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Solana has witnessed substantial growth across the DeFi, NFT, and Web3 sectors since its establishment in April 2019. The Solana network is currently a hub for various ongoing projects, with expectations for additional developments in the near future.

 

 

As highlighted on Solana’s official website, the primary value proposition revolves around providing cost-effective transactions indefinitely. Positioned as a direct competitor to platforms like Ethereum, Solana recently surpassed the $110 price threshold, reflecting a notable 3% increase in the past 24 hours, according to recent data.

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