<p>The blockchain platform Solana is rapidly gaining traction and volume that could disrupt longstanding monopolies across multiple industries. With over $50 billion in stable coin volume per day, annualized to over $18 trillion, Solana is already processing 1.5x the volume of Visa's payment network. This immense throughput is being driven by apps migrating to Solana, especially in the trading ecosystem for meme coins and other sectors.</p>
<p>The dominance of major payment networks like Visa and Mastercard is showing cracks, with the two agreeing to temporarily lower fees in the face of a class action lawsuit. However, the real threat is from blockchain-based challengers like Solana that offer much lower transaction costs. Traditional payment giants are being forced to make concessions as they brace for crypto-enabled competition.</p>
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<p>Mobile app monopolies are also in Solana's crosshairs. Companies like Apple have faced accusations of squashing competition by blocking apps that could threaten their own offerings from the tightly controlled App Store. However, Solana's decentralized "Saga" phone is aiming to circumvent such centralized gatekeepers by enabling crypto-native apps and use cases like web3 mobile games that earn crypto rewards.</p>
<p>The next industry that could face disruption is the mobile ride-sharing and food delivery space currently dominated by centralized apps like Uber Eats. Projects like Teleport are aiming to build decentralized networks on Solana that empower drivers and merchants while undercutting incumbents' extractive fees. The composability of blockchain solutions provides a path to bypass or compete with rent-seeking monopolies.</p>
<p>While past attempts to unseat tech titans failed, Solana represents a fundamentally new model that may succeed where others could not. Its extremely low transaction costs and throughput, coupled with crypto-native apps and decentralized alternatives, are providing fertile ground for innovations that incumbents cannot easily replicate or acquire. Monopolistic giants now face an onslaught of blockchain-fueled competition.</p>
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<p>This episode is sponsored by <strong><a href="https://bit.ly/LuxAlg0" rel="noopener noreferrer nofollow">LuxAlgo</a></strong> | <strong>#1 provider </strong>of trading indicators worldwide.</p>
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Visa Forced To Lower Fees + Solana vs. Apple Monopoly Heats Up!

Paul Barron Network

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