Solana is a blockchain platform that has recently reached an all-time high in value, showing great success two years after the FTX crash. It has become a leading force in decentralized finance (DeFi) and Web3 innovation. Its success is notable, as it was one of the hardest-hit assets during the FTX collapse.
Bitwise Asset Management has recently filed for a Solana exchange-traded fund (ETF) in the US, which could increase adoption and liquidity for SOL if approved by US regulators. This would be a significant milestone for Solana, setting it alongside Bitcoin and Ethereum as one of the few cryptocurrencies with dedicated ETFs.
Solana’s growing popularity and success have contributed to its credibility among institutional investors and its attractiveness to developers and users. The platform now hosts a wide array of decentralized applications (dApps), non-fungible tokens (NFTs), and DeFi protocols. In summary, Solana has made a remarkable recovery and continues to rise in value, attracting institutional interest and showing potential for further growth and success in the cryptocurrency market.
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<p>The post Solana’s Remarkable Recovery: From FTX Fallout to Market Leader first appeared on CoinBuzzFeed.</p>
