Ukrainian developer’s cryptocurrency recognized as one of the best in the world

Franklin Templeton, an investment company that manages more than $ 1.5 trillion in assets, has expressed its confidence in the potential of the Solana blockchain SOL $147.62 Solana -5.32% Market capitalization $69.14 billion VOL. 24 hours $0.78 billion . The analysts emphasized the project’s stability, its successful recovery from the crisis caused by the FTX collapse in 2022, and the effective implementation of strategic airdrops that contributed to the growth of the network’s popularity in the fourth quarter of 2023.

Franklin Templeton also noted that Solana’s low fees and high scalability have gained recognition in the meme coin sector, with tokens such as BONK and WIF holding their own in the top 100 cryptocurrencies by market capitalization. The company considers Solana to be «uniquely qualified» to become a central hub for various sectors of the crypto world, including decentralized physical infrastructure (DePIN), payments, NFTs, and centralized limit order books (CLOBs).

Anatoliy Yakovenko’s blockchain is expected to experience an increase in activity in the near future. In particular, analysts from Franklin Templeton point to a significant increase in Solana network activity by 75% between the third and fourth quarters of 2023, accompanied by a sharp increase in the number of crypto wallets containing memo coins.

It is important to note that despite the problems with processing the increased volume of transactions, Solana developers are actively working to solve them. Franklin Templeton notes that Solana could be the network that will attract the next big wave of cryptocurrency adoption, making a significant step after Bitcoin BTC $61,632.61 Bitcoin -3.42% Market capitalization $1.22 trillion VOL. 24 hours $2.69 billion and Ethereum ETH $2,487.59 Bridged Ether (StarkGate) -6.10% Market capitalization $0.19 billion VOL. 24 hours $1.24 billion .