📊 Latest Data: Solana's Economy Achieves Strong Growth in Q1!
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According to a recent report from Messari:
• Solana's Gross Domestic Product (Q1 GDP) rose by +20% to reach $1.2 billion
• The value of stablecoins on the network surged by +145% to record $12.5 billion
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What do these numbers mean?
• This growth indicates rising economic activity within the Solana network both in terms of decentralized applications and trading.
• The significant increase in stablecoins reflects users' and developers' confidence in the ecosystem and its use as a center for trading and liquidity.
• This performance strengthens Solana's position as a strong competitor in the Layer 1 (L1) arena against Ethereum and others.
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Can Solana's economy compete with real-world economies in the future?
Share your opinion, and do you think SOL is still undervalued despite these numbers?
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