Rally

Solana

Donald Trump

<h4><strong>The ETF hype is real in today’s crypto market. An ETF can lead to increased demand from retail investors. </strong></h4> 
<p>They can now invest in crypto without signing up for a CEX or creating a wallet. Recently, we’ve heard of $BTC and <a href="https://www.altcoinbuzz.io/?s=eth+etfs" target="_blank" rel="noopener">$ETH ETFs</a>. Could we have a Solana ETF as the 3rd one?</p> 
<h5><strong>Why is SOL Relevant?</strong></h5> 
<p>If you aren’t already familiar with Solana, here’s a quick rundown. Solana is a non-EVM Layer 1 (L1) Proof-of-Stake blockchain. Founded in 2018 and launched in 2020, Solana stands out for its low transaction costs and rapid adoption, achieving over 300 billion transactions and $4 billion in TVL. This makes Solana the #1 Non-EVM chain and #4 blockchain by TVL today.</p>  
<p><img decoding="async" class="wp-image-145279 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-300x100.png" alt="" width="639" height="213" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-300x100.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-1024x340.png 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-768x255.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-1266x420.png 1266w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-696x231.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23-1068x354.png 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/Untitled-23.png 1420w" sizes="(max-width: 639px) 100vw, 639px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://defillama.com/chains" target="_blank" rel="noopener">DeFillama</a></strong></h6> 
<ul> 
 <li><strong>Ethereum</strong> leads significantly in TVL, active addresses, and stablecoin value.</li> 
 <li><strong>Tron</strong> has many active addresses but fewer protocols and less TVL than Ethereum.</li> 
 <li><strong>BSC</strong> and <strong>Solana</strong> have comparable TVL, with Solana having more active addresses.</li> 
 <li><strong>Arbitrum</strong> shows lower TVL but a competitive number of protocols and active addresses.</li> 
</ul> 
<p>This shows that Solana can overtake Tron and absorb its users in the long run, especially after the ETF. This could move Solana to #2 in TVL and users.</p> 
<h5><strong>Technological Advantages</strong></h5> 
<p>Solana has a technical advantage compared to its competitors:</p> 
<ol> 
 <li>First, Solana uses proof of history. This allows a validator to produce blocks before others agree on them. This improves Solana’s speed and scalability.</li> 
 <li>Second, Solana uses Parallel transaction processing, increasing the network’s Transactions-per-Second (TPS).</li> 
 <li>Third, Solana will benefit as the costs of hardware and bandwidth fall. Currently, both are needed to validate and run Solana’s network. But as time passes, such costs will fall, making them cheaper.</li> 
</ol> 
<p><em>This article was originally published on Altcoin Buzz Alpha. You can subscribe in the banner below to see more articles like this.</em></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-large wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg" sizes="(max-width: 696px) 100vw, 696px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w" alt="" width="696" height="86"></a></p> 
<h5><strong>What is the ETF Situation?</strong></h5> 
<p>The US is well known for its poor regulatory clarity in crypto. However, that has been improving. There are already clear guidelines for listing a spot crypto ETF.</p> 
<p>One requirement would be for a crypto to have a regulated futures market. A Donald Trump administration and a new SEC commissioner would also contribute to further clarity for digital assets in the US.</p> 
<p>However, being technologically superior and having a friendly regulatory environment isn’t enough to get <a href="https://www.altcoinbuzz.io/?s=solana+etf" target="_blank" rel="noopener">Solana its spot in ETF</a>. So, what other factors do we need to look at? Should we get into SOL before the ETF? We’ll find out in Part 2 of this post. So stay tuned!</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/reviewing-solana-for-2024-alt-rally-ahead-part-1/">Reviewing Solana For 2024 Alt Rally Ahead – Part 1</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Reviewing Solana For 2024 Alt Rally Ahead – Part 1

Altcoin Buzz

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