Why is the new star in the crypto world, SOL, attracting so much attention?
SOL can be considered the 'hot chicken' in the crypto world recently, with extremely broad application scenarios. Whether in the NFT ecosystem or the token issuance platform pump.fun, it is present, making it a strong contender for the third place in the crypto space.
Recently, with the market sentiment in the U.S. rising, the price of SOL skyrocketed from 168 to 231. When I first encountered SOL, I bought it at a price of over 140, not expecting to have caught the low point.
To briefly explain, Solana is a high-performance public chain, with fast transaction processing and low costs, using the innovative Proof of History (PoH) consensus mechanism, which far exceeds the speed of traditional blockchain networks in verifying and recording transactions. On Solana, a small amount of SOL needs to be paid as a fee for transactions or executing smart contracts, and users can earn rewards by staking SOL to maintain network security. It also supports various decentralized applications and services within its ecosystem.
I am optimistic about SOL for the following reasons: its market capitalization has reached 113.1 billion USD (today's data), ranking fifth in total market capitalization in the space; it has received support from Trump; the Sol ETF has successfully launched; the sol chain is about to upgrade; during the tail end of the bull market, SOL is expected to explode.
