Smart contracts platform Solana has performed undaunted by the bears’ onslaught. In the past month, SOL has posted gains exceeding 92%. Its features and applications promise an extension in its uptrend.
Firm Sino Global Capital has published a report pointing out Solana‘s strong points. From its low latency, high performance, its operability with the Proof of History mechanism, Solana’s blockchain is capable of processing 50,000 TPS. Sino Global Capital stated:
(…) without compromising decentralization or security. Solana is uniquely positioned to gain market share from existing smart contract blockchains as well as attract new projects and users to the crypto/blockchain space.
In parallel, Solana users can leverage low fees averaging $0.0007 per transaction with a high level of composability that sets it apart from alternatives.
In the long term, composability in Solana’s blockchain could favor the growth of its DeFi ecosystem, much more so than in other platforms that will implement sharding and second-layer solutions. Sino Global Capital adds: