CoinVoice recently learned that according to The Block, Solana (SOL) has outperformed the rest of the major cryptocurrencies this week, rising 9% in the past seven days, while Bitcoin and Ethereum have fallen by more than 4% and 2% respectively in the same period.
Coinbase analysts David Duong and David Han said: This performance was supported by a number of endogenous catalysts specific to the Solana ecosystem, including major technology releases and VanEck's initial Solana spot ETF application in the United States.
According to Coinbase’s weekly report released on Friday, several recent developments have enhanced the value proposition of the Solana blockchain. One of them is ZK compression technology, which analysts point out can reduce Solana’s costs, especially for large-scale token distribution.
The analyst also added that Solana Blinks represents a development that could bring “an improved and more versatile user experience” to Solana applications. [Original link]
