SOLANA. Buying The Dip And Why

Funding Raised

Institutional Interest

Solana’s Founders

He was joined by two former Qualcomm colleagues, Greg Fitzgerald and Stephen Akridge.

Yakovenko’s goal is to completely disrupt Wall Street and the rest of the global markets. The way he sees it, what Solana is building is “an open, fair, censorship-resistant global marketplace” that’s better than anything inside of the New York Stock Exchange or any other means of settling trades.

How fast is Solana?

Solana’s Projects

Heard of Uniswap? Raydium on Solana is way faster and easier to use. $17B in trading volume has been recorded so far. Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity, and new features for earning yield. Other AMM DEXs and DeFi protocols are only able to access liquidity within their own pools and have no access to a central order book. Additionally, with the majority of platforms running on Ethereum, transactions are slow and gas fees are high.

Solana NFTs

Solana’s Competitive Edge

The average transaction cost on Solana is only $0.00025. That’s orders of magnitude cheaper than Ethereum and other leading cryptocurrencies. For applications such as gaming and micropayments, Ethereum’s current fee structure won’t cut it.

Solana’s easy-to-use Rust programming language could help drive further community adoption. The combination of low fees and a quicker learning curve could be the winning combination.

There are of course some, that still prefer Ethereum. Solana offers a more centralized solution akin to a traditional server.

Solana’s Price


Regulation. Securities and Exchange Commission Chair Gary Gensler hasn’t been too keen on the growing popularity of DeFi, saying at a conference last month that the sector isn’t immune to regulation. Last week, the agency signed a six-figure deal with blockchain analytics firm AnChain.AI to help it investigate DeFi transactions. “The SEC is very keen on understanding what is happening in the world of smart contract-based digital assets,” AnChain CEO and co-founder Victor Fang told Forbes.

All cryptocurrency investments are risky, so don’t invest more than you can afford to lose. There’s the potential for high rewards but also big losses. Many coins could fail completely in the long run.

Disclaimer: Always do your due diligence before investing in a stock. Investing of any kind involves risk. I am not a financial advisor. Your investments are solely your responsibility and I do not provide personalized investment advice. It is crucial that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. Please consult your financial or tax professional prior to making an investment.



Financial minimalist looking for the next investment opportunities

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Financial minimalist looking for the next investment opportunities