Galaxy Digital Shifts Investment to Solana
Galaxy Digital, the cryptocurrency investment firm founded by Mike Novogratz, has begun to shift its investment focus from Ethereum to Solana. This move reflects the growing interest in Solana, a blockchain platform known for its fast transaction speeds and low fees.
Solana has attracted attention due to its scalability and high performance, prompting many investors and blockchain projects to consider moving to this platform. Galaxy Digital sees potential in supporting projects built on Solana, particularly in the fields of decentralized finance (DeFi) and non-fungible tokens (NFT).
This shift in investment also reflects the trend of diversifying the portfolios of major companies in the cryptocurrency industry, aiming to capitalize on new opportunities and mitigate risks associated with reliance on a single platform.
