Solana Marks Five-Year Milestone as SOL Price Drops 2%: Could Its Layer-2 Solution Be the Future?**
As Solana celebrates its fifth anniversary, the SOL token faces continued downward pressure. However, the spotlight is now on SOLX, Solana’s first-ever Layer-2 solution, raising questions about whether it could be the key to revitalizing the network.
Over the weekend, the Solana blockchain commemorated five years since the launch of its mainnet beta. It has been a transformative half-decade, propelling Solana into the top 10 cryptocurrencies by market capitalization.
Despite the significance of Sunday’s (March 16) milestone, which sparked widespread celebrations across the Solana community on social media, the anniversary coincides with ongoing challenges for SOL’s price performance.
**Happy 5th Birthday, Solana! 🥳**
- 408+ billion transactions processed.
- 1,300+ validators securing the network.
- $987+ billion in total volume.
A heartfelt thank you to the dedicated founders, developers, and community members worldwide who have shaped Solana into what it is today. Five years in, this is just the beginning 🎊.
