Solana’s slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022

Solana’s slide accelerates —  billion in value wiped from the cryptocurrency in 2022


Vital Factors
  • Solana has missing about $50 billion in benefit considering that the starting of 2022, a year marked by outages, overloads, and major publicity to Sam Bankman-Fried’s FTX exchange.
  • Proponents argue that Solana is more vital than ever as a decentralized finance system, but recent selling price motion suggests that buyers keep on to be skeptical even just after the broader crypto markets have stabilized.
  • Solana was created as an productive and pace-initially system, working with an progressive consensus mechanism to differentiate by itself from ethereum, but has faced developer attrition throughout the yr.



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