Firm Sino Global Capital has published a report pointing out Solana‘s strong points. From its low latency, high performance, its operability with the Proof of History mechanism, Solana’s blockchain is capable of processing 50,000 TPS. Sino Global Capital stated:
(…) without compromising decentralization or security. Solana is uniquely positioned to gain market share from existing smart contract blockchains as well as attract new projects and users to the crypto/blockchain space.In parallel, Solana users can leverage low fees averaging $0.0007 per transaction with a high level of composability that sets it apart from alternatives.
(…) composability with the entire layer 1 ecosystem. Without fiat onramps on any EVM layer 2s, new users must first transfer funds through Ethereum, costing (~$50 ), while the same onboarding on Solana costs less than 1 cent. Solana.
Solana’s interoperability with Ethereum
To achieve this, BSC has capitalized on its interoperability with Ethereum, low fees, and the broadening of its DeFi ecosystem. Solana is a platform that offers low costs and speed of BSC, with greater decentralization, its blockchain has more than 600 validators. In comparison, BSC has 21 validators.Solana fills a major performance gap in the world of blockchains while remaining decentralized and composable. A bet on Solana is a bet that one day we will need fully decentralized systems that can support thousands of high-value complex transactions per second and that the chain that can support that scalability and finality today will accrue significant value.
With a parabolic rise across the board, SOL reached an ATH with $27 in the 24-hour chart. However, after a small drop is trading at $26,13 with 8% gains during that period.