Here are the latest news about Solana:
Market Performance: Solana has seen its price increase by 1.2% over the past seven days, currently hovering around $144.771. The market cap of the coin is around $67.48 billion, making it one of the largest cryptocurrencies by market cap1.
Technical Developments: Solana is based on a hybrid blockchain protocol that uses Proof of Stake (PoS) and Proof of Time (PoH) mechanisms, making it faster and more cost-efficient than many other cryptocurrencies2.
Negative News: In 2022, Solana saw a significant decline in its market cap, losing around $50 billion3. However, it has managed to partially recover since then.
