🔥Solana at 64USDT : What is Happening in the Solana Ecosystem? December Update

👍As a seasoned observer and analyst in the cryptocurrency space, I’ve watched the Solana ecosystem evolve through both prosperous times and challenging market conditions.

🎯Today, I’m here to provide a comprehensive update on the recent developments within the Solana ecosystem that are pivotal for investors and enthusiasts alike.

The aftermath of the 2022 market downturn was a tough phase for many cryptocurrencies, including Solana. However, the resilience Solana has shown is noteworthy. The platform has seen a revival in its token value and a surge in on-chain activities and DeFi growth. This recovery is a strong signal to investors about the robustness and potential of Solana,

At the time of updating this article, SOL is trading at 63USDT, up 153.17% in the last 30 days. With the help of this article, you will also get to know if SOL can be sustainable.

🛑Solana stands out for its exceptional performance and extremely low-cost transactions, making it an attractive choice for industries such as payments, gaming, and social media. This high-performance blockchain is particularly appealing to Web2 startups transitioning to Web3.

💎Solana’s revenue streams include earnings from transaction fees and a share of revenues from integrating Solana Pay with other platforms. A significant development for Solana is VISA’s recent decision to use its network for settling USDC transactions, which is expected to considerably increase network revenue through transaction fees. Presently, over 73% of Solana’s total supply of 553 million is in circulation. The supply locked by Almaeda/FTX, totaling 45 million, is anticipated to be released in mid-2025. The current inflation rate of the SOL supply is at 6%, with a plan to reduce it by 15% each year until it reaches the target inflation rate of 1.5%.

Disclaimer:This article just for education not financial advise
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