"Solana Blockchain Performs Strongly in This Bull Market Cycle"
Former NBA star Paul Millsap said that he has recently conducted in-depth research on blockchain technology, especially the Solana ecosystem, and has purchased multiple Meme tokens such as JUP, WIF, SC, NUB, MICHI, and WEN.
The Solana blockchain has had one of the strongest performances of this bull cycle, with a significant increase in network activity and integrations despite experiencing outages and technical challenges in the past.
Data shows a record 55 million new addresses were created between March and April, helped by the MemeCoin craze and increased activity on decentralized applications such as DePINs.
One of the latest companies to join the Solana ecosystem is PayPal. The fintech company integrated its stablecoin PayPal USD (PYUSD) into the network on May 29, aiming to expand its utility in daily transactions. Interoperability protocol LayerZero has also included Solana in its network of over 70 chains. According to LayerZero, Solanaâs high throughput and low transaction fees make it suitable for âdecentralized applications, especially in the DeFi, NFT and gaming sectors.â
Solana's growth has not been without challenges. There are still concerns about cyber resiliency in the ecosystem, especially after a series of outages. According to its foundation, a full version of the Firedancer upgrade will be released in the coming months.
đœ Personally, I believe that with the continuous expansion of the Solana ecosystem and the emergence of innovative projects, every correction of Solana is an opportunity to buy regular quotas.
