Popularity of Solana blockchain-based cryptocurrencies outpaced Ethereum by 800%

Cryptocurrencies based on the Solana blockchain have become extremely popular, outpacing Ethereum in terms of growth by 800%. This news has attracted the attention of both investors and cryptocurrency enthusiasts.

The data shows that Solana-based meme cryptocurrencies show significantly higher returns than similar tokens on Ethereum. The popularity of such tokens has increased due to the fast transactions and low fees offered by the Solana blockchain. This makes it attractive to developers and users looking for more efficient and cheaper options for their cryptocurrency projects.

Among the most famous meme cryptocurrencies on Solana are SAMO and DOGE, which have shown impressive growth. These tokens have not only attracted large amounts of capital but also created active communities that support their further development.

Solana’s success is also attributed to the innovative technologies underlying this blockchain. Solana uses a unique Proof of History (PoH) consensus mechanism that ensures high transaction processing speed. This allows Solana to compete with other leading blockchain platforms and gives it an advantage in the growing cryptocurrency market.

As a reminder, cryptocurrency analysts have drawn attention to the success of one of the owners of digital assets. The trader turned $ 10,000 into $ 3 million in just 30 minutes. on July 1, the trader spent 70 Solana (SOL), which is equivalent to about $ 10,000, to buy almost 82 million BAKED tokens. After 30 minutes, he sold these tokens for 21,581 SOL, which equals more than $ 3 million.