The Solana (CRYPTO: SOL) network has experienced 12 outages in the past year. As a result of this, Solana’s price has experienced extreme volatility. Solana is currently trading at $36.44, down from its all-time high of $260.06.
Solana rose exponentially during early 2021. Its blockchain promised 65,000 transactions/second, endeavoring to support an array of smart contracts, DeFi, and dApps (decentralized applications).
Looking to compete with Ethereum (CRYPTO: ETH), Solana offered a much higher rate of transactions …
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