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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